Categories: Energy
Topics: Lithium Stocks

Q2 Metals (TSX-V: QTWO)(OTC: QUEXF) VPE Sage McCallum on Best Hole to Date Intersecting 403.7 Metres at 1.57% Li₂O and 213.8 Metres at 1.93% Li₂O in Hole 93 at the Cisco Lithium Project

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the VP of exploration for Q2 Metals (TSX-V: QTWO)(OTC: QUEXF), Sage McCallum.

Sage, I told you off-air, you are making it really, really tough on these other lithium companies. Holy smokes. Congratulations on Hole 93. You just intersected 403.7 meters at 1.57% lithium. In that same Hole, there was another intercept of 213.8 meters at 1.93% lithium.

Clearly, clearly there is a lot yet to discover. I know you got four rigs going, I believe. I also believe you're looking for more to try to expedite the drilling there. Can you explain to me how it feels to pull this core out of the ground?

Sage McCallum: Yeah. I mean, this is not one of our exploration holes, this is right in the middle of the deposit. So it is surprising from that perspective because it was near some other holes that had good results. It just wasn't quite as continuous as this one. And not to mention, we're talking about a lot of wins, it's a 400 and 213.

One thing to note that I think isn't being noticed maybe is that 213.8 meter interval at 1.93, those grades are far above average for the project. So we're seeing some nice high-grade intervals in a lot of these holes recently. And this is just one example of a few in that core zone where the higher grade seems to exist and it's quite a nice aspect that's turning out for the project.

Gerardo Del Real: I had Keith on the other day and I explained to Keith that I didn't think Q2 was going to make it out of 2026 without a substantial takeout offer. Now, whether or not the company sells or gets purchased, acquired, merged, that's a whole different conversation. But I have to believe that when you're putting out numbers like this and you have the cash position that you have and you've completed over 22 holes now, I believe, that the pace of the phone calls from potential suitors has got to be increasing, people that want to get in that data room and just see what the actual real scale is because it's getting harder to define given the abundance of mineralization that you keep hitting everywhere.

Sage McCallum: Yeah, definitely. I mean, we're busy away having some conversations, but we can't get into that, of course. But yeah, this is definitely on everybody's radar. I think if anybody's looking for any acquisition, obviously Q2 is one of the largest undeveloped projects out there globally. So people are going to be paying attention and they definitely have been.

So yeah, we are very excited to just keep on working throughout the summer. And this is just some of the first holes of the season. So we'll be coming up with some new stuff within the next few weeks here. So it's nice to have additional news flow as we head into the fall season.

Gerardo Del Real: Well, you answered my next question. How are things coming along with the labs? It sounds like you're expecting news flow every couple of weeks as long as the program is active. Is that accurate?

Sage McCallum: Yeah, exactly. This is the first hole of the season, so we're just getting started.

Gerardo Del Real: Well, look, absolutely incredible numbers. I would ask you what comes next, but clearly it's drill baby drill time for the next little bit, I imagine, right?

Sage McCallum: Yeah. Like we've been talking about too is our PEA is on the horizon, so stay tuned for that. That's going to put some nice economics toward the deposit as well.

Gerardo Del Real: No, listen, again, congratulations. Again, you're making it incredibly difficult for other companies to get attention. I had the pleasure of speaking with Keith the other day and he explained that he's not a geologist, but what really attracted him to Q2 was just the quality of the drills that he was seeing, he had just never seen anything within. And mind you, he's got a pedigree as good as anyone. So it's great to have you on here with the geologist take. Anything to add to that, Sage?

Sage McCallum: No, I think Keith is right. I mean, this is world-class. We've been saying that a lot and this is just another example of why we keep saying that.

Gerardo Del Real: Well, looking forward to having you back on. I know you're headed to site. I'll let you get to it. Thank you so much for your time, Sage. Appreciate it.

Sage McCallum: Okay. Thank you.

Gerardo Del Real: All right. Chat soon. Cheers.

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