Categories: Energy
Topics: Lithium Stocks

Q2 Metals (TSX-V: QTWO)(OTCQB: QUEXF) VPE Neil McCallum on Advancing the Cisco Lithium Project in Québec with Four Active Drill Rigs & What’s Next

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the VP of Exploration for the very busy Q2 Metals (TSX-V: QTWO)(OTCQB: QUEXF), Mr. Neil McCallum. Neil, it's great to have you back on. How are you today?

Neil McCallum: I'm great… and like you said, keeping busy.

Gerardo Del Real: Well, listen, final winter assays: you hit 137.6 meters of 1.47% lithium, including 40.6 meters at 3.25% lithium. I am of the opinion that you're in a hurry to add as much value to this project as humanly possible. I believe you've probably got multiple suitors taking a look at the scale, the grade, and the infrastructure here, and they're probably chomping at the bit.

So before we get into the results, I've got to ask you. The one thing that could delay that a bit is I know there were some fires you were dealing with early in the season. How is that as of today?

Neil McCallum: Yes, a lot of folks in the eastern U.S. saw the results of that, but over the last couple of weeks, things have died down quite a bit. It didn't really impact us, and we were able to continue operations, just keeping ourselves on high alert for most of that time. So, yes, it's all good now.

Gerardo Del Real: Good to hear. Well, let's talk about these latest results. We should also emphasize that the 2026 summer program is in progress with four rigs turning. But let's talk about these final assays from the winter program. Can you speak to how that program ended, what you got out of it, and how it set up the four rigs that are turning now?

Neil McCallum: Yes, for sure. The infill drilling is what we focused on in the winter, filling gaps where we had mineralization before, right in the middle of our system. Typically that's boring, but it's actually quite nice to see what's happening in the core zone, sort of in that north-central area around hole 88 that you quoted there.

That's pretty close to a few other holes that had some nice high-grade sub-intervals within the larger interval, holes 73 and 18. Very excited to see how that's turning out and how we can continue drilling and understand that a lot better going forward.

Gerardo Del Real: Excellent. Let's talk about the summer program. I talked about the urgency to add value and the likelihood of many potential suitors. Obviously, at this stage, when you have this type of resource and this type of grade, you're not going to be short on phone calls. You weren't short on phone calls before the resource estimate. I'm sure since then, it's only accelerated. How are things coming along on that front?

Neil McCallum: Yes, the summer program is going really well. Again, a lot of that is focused on two fronts. For the most part, it's infill drilling to raise that confidence level from inferred to indicated. That's going to allow more precise economic studies beyond the PEA that we're working on now.

And then, of course, this is open-ended in a lot of directions. So we have some easy targets that we're going to be testing along strike to the north and south, and then a few others at depth that could potentially move the proposed conceptual pit shells in certain directions where that makes sense.

So, yes, there's a lot of room for adding value by increasing confidence and by growing the resource as well. It's going to be a busy summer, for sure. Like you said, increasing the value of the project.

Gerardo Del Real: Yes. I imagine it's all hands on deck now that you've got the summer program going, the fires are behind you, and the logistics have been worked out.

Neil McCallum: Yes, definitely. 

Gerardo Del Real: Wonderful. Well, listen, I would ask you what comes next, but it sounds like a whole heck of a lot of drilling. When do you anticipate assays starting to come back and hit the market?

Neil McCallum: Yes, that'll likely be mid-August by the time we see the next batch. Of course, there might be a little delay, but we'll get them out as soon as we can.

Gerardo Del Real: Awesome. Neil, always a pleasure. Thank you for your time.

Neil McCallum: My pleasure, Gerardo.

Gerardo Del Real:  Looking forward to having you back on. I'll let you get back to it. Appreciate it.

Neil McCallum: Sounds good. Thanks so much.

Gerardo Del Real: Alright, cheers.

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