Categories: Energy
Topics: Lithium Stocks

Next Patriot Battery Metals?

Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) — currently trading around C$0.80 per share — has outlined its exploration agenda for the upcoming 2023 field season at the flagship Mia Lithium Project in James Bay, Quebec.  

The program will include geophysical surveys consisting of ground-IP/resistivity and ground gravity followed by a maiden 10,000-meter drill program slated for Q3. 

Mapping and surface sampling at the 86 sq km Mia property has produced highlight grades averaging 2.65% lithium oxide along with the identification of a ~7-km-long unsampled and untested pegmatite trend (see below).

Q2 Metals president & CEO Alicia Milne commented via press release:

“We are pleased with the encouraging sampling results near the Mia Li-1 and Mia Li-2 occurrences which will provide valuable information to add to our 2023 exploration program.” 

A newly scheduled round of mapping and sampling will commence at Mia as soon as the snow cover is melted away to a favorable degree.

The company expects results from that groundwork to provide guidance on the extent of lithium mineralization along trend and to aid in the delineation of drill targets for the upcoming 10,000-meter program, which is slated to run from July to September via two rigs. 

Importantly, Q2’s vice president of exploration, Neil McCallum — whom you’re about to hear from directly in our exclusive interview coming right up — is credited with the identification and staking of the nearby Corvette lithium property for then 92 Resources (predecessor to Patriot Battery Metals; TSX-V: PMET). 

And if you’ve been following the space, then you know that Patriot Battery Metals has emerged as the undisputed darling of the North American lithium exploration space, having confirmed a top-tier lithium pegmatite discovery at Corvette in the James Bay district and seeing their market capitalization quickly balloon from the tens of millions to ~C$1 billion.   

In other words, Mr. McCallum knows a thing or two about the geology of the James Bay region wherein he has hand selected the Mia property as the flagship lithium exploration project for Q2 Metals. 

Q2 is now cashed up and ready to explore and lay down its first drill holes at Mia having recently completed a ~C$10 million financing. 

The team also recently acquired, through staking, the Stellar Lithium Project, also in the James Bay region. The acquisition brings the total land area of Q2 within the district to 248 mineral claims totaling 12,640 hectares. 

Q2 Metals president & CEO Alicia Milne commented via press release: 

“The addition of the Stellar Lithium Property cements our potential as the next premier lithium exploration story in Quebec, and with our strong treasury we look forward to rapidly advancing both assets to the benefit of our shareholders.”

So lots happening with Q2 in the coming weeks and months as the snow melt gives way to boots-on-the-ground exploration and drilling at Mia along with the commencement of mapping and sampling at Stellar. 

And going that extra step, our own Gerardo Del Real of Junior Resource Monthly sat down with Q2 Metals’ VP Exploration Neil McCallum to go over the Mia lithium property, including similarities to Patriot’s Corvette discovery and next steps in the exploration process, plus a look at the newly acquired Stellar lithium property. Please enjoy!

For more information on Vancouver-based Q2 Metals, be sure to contact Jason McBride at the company’s IR department at 800-482-7560 or via email at info@q2metals.com.

Mike Fagan
Editor, Resource Stock Digest