Mike Fagan,
Editor
Dec. 10, 2024
Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) — currently trading around C$0.95 per share — has announced positive assays for holes 22 and 23 from its recently-completed summer 2024 drill campaign at the flagship Cisco lithium exploration property in James Bay, Quebec.
- Hole 22 confirmed the continuity of the mineralized system to the southeast with three separate spodumene-pegmatite intervals grading at or above 1.55% lithium oxide (Li2O).
- Hole 23 confirmed the continuation of the mineralized system to the south via twelve individual spodumene-pegmatite intervals with the widest measuring 188.6 meters averaging 1.56% Li2O, including 26.0 meters averaging 2.03% Li2O.
Assays remain due for Hole 20, which will put a bow on what proved to be a very successful Phase-1, 17-hole, 6,359-meter drill program at the newly-expanded Cisco property.
Q2 Metals VP of Exploration Neil McCallum — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the latest batch of positive assays from Cisco via press release:
“The results of drill hole 23 successfully confirmed the continuity of spodumene mineralization over the 850-metre strike length and, combined with drill hole 22, which underscores the down-dip continuity between holes 13, 17, 18 and 22, reinforces our confidence in the scale of Cisco. Significantly more upside potential exists, and we plan to continue growing the already very large system to both the south and the east in our upcoming winter exploration program.”
The company’s forthcoming Phase-2 program — which will focus on defining and expanding the known zones of spodumene-pegmatite mineralization from Phase-1 — is slated to commence in early Q1 2025 starting with one drill rig and potentially ramping up to three rigs.
With lithium prices starting to stabilize, and with a Phase-2, 6,000-8,000 meter program just around the corner, Q2 Metals should have plenty of news flow ahead as it sets the drills in motion at its flagship Cisco lithium exploration property in Quebec’s prolific James Bay region.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Q2 Metals VP of Exploration Neil McCallum to go over the latest batch of positive assays from Cisco, plus a look ahead to next-round drilling. Please enjoy!
For more information on Vancouver-based Q2 Metals, please contact the company’s IR department at 800-482-7560 or via email at info@q2metals.com.
Visit the Q2 Metals corporate website and sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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