Mike Fagan,
Editor
Nov. 1, 2024
Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) — currently trading around C$1.08 per share — has released assays from an additional three holes from its 2024 drill program at the flagship, 11,374-hectare Cisco lithium property in James Bay, Quebec, ahead of Phase-2 drilling.
All drill holes intersected pegmatite with visual indications of spodumene mineralization identified. Highlights include:
- Hole CS-24-021: Widest interval of 347.1 meters at 1.35% Li2O including 30 meters at 1.76% Li2O
- Hole CS-24-017: Widest interval of 71.8 meters at 1.01% Li2O including 13.3 meters at 1.77% Li2O
- Hole CS-24-019: Widest interval of 56.8 meters at 1.06% Li2O including 9.1 meters at 1.80% Li2O
This latest batch of positive assays is from the company’s recently completed spring/summer 2024 drilling, which spanned a combined 17 holes across more than 6,300 meters; assays remain due for an additional three holes.
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 assay results from Cisco via press release:
“The results of the continuous, greater than 300 meters interval, has been yet another piece of validation to the story of Cisco. We've drilled some world-class intervals already, but the development of Cisco is still in its infancy and we look forward to continuing our understanding of the project through further drilling in 2025.”
As alluded to, the Q2 Metals team is in the advanced planning stages of a Phase-2 exploration and drilling program aimed at continuing to define and expand what’s shaping up to be a large, continuous zone of well-mineralized spodumene-pegmatite at Cisco.
That program is slated to commence in early Q1 2025 starting with one drill rig and potentially ramping up to three rigs.
Q2 Metals president & CEO Ms. Alicia Milne added:
“The results for drill hole 21 have been widely anticipated and it has delivered. We still have three more drill holes to report and are in the process of planning an accelerated exploration program in 2025 to understand the true potential at the Cisco Lithium Property.”
Additionally, Q2 Metals is advancing its 100%-owned, 8,668-hectare Mia lithium property (situated to the north of Cisco), which hosts the 10-km-long Mia Lithium Exploration Trend — a series of sub-parallel pegmatite intrusions, of which there are 11 mineralized with spodumene at surface.
Earlier this year, Q2 Metals released assay results from its inaugural drill program at the Mia Zone, confirming spodumene mineralization within a continuous pegmatite zone (8 to 20 meters thickness) dipping to the north with the pegmatite body appearing to be open to the west, east, and north. Highlights included:
- Hole MIA24-033: 13.7 meters at 1.28% Li2O including 9.1 m of 1.79% Li2O
- Hole MIA24-039: 8.8 meters at 1.33% Li2O including 5.8 m of 1.71% Li2O
Next steps at Mia include a property-wide mapping and sampling program coupled with a planned follow up on several high-priority targets identified through a recently completed airborne LiDAR survey.
With assays due for three remaining holes, and with drilling set to resume early next quarter, Q2 Metals is systematically raising its profile as one to watch in the small-cap lithium exploration space with potentially multiple discoveries of significance being delineated via the drill-bit in Quebec’s 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 discuss the most recent batch of assays from Cisco, plus a look ahead to Phase-2 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