Mike Fagan,
Editor
Oct. 3, 2024
Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) — currently trading around C$1.10 per share — has released assays from a further seven drill holes at the flagship, 11,374-hectare Cisco lithium property in James Bay, Quebec.
All drill holes intersected pegmatite with visual indications of spodumene mineralization identified. Highlights include:
- Hole CS-24-018: Widest interval of 215.6 meters at 1.69% Li2O including 64.6 meters at 2.29% Li2O
- Hole CS-24-011: Widest interval of 81.8 meters at 1.17% Li2O
- Hole CS-24-013: Widest interval of 59.5 meters at 1.18% Li2O
This latest batch of 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 six holes.
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Hole CS-24-018, highlighted above, is the first hole with analytical results confirming what the company characterizes as a large mineralized zone to the south; see drill core image (below) with visual spodumene crystals.
Earlier results from that same program (released in September) included the following highlights:
- Hole CS-24-010: Widest interval of 120.3 meters at 1.72% Li2O including 19.0 meters at 2.06% Li2O
- Hole CS-24-007: Widest interval of 27.1 meters at 1.96% Li2O including 11.1 meters at 2.49% Li2O
- Hole CS-24-008: Widest interval of 19.3 meters at 1.75% Li2O including 6.2 meters at 2.23% Li2O
- Hole CS-24-009: Widest interval of 82.1 meters at 1.43% Li2O including 15.7 meters at 1.88% Li2O
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:
“These assays continue to validate the potential and scale of the Cisco Property as that of a larger mineralized system. One important observation of these results is the higher-grade nature of the larger mineralized system as we test and track the system progressing to the south.”
Q2 Metals president & CEO Ms. Alicia Milne added:
“We are extremely pleased with these assay results, which continue to demonstrate the world-class nature of the Cisco Project. It is difficult to ignore the significance of what we've discovered at Cisco and our team is committed to continuing to unlock Cisco’s full potential.”
Next up for Cisco, the Q2 Metals team is planning a winter 2024-25 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.
Additionally, the company 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 more assays due and with drilling set to resume at Cisco around the turn of the new year, Q2 Metals is emerging as one to watch in the small-cap lithium exploration space with potentially multiple discoveries of significance being delineated in Quebec’s James Bay region.
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As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Q2 Metals VP of Exploration Neil McCallum to discuss the latest batch of assays from Cisco, plus a look ahead to the forthcoming winter drill program. 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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