Mike Fagan,
Editor
Dec. 20, 2024
Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) — currently trading around C$0.80 per share — has wrapped up the release of assays from its 2024 drill campaign at the flagship Cisco lithium exploration property in James Bay, Quebec.
Assays from the final reporting hole, Hole 20, produced strong analytical results via the the intersection of several wide intervals of spodumene-pegmatite mineralization, containing:
- 26.5 m at 1.08% lithium oxide (Li2O),
- 15.8 m at 1.43% Li2O,
- 41.6 m at 0.90% Li2O, and
- 13.5 m at 1.25% 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 solid momentum going into 2025 via press release:
“2024 has been a transformative year for Q2. Since its acquisition in February 2024, we have been focused on the Cisco Property, which has far surpassed our lofty expectations. With the final drill results now reported on from our 2024 exploration campaign, we are eager to resume work on Cisco in late January and expand on the exceptional results we've received so far.”
With the focus now shifting to a planned winter 2025 exploration and drilling campaign at Cisco, the Q2 Metals team also reports that it has received total proceeds of C$1.9 million from the most recent exercise of warrants, which were priced at C$0.305 per share.
Q2 Metals president & CEO Alicia Milne added:
“We are pleased that the cash proceeds from the exercise of expiring warrants, as well as the exercise of other in-the-money warrants, will further add to Q2's strong balance sheet, providing us with a solid financial foundation from which we will continue to build shareholder value through the drill bit with our 2025 winter exploration program. Plans for the winter campaign at Cisco are being finalized and will be detailed early in the new year.”
The upcoming winter program at Cisco will be primarily focused on further defining the known zones of spodumene-pegmatite mineralization via tighter drill spacing along with specific drill targets aimed at extending those zones.
Now, as promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Q2 Metals VP of Exploration Neil McCallum for a closer look at what’s shaping up to be a very exciting 2025 for QTWO via the drill-bit in a red-hot Canadian lithium district that’s all of a sudden attracting some very big names. 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
Click here to see more from Q2 Metals
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