Reviewed by Lexie CornerMay 23 2024
Q2 Metals Corp. ("Q2" or the "Company") is pleased to announce that the Q2 geology team and drilling contractors have mobilized to begin its inaugural exploration program at the Cisco Lithium Property (the "Property" or the "Cisco Property").
Q2 Metals geologist standing on the 2023 discovery area. Image Credit: Q2 Metals Corp.
The Company will commence a detailed mapping and sampling program at the Cisco Property, which will provide guidance on the extent of the lithium mineralization at the initial target area and identify other potential target areas on the sizeable primary exploration trend measuring 21 kilometers ("km") long.
"Our geology team has arrived at our camp, and work at the Cisco Property will ramp up this week," said Q2 Metals President and CEO Alicia Milne. "Our team is motivated by the property vendors' 2023 discovery, and the massive scale of the project will keep us busy this summer."
Q2 will also commence an inaugural drill campaign ("Spring 2024 Drill Campaign") focused on the 2023 discovery area. As the Q2 geology team assesses the other target areas, the Spring 2024 Drill Campaign may expand outwards.
Youdin-Rouillier Drilling of the Eeyou Istchee Territory, James Bay, Quebec, is contracted to complete the diamond drilling. Dahrouge Geological Consulting Ltd. of Edmonton, Alberta, will manage the drill program and property-wide geological exploration.
About the Cisco Property
The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. Located less than 10 km east of the Billy Diamond Highway, the Property is approximately 150 km north of Matagami and the closest rail link to much of James Bay. The Property lies within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec.
The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.
On February 28, 2024, the Company announced it had signed an option agreement that gives it the exclusive right and option to acquire a 100 % interest in three groups of minerals claims, collectively known as the Cisco Property (the "Transaction"). The Transaction is expected to close in short order.
Qualified Person
Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration of Q2.