Q2 Metals Announces Re-Assay Results and Spring 2024 Exploration Plan for Cisco Lithium Property, James Bay Territory, Quebec, Canada
2024年5月16日 - 4:09PM
JCN Newswire
Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) ("Q2" or
the "Company") is pleased to announce the results of the
re-assaying of the initial core samples from the drill program that
was conducted by the property vendors at the Cisco Lithium Property
(the "Property" or the "Cisco Property") in fall of 2023.
The Property vendors drilled six holes, totaling 1,287 metres
("m"), at one of the six mineralized zones at the Property. Their
drill program confirmed a strike length of approximately 220 m,
open along strike in both directions and down-dip.
As announced on April 30, 2024, Q2 geologists re-logged the drill
core and then submitted the previously sampled intervals for
analysis using the processed material from the original analytical
lab. The samples were sent to SGS Laboratories in Burnaby, BC,
where they were analyzed for Lithium ("Li") and Tantalum ("Ta")
using sodium peroxide fusion with ICP-AES/MS finish (code
GE-ICP91A50).
The objectives of the re-assaying and re-logging program were:
To confirm the historical analytical results with a method
consistent with that used for the Mia Property, and which will be
used in future programs at Cisco.To utilize an analytical method
appropriate for tantalum as well as one more appropriate for higher
grades of lithium.
Q2 Metals VP of Exploration Neil McCallum said: "We are pleased
with the positive outcome of the re-analysis of the Cisco drill
results. A thorough review of the quality control measures has
solidified that the new results are more accurate than the original
results previously announced. It's not an unexpected change as the
analytical methods now used are more accurate at higher grades
above roughly 1.5% Li2O and we have several samples above that
range."
Q2 Metals President and CEO Alicia Milne said: "These results add
to our overall excitement around the Property. We've been counting
down the days to get boots on the ground at Cisco and are looking
forward to a busy exploration season."
The results of the re-analysis are summarized in Table 1. A plot of
both analytical methods is shown in Figure 1 to visualize the
difference indicating the higher results of the re-analysis at
grades greater than about 0.75% Li2O.
Table 1. Results of re-analysis for the 2023 Cisco drilling
To view an enhanced version of this graphic, please
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Figure 1. Chart of the original analysis (x-axis) and the
re-analysis (y-axis)
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visit:https://images.newsfilecorp.com/files/1454/209423_b75f8bdcc44b48ca_005full.jpg
Figure 2. Spodumene pegmatite intercept from drill hole
CS-23-05
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Spring 2024 Exploration Program - Cisco Property
Q2 will commence a detailed mapping and sampling program at the
Cisco Property shortly after the local goose harvesting season is
completed on May 20, 2024. The detailed groundwork 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 kilometres ("km")
long.
Q2 will also commence an inaugural drill campaign (Spring 2024
Drill Campaign) which will be focused on the 2023 discovery area.
As the other target areas are assessed by the Q2 team, the drilling
will expand outwards.
About the Cisco Property
The Cisco Property is comprised of 222 mineral claims and is 11,374
hectares in size. It is located less than 10 km east of the Billy
Diamond Highway, and is approximately 150 km north of Matagami, a
small town that contains the closest rail link to much of James
Bay. The Property lies within the greater Nemaska Community lands
of the Eeyou Itschee 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 which gives the Company the exclusive right and option
for the acquisition of 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.
Analytical Methods and QA/QC Protocols
All drill core samples were shipped from Techni-Lab Abitibi Inc. (a
division of Activation Laboratories Ltd.) to SGS Canada's
preparation facility in Val d'Or, Quebec, for processing. The pulps
were shipped by air to SGS Canada's laboratory in Burnaby, BC,
where the samples were homogenized and subsequently analyzed for
multi-element (including Li and Ta) using sodium peroxide fusion
with ICP-AES/MS finish (code GE_ICM91A50).
An in-depth review of the QA/QC standards of both methods reveals
that the analytical results reported herein are more accurate.
Advance Notice Policy
The Company is pleased to report that it has received the approval
of the TSX Venture Exchange for an amendment to the Company's
articles (the "Articles") to add a requirement for advance notice
in connection with the election of directors ("Advance Notice
Provisions"), as approved by shareholders at the Company's annual
and special meeting of shareholders held on November 1, 2023.
The purpose of the Advance Notice Provisions is to provide
shareholders, directors and management of the Company with
direction on the procedure for shareholder nomination of directors.
The Advance Notice Provisions are the framework pursuant to which
the Company fixes a deadline by which holders of record of common
shares must submit director nominations to the Company prior to any
annual or special meeting of shareholders and set forth the
information that a shareholder must include in the notice to the
Company for the nomination notice to be in proper written form. A
copy of the amended Articles can be found under the Company's
profile on SEDAR+ at www.sedarplus.ca and further details on the
Advance Notice Provisions may be found in the Company's management
information circular dated September 27, 2023.
Qualified Person
Neil McCallum, B.Sc., P.Geol, is a registered permit holder with
the Ordre des Geologues du Quebec and 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.
About Q2 Metals Corp
Q2 Metals Corp. is a Canadian mineral exploration company focused
on unlocking its portfolio of lithium projects in the Eeyou Istchee
James Bay region of Quebec, Canada that includes its 100% owned Mia
Lithium Property. In addition, the Company expects to add the Cisco
Lithium Property to its property portfolio once the Transaction
closes.
The Company's exploration advancement at its 8,668-ha flagship Mia
Lithium Property is focused on the more than 10-kilometre-long Mia
Trend which is host to both the Mia 1 and Mia 2 lithium occurrences
and 11 other mineralized zones along trend.
The Cisco Lithium Property is located approximately 150 km north of
Matagami, Quebec and comprised of 222 mineral claims and is
11,374-ha in size. The property has district scale potential with
an already identified mineralized zone and a discovery drill result
of 115.4 m of 1.40% Li2O (hole CS-23-05), cumulatively in five
separate pegmatites.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Alicia@Q2metals.com
Jason McBride
Corporate Communications
Jason@Q2metals.com
Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com
WWW.Q2Metals.com
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Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
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Accordingly, all statements in this news release that are not
purely historical are forward-looking statements and include
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regarding the future including, without limitation, any statements
or plans regard the geological prospects of the Company's
properties and the future exploration endeavors of the Company.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Forward-Looking statements are based on
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Forward-Looking statements involve known and unknown risks,
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differ materially from those anticipated in such forward-looking
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specified in such statement. Forward-Looking statements in this
news release include, but are not limited to, exploration results
on the Cisco Property and inferences made therefrom, closing of the
Transaction in short order, the commencement of a detailed mapping
and sampling program at the Cisco Property shortly after the local
goose harvesting season has completed on May 20, 2024, that the
Spring 2024 Drill Campaign will commence on the 2023 discovery area
with the opportunity to increase as the results dictate, that the
Q2 will add the Property to its property portfolio, the focus of
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exploration results, changes in project parameters as plans
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inherently risky business and accordingly, the actual events may
differ materially from those projected in the forward-looking
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