Q2 Metals Announces Assay Results from Its 2023 Inaugural Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada
2024年4月27日 - 3:16AM
JCN Newswire
Highlights:
Confirmed presence of wide spodumene-mineralized pegmatites
containing high grade intervals at the Mia and Carte zones:Mia Zone
- 17.8 m at 1.51% Li2O, including 12.2 m of 2.16% Li2O (MIA23-004)
Carte Zone - 7.3 m at 0.94% Li2O, including 4.4 m of 1.40% Li2O
(MIA23-007) Continuity of mineralization at the Mia 1 & 2
zones.Core assay results remain to be reported for the 20 drill
holes from the Company's approximately 3,085 m Winter 2024 Drill
Program.
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Q2
Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) ("Q2" or the
"Company") is pleased to announce core assay results of the
inaugural drill program completed in fall of 2023 at the Company's
wholly owned, 8,668 hectare ("ha") Mia Lithium Property (the
"Property") located in the Eeyou Istchee James Bay Territory of
Quebec. The targeted drill area for the inaugural program was the
approximately 10-kilometre-long Mia Lithium Exploration Trend (the
"Mia Trend") which is located 22 kilometres ("km") from the Billy
Diamond Highway, proximal to major hydro-powerline and all-season
road infrastructure.
Neil McCallum, VP Exploration, stated: "Core assay results received
to date indicate our 2023 drill program was successful in
confirming spodumene mineralization in the pegmatites at the Mia
Property. Using innovative targeting methods, our 2023 drill
program on the Mia Trend has revealed that pegmatites are in some
cases complex and variably mineralized at depth and in other cases,
such as at Mia-1/2 and Carte, the pegmatite bodies have a simple
geometry and consistent mineralization. We are very encouraged with
these first drill results and believe we have only just begun to
unlock the potential of the Mia Property."
The Mia Trend comprises an approximately 10-km-long series of
sub-parallel pegmatite intrusions, of which there are 11
demonstrated spodumene mineralized zones. The individual pegmatite
bodies vary in thickness, between a few metres ("m") and over 20 m
in some cases.
The primary objective of the drill program was to drill test along
the Mia Trend, with a total of 31 drill holes completed for
approximately 5,601 m. One drill rig was used to test the main Mia
1, 2 & 3 zones (the "Mia Zone") (17 holes) while the other rig
tested the Carte Zone (eight holes) and the greater Mia Trend (six
holes at zones Mia 7,8 & 9). The Mia Zone represents the most
significant finding of the inaugural program, as outlined below.
The wide spacing of the drill holes on the greater Mia Trend of
between 500 m and 2.8 kms represents several opportunities for
additional discoveries that are similar to the well-mineralized
pegmatite at the Mia Zone.
Drill results at the Mia Zone confirmed spodumene mineralization
within a continuous pegmatite zone that dips gently to the north.
Thickness of the mineralized zone varies from 8 and 20 m, and
extends roughly 600 m east-west and roughly 375 m north-south. The
pegmatite body appears to be open to the west, east and north.
Figure 1. Mia Zone, fall 2023 drilling results
To view an enhanced version of this graphic, please
visit:https://images.newsfilecorp.com/files/1454/206794_0ac7bbd754981945_004full.jpg
Figure 2. Mia Zone 1, simplified cross-section with fall 2023
results
To view an enhanced version of this graphic, please
visit:https://images.newsfilecorp.com/files/1454/206794_0ac7bbd754981945_005full.jpg
Drill results at the Carte Zone have confirmed spodumene
mineralization with a pegmatite zone that appears at surface and
dips gently to the northwest. Thickness of the mineralized zone
varies from 5.8 and 7.3 m, and extends roughly 170 m in a
northeast-southwest strike direction and has been intersected to a
depth of roughly 65 m.
Figure 3. Carte Zone, fall 2023 drilling results
To view an enhanced version of this graphic, please
visit:https://images.newsfilecorp.com/files/1454/206794_0ac7bbd754981945_006full.jpg
Figure 4. Mia Zones 5, 6, 7. Drill hole locations
To view an enhanced version of this graphic, please
visit:https://images.newsfilecorp.com/files/1454/206794_0ac7bbd754981945_007full.jpg
Table 1 summarizes the highlights from the fall 2023 drilling
program. Drill results for the remaining 20 holes and approximately
3,085 m completed in January and February 2024 will be reported
once received.
Table 1. Summary of Fall 2023 drilling
To view an enhanced version of this graphic, please
visit:https://images.newsfilecorp.com/files/1454/206794_0ac7bbd754981945_008full.jpg
Analytical Methods and QA/QC Protocols
All drill core samples were shipped to SGS Canada's preparation
facility in Val D'Or, Quebec, for standard sample preparation (code
PRP89) which includes drying at 105 degrees C, crush to 75% passing
2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. 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).
A Quality Assurance / Quality Control protocol following industry
best practices was incorporated into the sampling program. The
review process indicated numerous inconsistencies and thus a
re-evaluation of the affected results was conducted. Upon final
acceptance by the QP, the results have been promptly reported
herein.
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 and its recently acquired Cisco Lithum
Property.
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 1.21% 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
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian legislation.
Forward-Looking statements are typically identified by words such
as: "believes", "expects", "anticipates", "intends", "estimates",
"plans", "may", "should", "would", "will", "potential", "scheduled"
or variations of such words and phrases and similar expressions,
which, by their nature, refer to future events or results that may,
could, would, might or will occur or be taken or achieved.
Accordingly, all statements in this news release that are not
purely historical are forward-looking statements and include
statements regarding beliefs, plans, expectations and orientations
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
a number of material factors and assumptions.
Forward-Looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those anticipated in such forward-looking
statements. The forward-looking statements in this news release
speak only as of the date of this news release or as of the date
specified in such statement. Forward-Looking statements in this
news release include, but are not limited to, the belief that the
Company has only just begun to unlock the potential of the Mia
Property, the indication that wide spacing of drill holes on the
greater Mia Trend representing opportunities for additional
discoveries that are similar to the well-mineralized pegmatite at
the Mia Zone, the focus of the Company's current and future
exploration and drill programs, the scale, scope and location of
future exploration and drilling activities, the Company's
expectations in connection with the projects and exploration
programs being met, the Company's objectives, goals or future
plans, statements, exploration results, potential mineralization,
the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual
results to differ materially from those in forward-looking
statements include failure to obtain necessary approvals,
variations in ore grade or recovery rates, changes in project
parameters as plans continue to be refined, unsuccessful
exploration results, changes in project parameters as plans
continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
risks associated with regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely
basis, accidents or equipment breakdowns, uninsured risks, delays
in receiving government approvals, unanticipated environmental
impacts on operations and costs to remedy same. Readers are
cautioned that mineral exploration and development of mines is an
inherently risky business and accordingly, the actual events may
differ materially from those projected in the forward-looking
statements. Additional risk factors are discussed in the section
entitled "Risk Factors" in the Company's Management Discussion and
Analysis for its recently completed fiscal period, which is
available under Company's SEDAR profile at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. Although the Company has attempted to identify important
risks, uncertainties and factors which could cause actual results
to differ materially, there may be others that cause results not to
be as anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update this
forward-looking information except as otherwise required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/206794
Copyright 2024 JCN Newswire . All rights reserved.