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Q2 Metals Announces Re-Assay Results and Spring 2024 Exploration Plan for Cisco Lithium Property, James Bay Territory, Quebec, Canada

Q2 Metals Corp. ("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

 

Figure 1. Chart of the original analysis (x-axis) and the re-analysis (y-axis). Image Credit: Q2 Metals Corp

Figure 2. Spodumene pegmatite intercept from drill hole CS-23-05. Image Credit: Q2 Metals Corp​​​​​​

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.

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