Q2 Metals (TSXV:QTWO) Commences Inaugural Drill Program at Quebec’s Cisco Lithium Property

Figure 1. Active drill rig at the Cisco Lithium Property for inaugural drill program. Source: Q2 Metals

Q2 Metals (TSXV:QTWO) has announced the commencement of the 2024 inaugural drill program at the Cisco Lithium Property, located within the Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The Spring 2024 Drill Campaign aims to test the mineralized zone where the property vendors made a discovery in the fall of 2023, known as the Discovery Zone.

The primary objective of the drill program is to test for mineralized pegmatite along strike and define the size and orientation of the Discovery Zone. Concurrently, a detailed mapping and sampling campaign is ongoing at the property to provide guidance on the extent of the lithium mineralization at the Discovery Zone and identify other potential target areas on the sizeable primary exploration trend measuring 21 kilometers long.

The Cisco Property, comprised of 222 mineral claims and spanning 11,374 hectares, is situated less than 10 km east of the Billy Diamond Highway and approximately 150 km north of Matagami, a small town with 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.

Geologically, the Cisco Property is located along the Frotet Evans Greenstone Belt, which is comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks. This belt is part of the southern James Bay Lithium District and hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away from the Cisco Property, respectively.

On February 28, 2024, Q2 Metals Corp. announced the signing of an option agreement granting the company the exclusive right and option to acquire a 100% interest in three groups of mineral claims, collectively known as the Cisco Property. The transaction is expected to close in the near future.

As the Spring 2024 Drill Campaign progresses, the company aims to gain a better understanding of the lithium mineralization at the Cisco Property and its potential for future development. The results of the drill program and the ongoing mapping and sampling campaign will provide valuable insights into the property’s geological characteristics and guide future exploration efforts in the area.

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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