Source: Q2 Metals

Q2 Metals (TSXV:QTWO) recently reported the core assay results from its first drill program, which took place in the fall of 2023 at its wholly owned Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec. The property spans over 8,668 hectares.

The inaugural drilling focused on the Mia Lithium Exploration Trend, approximately 10 kilometers long, situated 22 kilometers from the Billy Diamond Highway. This location is near major hydro-powerline and all-season road infrastructure, enhancing the site’s accessibility and potential development viability.

Neil McCallum, VP Exploration, commented in a press release: “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 features a series of sub-parallel pegmatite intrusions, including 11 zones where spodumene mineralization has been demonstrated. These pegmatite bodies vary significantly in thickness, ranging from a few meters to more than 20 meters in some instances.

Source: Q2 Metals

The drilling campaign involved 31 drill holes totaling about 5,601 meters. Operations were conducted using two rigs; one rig focused on the main Mia 1, 2, and 3 zones, drilling 17 holes, while the other rig worked on the Carte Zone with eight holes and tested other parts of the Mia Trend with six holes across zones Mia 7, 8, and 9.

The most significant findings came from the Mia Zone, where the pegmatite zone showed continuous spodumene mineralization. This zone is characterized by a gentle northward dip, with mineralization thickness ranging between 8 and 20 meters. The pegmatite extends approximately 600 meters east-west and about 375 meters north-south, and it remains open to expansion to the west, east, and north.

In the Carte Zone, drilling confirmed spodumene mineralization as well. The mineralized pegmatite in this area surfaces and dips gently to the northwest. It ranges from 5.8 to 7.3 meters in thickness and stretches approximately 170 meters in a northeast-southwest direction, with intersections down to a depth of about 65 meters.

These findings underscore the potential for additional discoveries within the larger Mia Trend, considering the wide spacing of between 500 meters and 2.8 kilometers between drill holes. This initial exploration suggests the presence of significant lithium-bearing mineral resources, which could play a crucial role in supporting the growing demand for lithium, primarily driven by the electric vehicle and battery storage markets.

Source: Q2 Metals

Highlights from the results are as follows:

  • 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.
Table 1. Summary of Fall 2023 drilling. Source: Q2 Metals

 

 

 

 

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.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Athena Resources Ltd. AHN.AX +22.22%
 Adavale Resources Limited ADD.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%
 Gladiator Resources Limited GLA.AX +17.65%