Q2 Metals (TSX-V:QTWO) says it is eager to resume work on the Cisco Lithium Project in Québec, Canada, after receiving the final results from the 2024 drilling campaign.
One hole — CS-24-020 — showed wide intervals measuring 26.5m @ 1.08% lithium oxide, and 41.6m @ 0.9% lithium oxide. Another remaining interval from a separate hole confirmed the continuity of mineralisation to the south-east, and that the system remains open in both directions.
“2024 has been a transformative year for Q2,” Vice President of Exploration Neil McCallum says, noting that work at the property will resume in late January.
“Since its acquisition in February 2024, we have been focused on the Cisco property, which has far surpassed our lofty expectations.”
Since May 2024, Q2 Metals has drilled 17 holes totalling 6,359.7m, all of which intersected pegmatite with visual indications of spodumene mineralisation.
Separately, Q2 Metals has also received C$1.9 million ($2.09 million) from the exercise of 6.25 million share purchase warrants from a private placement announced in 2022.
“We are pleased that the cash proceeds from the exercise of expiring warrants, as well as the exercise of other in-the-money warrants, will further add to Q2’s strong balance sheet, providing us with a solid financial foundation from which we will continue to build shareholder value through the drill bit with our 2025 winter exploration program,” CEO Alicia Milne says.
The company is finalising plans for the winter program at Cisco, which will be detailed early next year.
Q2 Metals is a Canadian mineral explorer focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region in Canada.
The company will be exhibiting at this year’s Prospectors & Developers Association of Canada (PDAC) event being held from 2-5 March in Toronto, Canada.
The annual award winning convention brings together up to 30,000 attendees from over 130 countries for its educational programming, networking events, as well as business and investment opportunities.
Mining.com.au is an official media partner for the upcoming event. To register for PDAC 2025 click here.
Write to Aaliyah Rogan at Mining.com.au
Images: Q2 Metals
