Q2 Metals (TSX-V:QTWO) will announce details of its summer exploration plans in the coming weeks following a review of drilling core collected by the previous operators of the Cisco lithium property in Quebec, Canada.
The company re-logged six drill holes completed at the end of 2023 and ensured that all relevant intervals were sampled.
Previously sampled core was dispatched to SGS Canada for lab analysis and confirmation. Q2 Metals will report on the results once they are received.
Drilling by the previous operators followed rock chip sampling, which returned grades over 1% lithium oxide and highlighted the presence of six mineralised zones.
Results of drilling confirmed a strike length of roughly 220m which remains open in both directions and down-dip.
The first three holes were drilled towards the south and are interpreted to have undercut a mineralised pegmatite which is dipping to the south. However, the holes did not intersect any outcrops that were observed from surface.
Limited follow up drilling intersected multiple spodumene-bearing pegmatites from surface, including hole CS-23-05 which returned 115.4m @ 1.21% lithium oxide.
Hole CS-23-05 ended in the mineralised pegmatite due to drill rig issues and was followed up with another hole at a shallower dip, which uncovered lithium oxide grades up to 1.27%.
Results of both holes from the same pad leads the company to believe that the pegmatite is dipping to the south and that the intervals are potentially the near true thickness of the mineralised pegmatite.
Q2 Metals notes additional drilling will need to be undertaken to confirm this theory.
The company says the remainder of the project remains largely unexplored for lithium, and believes there may be more than one prospective greenstone belt on the property.
“While we eagerly await access to the property, the team has been busy in the background reviewing the data and preparing for an exciting summer in the field,” says Q2 Metals CEO Alicia Milne.
Q2 Metals acquired the Cisco property in February 2024 after entering into three individual option agreements which gave it the exclusive right and option to acquire 100% of three mineral claims.
Milne said at the time that adding the Cisco property to the company’s portfolio was a “game-changer” for Q2 Metals.
Shares in Q2 Metals closed on 2 May 7.55% higher at C$0.28 each.
The Cisco property comprises 222 mineral claims and covers a total area of 11,374 hectares. It sits less than 10km east of the Billy Diamond Highway and is about 150km north of the township of Matagami, which contains the closest rail link to much of the James Bay region.
Q2 Metals is a Canadian mineral explorer which currently holds a 100% ownership in the Mia Lithium property and the Cisco property.
Write to Adam Drought at Mining.com.au
Images: Q2 Metals
