Highlights:
- Assay results of the remaining 10 drill holes from the 2025 Winter Program at the Cisco Lithium Project with strong analytical results are reported herein, including:
Southern Extension Testing
- CS25-029: Eight (8) separate intervals, the widest being 26.5 m of 1.25% Li2O.
- CS25-031: Five (5) separate intervals, the widest being 33.9 m at 1.19% Li2O.
- CS25-033: Three (3) separate intervals, the widest being 27.3 m at 1.39% Li2O.
Infill and Eastern Boundary Testing
- CS25-028: Eight (8) separate intervals, the widest being 49.4 m of 1.33% Li2O.
- CS25-030: Three (3) separate intervals, the widest being 52.7 m at 0.83% Li2O.
- CS25-036: Nine (9) separate intervals, the widest being 64.3 m at 1.34% Li2O.
- BBA Engineering Ltd. has been engaged to generate an Exploration Target on the main mineralized area of the Cisco project under National Instrument 43-101 section 2.3(2)1.
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) ("Q2" or the "Company") is pleased to report the remaining assay results from the Winter 2025 drill program (the "2025 Winter Program") at the Company's Cisco Lithium Project (the "Project" or the "Cisco Project"), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.
A total of 6,980 metres ("m") was drilled over 14 drill holes during the 2025 Winter Program at the Cisco Project, with the analytical results reported herein representing 4,409 m of drilling over the latter 10 holes.
Complete highlighted intervals from drill holes CS25-028 to CS25-037 are represented in Figures 1 and 2 and summarized in Table 1.
"We are very pleased with the final results from these broad step-out holes, which have not only intercepted significant width and grade, but generated key information that will inform subsequent drill campaigns. Cisco continues to deliver and is taking shape as a globally significant discovery in one of the world's top mining jurisdictions," said Alicia Milne, Q2 Metals CEO and President. "We look forward to commencing work on an Exploration Target, which will provide early guidance as to Cisco's potential scale, grade range and relative position among major hard rock lithium projects."
"Q2 is shaping up to have a busy summer at Cisco. Crews are currently in the field mapping and sampling, and our first drill collar is expected next week," said Neil McCallum, Q2 Metals Vice President of Exploration. "The information collected over several drill campaigns is being reviewed by consultants, BBA Engineering, who are developing an Exploration Target designed to quantify the potential of the main mineralized zone at Cisco. Additionally, three composite samples are undergoing testing by SGS to understand the potential for Heavy Liquid Separation processing capabilities."
Hole CS25-028 tested the eastern portion of the main mineralized zone and provided additional information in that area. Combined with the other holes drilled to the east, the zone remains open in that direction as well.
Hole CS25-030 targeted the deeper portions of the northern extent of the main mineralized zone and has demonstrated that the zone is open in that direction.
Hole CS25-036 was paused prior to the start of this year's goose-hunting season break and ended before the intended completion depth. Despite this, the objective of the hole was accomplished with several wide pegmatite intervals intercepted that will assist in resolving the geometry of the pegmatite as well as providing guidance on definition-scale drilling. Drilling on this hole will re-commence during the Summer 2025 drill campaign.
Drill holes CS25-029, 031 and 033 targeted the southern extension of the main mineralized zone. With the 200-metre spacing, and only a few holes per section line, wide (>100 metre) pegmatite intervals were not intercepted. While it is expected that the wide pegmatite intervals are present, additional testing work is required. It is noted that the pegmatite intervals are deeper in the drill holes at the south and further work will be carried out during the Summer 2025 exploration season to test the potential up-dip location of the pegmatite towards the west. In summary, the main zone remains open to the south.
Drill holes CS25-032, 034, 035 and 037 were drilled to define the subsurface expression of the prominent mineralized CO2 outcrop. Additional work is needed to follow up this area as several potential orientations have not yet been tested.
As demonstrated by the long section in Figure 2, the mineralization is open to the northeast and southwest. Additional drill testing to be conducted during the upcoming Summer 2025 drill program will be designed to expand upon the strike length of the mineralization and to continue with infill drilling.
Figure 2. Long Section of all drill holes of the main zone at Cisco
Table 1. Summary of Analytical Results of Drill Holes CS25-028 to CS25-037 at Cisco Project
All intervals of greater than 2 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 5 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.
Drill Hole Collar Information
The summary of drill holes CS-25-028 to CS-25-037, including basic location and dip/azimuth, is detailed below (Table 2).
Table 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-028 to 037)
Exploration Target Engagement
Q2 Metals has engaged BBA Engineering Ltd., a consultant independent of the Company, for the purposes of completing an Exploration Target ("ET") for the Cisco Project. The ET will serve to set the expectation of the potential of the main mineralized zone at Cisco with the goal to provide a conceptual estimate of the potential quantity and grade of a mineral deposit, based on known and additional limited geological evidence. It is an early-stage assessment that will help to guide further exploration, but it is not a resource or reserve and should not be treated as such.
Ongoing Exploration Program
A detailed mapping and sampling campaign of the 41,253-hectare Cisco Project was initiated in May 2025 and is ongoing. To date, 348 rock samples have been collected from the Cisco Project and analytical results are expected in the coming weeks. Several pegmatite intrusions have been sampled and although no visible spodumene was encountered, the results are expected to guide additional follow up by focusing on areas with anomalous trace-element geochemistry such as rubidium, cesium or tantalum. The field work is expected to continue through the summer.
Figure 3. Geologist Mapping and Sampling on the Cisco Project During the Summer 2025 Exploration Program
Upcoming Events
Fastmarkets 17th Lithium Supply and Battery Raw Materials Conference
Q2 will be attending the Fastmarkets 17th Lithium Supply and Battery Raw Materials Conference in Las Vegas, Nevada from June 23-26, 2025.
