Exploration Target Overview of the Cisco Lithium Project
Highlights
- The initial Exploration Target estimates a potential 215 to 329 million tonnes of lithium mineralization at the Cisco Project, achieving grades of 1.0% to 1.38% Li2O.
- This estimate relies on data from the first 40 drilled holes.
- Ongoing drill testing is revealing mineralization both at greater depths and along strikes, indicating significant expansion potential in the Cisco Mineralized Zone.
- The Summer Program's 2025 activities are in full swing, with projected assay results expected by the third quarter of 2025 as the Company pursues its initial resource estimate.
- This Exploration Target was finalized by BBA Inc., a respected independent geological firm, and is based on the exploration undertaken to date.
Located in the greater Nemaska territory, the Cisco Lithium Project from Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) signifies a noteworthy milestone in lithium exploration. The range of estimated mineralization highlights the significant lithium potential identified during early assessments.
The estimated range of possible mineralization and grade amounts to 215 to 329 million tonnes, with grades of 1.0% to 1.38% Li2O. The initial results provide a vibrant inception for ongoing exploration initiatives.
Table 1: Exploration Target for Cisco Mineralized Zone
It is crucial to note that the potential quantity and grade of this Exploration Target are conceptual at this stage. Insufficient exploration has been carried out to confidently define a Mineral Resource as stipulated in the National Instrument 43-101 (NI 43-101), leading to uncertainty whether subsequent explorations will delineate a Mineral Resource.
In essence, an Exploration Target serves as a conceptual approximation for the possible quantity and grade of a mineral deposit, informed by both existing evidence and geological insights. This preliminary assessment provides vital guidance for ongoing explorations but does not constitute a mineral resource or reserve.
Current Project Developments
The Exploration Target encompasses the main mineralized zone, which has been surveyed through 40 drilled holes extending a total of 16,167.8 metres. Continuous development remains focused specifically on this Mineralized Zone, which shows vast potential beyond the initial estimates. Additional geological opportunities lie beyond this zone, hinting at the capacity to further enhance the lithium reserves at Cisco.
Noteworthy geological formations include a large, well-mineralized CO2 outcrop, estimated at approximately 30 metres wide by 80 metres long, which remains unconfirmed by drilling. There are also other promising areas identified to the east and south of the Mineralized Zone.
Insights from Company Leadership
“This Exploration Target signifies an essential milestone for Q2 and underscores Cisco as a globally significant hard rock lithium find,” stated Alicia Milne, President and CEO of Q2 Metals. “With its strategic location in the James Bay Lithium District and proximity to key transport routes, including the Billy Diamond Highway and rail access at Matagami, Cisco is positioned as an ideal development candidate. We are eager to further expand and progress the Cisco Project to create shareholder value.”
Additionally, Neil McCallum, Q2's VP of Exploration emphasized, “The limited scope of this Exploration Target, defined solely within the current Mineralized Zone, highlights both the substantial potential scale and grade of the Cisco Project. The Mineralized Zone is open for exploration both at greater depths and along its expanse, with continued drilling in the Summer Program aimed at updating this Exploration Target to be compliant with NI 43-101.”
Community Engagement and Methodology
To bolster its exploration efforts, Q2 Metals Corporation engaged BBA Inc., an expert in geological and engineering consulting, for a comprehensive review of exploration works completed to date at the Cisco Project. This review forms the foundation for the reported Exploration Target in alignment with NI 43-101 standards.
The methodology by BBA Inc. includes the analysis of:
- 40 diamond core drill holes covering 16,167.8 metres;
- 7,358 assay results from drills;
- 156 rock chip samples;
- Extensive geological surveys;
- Meticulous topographical mapping; and
- Data on specific drill hole segments, forming a holistic view of the mineralization.
The Mobilization of pegmatite-specific gravity measurements, alongside advanced 3D modeling of the geological areas examined, contributes to the estimations presented. Each pegmatite domain is assessed by matching average SG metrics with assay results, enabling an initial approximation of tonnage and grade, with adjustments made for potential uncertainties in mineralization.
About Q2 Metals Corp.
Q2 Metals is primarily engaged in the exploration of mineral resources, notably focusing on lithium at the Cisco Lithium Project. Encompassing 801 claims over a 41,253 hectare area, the Cisco Project lies conveniently close to essential transport routes, including the Billy Diamond Highway. The anticipated results from the summer exploration program will contribute substantially to understanding Cisco's potential.
The Cisco Project has already revealed promising results from initial drilling, citing remarkable lithium intersections. Results such as 120.3 metres at 1.72% Li2O demonstrate the promising scope of the current exploration endeavor.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Alicia@Q2metals.com
Jason McBride
Investor Relations Manager
Jason@Q2metals.com
Chris Ackerman
Corporate Development
Chris@Q2metals.com
Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com
Frequently Asked Questions
What is the Cisco Lithium Project?
The Cisco Lithium Project is a renewable energy resource exploration project currently being developed by Q2 Metals Corp, focused on lithium mineralization in Quebec.
What are the findings of the initial exploration target?
The initial exploration target estimates between 215 and 329 million tonnes of lithium mineralization, with grades ranging from 1.0% to 1.38% Li2O.
Who conducted the exploration target assessment?
The assessment was conducted by BBA Inc., an independent geological and engineering consulting firm.
When will results from the ongoing drilling be available?
The rolling assay results are expected to be available by Q3 2025.
How can investors contact Q2 Metals Corp?
Investors can contact Q2 Metals through their CEO Alicia Milne or the Investor Relations Manager Jason McBride via their official email addresses.
