Management Commentary:
Neil McCallum, Vice President Exploration of Q2 Metals, stated:
"These assays continue to validate the potential and scale of the Cisco Property as that of a larger mineralized system. One important observation of these results is the higher-grade nature of the larger mineralized system as we test and track the system progressing to the south."
Alicia Milne, President and Chief Executive Officer of Q2 Metals, added:
"We are extremely pleased with these assay results, which continue to demonstrate the world-class nature of the Cisco Project. It is difficult to ignore the significance of what we've discovered at Cisco and our team is committed to continuing to unlock Cisco's full potential."
Next Steps & Catalysts:
Q2 Metals awaits results from six additional drill holes completed during the Summer 2024 Campaign. Drill hole CS-24-017 has been resubmitted for testing under QA/QC protocols, with results to be reported upon receipt and review.
These promising results not only enhance the current understanding of the Cisco mineralized system but also pave the way for an initial resource estimate, with additional drilling planned to further delineate the extent of mineralization.
Commodity Outlook:
The results come amid strong lithium demand driven by the global energy transition, with lithium remaining critical for electric vehicle batteries and energy storage systems. Quebec's James Bay region has emerged as a significant lithium district, with multiple advanced projects and supporting infrastructure.
Conclusion:
The latest results from Q2 Metals' Cisco Property showcase significant lithium mineralization. The intercept of 215.6m at 1.69% Li2O is among the most substantial in the region, suggesting potential scale. With six more holes pending and mineralization open in multiple directions, further insights into the project’s scale potential are expected in the coming months.
Sources:
Q2 Metals Drill Results Announcement Link
Additional Figures:
