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Q2 Metals collars first hole of drill program at Cisco Lithium Property, James Bay

May 29, 2024

Q2 Metals Corp. has collared the first drill hole of the 2024 inaugural drill program at the Cisco Lithium Property located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec. The detailed mapping and sampling campaign remains ongoing at the Property. 

The Spring 2024 Drill Campaign will test the mineralized zone where the Property vendors drilled and made a discovery in the fall of 2023 (the "Discovery Zone"). The primary objective will be to test for mineralized pegmatite along strike and to define the size and orientation of the Discovery Zone.

The detailed mapping and sampling campaign will provide guidance on the extent of the lithium mineralization at the Discovery Zone and identify other potential target areas on the sizeable primary exploration trend measuring 21 kilometres ("km") long.

About the Cisco Property

The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. It is located less than 10 km east of the Billy Diamond Highway, and is approximately 150 km north of Matagami, a small town that contains the closest rail link to much of James Bay. The Property lies within the greater Nemaska Community lands of the Eeyou Itschee Territory, James Bay, Quebec.

The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

On February 28, 2024, the Company announced it had signed an option agreement which gives the Company the exclusive right and option for the acquisition of a 100% interest in three groups of minerals claims, collectively known as the Cisco Property (the "Transaction"). The Transaction is expected to close in short order.

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