- Q2 Metals has revealed it will be acquiring 100 per cent interest in the Cisco Lithium Property in James Bay, Quebec
- The property includes 222 claims totaling 11,374 hectares and is highly prospective with the potential for multiple large-scale lithium discoveries
- Limited exploration has been done on the property with only six holes drilled
- Shares of Q2 Metals are up 100 per cent to C$0.44 as of 11:14 am ET.
Shares of Q2 Metals (TSXV:QTWO) received a boost Thursday morning after its announcement that it will be acquiring a 100 per cent interest in the Cisco Lithium Property.
Located in James Bay, Quebec, the company stated the Cisco Lithium Property includes 222 claims spanning 11,374 hectares.
Historically, little exploration has been done on the property with only six holes drilled, but it is highly prospective with the potential for multiple large-scale lithium discoveries.
“Adding the Cisco Property with a new discovery and district-scale exploration potential to our current portfolio is a game-changer for Q2 Metals and all of our stakeholders,” Alicia Milne, CEO of the Q2 Metals, said in a statement. “With the notable spodumene intercepts from the work done to date, we believe the property has considerable potential. We have worked with the property vendors in the past and look forward to continuing our relationship with them.”
The Cisco Property is less than 10 kilometres east of the Billy Diamond Highway and is approximately 150 kilometres north of Matagami. Additionally, the property lies within the greater Nemaska Community lands of the Eeyou Itschee Territory, James Bay, Quebec.
During 2023 and 2024, the lithium zone was discovered by collecting 28 rock samples, 21 of which returned more than 1.0 per cent lithium oxide. The results are within a 1.2 kilometre by 1.5 kilometre area, clustered into six separate mineralized zones.
The remainder of the property remains largely unexplored for its lithium potential, and the property might have more than one prospective greenstone belt.
Q2 Metals plans to conduct property-wide sampling/mapping, airborne magnetic surveying and LiDAR surveying on the property.
Q2 Metals is a Canadian mineral exploration company advancing exploration at its Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec.
Shares of Q2 Metals are up 100 per cent to C$0.44 as of 11:14 am ET.
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