Key Lithium Intercepts Confirmed in Quebec
Q2 Metals has announced impressive results from its 2026 Winter Drill Programme at the Cisco Lithium Project in Quebec, Canada. Key findings include multiple significant lithium intercepts across several drill holes.
Notable results include drill hole CS25-071, which revealed a 264.6-metre intercept at 1.84% Li2O and a 152.9-metre intercept at 1.59% Li2O. Drill hole CS25-074 also showed promising results with a 202.7-metre intercept at 1.58% Li2O and a 96.8-metre intercept at 1.64% Li2O.
Neil McCallum, Vice President of Exploration at Q2 Metals, stated, "The results of this first set of drill results for the 2026 Winter Drill Programme continue to showcase and highlight the robust mineralization of the Cisco Deposit."
Drill hole CS26-077 included four separate intervals with a 78.7-metre intercept at 1.25% Li2O and a 107.8-metre intercept at 1.74% Li2O. Meanwhile, drill hole CS26-078 reported thirteen intervals, featuring a 240.4-metre intercept at 1.60% Li2O.
Further Exploration and Resource Estimates
The Cisco Project, located within the Nemaska traditional territory of Quebec, is reported to have the largest hard rock lithium deposit in the western hemisphere. The current inferred mineral resource estimate outlines a pit-constrained resource of 270 million tonnes grading 1.36% Li2O.
Assays are pending on nine remaining holes drilled during the 2026 Winter Drill Program. The 2026 Summer Drill Programme is set to commence in mid-June with four diamond core drill rigs on site, with plans to add two more mid-summer. This programme aims to convert inferred resources to the indicated category and expand the resource base.
Q2 Metals announced on April 20, 2026, an Inferred Mineral Resource Estimate on the Cisco Project, outlining a pit-constrained resource of 270 million tonnes grading 1.36% Li2O and an underground-constrained resource of 24 million tonnes grading 1.34% Li2O.
A Preliminary Economic Assessment (PEA) led by BBA is underway, expected to be published in the Fall of 2026. This will provide a first economic evaluation of the Cisco Project, incorporating mine plan and processing flowsheet analyses.
Q2 Metals is set to attend several upcoming events, including THE Mining Conference of the North in Quebec City from 1st to 4th June, and the 121 Mining Investment in New York from 15th to 16th June.
