Infill drilling by Q2 Metals (TSXV: QTWO; US-OTC: QUEXF) at its Cisco project in north-central Quebec has returned results as high as 1.56% lithium oxide (Li2O) across numerous intersections.
Highlight hole CS25-040 cut 12 separate intervals, with the strongest at 95.1 metres grading 1.56% Li2O from 464 metres depth, including 82 metres at 1.56% Li20 and 66.5 metres grading 1.26% Li2O, Q2 reported Monday.
“The recent infill drilling results further demonstrate the consistency and robustness of the Mineralized Zone at the Cisco Lithium Project,” Q2 Vice President of Exploration Neil McCallum said in a release. “Since commencing our infill drill program, we have tightened our drill spacing to an average of 125 metres as we prepare our initial inferred Mineral Resource Estimate.”
Lithium region
The latest results follow some of the company’s best-ever intersections reported in September, which one analyst called “world class.”
Located in the Eeyou Istchee James Bay region, Cisco sits along the area’s southern corridor with other lithium projects including Nemaska Lithium’s Whabouchi site, Rio Tinto’s (NYSE, ASX, LSE: RIO) James Bay project and Critical Elements’ (TSXV: CRE; US-OTC: CRECF) Rose. Q2 plans to release its initial resource for Cisco in the first quarter of 2026.
Other important drill results include hole CS25-041 that intersected seven separate intervals, the most impressive being 54 metres grading 1.53% and 1.21% Li2O from 213 metres depth and 41.2 metres grading 1.31% Li2O.
Hole CS25-042 cut 16 intervals, the strongest 32.7 metres wide grading 1.56% Li2O from 360 metres depth, including 26.5 metres at 1.53% Li2O and 26.3 metres grading 1.47% Li2O.
The results come from 27,295 metres drilled over 67 holes at Cisco, with 2,212 metres drilled across four holes this year. Drilling continues at the project using four rigs.
Mineralized zone
The fall and winter drilling campaign at Cisco has focused on a mineralized zone inside an exploration target delineated by Q2 in July, which the company estimates has a lithium range of 215 to 329 million tonnes grading between 1% and 1.38% Li2O based on the first 40 holes drilled. That estimation isn’t intended as an official resource, Q2 said.
Q2 shares fell 1.6% to $1.22 apiece on Monday morning in Toronto, valuing the company at $232.3 million. The stock has traded in a 12-month range of 39¢ to $1.35.
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