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Property
Cisco Lithium Property Eeyou Itschee Territory, James Bay, Quebec
The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares (“ha”) in size. It is located less than 10 kilometres (“km”) east of the Billy Diamond Highway, and is approximately 150km north of Matagami, a small town that contains the closest rail link to much of James Bay (Figure 1). 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 130km and 180km away, respectively.
During 2023 and 2024 the Property vendors discovered the lithium zone by collecting 28 rock samples, 21 of which returned over 1.0% Li2O (Figure 2). The results are within a 1.2km by 1.5km area, clustered into six separate mineralized zones.
In the fall of 2023, the Property vendors drilled six drill holes, totaling 1,287 metres (“m”), at one of the six mineralized zones. The drilling confirmed a strike length of approximately 220m and open along strike in both directions and down-dip. The first three drill holes were drilled towards the south and are interpreted to have undercut the mineralized pegmatite that is also dipping to the south, thus did not intersect the large outcrops that were observed from surface.
Limited follow up drilling successfully intersected multiple, wide spodumene-bearing pegmatites from surface (mapped in Figure 2, with complete results in Table 2). Including:
- CS-23-05 consisting of five separate pegmatite intervals with a cumulative 115.4m at 1.21% Li2O.
- CS-23-06 consisting of three separate pegmatite intervals with a cumulative 57.8m at 1.27% Li2O.
- CS-23-04 consisting of a continuous interval of 31.5m at 1.30% Li2O.
Due to drill rig issues, drill hole CS-23-05 ended in mineralized pegmatite and was followed up with hole CS-23-06 at a shallower dip (Figure 4). The result of the two holes from the same drill pad infers that the pegmatite is dipping to the south, and the intervals intersected are possibly the near true thickness of the mineralized pegmatite. Additional drilling will need to be conducted to confirm this theory.
The remainder of the Property is largely unexplored for its lithium potential and there may be more than one prospective greenstone belt on the Property (Figure 3). The Northern, Central and Southern lithium trends are each approximately 21, 13 and 3.5km long, respectively.
Q2 Metals is well-funded and plans to conduct property-wide sampling/mapping, airborne magnetic surveying and LiDAR surveying on the Property. Follow-up drilling at the previously sampled area will also be a high-priority focus of work.