Q2 Metals Corp (TSX-V:QTWO, OTCQB:QUEXF) is preparing its first exploration target for the Cisco lithium project in Quebec.
The Vancouver, BC-based company is estimating there could be between 215 and 329 million tonnes of rock containing 1% to 1.38% lithium oxide (Li₂O) at the target.
The target area encompasses the project’s main mineralized zone, based on previous drilling totaling 16,0000 metres.
“This exploration target represents a major milestone for Q2 and cements Cisco as a globally significant hard rock lithium discovery,” Alicia Milne, Q2 Metals CEO said in a statement.
The Cisco Project covers 801 claims, or 41,253 hectares, with the main area of mineral deposits located just 6.5 km from the Billy Diamond Highway, which runs through the property.
“Cisco’s location within the James Bay Lithium District, including proximity to the all-season Billy Diamond Highway and, most notably, rail at the nearby town of Matagami, make it an ideal candidate for a development scenario,” Milne added.
Vice president of exploration Neil McCallum said the target was constrained to the currently defined mineralized zone and did not include several promising outcrops and targets outside the area, suggesting room for significant expansion.
“The Mineralized Zone remains open at depth and along strike, and with only 40 holes drilled so far, there is potential for significant expansion,” McCallum told investors.
Q2 is continuing its 2025 summer drilling program, focused on infill drilling to support a future inferred mineral resource estimate.