Q2 Metals VP Exploration Neil McCallum joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news the company’s advancing lithium exploration at the Cisco project in the James Bay region of Quebec and the progress toward its first resource estimate.
McCallum explained that the discovery at James Bay is relatively recent, with major exploration momentum building since 2022–2023. With lithium market conditions beginning to strengthen again, the company is now working toward a key milestone: publishing its initial mineral resource estimate.
McCallum said the company has already completed the drilling required for the upcoming estimate, with a data cut-off at the end of December. However, exploration activity continues as Q2 Metals carries out further drilling designed to expand and infill the deposit.
He highlighted encouraging drilling results that have identified high-grade lithium zones. As the drilling grid becomes tighter, these zones are beginning to show continuity across the project area.
“This is a very large target for drilling,” McCallum said, noting that the discovery could rank among the top five to ten hard-rock lithium deposits by size.
The mineralization at the project is hosted in hard-rock pegmatites, which are known for producing high-grade lithium deposits. The James Bay region is also considered a favourable mining jurisdiction thanks to strong geology and existing infrastructure.
According to McCallum, Q2 Metals’ exploration target suggests the initial resource could fall within 250 to 329 million tonnes, which could make it one of the largest lithium resources in the James Bay region.
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