Highlights:
- Four (4) drill holes from the 2025 infill drill program with strong analytical results are reported herein:
- CS25-040: 12 separate intervals, including 95.1 metres (“m”) at 1.56% Li2O, 81.9 m at 1.56% Li2O and 66.5 m at 1.26% Li2O;
- CS25-041: seven (7) separate intervals, including 53 .9 m at 1.53% Li2O, 54.0 m at 1.21% Li2O and 41.2 m at 1.31% Li2O;
- CS25-042: 16 separate intervals, including 32.7 m at 1.56% Li2O, 26.5 m at 1.53% Li2O, 26.3 m at 1.47% Li2O, 32.1 m at 1.14% Li2O, and 26.1 m at 1.13% Li2O; and
- CS25-043: 16 separate intervals, including 38.2 m at 1.47% Li2O, 22.2 m at 1.38% Li2O and 21.4 m at 1.52% Li2O.
- CS25-040: 12 separate intervals, including 95.1 metres (“m”) at 1.56% Li2O, 81.9 m at 1.56% Li2O and 66.5 m at 1.26% Li2O;
- Assays are pending on more than 20 drill holes, including CS25-044 which intercepted 457.4 m of continuous spodumene pegmatite.
- Four (4) drill rigs continue to operate on the Cisco Project, primarily focused on infill-scale drilling within the main mineralized zone, supporting the Company’s efforts to deliver an initial inferred Mineral Resource Estimate in the first quarter of 2026.
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report assay results from the ongoing 2025 drill program (the “2025 Drill Program”) at the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.
The primary focus of the fall and winter drilling campaign is on infill-scale drilling within the main mineralized zone defined by the Exploration Target (the “Mineralized Zone”), issued by the Company in July 2025. The Exploration Target estimated a range of potential lithium mineralization at the Mineralized Zone of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O and was based only on the first 40 holes drilled. An Exploration Target is used to provide a conceptual estimate of the potential quantity and grade of a mineral deposit, based on known and additional limited geological evidence. It is an early-stage assessment that will help to guide further exploration, but it is not a mineral resource or mineral reserve and should not be treated as such.
The drill campaign has been designed to support the Company’s objective of delivering an initial inferred Mineral Resource Estimate in the first quarter of 2026. Drilling at the Cisco Project is ongoing, with four (4) drill rigs currently operating on site.
“The recent infill drilling results further demonstrate the consistency and robustness of the Mineralized Zone at the Cisco Lithium Project. 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. To date, we have completed a total of 27,295 metres over 67 holes and continue to see encouraging results,” said Neil McCallum, Vice President of Exploration for Q2 Metals.
The analytical results reported herein represent 2,211.7 m of drilling over four (4) drill holes completed during the 2025 Drill Program. Pegmatite intervals and analytical results from the current program will be reported as they are received and reviewed.
Figure 1. Map of Recent Drill Holes with Analytical Results at Cisco Property
Figure 2. Cross-Section B
Table 1. Summary of Analytical Results of Drill Holes CS25-040, 041 and 042 at Cisco Project
All intervals of greater than 2 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 3 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.
Drill Hole Collar Information
The summary of drill holes CS25-040, CS25-041 and CS25-042, including basic location and dip/azimuth, is detailed below (Table 2).
Table 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-040, CS25-041 and CS25-042)
Sampling, Analytical Methods and QA/QC Protocols
All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li2O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.
A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.
Qualified Person
Neil McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2.
Upcoming Events
Members of the Q2 team will be attending the Mines & Money Resourcing Tomorrow conference being held in London, UK from December 2-4, 2025.
ABOUT Q2 METALS CORP.
Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The known mineralized zone at Cisco is just 6.5 km from the Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately 150 km to the south.
The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O, based only on the first 40 holes drilled. It is noted that the potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101. It is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
The 2025 Exploration Program is ongoing, prioritizing infill drilling towards an initial mineral resource estimate expected in Q1 2026. Expansion and exploration drilling continues at the main zone, which remains open at depth and along strike, as well as at high potential targets identified across the broader 41,253 hectare project area.
