Latest news with #mineralization
Yahoo
6 hours ago
- Business
- Yahoo
Gold Hart Copper First Diamond Drill Hole at Tolita Asset Intercepts 360m of Gold Copper & Molybdenum Mineralization
First Drill Hole Confirms Presence of Porphyry & Finishes in Mineralization Toronto, Ontario--(Newsfile Corp. - July 22, 2025) - Gold Hart Copper Corp. (TSXV: HART) (the "Company", "Gold Hart", or "HART") is pleased to announce the results of the first diamond drill hole (DDHTOL02) at its flagship Tolita gold-copper-molybdenum property in the Vicuña District of Chile. Gold Hart's first diamond hole encountered long porphyry-style mineralization typical of the Vicuña District, including near continuous gold, copper, and molybdenum intercepts from approximately 137m until the end of the drill hole at 610m (473m) except for a sterile zone surrounding a potentially significant fault zone of 150m. Specifically, Gold Hart intercepted 203.5m of 0.25g/t gold equivalent from 137.5m, including a higher grade zone of 67m at 0.38g/t gold equivalent. Later in this same hole, Gold Hart intercepted another 118m of 0.24g/t gold equivalent, including 45.5m at 0.30g/t gold equivalent. The drill hole finished in mineralization. Enrique Viter-Aldunate, Vicuña pioneer and Tolita discoverer commented, "I could not be happier with the first drill hole at Tolita, as 320m+ of 0.24-0.25g/t is highly indicative of a potentially very large gold system. I recall from my personal experience drilling Cerro Casale that the first several holes did not return such an extensive and continuous presence of gold, and of course that asset has now become the largest gold-copper deposit on the continent. In fact, from around 130m to the end of the hole at 610m (nearly 480m), it would appear that there is nearly consistent mineralization except for the 150m sterile zone which we now believe to be a major geological fault. This drill hole has also significantly advanced our geological understanding of the asset, as Dr. Professor Jose Frutos and I now both strongly believe that this fault may have caused the higher-chargeability and higher-conductivity anomaly to land closer to surface on the eastern side of the property, which could potentially host higher grades. I believe this first hole (DDHTOL02) should lay to rest any questions around whether or not Tolita has potential to be a porphyry, because the drill hole clearly proves we intercepted porphyry-style mineralization typical of the Vicuña. Like this first diamond drill hole, all historic RC holes were also drilled into the western side of Tolita; so the eastern side remains completely untested, and drilling the near-surface high-chargeability high-conductivity zone must be priority number one, as was our original plan with DDHTOL01. I am extremely excited about the future as Gold Hart advances further drilling particularly on the eastern side of the asset." "We are thrilled to have encountered such long intervals of gold, copper, and molybdenum particularly so early on in our first drill hole ever at Tolita," stated Isaac Maresky, Co-founder & CEO of Gold Hart. "I am more excited than ever about the potential of Tolita and to continue the drill campaign in September. Now that we have been fortunate enough to return porphyry-style intercepts so early, with good correlation between geophysical anomalies and gold-copper-molybdenum, we can focus on honing in on the top-tier drill targets where we might find grades. Interestingly, the eastern side of the property - totally open and untested - is exactly where the chargeable geophysical anomaly is highest and also where the highest conductive zone overlaps as well." Note: For the purposes of calculating gold equivalent, the following metal prices were utilized: Gold: $3,340.20/oz Copper: $11,180/t Molybdenum: $61,917/t Gold Hart Copper - Second Hole Assay DDHTOL05 Gold Hart hopes to be in a position to report on the results from the second and final hole (DDHTOL05) from its recent ~1,200m campaign in the coming two weeks. To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: About Gold Hart Copper Gold Hart Copper is one of the largest independent land owners surrounding major miners where the famous Maricunga Gold Belt meets the emerging Vicuña Copper Belt in Chile. HART is actively acquiring, exploring and developing its portfolio of gold, copper & silver properties adjacent to the largest gold and copper assets on the continent. In addition to its large land position in the Vicuña District, Gold Hart recently acquired three properties just West on Chile's Paleocene-Eocene Belt on the famous Domeyko Faul, which is home to some of Chile's largest gold, copper, and silver assets including Escondida, Chuquicamata and Collahuasi. The new Gold Hart properties host several historic gold and copper mines with high grades of gold, copper, and silver on surface, with a large alteration and magnetic anomaly extending approximately 6km. HART's team of geologists were personally involved in pioneering exploration in the region, leading to some of its greatest gold, copper, and silver deposits, and include the country's former Geological Survey National Deputy Manager Dr. Professor José Frutos. Specifically, senior Gold Hart geologists were personally involved in the Escondida copper discovery, now the largest copper mine in the world1 controlled by Rio Tinto and BHP, as well as Cerro Casale, the largest gold-copper discovery in Chile2 acquired by Barrick and Newmont (GoldCorp) with 59-million ounces of gold and 12.5-billion pounds of copper. HART has rolled-up a portfolio of historically significant assets surrounding majors, in some cases personally staked by the very same geologists who made the adjacent mega-discoveries, since the early 1990s. Some of the Gold Hart properties have already undergone a first phase of RC drilling, with highly encouraging results of gold, copper, and silver. Gold Hart properties are controlled 100% and not subject to any royalties whatsoever. HART believes it may be sitting on one of the only fully-preserved untested large-scale gold-copper-silver porphyry targets in the Vicuña District - an asset that was first recognized for its uniquely high grades of gold and copper on surface - and staked by one of the Maricunga-Vicuña district's pioneering geologists3 in 1993. Gold Hart Copper is fully funded for its planned drill campaign. To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: About Gold Hart Copper's Tolita Gold-Copper-Silver-Molybdenum Target The Tolita property is a historically significant gold-copper-molybdenum asset which was first recognized and staked in 1993 - by one of the pioneering geologists of the Maricunga-Vicuña district - for its uniquely high grades of gold and copper on surface3. Geochemical surveys revealed gold, copper, silver, and molybdenum anomalies, which led to trenching. Tolita has had significant trenching (5,600m / 5.6km) with the highest grade trench returning grades up to 52g/t gold equivalent including 4% copper. Tolita has undergone helicopter mag surveys which identified 4 unique anomalies as well3. In 1996, a third party company optioned the property and drilled 3 short 200m RC holes, without any geophysics, and yet still hit gold and copper in all 3 holes, including long intercepts of gold and copper (150m and 164m, respectively) close to surface in 2 of the 3 holes. At the time, gold was approximately $300/oz and copper traded below $1.00/lb, and large scale sulphide / porphyry deposits with both gold and copper were often considered less favorable than smaller scale gold-only oxide deposits. As a result, and due to general market sentiment for junior exploration companies in 1997-1998, Tolita was only drilled to a depth of 200m with 3 short RC holes (out of a planned 8 hole campaign)3. When Gold Hart acquired the property, a full geophysical survey was conducted by a recognized geophysics firm, and a large high-chargeability and conductive anomaly was discovered that is near surface and almost 2.5km2 in size and "interpreted as a copper-gold or gold-copper porphyry system that certainly warrants additional exploration and drilling4". Gold Hart Copper has therefore launched diamond drilling and is fully funded for this planned campaign. References & Notes: Escondida is the largest copper mine globally, as defined by producing the greatest number of copper tonnes per annum. Numbers sourced directly from property owner's website and public filings. Norte Abierto is considered the largest gold asset in Chile as defined by hosting the largest number of total gold ounces. Numbers sourced directly from property owner's website and public filings. Please refer to the Company's NI 43-101 Technical Report on Sedar for information pertaining to Gold Hart Copper's properties including historical exploration at Tolita, including but not limited to, the history of the asset and its original staking, geochemical surveys, trenching surveys, helicopter magnetic surveys, and historical RC drilling. Geophysical survey is summarized in the Company's NI 43-101 Technical report available on Sedar. Such geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. HART | Gold Hart Copper Corporation - Social Media Channels LinkedIn: X / Twitter: Youtube: Instagram: Qualified Person The technical information contained in this news release related has been reviewed by Mr. Jonathan A. Warner, Executive Vice President of Gold Hart Copper and a Qualified Person within the meaning of NI 43-101. For further information please contact: Gold Hart Copper B. MareskyChief Executive Officer and DirectorEmail: im@ Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's listing statement dated March 14, 2025, a copy of which is available on SEDAR+ ( under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
7 hours ago
- Business
- Globe and Mail
Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the ' Company" or " Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: ' These new results underscore the overall large-scale potential of mineralization at Gaspé Copper, with drill hole 1082 cutting 853 metres of continuous mineralization, including the bottom 424 metres being located immediately below and outside the 2024 MRE model. Furthermore, drill hole 1088 intersected new mineralization 80 metres southwest of the 2024 MRE model, emphasizing the excellent potential for increasing the size of the known deposit at depth and to the south. ' Significant new analytical results are presented below (see Table 1) and include 35 mineralized intercepts from ten drill holes. Infill intercepts are all located inside the 2024 Mineral Resource Estimate model ('MRE', see November 14, 2024 news release), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are all located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as 'Both**'). Maps showing hole locations are available at Highlights: Drill hole 30-1082 853.5 metres averaging 0.20% Cu (infill and expansion) 147.5 metres averaging 0.19% Cu (infill) Drill hole 30-1089 645.0 metres averaging 0.28% Cu (infill and expansion) 91.5 metres averaging 0.21% Cu (infill) Drill hole 30-1083 427.5 metres averaging 0.26% Cu (infill and expansion) 153 metres averaging 0.18% Cu (infill) Drill hole 30-0974 351.0 metres averaging 0.20% Cu (expansion) 295.5 metres averaging 0.29% Cu (infill) Drill hole 30-1087 334.5 metres averaging 0.23% Cu (infill) 74.5 metres averaging 0.62% Cu (expansion) Drill hole 30-1094 227.5 metres averaging 0.26% Cu (infill) 49.9 metres averaging 0.24% Cu (expansion) Drill hole 30-1088 122.7 metres averaging 0.24% Cu (expansion) 79.5 metres averaging 0.31% Cu (expansion) Drill hole 30-1091 42.6 metres averaging 1.14% Cu (expansion) 210 metres averaging 0.21% Cu (infill) Table 1: Infill and Expansion Drilling Results DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type 30-0974 6.0 301.5 295.5 0.29 1.88 <0.005 0.30 Infill And 322.5 673.5 351.0 0.20 1.72 0.017 0.27 Expansion And 733.5 781.5 48.0 0.32 2.00 <0.005 0.33 Expansion 30-1082 21.0 69.0 48.0 0.19 1.46 <0.005 0.20 Infill And 112.0 259.5 147.5 0.19 1.86 <0.005 0.20 Infill And 286.5 1140.0 853.5 0.20 1.43 0.023 0.30 Both** (including) 286.5 716.0 429.5 0.20 1.52 0.020 0.28 Infill (including) 716.0 1140.0 424.0 0.21 1.33 0.026 0.32 Expansion 30-1083 65.0 101.0 36.0 0.22 1.78 <0.005 0.23 Infill And 138.0 174.0 36.0 0.15 1.66 <0.005 0.16 Infill And 202.5 355.5 153.0 0.18 1.56 0.011 0.31 Infill And 388.5 816.0 427.5 0.26 1.54 0.021 0.35 Both** (including) 388.5 488.0 99.5 0.31 1.90 0.025 0.42 Infill (including) 488.0 816.0 328.0 0.24 1.43 0.020 0.32 Expansion And 846.0 900.0 55.5 0.16 1.34 0.006 0.19 Expansion 30-1087 13.8 54.0 40.2 0.17 1.82 <0.005 0.18 Infill And 78.0 412.4 334.5 0.23 1.93 0.011 0.28 Infill And 447.0 521.5 74.5 0.62 3.19 0.004 0.65 Expansion And 550.2 598.5 48.3 0.36 2.83 0.013 0.43 Expansion 30-1088 69.0 111.0 42.0 0.32 2.20 <0.005 0.33 Expansion And 139.5 262.2 122.7 0.24 2.63 <0.005 0.25 Expansion And 445.0 524.3 79.5 0.31 2.19 0.005 0.34 Expansion 30-1089 5.2 96.0 91.5 0.21 1.54 <0.005 0.22 Infill And 211.5 235.5 25.5 0.13 1.54 0.006 0.14 Infill And 268.5 294.0 27.0 0.16 1.54 <0.005 0.14 Infill And 319.5 964.5 645.0 0.28 1.46 0.023 0.37 Both** (including) 319.5 567.8 248.3 0.26 1.65 0.023 0.36 Infill (including) 567.8 964.5 396.7 0.30 1.34 0.023 0.40 Expansion 30-1091 5.5 28.5 23.0 0.50 6.62 <0.005 0.54 Infill And 109.5 135.0 25.5 0.13 1.35 <0.005 0.14 Infill And 169.5 379.5 210.0 0.21 2.10 <0.005 0.22 Infill And 408.0 446.0 38.0 0.22 1.50 0.013 0.28 Expansion And 540.4 583.0 42.6 1.14 5.86 0.009 1.20 Expansion 30-1093 14.0 126.0 112.0 0.25 2.73 <0.005 0.26 Infill And 346.0 373.5 27.5 0.13 1.19 <0.005 0.14 Expansion And 576.5 643.5 67.0 0.20 2.13 <0.005 0.21 Expansion And 714.8 738.7 23.9 0.50 4.57 <0.005 0.53 Expansion And 811.5 834.4 22.9 0.48 5.40 <0.005 0.51 Expansion 30-1094 8.0 235.5 227.5 0.26 2.11 <0.005 0.27 Infill And 268.5 325.5 57.0 0.13 1.33 0.020 0.21 Infill And 388.5 414.5 26.0 0.49 3.00 0.008 0.54 Expansion And 511.1 561.0 49.9 0.24 1.99 <0.005 0.25 Expansion * Please see explanatory notes below on copper equivalent values and Quality Assurance / Quality Control. ** 'Both' indicates these drill holes have contiguous shallower infill as well as deeper expansion intercepts. Discussion Drill hole 30-0974 was an extension of a shallow (300 m) hole drilled in 2019, located near the southwestern margin of the 2024 MRE model. It returned 295.5 metres averaging 0.29% Cu and 1.88 g/t Ag (infill) followed by a second intercept of 351.2 metres averaging 0.20% Cu and 1.72 g/t Ag (expansion) and a third deeper intercept of 48.0 metres averaging 0.32% Cu and 2.00 g/t Ag (expansion), extending mineralization to a vertical depth of 780 metres. Drill hole 30-1082, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 48.0 metres averaging 0.19% Cu and 1.46 g/t Ag (infill), followed by a second intercept of 147.5 metres averaging 0.19% Cu and 1.86 g/t Ag (infill), followed by a third deeper intercept of 853.5 metres averaging 0.20% Cu, 1.43 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 424.0 metres averaging 0.21% Cu, 1.33 g/t Ag and 0.026% Mo. This hole extends mineralization near the centre of the deposit to a vertical depth of 1140 metres. Drill hole 30-1083, located in the south-central part of the 2024 MRE model, intersected two short 36 metre-long mineralized zones followed by 153.0 metres averaging 0.18% Cu and 1.56 g/t Ag (infill), followed by a deeper intercept of 427.5 metres averaging 0.26% Cu, 1.54 g/t Ag and 0.021% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 328.0 metres averaging 0.24% Cu, 1.43 g/t Ag and 0.020% Mo. This was followed by a final intercept of 55.5 metres averaging 0.16% Cu and 1.34 g/t Ag. This hole extends mineralization to a vertical depth of 900 metres. Drill hole 30-1087, located in the south-central part of the 2024 MRE model, intersected a short 40 metre-long mineralized zone followed by 334.5 metres averaging 0.23% Cu, 1.93 g/t Ag and 0.011% Mo (infill). This was followed by 74.5 metres averaging 0.62% Cu and 3.19 g/t Ag and then by another 48.3 metres averaging 0.36% Cu and 2.83 g/t Ag (both expansion), extending mineralization to a vertical depth of 598 metres. Drill hole 30-1088, located 80 metres outside the southwestern limit of the 2024 MRE model, intersected 42.0 metres averaging 0.32% Cu and 2.20 g/t Ag followed by 122.7 metres averaging 0.24% Cu and 2.63 g/t Ag. A third intersection at depth comprised 79.5 metres averaging 0.31% Cu and 2.19 g/t Ag (all expansion). Previously undocumented mineralization in this sector reached a vertical depth of 524 metres. Drill hole 30-1089, located in the south-central part of the 2024 MRE model, intersected 91.5 metres averaging 0.21% Cu and 1.54 g/t Ag (infill), followed by two short 26 to 27 metre-long mineralized zones, followed by 645.0 metres averaging 0.28% Cu, 1.46 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 396.7 metres averaging 0.30% Cu, 1.34 g/t Ag and 0.023% Mo. This hole extends mineralization to a vertical depth of 965 metres. Drill hole 30-1091, located in the southeastern part of the 2024 MRE model, intersected two short 23 to 26 metre-long mineralized zones, followed by 210.0 metres averaging 0.21% Cu and 2.10 g/t Ag (infill). This was followed by 38.0 metres averaging 0.22% Cu and 1.50 g/t Ag and then by another 42.6 metres averaging 1.14% Cu and 5.86 g/t Ag (both expansion), extending mineralization to a vertical depth of 583 metres where the hole was stopped in an open stope of historical E Zone mining operations. Drill hole 30-1093, located near the southeastern margin of the 2024 MRE model, intersected 112.0 metres averaging 0.25% Cu and 2.73 g/t Ag (infill), followed by four short 23 to 67 metre-long mineralized zones (all expansion), which extended mineralization to a vertical depth of 834 metres. Drill hole 30-1094, located near the southern limit of the 2024 MRE model, intersected 227.5 metres averaging 0.26% Cu and 2.11 g/t Ag (infill), followed by 57.0 metres averaging 0.13% Cu and 1.33 g/t Ag (infill), followed by two short 26 to 50 metre-long mineralized zones (both expansion), which extended mineralization to a vertical depth of 561 metres. Mineralization occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedded replacement mineralization, which is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization (see May 6, 2024 MRE press release). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 MRE press release). The current drill program is designed to convert of the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026. All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) and the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization. Table 2: Drill hole locations DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation 30-0974 42 -88 501.0 316178.9 5425842.2 585.3 30-1082 0 -90 1161.0 316097.0 5426259.0 754.8 30-1083 0 -90 930.0 316300.0 5426004.9 642.3 30-1087 0 -90 770.5 316411.0 5425787.0 583.7 30-1088 0 -90 654.0 316100.0 5425613.0 570.6 30-1089 0 -90 1032.0 316273.8 5426098.5 686.9 30-1091 0 -90 583.0 316500.0 5425897.0 608.1 30-1093 0 -90 849.0 316687.0 5425707.0 577.5 30-1094 0 -90 720.0 316178.9 5425842.2 720.0 Explanatory note regarding copper-equivalent grades Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum and US$24/oz silver; 3) estimated recoveries of 92%, 70% and 70% for Cu, Mo and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7% and 75.0% for Cu, Mo and Ag respectively. Qualified Person The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). Quality Assurance / Quality Control Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are reported unless indicating significantly higher grades. True widths are estimated at 90 – 92% of the reported core length intervals. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag. About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Don Njegovan, President Email: info@ Phone: (416) 500-4129 Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", 'management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Yahoo
a day ago
- Business
- Yahoo
Abitibi Metals Expands Mineralization with Successful Step-Out Drilling at B26 Deposit
Highlights: Hole 1274-17-269-W1b intersected 20 metres of strong VMS style mineralization 80 metres beyond current resource boundary. Visual observations (refer to Figure 1) confirm the presence of copper stringers and mineralization in key growth corridors; assays pending. A total of six holes completed, and 4,829 metres drilled to date in Phase 3, with two rigs active and 15,171 metres remaining. London, Ontario--(Newsfile Corp. - July 21, 2025) - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to report on the progress of its ongoing Phase 3 drill program at the B26 Polymetallic Deposit in Québec. Drilling has successfully intersected mineralization outside the current Mineral Resource Estimate ("MRE"), confirming expansion potential in multiple directions. The Company currently owns 50% of the B26 Deposit and retains the option to earn an additional 30% from SOQUEM Inc. ("SOQUEM"), a subsidiary of Investissement Québec (see news release dated November 16, 2023). As of this release, six holes have been completed in Phase 3 and a total of 4,829 metres drilled to date (This includes the holes drilled prior to breakup). Two drill rigs remain active on site, testing high-priority expansion zones across the western, down-plunge, and southeastern extensions of the B26 mineralized system. "What's particularly exciting is the volume of high-grade mineralization sitting outside the current resource model," added Jonathon Deluce, CEO of Abitibi Metals. "The holes being drilled in this phase 3 program have the potential to rapidly convert the open zones into a new phase of resource growth - and that's where a company value re-rating begins. It's also important to highlight that results from our Phase 2 drill program were not included in the recent resource update, underscoring the additional future upside for Abitibi Metals." CEO Update - Video Cannot view this video? Visit: Drilling Update at B26 Deposit: Abitibi has completed several key step-out holes designed to test the boundaries of the current resource model. Visual analysis of core indicates strong mineralization in multiple holes. Notable Highlights include: 1274-17-269-W1b: Intersected a mineralized zone approximately 80 metres beyond the existing MRE, representing a meaningful step-out and validating continued growth potential. This hole encountered a heavily mineralized interval of 6.6 metres from 993.0 within a broader 17.4-metre mineralized package between 982.2 and 999.6 metres downhole; assays are pending. 1274-17-269-W2b: Currently in progress, targeting an additional 80-metre step-out from hole 1274-24-338W1 in the eastern extension, aimed at following up on previously intersected mineralization 1274-25-368: Currently in progress, targeting an additional 160-metre step-out from hole 1274-16-234 in the eastern extension, aimed at following up on previously intersected mineralization. 1274-25-367: Drilling has been completed with core processing in progress, targeting an additional 80-metre step-out from hole 1274-14-182 in the eastern extension, aimed at following up on previously intersected Figure 1: Copper stringers mineralization observed in Hole 1274-17-269W1b To view an enhanced version of this graphic, please visit: Figure 2: B26 Long Section with Holes Completed To view an enhanced version of this graphic, please visit: B26's Expansion Potential: With over 1.8 km of strike length and excellent vertical continuity, the 2024 mineral estimate of B26 outlines a global resource of 11.3MT @ 2.13% Cu Eq (indicated) & 7.2MT @ 2.21% Cu Eq (inferred). However, as the current drilling demonstrates, the system remains open in multiple directions, providing the opportunity to significantly grow current resources, positioning Abitibi Metals as one of the most compelling copper growth stories in Canada. Strategic Focus of Phase 3 Program: With up to 17,500 metres planned in Phase 3, drilling is focused on multiple targets as outlined in the recently released long section: Western Extension: Multiple holes are testing the western strike of high-grade Cu-Au lenses, targeting continuity up to several hundred metres beyond the current model. Eastern Extension: Six holes to test the eastern extension of the deposit in the vicinity of the N-S diabase dyke Down-Plunge Growth: Deeper drilling aims to extend the interpreted plunge of the Cu-Au system with potential additional high-grade lenses at depth. Southeastern Gravimetric Anomaly: A large untested geophysical target southeast of the main zone, situated along the plunge vector, is now being drilled and may represent a blind lens and have the potential for a massive extension of the mineralized system. Central Zone Step-Outs and Infill: Holes are designed to improve model confidence and continuity as well as testing lateral expansion potential in zones with prior high-grade hits (>2.0% CuEq). Branch Hole Strategy: Directional drilling technology is being used from existing collars to efficiently test multiple orientations around positive results, minimizing time and reducing drilling costs. All targets were selected based on 3D modelling of the updated 2024 resource, historical drilling, and advanced geophysical interpretations. Figure 3: B26 Deposit-Long Section Target Summary To view an enhanced version of this graphic, please visit: Collectively, these targets represent a critical step in unlocking the next phase of growth at B26. With the potential to significantly expand the strike length, depth, and overall mineralized footprint of the deposit, this phase of drilling could significantly enhance the scale, grade continuity, and long-term development potential of one of Quebec's most promising mineral deposits. Looking Ahead: Initial assay results from Phase 3 are expected in the coming month and will continue throughout the remainder of 2025. Abitibi Metals is fully funded to Q1, 2027, the Company has budgeted approximately 25,000 additional metres for Phase 4 drilling, to be strategically deployed in 2026 based on ongoing exploration success. Qualified Person The scientific and technical content of this news release has been reviewed and approved by Mr. Louis Gariépy, (OIQ #107538), VP Exploration of Abitibi Metals, who is a "qualified person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. About Abitibi Metals Corp: Abitibi Metals Corp. (CSE: AMQ) is a Quebec-focused mineral acquisition and exploration company focused on the development of quality base and precious metal properties that are drill-ready with high-upside and expansion potential. Abitibi's portfolio of strategic properties provides target-rich diversification and includes the option to earn 80% of the high-grade B26 Polymetallic Deposit, which hosts a resource estimate1 of 11.3MT @ 2.13% Cu Eq (Ind- 1.23% Cu, 1.27% Zn, 0.46 g/t Au and 31.9 g/t Ag) & 7.2MT @ 2.21% Cu Eq (Inf - 1.56% Cu, 0.17% Zn, 0.87 g/t Au and 7.4 g/t Ag), and the Beschefer Gold Project, where historical drilling has identified 4 historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres (BE13-038) and 13.07 g/t gold over 8.75 metres (BE12-014) amongst four modeled zones. About SOQUEM: SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future. ON BEHALF OF THE BOARD Jonathon Deluce, Chief Executive Officer For more information, please call 226-271-5170, email info@ or visit The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements: Twitter: Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Note 1: Technical Report NI 43-101 Resource Estimation Update Project B26, Quebec, For Abitibi Metals Corp., By SGS Canada Inc., Yann Camus, ing., Olivier Vadnais-Leblanc, géo., SGS Canada - Geostat., Effective Date: November 1, 2024, Date of Report: February 26, 2025 Forward-looking statement: This news release contains certain statements, which may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financial results or other developments on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company's behalf. Although Abitibi has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All factors should be considered carefully, and readers should not place undue reliance on Abitibi's forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "estimates," "anticipates," or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results "may," "could," "might" or "occur. Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
a day ago
- Business
- Globe and Mail
Q2 Metals Defines Initial Exploration Target of 215 to 329 Million Tonnes at the Cisco Lithium Project in James Bay, Quebec, Canada
Highlights The initial Exploration Target estimates a range of lithium mineralization at the Cisco Project from 215 to 329 Mt at a grade ranging from 1.0 to 1.38 % Li 2 O. Based only on the first 40 holes drilled to date. Drill testing continues with mineralization open at depth and along strike with potential for significant expansion at the Cisco Mineralized Zone. The 2025 Summer Program is ongoing, with rolling assay results anticipated into Q3 2025 as the Company works towards a maiden resource estimate. The Exploration Target was completed by BBA Inc., an independent geological and engineering consulting firm, and is based on exploration and drilling to date. VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (' Q2 ' or the ' Company ') is pleased to announce an inaugural Exploration Target on the 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 estimated range of potential mineralization and grade is from 215 to 329 million tonnes ('Mt') at a grade ranging from 1.0 to 1.38 % Li 2 O: Tonnes Range (Mt) Li 2 Minimum Maximum Minimum Maximum Exploration Target 215 329 1.00 1.38 Table 1: Exploration Target for Cisco Mineralized Zone The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Project (' NI 43-101 '), and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 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 Exploration Target for the Cisco Project encompasses the main mineralized zone (the ' Mineralized Zone ') (see Figure 1), which includes a total of 40 holes drilled for 16,167.8 metres ('m') 1. Figure 1. Cisco Project showing pegmatite outcrop zones in the Exploration Target area The Exploration Target is constrained to the Mineralized Zone and does not include prospective geology and targets that the Company has identified outside of the Mineralized Zone. As such, there is the potential to further increase the overall lithium endowment of the Cisco Project. The large and well-mineralized CO2 outcrop which measures approximately 30 m wide by 80 m long has not yet been confirmed with drilling, and other areas to the east and south of the Mineralized Zone, such as CO6 or CO18 are also not included. Figure 2. Cross section through the Mineralized Zone at Cisco Project ' This Exploration Target represents a major milestone for Q2 and cements Cisco as a globally significant hard rock lithium discovery, ' said Alicia Milne, Q2 Metals President and CEO. '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. We are excited to continue to grow and advance the Cisco Project, executing on our strategy to create value for our shareholders.' 'This Exploration Target, particularly its being limited to just the currently defined Mineralized Zone, highlights both the scale potential of the Cisco Project as well as its grade,' said Q2 VP of Exploration, Neil McCallum. 'The Mineralized Zone remains open at depth and along strike and with only 40 holes drilled so far, there is potential for significant expansion at the Cisco Project. We are continuing the 2025 summer drill program with infill drilling of the Mineralized Zone in order to update the current Exploration Target to a NI 43-101 compliant inferred Mineral Resource Estimate.' Figure 3. Cisco Project location Exploration Target Live Webinar Q2 Metals will be hosting a live webinar, with Q&A, on Wednesday July 23 at 9:00 am PT | 12:00 pm ET. To register, click here. The Company engaged BBA Inc. ('BBA') as an independent consultant to review all exploration and drilling conducted to date at the Cisco Project and to complete an Exploration Target, in accordance with NI 43-101. The Exploration Target is based on BBA's interpretation of the following geology and mineralization data that has been compiled to date: 40 diamond core drill holes completed for 16,167.8 m; 7,358 drill hole assay results; 156 surface rock chip samples; Surface geological mapping and diamond core geological logging; Detailed LiDAR surface topography; and The estimate includes geological information for the lower half of drill hole 36, and all of drill holes 38 and 39 (does not include pending assays). BBA methodology included a complete review of the data and 3D modelling to create a conceptual volume of the pegmatite domains within the Mineralized Zone. The pegmatite domains were interpreted where geological information was available with sufficient quantity and quality. To estimate a tonnage, pegmatite specific gravity ('SG') was used for the pegmatite domains and based on 407 measurements. The average SG of each domain was then applied individually. An associated grade was then applied based on the assay results for each individual domain. The implied tonnage and grade of each volume was then reduced by a factor (confidence factor) to account for the likelihood of each domain being mineralized at a reasonable grade. The grade and tonnage were then further adjusted by an additional factor to be reported as ranges. The estimated tonnages are rounded to the nearest million tonnes and the grade rounded to the nearest 0.01% Li 2 O. The 3D modelling of the pegmatite domains was restricted to the Mineralized Zone. The extent of the interpreted pegmatite domains was limited up to 250 m around the relevant geological information (drill hole, channel). The thickness of the interpreted pegmatite domains is representative of the pegmatite intercepts. The Exploration Target does not include prospective geology and targets that the Company has identified outside of the Mineralized Zone. As such, there is the potential to further increase the overall lithium endowment of the Cisco Project. Qualified Person Mr. Todd McCracken, is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Géologues du Québec and with the Professional Geoscientists of Ontario. Mr. McCracken has reviewed and approved the technical information in this news release. Mr. McCracken is Director – Mining & Geology – Central Canada, of BBA Inc. and is independent of the Company. Mr. McCracken does not hold any securities in the Company. Neil McCallum, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 ('QP') has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2. ABOUT Q2 METALS CORP. Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada. The Cisco Project is comprised of 801 claims, totaling 41,253 hectares, with the main mineralized zone just 6.5 km from the Billy Diamond Highway, which transects the Project. The Town of Matagami, rail head of the Canadian National Railway, is approximately 150 km to the south. The Cisco Project has district-scale potential with an already identified mineralized zone and drill results that include: 120.3 metres at 1.72% Li 2 O (hole CS-24-010); 215.6 metres at 1.69% Li 2 O (hole CS-24-018); 347.1 metres at 1.35% Li 2 O (hole CS-24-021); 188.6 metres at 1.56% Li 2 O (hole CS-24-023); and 179.6 metres at 1.66% Li 2 0 (hole CS-25-027) with an additional 58.0 m at 1.75% Li 2 O; and 91.8 m at 1.81% Li 2 O. The 2025 Summer Program is ongoing, with rolling assay results anticipated into Q3 2025. FOR FURTHER INFORMATION, PLEASE CONTACT: Follow the Company: Twitter, LinkedIn, Facebook, and Instagram Sampling, Analytical Methods and QA/QC Protocols All drilling is conducted using a 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 Li 2 O 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 has been 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. Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: 'believes', 'expects', 'anticipates', 'intends', 'estimates', 'plans', 'may', 'should', 'would', 'will', 'potential', 'scheduled' or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, statements with respect to the definition of an Exploration Target at the Company's Cisco Project, drilling results on the Cisco Project and inferences made therefrom, the preparation of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled 'Risk Factors' in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ___________________ 1 Summary of Drill and Assay data.
Yahoo
a day ago
- Business
- Yahoo
Q2 Metals Defines Initial Exploration Target of 215 to 329 Million Tonnes at the Cisco Lithium Project in James Bay, Quebec, Canada
Highlights The initial Exploration Target estimates a range of lithium mineralization at the Cisco Project from 215 to 329 Mt at a grade ranging from 1.0 to 1.38 % Li2O. Based only on the first 40 holes drilled to date. Drill testing continues with mineralization open at depth and along strike with potential for significant expansion at the Cisco Mineralized Zone. The 2025 Summer Program is ongoing, with rolling assay results anticipated into Q3 2025 as the Company works towards a maiden resource estimate. The Exploration Target was completed by BBA Inc., an independent geological and engineering consulting firm, and is based on exploration and drilling to date. VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) ('Q2' or the 'Company') is pleased to announce an inaugural Exploration Target on the 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 estimated range of potential mineralization and grade is from 215 to 329 million tonnes ('Mt') at a grade ranging from 1.0 to 1.38 % Li2O:Tonnes Range (Mt) Li2O Range (%) Minimum Maximum Minimum Maximum Exploration Target 215 329 1.00 1.38 Table 1: Exploration Target for Cisco Mineralized Zone The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Project ('NI 43-101'), and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 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 Exploration Target for the Cisco Project encompasses the main mineralized zone (the 'Mineralized Zone') (see Figure 1), which includes a total of 40 holes drilled for 16,167.8 metres ('m')1. Figure 1. Cisco Project showing pegmatite outcrop zones in the Exploration Target area The Exploration Target is constrained to the Mineralized Zone and does not include prospective geology and targets that the Company has identified outside of the Mineralized Zone. As such, there is the potential to further increase the overall lithium endowment of the Cisco Project. The large and well-mineralized CO2 outcrop which measures approximately 30 m wide by 80 m long has not yet been confirmed with drilling, and other areas to the east and south of the Mineralized Zone, such as CO6 or CO18 are also not included. Figure 2. Cross section through the Mineralized Zone at Cisco Project 'This Exploration Target represents a major milestone for Q2 and cements Cisco as a globally significant hard rock lithium discovery,' said Alicia Milne, Q2 Metals President and CEO. '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. We are excited to continue to grow and advance the Cisco Project, executing on our strategy to create value for our shareholders.' 'This Exploration Target, particularly its being limited to just the currently defined Mineralized Zone, highlights both the scale potential of the Cisco Project as well as its grade,' said Q2 VP of Exploration, Neil McCallum. 'The Mineralized Zone remains open at depth and along strike and with only 40 holes drilled so far, there is potential for significant expansion at the Cisco Project. We are continuing the 2025 summer drill program with infill drilling of the Mineralized Zone in order to update the current Exploration Target to a NI 43-101 compliant inferred Mineral Resource Estimate.' Figure 3. Cisco Project location Exploration Target Live Webinar Q2 Metals will be hosting a live webinar, with Q&A, on Wednesday July 23 at 9:00 am PT | 12:00 pm ET. To register, click here. Methodology and Determination for the Exploration Target The Company engaged BBA Inc. ('BBA') as an independent consultant to review all exploration and drilling conducted to date at the Cisco Project and to complete an Exploration Target, in accordance with NI 43-101. The Exploration Target is based on BBA's interpretation of the following geology and mineralization data that has been compiled to date: 40 diamond core drill holes completed for 16,167.8 m; 7,358 drill hole assay results; 156 surface rock chip samples; Surface geological mapping and diamond core geological logging; Detailed LiDAR surface topography; and The estimate includes geological information for the lower half of drill hole 36, and all of drill holes 38 and 39 (does not include pending assays). BBA methodology included a complete review of the data and 3D modelling to create a conceptual volume of the pegmatite domains within the Mineralized Zone. The pegmatite domains were interpreted where geological information was available with sufficient quantity and quality. To estimate a tonnage, pegmatite specific gravity ('SG') was used for the pegmatite domains and based on 407 measurements. The average SG of each domain was then applied individually. An associated grade was then applied based on the assay results for each individual domain. The implied tonnage and grade of each volume was then reduced by a factor (confidence factor) to account for the likelihood of each domain being mineralized at a reasonable grade. The grade and tonnage were then further adjusted by an additional factor to be reported as ranges. The estimated tonnages are rounded to the nearest million tonnes and the grade rounded to the nearest 0.01% Li2O. The 3D modelling of the pegmatite domains was restricted to the Mineralized Zone. The extent of the interpreted pegmatite domains was limited up to 250 m around the relevant geological information (drill hole, channel). The thickness of the interpreted pegmatite domains is representative of the pegmatite intercepts. The Exploration Target does not include prospective geology and targets that the Company has identified outside of the Mineralized Zone. As such, there is the potential to further increase the overall lithium endowment of the Cisco Project. Qualified Person Mr. Todd McCracken, is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Géologues du Québec and with the Professional Geoscientists of Ontario. Mr. McCracken has reviewed and approved the technical information in this news release. Mr. McCracken is Director – Mining & Geology – Central Canada, of BBA Inc. and is independent of the Company. Mr. McCracken does not hold any securities in the Company. Neil McCallum, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 ('QP') has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2. ABOUT Q2 METALS CORP. Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada. The Cisco Project is comprised of 801 claims, totaling 41,253 hectares, with the main mineralized zone just 6.5 km from the Billy Diamond Highway, which transects the Project. The Town of Matagami, rail head of the Canadian National Railway, is approximately 150 km to the south. The Cisco Project has district-scale potential with an already identified mineralized zone and drill results that include: 120.3 metres at 1.72% Li2O (hole CS-24-010); 215.6 metres at 1.69% Li2O (hole CS-24-018); 347.1 metres at 1.35% Li2O (hole CS-24-021); 188.6 metres at 1.56% Li2O (hole CS-24-023); and 179.6 metres at 1.66% Li20 (hole CS-25-027) with an additional 58.0 m at 1.75% Li2O; and 91.8 m at 1.81% Li2O. The 2025 Summer Program is ongoing, with rolling assay results anticipated into Q3 2025. FOR FURTHER INFORMATION, PLEASE CONTACT: Alicia MilnePresident & CEOAlicia@ Jason McBrideInvestor Relations ManagerJason@ Chris AckermanCorporate DevelopmentChris@ Telephone: 1 (800) 482-7560E-mail: info@ Follow the Company: Twitter, LinkedIn, Facebook, and Instagram Sampling, Analytical Methods and QA/QC Protocols All drilling is conducted using a 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 has been 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. Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: 'believes', 'expects', 'anticipates', 'intends', 'estimates', 'plans', 'may', 'should', 'would', 'will', 'potential', 'scheduled' or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, statements with respect to the definition of an Exploration Target at the Company's Cisco Project, drilling results on the Cisco Project and inferences made therefrom, the preparation of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled 'Risk Factors' in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ___________________ 1 Summary of Drill and Assay data. Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
