Q2 Metals Drills Best Hole to Date Intersecting 403.7 Metres at 1.57% Li2O and 213.8 Metres at 1.93% Li2O in Hole 93 at the Cisco Lithium Project
Q2 identified world-class lithium widths within its 295 Mt inferred deposit, which the market has already priced in.
Q2 Metals Corp. (QTWO) has released the first assay results from its 2026 Summer Drill Program at the Cisco project. To date, the company has reported 1,162 meters across two drill holes out of 9,552 meters drilled across 22 holes.
The standout result came from feature hole CS26-093, which returned three separate intervals:
- 60.8 m at 1.24% Li2O from a vertical depth of only 14 m
- 213.8 m at 1.93% Li2O
- 403.7 m at 1.57% Li2O
These three intervals collectively occupy approximately 678 meters of the 803-meter hole, marking it as the best hole to date by total mineralized pegmatite width. Notably, about 170 meters of the 403.7-meter interval lies outside the conceptual pit shell used in the April 2026 Inferred Mineral Resource Estimate.
The second hole reported, CS26-091, was a shallow follow-up to hole-77. It returned only a small, low-grade interval, adding to the structural interpretation without contributing material grade.
Q2 Metals stated that summer and fall drilling will feed an updated Inferred resource estimate, with a Preliminary Economic Assessment (PEA) targeted for Fall 2026.
Q2 Metals Corp. (QTWO) is an explorer and developer rather than a producer, making drill results central to its investment thesis. The Cisco Deposit already hosts 295 Mt at 1.36% Li2O Inferred, and the market has previously re-rated the stock for that deposit and for repeated wide lithium intercepts. The stock has risen from approximately C$0.76 in September 2025 to a 52-week high of C$3.34 in June 2026 and currently sits at C$2.75.
CS26-093 is an excellent infill and expansion hole, but it does not transform the resource base by itself. The 170 m extension outside the current pit shell is meaningful, yet it is incremental relative to a deposit already measuring about 1,800 m by up to 1,020 m in plan. This result supports confidence in the western extension and eventual resource growth, but it is not a new discovery and should not be expected to re-rate the company on its own. The market appears to be paying for a world-class lithium deposit; this hole confirms that rather than materially changing the scale.
Q2 Metals Corp. is a Canadian mineral exploration company advancing the Cisco Lithium Project in the James Bay region of Quebec. The project consists of 801 contiguous mineral claims covering 41,253 hectares in the Frotet-Evans Greenstone Belt. The deposit is spodumene-bearing and is described as a single principal pegmatite body with true thickness ranging from about 2 m to over 450 m.
Infrastructure is favourable in a regional sense: the site is located about 6.5 km from the Billy Diamond Highway and around 150 km from rail at Matagami, though it is not accessible by public roads. The company has completed a C$70 million private placement and holds a strong treasury, with prior-presentation cash of about C$76 million as of July 2, 2026.
The April 2026 Inferred Mineral Resource Estimate totals 295 Mt at 1.36% Li2O. This includes: * A pit-constrained 270 Mt at 1.36% Li2O * An underground-constrained 24 Mt at 1.34% Li2O
The project currently holds an Inferred resource only; no reserves have been reported, and no PEA economics have been published yet.