# Q2 Metals Reports Final Winter Assays with Intercept of 137.6 Metres Grading 1.47% Li?O, Including 40.6 Metres at 3.25% Li?O at the Cisco Lithium Project in Quebec, Canada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4--af0a5a66-6cb3-446a-a720-f644cfc2b619 Original source: https://money.tmx.com/en/quote/QTWO/news/5182777510562509/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4 Publisher: tmx Original announcement: 2026-07-21T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Q2 Metals Corp. - Ticker: QTWO - Exchange: TSX - Region: Quebec, Canada - Primary commodity: Lithium - Secondary commodities: Tantalum - Document categories: Drill results, Resource update - Extracted: 2026-09-16 18:28:29 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Q2 Metals reported final winter drill results at the Cisco Lithium Project in Quebec, highlighted by a 137.6 m intercept at 1.47% Li2O, including a high-grade 40.6 m at 3.25% Li2O in hole CS26-088. The results demonstrate continuity and extension of mineralization beyond the current Inferred Mineral Resource Estimate, supporting the company's goal of converting resources to the Indicated category. Reasoning: Strong lithium drill results showing high-grade intercepts and extension of known mineralization, supporting the ongoing resource conversion program. - Positive factor: High-grade lithium intercepts \(3.25% Li2O\) - Positive factor: Significant width \(137.6 m\) - Positive factor: Extension of mineralization beyond MRE limits - Positive factor: Consistent infill results - Negative factor: Apparent widths reported without true width Facts used in scoring: 4 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 40.6 m at 3.25% Li2O is exceptionally high grade for a lithium pegmatite project. Evidence · text > including 40.6 m at 3.25% Li2O **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The release explicitly states that mineralized intervals are not representative of true width as pegmatite zones are being refined. Evidence · text > mineralized intervals in all the holes drilled thus far are not representative of the true width **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release details QA/QC protocols including blanks, CRMs, and duplicates, with QP verification. Evidence · text > A Quality Assurance / Quality Control \(QA/QC\) protocol following industry best practices was incorporated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company states the remaining drill holes in the release are considered infill holes. Evidence · text > The remaining drill holes in this release are considered infill holes **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Mineralization was reported to extend beyond the conceptual open pit of the MRE. Evidence · text > with over 100 metres of the interval extending beyond the conceptual open pit that was part of the MRE ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### CS26-088 [Link to this fact](https://atlas-extractions.minestarters.com/news/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4--af0a5a66-6cb3-446a-a720-f644cfc2b619#fact-drill-facts-0) Cisco · lithium #### Identity - Hole ID: CS26-088 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.47 - Grade Unit: % - Intercept: 137.6 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-21T00:00:00.000Z Reasoning: Strong intercept supporting resource definition. - Positive factor: Significant width and high grade Evidence · text > 137.6 m at 1.47% Li2O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Summary of Analytical Results of Drill Holes at Cisco Project All intervals of greater than 5 m of core-length and great" ### CS26-088 [Link to this fact](https://atlas-extractions.minestarters.com/news/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4--af0a5a66-6cb3-446a-a720-f644cfc2b619#fact-drill-facts-1) Cisco · lithium #### Identity - Hole ID: CS26-088 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 3.25 - Grade Unit: % - Intercept: 40.6 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-21T00:00:00.000Z Reasoning: High-grade component of the main intercept. - Positive factor: Bonanza grade intercept Evidence · text > including 40.6 m at 3.25% Li2O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Summary of Analytical Results of Drill Holes at Cisco Project All intervals of greater than 5 m of core-length and great" ### CS26-088 [Link to this fact](https://atlas-extractions.minestarters.com/news/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4--af0a5a66-6cb3-446a-a720-f644cfc2b619#fact-drill-facts-2) Cisco · lithium #### Identity - Hole ID: CS26-088 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.23 - Grade Unit: % - Intercept: 93.6 m #### Classification - Program: resource - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-21T00:00:00.000Z Reasoning: Secondary high-grade interval within the hole. - Positive factor: Significant width Evidence · text > 93.6 m at 1.23% Li2O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Summary of Analytical Results of Drill Holes at Cisco Project All intervals of greater than 5 m of core-length and great" ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/q2-metals-reports-final-winter-assays-with-intercept-of-137-6-metres-grading-1-4--af0a5a66-6cb3-446a-a720-f644cfc2b619#fact-resource-facts-3) Cisco Lithium Project · lithium #### Identity - Project: Cisco Lithium Project - Commodity: lithium - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: QTWO #### Resource scope - Estimate type: resource - Effective date: 2026-04-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b6edb14d3038e705b14d - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 295000000 - Grade: 1.36 - Grade Unit: % Li2O #### Prior Estimate - Resource Date: 2026-04-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-21T00:00:00.000Z Reasoning: Baseline resource for the upcoming PEA. - Positive factor: Large scale resource - Negative factor: 100% Inferred Evidence · text > combined inferred mineral resource of 295 Mt grading 1.36% Li2O #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.