VANCOUVER, BC / ACCESSWIRE / July 18, 2024 / Q Precious and Battery Metals Corp. ("QMET" or the "Company") (CSE:QMET) is pleased to announce that the company has intersected disseminated, semi-massive and massive sulphide mineralization in the first drill hole completed on the La Corne South project located north of Val d'Or, Quebec. The drill hole was designed to test a coincident TDEM conductor and magnetic high discovered previously by QMET geophysical surveys.
QMET drill hole 24LCS-01 was completed at a depth of 144 metres. Several significant mineralized bands were visible, each ranging from 2 to 5 metres width consisting mainly of pyrrhotite, chalcopyrite and sphalerite, interpreted as Volcanogenic Massive Sulphide (VMS) deposition. The core is currently being logged and sampled at a facility in Val d'Or. Explo-Logik Inc is managing the drill program. QMET warns the reader that the information provided at this time in regards to drill hole 24LCS-01 is preliminary in nature and is based upon initial visual observations undertaken by a Qualified Professional at the site. Samples of the core will be analyzed to verify the metals contained within the sulphide mineralization (including possible Cu-Zn-Ag-Au).
The current drill program will continue to test TDEM conductors and magnetic anomalies along the strike of the host volcanic rocks. A corridor length of approximately 2 kilometres will be tested with 7-9 drill holes of average 120-150 metres depth. The drill hole planning will advance depending upon the geology observed in each drill hole. The QMET geologic team is very pleased with the mineralization intercepted in hole 24LCS-01 as it supports the exploration model for VMS in the host volcanic rocks at La Corne South.
The geologic team, including QP and Project Manager Gilles Carrier of Explo-Logik Inc, will continue to monitor the drilling and sample mineralized intercepts, and to continue interpretation for targeting of future drill holes. Drill core logging and sampling will take place at the Explo-Logik facility in Val d'Or.
Q BATTERY METALS CORP
Q Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piché, OGQ, with office located north of Val d'Or. He is also a Q Battery Metals company director. The company has 100% interest in mineral claims within Quebec, targeting critical and precious metals. Projects include the La Corne South VMS + Pegmatite Lithium Project, McKenzie East Gold property, and the recently acquired Pontax Lithium and Versant rare earth elements (REE) properties.
Cautionary Statement
This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
SOURCE: Q Battery Metals Corp