InvestmentPitch Media Video Discusses Q Battery Metals Refining Targets on its La Corne South Lithium Project near Val d’Or, Quebec - Seite 2

QMET's geological team is preparing to prospect, map and sample the Boily Berubé showing and the La Corne Batholith margins to analyze for lithium content. The current geophysical survey remodeling and proposed resistivity survey will assist in determining the location of lithium-bearing pegmatites in that region of the property.

Rock sampling from 2021, testing for VMS potential and not targeting rocks that might better return lithium results, reported elevated lithium as high as 468 ppm. One kilometer north of the Boily-Berubé showing, in 2004, Falconbridge (Noranda Inc.) completed diamond drill hole FIE 15-04-01 where core sampling returned up to 333 ppm lithium over 1.5 m at a depth of 186 m. Lithium was not the targeted element during these previous exploration programs, and most historic drill holes did not analyze core for lithium.

Richard Penn, CEO, stated: “After attending the PDAC and Swiss Mining Institute conferences, we now have an even greater appreciation of the potential for lithium on the La Corne South Project. Many other lithium projects were summarized at these conferences. We feel that we are in the right location at the right time with the La Corne South and PegaLith Lithium Projects and are looking forward to exploring and advancing both projects in 2023.”

Q Battery Metals also owns 100% interest in the PegaLith Lithium Project, the Lorrain Ni-Cu-PGE project, and the McKenzie East Gold Project.

The PegaLith project, located approximately 25 kilometres north of Gatineau, Quebec, covers 636 hectares or 1,571 acres of strong geological and mineralogical indicators for lithium potential. It contains pegmatites that were small scale mined for industrial minerals. The historic Mine Leduc, located in close proximity, contains a small lithium resource from pegmatitic rocks, of approximately 230 tonnes of 5.39% li2O, indicating the potential for lithium-bearing pegmatites in the region.

The Lorrain Property, which remains a project of interest, is located over ultramafic rocks that host the Guimond-Church mineral showing, described as containing 0.48% Cr and 0.27% Ni. A drill hole completed in 2001 by a previous operator is summarized as containing substantial quantities of platinum, palladium, copper, nickel and silver.

The McKenzie East Gold Project, located 30 kilometres north of the city of Val-d'Or, is situated in the prolific Abitibi greenstone-belt. Covering 1,656 hectares, it is located adjacent to The McKenzie Break deposit currently under exploration and development by Monarch Mining Corporation. Monarch reports a current open pit indicated resource of 1.4 million tonnes grading 1.8 gpt Au, and 387,000 tonnes indicated underground resource.