12:07 PM EDT, 06/17/2024 (MT Newswires) -- Q2 Metals ( QUEXF ) on Monday surged 22% on last look after providing an update from its 2024 exploration program at the Cisco Lithium Property located in the Eeyou Istchee James Bay region of Quebec.

Among the highlights, the company said it has drilled four holes totaling 1,017 meters at the Cisco discovery zone, confirming and extending previously encountered mineralization.

Drill hole CS24-007 intersected 11 individual spodumene pegmatite intervals, for a total cumulative width of 100.1 meters. Drill hole CS24-009 encountered five spodumene pegmatite intervals, for a cumulative width of 117.1 meters. Drill hole CS24-010 encountered five spodumene-mineralized intervals that were greater than 10 meters wide. The sum of all intervals in the hole is 194.8 meters, with the widest individual interval measuring 86.6 meters.

"The spodumene pegmatite intervals are continuing down dip around the previously drilled holes, and our most recent hole (CS24-010) testing the strike extension of the CO1 zone has encountered a very wide mineralized zone," exploration vice president Neil McCallum said in a release.

Further, the mapping and sampling program has discovered eight new spodumene pegmatite occurrences. The company has discovered 15 individual outcropping zones across an area spanning 1.1 by 1.7 kilometers.

The company's shares were last seen up $0.06 to $0.335 on the TSX Venture Exchange.

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