13:46:13 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Carespan Health Inc
Symbol CSPN
Shares Issued 47,282,297
Close 2023-11-10 C$ 0.09
Market Cap C$ 4,255,407
Recent Sedar Documents

Carespan shareholders elect four directors

2023-11-10 16:39 ET - News Release

Subject: No Subject! PDF Document

File: Attachment 250428 PR Drilling and PP.pdf

Q PRECIOUS AND BATTERY METALS CORPORATION

500- 666 Burrard Street Vancouver, BC, V6C 3P6

www.qmetalscorp.com

Q PRECIOUS & BATTERY METALS ANNOUNCES DIAMOND DRILLING HOLES 4 and 5 COMPLETED

AND PROPOSED FINANCING

April 28, 2025 Vancouver, BC Q Precious and Battery Metals Corp. ("QMET" or the "Company") (CSE: QMET) is pleased to announce that diamond drilling of two drill holes has been completed on the La Corne South project located north of Val d'Or, Quebec. The Company is also please to announce a proposed flow-through private placement financing.

Drilling

The drilling was designed to test two priority geophysical targets as determined by the company's exploration team (TDEM targets EMG-01 and EMG-02).

One drill hole each (holes LCS-25-04 and -05) was completed to test two TDEM anomalies. In 2024, drilling was successful at intercepting significant massive and disseminated sulphides containing copper, silver, zinc, and gold by testing similar geophysical targets (see news release dated March 19, 2025) in holes LCS-24-01 and LCS-24 - 03.

The table below provides a summary of drilling to date on La Corne South:

HOLE id Azimuth Dip Depth UTM E UTM N LCS-24-01 40 -45 144.6 297970 5354750 LCS-24-02 55 -45 144 297970 5354750 LCS-24-03 54 -45 137.65 297942 5354812 LCS-25-04 0 -90 324 299279 5353498 LCS-25-05 0 -90 116.6 299114 5353629

Drill core has been viewed by geologists at Explo-Logik in Val d'Or. The geologist report visual intercepts containing pyrite and pyrrhotite in the two recently completed drill holes, as well as sections with visual chalcopyrite. These are preliminary assessments that require further detailed observations, as well as laboratory sampling and analysis. More detailed analysis of the core will completed within the next week.

First Class Diamond Drilling Inc. was contracted to undertake diamond drilling on the La Corne South project. First Class Drilling successfully completed the first five drill holes on the project in 2024 and 2025.

Explo-Logik Inc, located in Val d'Or, is managing this phase of exploration including core logging and sampling at their facility. The first phase of drill testing the massive and semi massive sulphide mineralization at holes one through three totalled 278 samples of core from three holes. An additional 440.6 metres of drilling was completed in this most recent drilling. Core was directly delivered by Explo-Logik staff to the laboratory in Val d'Or, Quebec. The samples will be sent to Agat Labs in Val d'Or where they will undergo multi-element analysis processing that uses 4-acid digestion of pulverized samples followed by mass spectrometer detection for 48 elements, and analysis for gold, platinum, and palladium using fire assay. For quality assurance and control Explo-Logik inserted blanks, standards, or duplicates at one per every 10 samples.

Diamond drilling on the La Corne South project has been testing geophysical targets including TDEM conductivity. Three drill holes were completed at the north end of the TDEM survey area in the fall of 2024, with the results from holes 24LCS-01 and 24LCS-03 returning robust VMS-style mineralization with elevated copper, zinc, silver, and gold. As previously reported, significant downhole intercepts from hole 24-LCS-01 were summarized as follows (previous News Release September 2024):

dot 122.75-123.3 4.2% copper, 4% zinc, 0.17 ppm gold, and 30.3 ppm silver

dot 123.3-123.85 1.9% copper, 3.17% zinc, and 14.7 ppm silver

dot 123.85-124.4 0.79% copper, 1.3% zinc, and 7.33 ppm silver

dot 125.5-126 2.61% copper

*True widths of mineralization have not yet been determined

The weighted average for the total mineralized zone from 102.15 metres to 127.6 metres in hole 24LCS-01 was calculated as:

0.83% copper equivalent over 25.45 metres*

From hole 24-LCS-03, significant downhole intercepts were returned including;

dot 108.75-109.75 2.68% copper, and 23.45 ppm silver dot 110.2-111.4 2.66% copper, and 24.05 ppm silver

The weighted average copper equivalent for hole 24LCS-03 continuous intercept from 104.85 metres to 112.75 metres downhole depth was calculated as (previous news release dated January 21, 2025);

1.17 % copper equivalent** over 7.9 metres* *Note that the true widths of mineralization have not yet been determined for any of the intercepts reported to date.

Diamond drilling undertaken by QMET to date has tested isolated areas within a larger 2.5 kilometer long corridor of magnetic high with associated pockets of elevated conductivity (see map below). The conductivity testing by TDEM survey was limited to a two kilometer by one kilometer area. The company expects to expand the surface geophysical testing to cover more of the property, including testing of areas with high magnetism by TDEM survey to outline potential massive sulphide with elevated pyrrhotite. The company's geologic team is currently in discussion regarding possible exploration programs for the summer-fall of 2025. This could include surface and down-hole geophysics, and expanding the surveys to the north of the current TDEM coverage, as well as drill testing of strong TDEM targets further to the east of the current area of exploration (see map below). Magnetic and conductive anomalies to the east have been shown to have surface expression where sulphide bodies have been historically trenched and drilled. These areas will be further explored in 2025.

The company will now begin core logging and rock sawing of holes LCS-25-04 and LCS-25-05 and then send to lab.

Perry Grunenberg, P.Geo, a "Qualified Person" as that term is defined under NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a consultant of the Company.

Private Placement

The Company is pleased to announce a proposed offering (the "Offering") of up to 10,000,000 flow through units ("FT Units") at a price of $0.05 per FT Unit for gross proceeds of up to $500,000. Each NFT Unit consists of one flow-through common share and one whole Warrant. Each Warrant will entitle the holder to purchase a common share at a price of $0.07 per share for a three-year term (the "Warrant Term").

The Company will pay finder's fees of up to 10% in cash and issue finder's warrants (the "Finder's Warrants") equal to 10% of the number of FT Units sold to eligible finders. Each Finder's Warrant will be exercisable at a price of $0.05 per share for a term of three years.

The Offering is subject to the approval of the Canadian Securities Exchange. The securities issued will be subject to a four month and one day hold from the date of issuance.

The proceeds from the Offering will be for mineral and gas exploration activities. Q PRECIOUS & BATTERY METALS CORP

Q Precious & Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piche, 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 as well as Natural Hydrogen. Projects include the La Corne South VMS Project, McKenzie East Gold property, as well as the Pontax Lithium and Versant rare earth elements (REE) properties, and the Matane and Colchester Natural Hydrogen Projects.

Cautionary Statement This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect management's expectations and assumptions at the date of this news release. Such statements include, but are not limited to, the completion of laboratory analysis on drill core, the results and interpretation of assays, the potential discovery of mineral resources on the La Corne South property, the expansion of surface and downhole geophysical surveys, the potential summer-fall 2025 exploration programs, and the successful completion of the proposed private placement financing and use of proceeds. These forward-looking statements are based on a number of assumptions, including: the Company's ability to carry out planned exploration activities as currently anticipated; that laboratory results will confirm preliminary visual observations of mineralization; that geophysical surveys will successfully delineate new drill targets; that commodity prices (including copper, zinc, silver, gold, and lithium) and exploration costs will remain relatively stable; that financing will be available on reasonable terms; and that regulatory approvals for the Offering will be obtained in a timely manner. Forward- looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to: the risk that laboratory results may not confirm visual observations; risks associated with mineral exploration generally, including the possibility that exploration activities may not yield mineralized zones of commercial interest; delays or inability to expand the geophysical survey coverage; delays in receiving required permits and approvals; the inability to complete the private placement financing on the terms announced or at all; dilution to shareholders from future financings; changes in commodity prices; increased costs and expenses; market volatility; environmental risks; operating hazards associated with exploration activities; dependence on key personnel; changes in government regulations; and risks related to the Company's limited operating history. Readers are cautioned not to place undue reliance on forward-looking information. Q Precious & Battery Metals Corp. disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

On behalf of the Board of Directors Richard Penn CEO (778) 384-8923 Figure 1 LaCorne Project, Val-d'Or, Quebec. Figure 2 LaCorne Project, Val-d'Or, Quebec.

© 2025 Canjex Publishing Ltd. All rights reserved.