Quartz Updates Drilling Progress at Prodigy Gold-Silver Discovery on Its Maestro Property in British Columbia
Quartz Mountain Resources (OTCQB:QZMRF) has provided an update on its Phase 3 diamond drilling program at the Prodigy gold and silver discovery within its Maestro Property in British Columbia. The company has completed 2,476 meters of drilling in 5 core holes, with two additional holes planned to reach approximately 3,700 meters total.
The company has $3,000,000 in funding and has contracted Dr. Farhad Bouzari, an economic geologist from the University of British Columbia, to conduct detailed scientific studies. Previous drilling phases have revealed significant gold and silver mineralization across multiple zones, extending laterally for 325 meters and to depths of over 650 meters.
Results from all seven Phase 3 drill holes are expected in mid-September 2025, with 694 split core samples already sent for analysis. The project shows potential for both high-grade vein and bulk tonnage style precious metal deposits.
Quartz Mountain Resources (OTCQB:QZMRF) ha fornito un aggiornamento sul programma di perforazione diamantina di Fase 3 presso la scoperta aurifera e argentifera Prodigy nella sua Maestro Property in British Columbia. La società ha completato 2,476 metri di perforazione in 5 fori di sondaggio, con due fori aggiuntivi previsti per raggiungere circa 3,700 metri in totale.
La società dispone di $3,000,000 in finanziamento e ha incaricato il Dr. Farhad Bouzari, geologo economico dell'University of British Columbia, per condurre studi scientifici dettagliati. Le fasi di perforazione precedenti hanno evidenziato una mineralizzazione significativa di oro e argento in più zone, estendendosi lateralmente per 325 metri e fino a profondità superiori a 650 metri.
I risultati di tutti e sette i fori della Fase 3 sono attesi a metà settembre 2025, e sono già stati inviati per analisi 694 campioni di carote suddivise. Il progetto mostra potenziale sia per vene ad alto tenore sia per depositi a tonnellaggio elevato di metalli preziosi.
Quartz Mountain Resources (OTCQB:QZMRF) ha ofrecido una actualización sobre su programa de perforación diamantina de Fase 3 en el yacimiento Prodigy de oro y plata dentro de su Maestro Property en Columbia Británica. La compañía ha completado 2,476 metros de perforación en 5 perforaciones de núcleo, y tiene planificados dos perforaciones adicionales para alcanzar aproximadamente 3,700 metros en total.
La empresa cuenta con $3,000,000 en financiación y ha contratado al Dr. Farhad Bouzari, geólogo económico de la University of British Columbia, para llevar a cabo estudios científicos detallados. Las fases de perforación previas revelaron mineralización significativa de oro y plata en múltiples zonas, con una extensión lateral de 325 metros y profundidades superiores a 650 metros.
Se esperan los resultados de los siete pozos de la Fase 3 a mediados de septiembre de 2025; ya se han enviado para análisis 694 muestras de testigo partidas. El proyecto muestra potencial tanto para vetas de alto grado como para depósitos de gran tonelaje de metales preciosos.
Quartz Mountain Resources (OTCQB:QZMRF)는 브리티시컬럼비아에 있는 자사 Maestro Property 내 Prodigy 금·은 발견에 대한 3단계 다이아몬드 시추 프로그램 업데이트를 발표했습니다. 회사는 5개 코어공에서 총 2,476미터의 시추를 완료했으며, 추가로 2개 공을 더 시추해 총 약 3,700미터를 목표로 하고 있습니다.
회사는 $3,000,000의 자금을 확보했으며, 브리티시컬럼비아대학의 경제지질학자 Dr. Farhad Bouzari를 계약해 상세한 과학적 조사를 진행합니다. 이전 시추 단계에서는 여러 구역에 걸쳐 유의한 금·은 광화가 확인되었고, 수평적으로는 325미터, 심도는 650미터 이상까지 확장되었습니다.
3단계의 7개 시추공 결과는 2025년 9월 중순에 발표될 예정이며, 이미 694개의 분할 코어 샘플이 분석을 위해 발송되었습니다. 이 프로젝트는 고등급의 정맥형과 대규모 벌크 톤수형 귀금속 광상 모두에 대한 잠재력을 보여줍니다.
Quartz Mountain Resources (OTCQB:QZMRF) a publié une mise à jour de son programme de forage diamant de phase 3 sur la découverte aurifère et argentifère Prodigy située sur sa Maestro Property en Colombie‑Britannique. La société a achevé 2,476 mètres de forage en 5 sondages, et prévoit deux sondages supplémentaires pour atteindre environ 3,700 mètres au total.
La société dispose de $3,000,000 de financement et a engagé le Dr Farhad Bouzari, géologue économique de l'University of British Columbia, pour réaliser des études scientifiques détaillées. Les phases de forage précédentes ont révélé une minéralisation significative en or et en argent sur plusieurs zones, s'étendant latéralement sur 325 mètres et en profondeur au‑delà de 650 mètres.
Les résultats des sept sondages de la phase 3 sont attendus à la mi‑septembre 2025 ; 694 échantillons de carotte divisés ont déjà été envoyés pour analyse. Le projet présente un potentiel tant pour des veines à teneur élevée que pour des gisements à tonnage important de métaux précieux.
Quartz Mountain Resources (OTCQB:QZMRF) hat ein Update zu seinem Diamantbohrprogramm Phase 3 bei der Prodigy Gold‑ und Silberentdeckung auf dem Maestro Property in British Columbia veröffentlicht. Das Unternehmen hat 2,476 Meter in 5 Kernbohrlöchern abgeschlossen; zwei weitere Löcher sind geplant, um insgesamt etwa 3,700 Meter zu erreichen.
Das Unternehmen verfügt über $3,000,000 an Finanzierung und hat Dr. Farhad Bouzari, einen Wirtschaftsgeologen der University of British Columbia, beauftragt, detaillierte wissenschaftliche Studien durchzuführen. Frühere Bohrphasen zeigten eine bedeutende Gold‑ und Silbermineralisierung in mehreren Zonen, mit einer seitlichen Ausdehnung von 325 Metern und Tiefen von über 650 Metern.
Die Ergebnisse aller sieben Bohrlöcher der Phase 3 werden Mitte September 2025 erwartet; bereits wurden 694 geteilte Kernproben zur Analyse eingesandt. Das Projekt weist Potenzial sowohl für hochgradige Adervorkommen als auch für bulk‑tonnage‑artige Edelmetalllagerstätten auf.
- Discovery of significant new Au-Ag system with high potential for both bulk tonnage and high-grade mineralization
- Strong financial position with $3,000,000 in current funding
- Extensive mineralization found across 325 meters laterally and 650 meters depth
- Strategic addition of Dr. Farhad Bouzari as advisor, bringing 20+ years of expertise
- Multiple sequential drilling phases planned for remainder of 2025 indicating strong project momentum
- Assay results from Phase 3 drilling not yet available until mid-September
- Complex overlapping mineralization systems requiring detailed study to understand
Contracts Dr. Farhad Bouzari, Economic Geologist and key member of the Minerals Deposit Research Unit at the University of British Columbia to complete detailed scientific studies on the geology, alteration and mineralization being encountered at Maestro
VANCOUVER, BC / ACCESS Newswire / August 11, 2025 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTCQB:QZMRF) ("Quartz", or the "Company") is pleased to report 2,476 meters of drilling in 5 core holes have been completed to date as part of the Company's Phase 3 diamond drilling program at its Prodigy gold and silver discovery located within its Maestro Property in central British Columbia. Two additional holes will be drilled within Phase 3, bringing the total amount drilled in the Phase 3 program to approximately 3,700 meters.
Assay results from all seven Phase 3 drill holes (PR25-07 through PR25-13) will be announced as soon as they are received and compiled, likely in mid-September. To date, 694 split core samples have been sent from site to the ALS Canada laboratory in Vancouver for assaying. Following receipt and review of Phase 3 assay results, multiple sequential phases of drilling are planned during the remainder of 2025.
"With funding of
Quartz is also pleased to announce contracting Dr. Farhad Bouzari as an advisor to the Company. Dr. Bouzari will complete detailed scientific studies at the Maestro site on the geology, alteration and mineralization, encountered in Phases 1, 2 and 3 of Quartz's drilling programs. Dr. Bouzari is a key member of the Minerals Deposit Research Unit at the University of British Columbia and an economic geologist with more than 20 years of global experience in porphyry copper and allied deposit systems. His proven track record of leading research and applied projects across BC, Alaska, South America, and the Tethyan Belt will provide Quartz techniques to optimize exploration decision-making and actionable insights to effectively advance drilling of the Prodigy discovery along with focused exploration of the entire Maestro Property.
Phase 3 drilling was proceeded by Phase 2 drilling, consisting of 3,255 meters in 4 holes (PR25-03 through PR25-06) (see Quartz News Release dated June 24, 2025) and Phase 1 drilling, which made the Prodigy discovery, consisting of 1,446 meters in 2 holes (PR23-01 through PR23-02) (see Quartz news release dated April 09, 2024). Drill results reported to date have succeeded in discovering a significant new and highly mineralized system at Prodigy. Gold and silver mineralization in multiple zones has been cut by the assayed and reported drill holes from near surface, laterally for approximately 325 meters and to vertical depths of over 650 meters.
At Prodigy, large volumes of multiple styles of brecciation have undergone extensive rock alteration and quartz-ankerite veining. Rock alteration, predominantly green sericite, which is associated with Au-Ag mineralization, has created a significant magnetic low due to the destruction of magnetite within the altered and mineralized area. This prominent magnetic low has an "Eye" shaped geometry indicating a substantial mineral system to be delineated through additional drilling. The focus of the current Phase 3 drill program is to continue delineation drilling aimed at expanding the extent of the mineralized system. The location of Phase 1, 2, and 3 drill holes within the Prodigy "EYE" target area are depicted on Figure 1 and Figure 2.
The Maestro Property completely covers the large Lone Pine molybdenum deposit and Quartz's targeted, epithermal precious metals systems like Prodigy that potentially occur up to several kilometers outboard of Lone Pine. Quartz's Phase 1 and Phase 2 drill holes, combined with results from ten historical core holes drilled in the period 2007-2011by a past operator have intersected a high-grade Au-Ag lode and also high-grade Ag-Au veins, with both styles of mineralization hosted within an extensive epithermal Ag-Au system. The lode and veins along with the more bulk-style disseminated precious metals that have been intersected by the drill holes are all hosted within and around a large Mo-Au-Cu porphyry system. Together, these results represent the discovery of a substantial new Au-Ag system at Maestro with high potential for both bulk tonnage and high-grade mineralization.
The Maestro Project is one of two key projects being developed by Quartz in British Columbia. The Maestro delineation drill programs follow initial scout drilling at the Company's Jake Project located north of Smithers. That drilling succeeded in making a new porphyry copper-gold discovery and acquisition of an entire new B.C. porphyry copper-gold district surrounding the Jake Property (see Quartz news release dated January 14, 2025).
About Quartz
Headquartered in Vancouver, Canada, Quartz Mountain Resources (TSXV:QZM)(QTCQB:QZMRF) is a well- funded public company whose successful mine-finding management team is focused on discovering and transacting important-scale gold, silver and copper projects in British Columbia. The Company owns
Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35 years of successfully discovering, developing and transacting mineral projects in Canada and internationally. Former HDI projects in British Columbia included Mount Milligan, Kemess South and Gibraltar -- all of which are porphyry-copper±gold deposits with current-producing or former-producing mines. Recently, Amarc Resources, an HDI associate, with funding from Freeport, announced the exciting discovery of the exceptionally high grade, AuRORA gold-copper-porphyry deposit also in British Columbia. Other well-known projects with HDI involvement include Sisson and Prosperity in Canada, Pebble and Florence in the United States, and Xietongmen in China.
Quartz is committed to the advancement of important-scale, critical and essential mining assets while following responsible mineral development principles, including a mandate to employ best-practice approaches in the engagement and involvement of local communities and meeting rigorous environmental standards.
About Maestro
The Maestro Project, located in central British Columbia, lies adjacent to Highway 16, 15 km north of Houston and 45 km south of Smithers, providing year-round road access to the project and nearby infrastructure including, rail, hydroelectricity, and natural gas. Covering 2,309 hectares, it has a rich exploration history dating back to 1914, primarily focusing on the Lone Pine Mo-Cu porphyry deposit and not the precious metals potential of the surrounding area (see Quartz news release March 19th, 2024, and NI 43-101 Technical Report and Preliminary Economic Assessment, P&E Mining Consultants Inc., January 21st, 2011).
Since acquiring the property, Quartz has conducted comprehensive geochemical and geophysical surveys, including soil/silt sampling, induced polarization geophysics, airborne magnetic surveys, hyperspectral studies, detailed relogging of historical drill core and assaying for gold only, 976 pulp samples derived from historical assaying of numerous core holes located across the Maestro Property. Quartz's first ever drill test, on its Maestro Property, a Phase One, two-hole drill program at the Prodigy Zone, discovered exciting high-grade Au-Ag lodes and Ag-Au veins which are both hosted within an extensive epithermal Au-Ag system. The Au lodes and Ag veins along with the more disseminated precious metals intersected by the drill holes are all hosted within a large and earlier deposited, Mo-Cu porphyry system. Quartz's second core hole, PR-23-02 intersected 102 m grading 2.22 g/t Au and 104 g/t Ag, including 12 m grading 1.23 g/t Au and 586 g/t Ag and also 36 m of 5.73 g/t Au and 87 g/t Ag. Drill results to date indicate high potential for both bulk tonnage and underground high-grade gold and silver mineralization. Delineation type drilling of the new Prodigy discovery at Maestro, is underway. It is expected that drilling at Prodigy will be consistently advanced in multiple stages during 2025. Mineralization remains open in multiple directions and at depth, promising significant further potential.
About Jake
Mineralization at Jake is situated within a prominent rusty coloured gossan measuring 3.5 km long by 1.5 km wide. The combination of extensive historical and recent exploration work has outlined a very expansive altered area at Jake hosting epithermal and porphyry-style sulphide disseminations and veinlets containing Cu-Au-Ag-Zn-Mo and Re. A series of modern surface exploration programs were first completed by Quartz to build on very compelling historical data on the Property developed by legendary porphyry copper explorers, including Kennco, Canadian Superior, Cities Service, Placer Development and Teck Corp. Taken together this comprehensive technical database defined a significant-scale porphyry copper-gold deposit target which Quartz tested with 3,418 meters of drilling in seven 7 holes during 2024. This maiden drill program successfully discovered a new porphyry copper-gold-silver system, wide open to expansion. Upon discovery, Quartz acquired a
Qualified Person
Farshad Shirmohammad, M.Sc., P.Geo., a "Qualified Person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Minerals Projects, who is not independent of Quartz Mountain Resources Ltd., has reviewed and approved the scientific and technical information contained in this news release.
On behalf of the Board of Directors
Robert Dickinson
Chairman
For further information, please contact:
Bob Dickinson
Email: robertdickinson@hdimining.com Ph: +1 604-684-6365
or:
Roger Blair
Email: rblair@acuityadvisorycorp.com Ph: +1 604-351-0025
or
Jeff Wilson
E Mail: jwilson@acuityadvisorycorp.com Ph: +1 604-837-5440
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information.
This release includes certain statements that may be deemed "forward-looking-statements". All statements in this release, other than statements of historical facts are forward-looking-statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Company's projects will obtain all required environmental and other permits, and all land use and other licenses, studies and exploration of the Company's projects will continue to be positive, and no geological or technical problems will occur. Though the Company believes the expectations expressed in its forward-looking-statements are based on reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory personnel. Factors that could cause actual results to differ materially from those in forward-looking statements include variations in market prices, continuity of mineralization and exploration success, and potential environmental issues or liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, and exploration and development of properties located within Aboriginal groups asserted territories that may affect or be perceived to affect asserted aboriginal rights and title, and which may cause permitting delays or opposition by Aboriginal groups, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, and the risks and uncertainties connected with its business, investors should review the Company's home jurisdiction filings at www.sedarplus.ca and its filings with the United States Securities and Exchange Commission at www.sec.gov.
SOURCE: Quartz Mountain Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
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