Mike Fagan,
Editor
April 8, 2025
Quartz Mountain Resources Ltd. (TSX-V: QZM)(OTC: QZMRF) — currently trading around C$0.55 per share — has announced the discovery of a new copper-gold-silver porphyry at its 100%-owned Jake Project in British Columbia, Canada.
QZM’s new polymetallic discovery is the result of a successful seven-hole, 3,418-meter maiden drill program recently completed at the property.
Highlights include Hole JK24-05, which returned 355 meters of combined copper intercepts. Recognizing the potential scale of this emerging system, QZM has acquired a 100% interest in surrounding mineral claims, securing what could become a new BC porphyry district.
With porphyry deposits being key global sources of copper, gold, and silver, the Quartz Mountain team is now preparing a follow up program of delineation drilling as the next step in unlocking Jake’s full potential.
Quartz Mountain Resources chairman Bob Dickinson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the new porphyry discovery at Jake via press release:
“We are excited to announce the discovery of the new Jake copper-gold-silver porphyry system. We believe our maiden seven hole scout program has determined the location of the system’s center nearby hole JK24-05, where the highest grades are anticipated. The detailed results from the 7 core holes provide Quartz the critical scientific vectors to target the core of the porphyry system in the next phase of delineation drilling. Early observations from our drill program suggest geological similarities between Jake and the geological environment at the past producing Bell Mine, currently owned by Glencore and located 160 km southeast of Jake.”
QZM has also confirmed a significant mineral discovery at its co-flagship Maestro gold-silver property located 15 km north of the town of Houston, British Columbia, and directly southeast of Jake by about 250 km (see property location map above).
Maestro represents a second polymetallic exploration project for Quartz Mountain with potential for significant value creation.
Initial assays from QZM’s two recently completed diamond drill holes at the property’s Prodigy target reveal high-grade gold-silver mineralization; highlights include 102 meters of 2.22 grams per tonne (g/t) gold and 104 g/t silver, including 36 meters grading 5.73 g/t gold and 87 g/t silver.
The results point to a potentially significant Au-Ag system that may be linked to the nearby Lone Pine Mo-Cu porphyry deposit with chairman Bob Dickinson noting the presence of multiple overlapping mineralizing events, which are considered hallmarks of globally significant, long-lived mining systems.
Funding is also in place with QZM’s recent completion of a C$4.2 million flow through financing with funds set to be used for an upcoming delineation drill program at Maestro followed by Phase-2 drilling at Jake.
The emerging mineral discoveries at Jake and Maestro support QZM’s strategy of targeting high-value, high-demand projects in safe, tier-one mining jurisdictions with strong potential for future transactions.
For a deeper firsthand look at the team, the projects, and the approach, our own Gerardo Del Real of Junior Resource Monthly caught up with Quartz Mountain Resources chairman Bob Dickinson to go over the multi-project exploration underway in the friendly mining confines of British Columbia, Canada. Please enjoy!
For more information on Vancouver-based Quartz Mountain Resources, please contact the company’s IR department Toll-Free at 800-667-2114 or via email at info@quartzmountainresources.com.
Visit the Quartz Mountain corporate website and sign up to receive updates directly from the company here.
Yours in profits,
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