202611 releases
Quartz to Commence Phase 5 Drilling at Maestro, Targeting Prodigy Expansion and Multiple Potential Sulphide-Mineralized Systems
Phase 5 diamond drilling at the 100%-owned Maestro Gold-Silver Project near Houston, central British Columbia, is scheduled to begin on October 22, 2026. The program will provide first drill tests of previously undrilled IP chargeability anomalies exceeding 30 mV/V with modelled vertical extents of approximately 400 metres north of Prodigy, and step-out drilling to expand the Prodigy discovery. Four prior phases totalled 12,951 metres in 21 holes; permits cover 37 additional drill sites.
Drill resultsQuartz Closes $1.7 Million Unit Financing
A private placement of 4,247,500 units closed for gross proceeds of $1.7 million, leaving Quartz Mountain Resources with a working capital position of $4 million. Robert Dickinson, Chairman, and his associates took 1,500,000 FT Units, and insider The Sutton Group Inc. took 1,500,000 Units. FT Unit proceeds will fund exploration of the company's British Columbia gold-silver-copper projects, with non-FT proceeds going to exploration and general working capital. Securities are subject to a four month and one day hold period, with final TSX Venture Exchange approval pending.
FinancingQuartz Mountain Upsizes Financing to $1.71 Million
The previously announced financing has been upsized by up to $360,000 on the Flow-Through Units portion, with Quartz Mountain Resources now expecting $1,110,000 from Flow-Through Units and $600,000 from Units, for aggregate proceeds of $1,710,000. The upsized financing remains subject to TSX Venture Exchange acceptance and the other terms set out in the September 24, 2026 news release. The Company reports a current working capital position of $2.4 million before the financing closes.
FinancingQuartz Plans October Start of Phase 5 Drilling at Maestro Gold-Silver Project, British Columbia
Phase 5 core drilling at the 100%-owned Maestro gold-silver project near Houston, central British Columbia, is scheduled to start on October 20, 2026, targeting IP chargeability and resistivity anomalies north, south and east of the Prodigy discovery, where four phases have totalled 12,951 metres in 21 holes; permits cover 37 additional drill sites. A non-brokered private placement of 1,550,000 Units and 1,875,000 Flow-Through Units at $0.40 each will raise $1.37 million, with insider participation including $400,000 from the Dickinson Control Group.
Drill results2026 07 07 Quartz Announces Phase 4 Drill Results Including 164 Metres Of 0 72 G T Aueq
Phase 4 core drilling at the 100%-owned Maestro Project in central British Columbia returned 163.9 m grading 0.31 g/t Au, 18 g/t Ag, 0.024% Mo and 0.04% Cu (0.72 g/t AuEQ) and 306.6 m at 0.54 g/t AuEQ in hole 26-14, plus vein intercepts including 1.3 m at 10.21 g/t AuEQ. The eight-hole, 4,366 m program brings Prodigy drilling to 12,951 m in 21 holes. Phase 5 drilling is planned for September 2026, with working capital of $2.6 million.
Drill resultsQuartz Adopts Semi-Annual Financial Reporting
Quartz Mountain Resources has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting. With a July 31 fiscal year end, the Company will not file interim reports or MD&A for the first quarter ending October 31 and third quarter ending April 30, but will continue filing audited annual financial statements within 120 days of July 31 and six-month interim reports within 60 days of January 31.
CorporateQuartz Completes Phase 4 Drilling with Assays Pending at Maestro Gold-Silver Project, British Columbia
Phase 4 core drilling at the 100%-owned Maestro epithermal gold-silver property in central British Columbia has been completed, totalling 4,366 metres in eight holes (26-14 through 26-21) drilled between February and April 2026, with five scout holes up to 500 m east of the Prodigy discovery and three up to 300 m west. Samples are at ALS Canada Ltd. with assays pending. Quartz holds $2.9 million in treasury, a permit for 37 additional drill sites, and plans a Phase 5 program later this year.
Drill resultsQuartz Mountain Reports Strong Warrant Exercise Participation
Holders exercised 4,801,964 of the 5,000,000 warrants issued under the March 19, 2025 private placement, or 96%, at $0.60 per share ahead of the March 18, 2026 expiry, generating approximately C$2.88 million and leaving working capital of about C$3.8 million. At the Maestro gold-silver project near Houston in central British Columbia, the Phase 4 diamond drilling campaign at the Prodigy area has completed six holes totalling roughly 3,000 metres with one rig since early February, with assays pending.
FinancingQuartz Announces Significant Induced Polarization Survey Results for Maestro Gold-Silver Project, British Columbia
An induced polarization survey by Peter E. Walcott and Associates Limited at the Maestro gold-silver project in central British Columbia outlined a donut-shaped sulphide system measuring 2.1 km north-south by 1.4 km east-west. The system comprises a 400 metre by 800 metre core of low-to-moderate chargeability surrounded by a more than 200 metre wide higher-chargeability halo, with the Prodigy gold-silver discovery on the western edge of the core. Drilling is set to mobilize February 3rd.
Drill resultsQuartz to Exhibit at AME Roundup's Core Shack and Showcase Drill Core from Its Maestro Project in British Columbia
Quartz Mountain Resources will exhibit at the AME Roundup 2026 Core Shack at the Vancouver Convention Centre East, Booth #919, on January 28 from 9:00 AM to 4:00 PM and January 29 from 9:00 AM to 2:00 PM, showing core from the Prodigy discovery at its Maestro Project in central British Columbia. Phases 1 through 3 at Prodigy total 8,346 metres in 13 holes, with a gold-rich porphyry intersected in final hole PR25-13. Phase 4 drilling is planned to mobilize in early February 2026.
CorporateQuartz Mountain Expands Maestro Project with Claim Acquisition
A purchase agreement with Wild West Gold Corp. will give Quartz Mountain a 100% interest in a mineral claim of approximately 113 hectares adjoining the east of its Maestro Project in central British Columbia, expanding the property to 2,422 hectares. Consideration is 25,000 Quartz shares on closing, subject to TSX Venture Exchange approval. The claim is adjacent to a newly identified multi-element soil geochemical anomaly. A Phase 4 drill program is planned to mobilize in early February 2026, following 8,346 metres in 13 holes at the Prodigy discovery.
Acquisition
20258 releases
Quartz Commences Trading on the OTCQX Best Market Under the Symbol QZMRF
Quartz Mountain Resources' common shares have been uplisted from the OTCQB Venture Market to the OTCQX Best Market in the United States, trading under the symbol QZMRF, with the primary listing maintained on the TSX Venture Exchange under QZM. Existing U.S. shareholders need take no action. Drilling at the Prodigy Au-Ag-Mo-Cu discovery on the Maestro property, 15 km north of Houston, British Columbia, totals 8,346 metres across 13 holes, with Phase 4 drilling funded for 2026.
CorporateQuartz Completes Induced Polarization Geophysical Survey at Maestro Project, British Columbia
A 4.3 square kilometre induced polarization survey has been completed by Peter E. Walcott and Associates Limited over key portions of the Maestro property in central British Columbia, targeting sulphide systems near surface and to depths of up to 500 metres in and outboard of the Prodigy gold-silver zone. Data is being processed and will be integrated into planning for sequential drill programs at Maestro during 2026.
Drill resultsQuartz Drilling Intersects 123 m of 0.79 g/t AuEQ and 315 m of 0.73 g/t AuEQ Discovering Gold-Rich Porphyry System and Significantly Expanding Prodigy Mineralization
Phase 3 drilling at the Maestro property, 15 km north of Houston, British Columbia, returned 123 m grading 0.23 g/t Au, 32 g/t Ag, 0.012% Mo and 0.07% Cu (0.79 g/t AuEQ) from 122 m, and 315 m grading 0.39 g/t Au, 14 g/t Ag, 0.018% Mo and 0.04% Cu (0.73 g/t AuEQ) from 369 m in hole PR25-13. The seven-hole, 3,885 m program ran June through August 2025, bringing Prodigy drilling to 8,346 m in 13 holes. Phase 4 drilling is planned for early February 2026, with $2.6 million on hand.
Drill results