Project UpdateJul 7, 2026, 03:21 PM
Quartz Mountain Expands Prodigy Gold-Silver Discovery with Phase 4 Drill Results
AI Summary
Quartz Mountain Resources announced positive Phase 4 drill results at its Maestro Project, significantly expanding the Prodigy gold-silver discovery. Highlights include 163.9 meters grading 0.72 g/t AuEQ and high-grade gold-silver veins. The company also identified new porphyry molybdenum mineralization and confirmed additional gold potential through historical drill core analysis. Phase 5 drilling is planned for September 2026, supported by $2.6 million in working capital.
Key Highlights
- Phase 4 drilling expanded Prodigy gold-silver system to 600m long, 100-200m wide, up to 500m deep.
- Intercepted 163.9m grading 0.72 g/t AuEQ (0.31 g/t Au, 18 g/t Ag) in drill hole 26-14.
- Intercepted 306.6m grading 0.54 g/t AuEQ (0.23 g/t Au, 12 g/t Ag) in drill hole 26-14.
- High-grade vein intercepts include 1.3m grading 10.21 g/t AuEQ (7.26 g/t Au, 145 g/t Ag).
- Identified broad porphyry molybdenum mineralization, including 396.0m grading 0.017% Mo.
- Historical drill core analysis revealed 10.3 g/t gold over 0.9m at the 61 Zone.
- Company has $2.6 million in working capital for continued exploration.
- Phase 5 drilling is scheduled to mobilize in September 2026.
Price Impact
More from QZMRF