Quartz Mountain through 2,476 m of drilling at Maestro

Executive Summary

• Quartz Mountain Resources has completed 2,476 m of Phase 3 diamond drilling across five core holes at the Prodigy gold‑silver discovery on its Maestro property, with two more holes planned to bring total Phase 3 depth to ~3,700 m.
• Assay results for all seven Phase 3 holes will be released in mid‑September; 694 split core samples have already been sent to ALS Canada for analysis.
• The company announced the engagement of Dr. Farhad Bouzari (UBC) as a scientific adviser to conduct detailed geological studies across Phases 1‑3, enhancing exploration decision‑making.

Key Details

• Drilling Completed: 2,476 m in five holes (Phase 3); total Phase 3 target ≈3,700 m after two additional holes.
• Assay Status: 694 split core samples dispatched to ALS Canada; results expected mid‑September 2026.
• Funding: $3 million cash on hand supporting ongoing delineation drilling.
• Geological Insight: Overlapping Au, Ag, Mo, and Cu mineralizing events identified, indicating multiple high‑grade vein and bulk‑tonnage targets across Maestro.
• Historical Context:
• Phase 2: 3,255 m in four holes (PR25‑03 to PR25‑06).
• Phase 1: 1,446 m in two holes (PR23‑01 to PR23‑02) that discovered the Prodigy zone.
• Mineralization Extent: Gold‑silver zones intersected from near surface laterally ~325 m and to depths >650 m; magnetic low with eye‑shaped geometry suggests a substantial system.
• Advisory Appointment: Dr. Farhad Bouzari (University of British Columbia) contracted to perform detailed scientific studies on geology, alteration, and mineralization across all drilling phases.
• Future Plans: Sequential drill programs scheduled throughout 2025 to further delineate the Prodigy discovery; Jake project drilling slated after Maestro work completes in 2025.

Notable Quotes

“With funding of $3‑million currently on hand our focus is on efficiently and effectively progressing delineation drilling of the Prodigy discovery… Sequential drill programs are planned during 2025 to progress Quartz's mission to discover and transact high‑value gold‑silver‑copper projects that are coveted by major operators.” – Bob Dickinson, Chairman

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.