QGold Reports Results from Its Drilling Campaigns at Its Mine Centre Gold Project
Exploration stage company advancing high-grade gold projects in Ontario and a large-scale resource in Oregon.
The most recent news release (February 18, 2026) reports results from a 10-hole diamond drilling campaign at the Mine Centre Gold Project in Ontario. Key findings include: - Significant high-grade intercepts: Hole Q25_28 returned 36.7 g/t Au over 0.5 meters; Hole Q25_31 returned 8.1 g/t Au over 0.7 meters. - Strategic Shift: COO Andy Rompel indicated that the frequency of vein stockworks identifies a potential "shift in thinking" toward an open-pit mining scenario rather than strictly underground mining of thicker veins. - 2026 Outlook: Plans for the upcoming spring/summer include LiDAR surveys, field mapping, and further drilling to support a maiden NI 43-101 resource estimate.
The impact is Material - Positive for the following reasons: - Validation of Grade: The results confirm the presence of high-grade gold mineralization near the historic Foley Gold Mine. While the widths are narrow (0.5m to 1.7m), the grades are high enough to support economic interest. - Strategic Pivot: Moving toward an open-pit evaluation suggests the company is looking for a larger-scale, lower-cost development route, which could attract different classes of investors if the volume of mineralization is proven. - Continuity: This news builds on the "transformational" acquisition of the Quartz Mountain project (October 2025) and the subsequent $11.5M financing, showing that the company is actively deploying capital across its portfolio rather than focusing solely on its new Oregon asset. - Critical View: The reported widths are extremely narrow. While 36.7 g/t is impressive, a 0.5-meter interval is difficult to mine without significant dilution. The "open-pit" talk is currently speculative and requires much higher drill density to prove a bulk-tonnage scenario.
Q-Gold Resources is a dual-project explorer. - Flagship Project (Quartz Mountain, Oregon): Acquired from Alamos Gold in October 2025. It holds an Indicated Mineral Resource of 1.543 million ounces of gold (50M tonnes at 0.96 g/t). It is a later-stage exploration project currently undergoing a PEA. - Secondary Project (Mine Centre, Ontario): A collection of 10,000+ acres covering the historic Foley and Golden Star mines. The project is in the exploration stage, aiming for a maiden resource.