Quartz Mountain posts Phase 4 drill from Maestro Project, British Columbia

Quartz Mountain Resources Ltd. [TSXV: QZM; OTCQX: QZMRF] reported assay results from the Phase 4 core drilling program at its 100%-owned Maestro Project in central British Columbia. The results continue to expand the open-ended Prodigy gold-silver discovery and confirm four related mineralization styles (near-surface epithermal gold-silver-molybdenum mineralization, high grade epithermal gold-silver veins, an underlying porphyry gold system and porphyry molybdenum (±copper) deposits.

The potential of the Maestro Project is further enhanced by age dating of Prodigy’s gold-silver mineralization which compares to the age of the mineralizing event associated with BC’s new Blackwater Gold-Silver Mine located near Vanderhoof to the south.

The company’s immediate priority is the continued delineation and expansion of the high-potential Prodigy near-surface epithermal gold-silver discovery. Building on the strong drill results and geological insights gained from Phases 1 through 4 drill programs, Phase 5 drilling is planned to mobilize in September 2026, as rigs become available.

With a working capital position of $2.6 million and a British Columbia drill permit already in hand covering 37 additional drill sites, Quartz is well positioned to continue unlocking the important potential of the new Prodigy gold-silver discovery.

The Phase 4 program comprised eight drill holes (26-14 through 26-21) totaling 4,366 metres. Five scout holes tested targets up to 500 metres east of the Prodigy discovery, while three scout holes were drilled up to 300 metres west. Combined drilling completed at the Prodigy discovery during Phases 1 through 4 now totals 12,951 metres across 21 drill holes.

Phase 4 drill program highlights include: Multiple new intercepts of near surface epithermal gold-silver mineralization including 306.6 metres grading 0.23 g/t Au, 12 g/t Ag, 0.020% Mo and 0.03% Cu: 0.54 g/t AuEQ (26-14); 163.9 metres grading 0.31 g/t Au, 18 g/t Ag, 0.024% Mo and 0.04% Cu: 0.72 g/t AuEQ (26-14) and 59.0 metres grading 0.31 g/t Au, 5 g/t Ag, 0.014% Mo and 0.03% Cu: 0.50 g/t AuEQ (26-19).

Expansion of the northwest-trending Prodigy epithermal gold-silver system to a mineralized volume measuring approximately 600 metres long, 100 to 200 metres wide, and up to 500 metres deep.

Multiple new intercepts of higher grade gold-silver veins including: 2.4 metres grading 5.09 g/t Au, 46 g/t Ag, 0.029% Mo and 0.02% Cu: 5.86 g/t AuEQ (26-14), 3.0 metyres grading 2.17 g/t Au, 246 g/t Ag, 0.003% Mo and 0.00% Cu: 5.20 g/t AuEQ (26-17) and 1.3 metres grading 7.26 g/t Au, 145 g/t Ag, 0.054% Mo and 0.60% Cu: 10.21 g/t AuEQ (26-21).

Multiple broad intervals of porphyry molybdenum (± copper) mineralization east of Prodigy, supporting the emergence of a second large molybdenum deposit on the Maestro Property: 151.0 metres grading 0.026% Mo and 0.04% Cu (26-15), 396.0 metres grading 0.017% Mo and 0.03% Cu (26-16) and 97.0 metres grading 0.021 Mo and 0.03% Cu (26-17).

Bob Dickinson, Chairman, stated: “Phase 4 drilling continued to reveal the promising precious metal potential of the Maestro Project. We have significantly expanded the Prodigy gold-silver system while continuing to identify additional epithermal and porphyry-style mineralization across the property. The geological relationships we are observing are highly encouraging and compare favourably with several important mineral districts in British Columbia. We believe Prodigy represents only part of an important mineralizing system, and we are keen to advance Phase 5 drilling to continue unlocking the exciting potential of the Maestro Project.”

While Phase 4 drilling was not specifically designed to target deeper porphyry gold mineralization, several holes intersected broad zones of porphyry molybdenum (±copper) mineralization east of the Prodigy discovery. These results combined with nearby historical drill hole results support the emergence of a potentially significant molybdenum system adjacent to Prodigy that may be comparable in scale to the Company’s Lone Pine molybdenum deposit, located approximately one kilometre to the south. The Lone Pine deposit contains Measured and Indicated Resources of 110 MT grading 0.083% Mo at a 0.04% Mo cut-off as described in NI-43-101 Technical Report, effective January 21, 2011, by P&E Mining Consultants Inc. for Bard Ventures Ltd.

In addition to completion of the Phase 4 drill program, the company has also completed a program of analyzing for gold in most historical drill pulps completed by previous operators between 2008 and 2012. This gold-only re-assay program identified multiple previously unrecognized gold-bearing drill core intersections across the Maestro Property, highlighting the potential for gold mineralization beyond the existing Prodigy discovery.

Historical exploration focused primarily on delineating the Lone Pine molybdenum deposit, with most drill holes never analyzed for gold. Following Quartz’s discovery of the Prodigy epithermal gold-silver system, the company initiated a systematic review of historical drilling and archived samples using modern high-sensitivity gold assaying.

Notably, historical drilling at the 61 Zone, located approximately 500 metres southeast of Prodigy and 400 metres northeast of the Lone Pine molybdenum deposit, returned anomalous to high-grade gold values. Results include a shallow (approximately 100 metres below the surface) vein grading 10.3 g/t gold over 0.9 metres confirming a robust gold-bearing structure within a largely underexplored corridor situated between two major mineralized centers, Prodigy Au-Ag and Lone Pine Mo deposits.

In addition, a historical drill hole southwest of the Lone Pine deposit, originally drilled for molybdenum in 2008 and not assayed for gold, returned 5.6 g/t gold over two metres within a vein at 215 metres depth. Taken together these discoveries reinforce the widespread nature of precious metal mineralization across the Maestro Property and suggest the presence of multiple gold and silver bearing systems.

“The identification of high-grade gold veins in historical drill holes which were focused on delineation of molybdenum is further revealing the property’s mineral endowment potential and supports the view that Prodigy may represent only one component of extensive and robust precious metal mineralizing systems,” said Mr. Dickinson. “The 61 Zone occupies a strategic position between the Prodigy Au-Ag discovery and the Lone Pine Mo deposit, potentially linking two important mineralized centers within a broader hydrothermal system. The Company will incorporate these results into its rapidly evolving geological model to guide future drilling and target generation.”

Quartz Mountain Resources is well-funded and owns 100% of the Maestro gold-silver project and 100% of the Jake porphyry copper-gold-silver project. Both projects are permitted by the BC government for drilling activities with access to infrastructure and high potential for the development of substantial resources for significant future transactions.

Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35 years of successfully discovering, developing and transacting mineral projects in Canada and internationally.

The Maestro Project, located in central BC, lies adjacent to Highway 16, approximately 15 km north of Houston and 45 km south of Smithers, providing year-round road access to the project and nearby infrastructure including, rail, hydroelectricity, and natural gas.

This logistical advantage, near resource supporting centres, positions the Maestro Project favourably for potential development. Covering 2,516 hectares, it has a rich exploration history dating back to 1914, primarily focusing on the Lone Pine Mo-Cu porphyry deposit and not the precious metals potential of the surrounding area.

Since acquiring the property, Quartz has conducted property-wide comprehensive geochemical and geophysical surveys, including soil and silt sampling, induced polarization geophysics, airborne magnetic surveys, hyperspectral analyses, and detailed relogging of drill core from key historical holes located across the Prodigy area.

Quartz’s first ever drill test on its Maestro Property, a Phase 1, two-hole drill program at the Prodigy Zone, discovered high-grade Au-Ag lodes and Ag-Au veins which are both hosted within an extensive epithermal Au-Ag system. The Au lodes and Ag veins along with the more disseminated precious metals intersected by the drill holes are all hosted within a large and earlier deposited, Mo-Cu porphyry system.

Quartz’s second core hole, PR23-02, intersected 102 metres grading 2.22 g/t Au and 104 g/t Ag, including 12 metres grading 1.23 g/t Au and 586 g/t Ag as well as a separate interval of 36 metres grading 5.73 g/t Au and 87 g/t Ag.

These results indicate high potential for both bulk tonnage and underground high-grade gold and silver mineralization. Phase 2 and Phase 3 delineation-type drilling of the Prodigy discovery at Maestro was completed in August 2025, followed by the completion of Phase 4 drilling on site in April 2026. This staged drilling is outlining a unique Gold Porphyry system that is closely integrated with Epithermal Au-Ag and Porphyry Cu-Mo mineral systems. Drilling at Maestro is planned to be consistently advanced with multiple drill program stages going forward. Mineralization remains open promising significant further potential, and multiple other precious metal deposit targets exist to be considered.

The 100%-owned Jake Property is located 160 km north of Smithers, north central BC. It is accessible by helicopter and close to the Minaret airstrip and historical logging roads providing connections to mining support towns of Smithers, Fort St. James and Hazelton.

Mineralization at Jake is situated within a prominent rusty coloured gossan measuring 3.5 km long by 1.5 km wide. The combination of extensive historical and recent exploration work has outlined a very expansive altered area at Jake hosting epithermal and porphyry-style sulphide disseminations and veinlets containing Cu-Au-Ag-Zn-Mo and Re. A series of modern surface exploration programs were first completed by Quartz to build on very compelling historical data on the property developed by porphyry copper explorers, including Kennco, Canadian Superior, Cities Service, Placer Development and Teck Corp.

Taken together, this comprehensive technical database defined a significant-scale porphyry Cu-Au deposit target which Quartz tested with 3,418 meters of drilling in seven holes during 2024. This drill program successfully discovered a new porphyry Cu-Au-Ag system, wide open to expansion. Upon discovery, Quartz acquired a 100% interest in mineral tenures over an entire new BC porphyry Cu-Au district surrounding the Jake Property. The next milestone towards a transaction will be delineation drilling of the new Jake discovery, currently being planned to commence after substantially advancing the Maestro Project.