Quartz Mtn Res Ltd - QZMRF STOCK NEWS

Quartz Mountain Resources (TSXV:QZM)(OTC PINK:QZMRF) has entered into a consulting services agreement with Acuity Advisory Corp for investor relations services, pending TSX Venture Exchange approval. The agreement, dated January 15, 2025, has a 12-month term with a monthly fee of $7,500. Acuity will receive 500,000 stock options at $0.435, vesting quarterly.

Acuity, based in Vancouver, specializes in corporate communications for Canadian and U.S. listed companies, focusing on junior mining and mineral exploration sectors. The firm's principals, Jeffrey Wilson and Roger Blair, bring 50 years of combined public markets experience.

Quartz also announced the launch of new social media initiatives, including an updated website and corporate presentation. The company will showcase Discovery Core from its Maestro and Jake projects at the AME Round Up on January 20-21 in Vancouver Convention Centre East, booth #924.

Quartz Mountain Resources (QZMRF) has announced a significant copper-gold-silver porphyry discovery at its Jake Project in British Columbia, 160 kilometers north of Smithers. The discovery came from a maiden seven-hole, 3,418-meter scout drilling program, with drill hole JK24-05 yielding combined copper intercepts totaling 355 meters.

The company has also acquired additional mineral claims surrounding the Jake discovery, potentially establishing an entire new porphyry copper-gold district. The most significant intersection in hole JK24-05 included 215.86 meters at 0.32% copper equivalent, with higher-grade sections showing up to 0.49% copper equivalent over 34.88 meters.

Following this discovery, Quartz plans to conduct drill delineation programs during 2025, starting at their Maestro Project (Phase One) and later at Jake (Phase Two). The Jake property shows geological similarities to the past-producing Bell Mine, currently owned by Glencore.

Quartz Mountain Resources (TSXV:QZM)(OTC:QZMRF) reports significant achievements in 2024, including a major gold-silver discovery at the Maestro Project and completion of 3,418 meters of drilling at the Jake Project. The company's second scout drill hole at Maestro's Prodigy area intersected 102 metres grading 2.22 g/t Au and 104 g/t Ag. A $3.25 million financing was completed in June 2024. For 2025, plans include releasing Jake drill results in January and conducting a major delineation drill program at Maestro in H1. The company is fully funded and holds permits for both projects, which share geological similarities with established mines in British Columbia.

Quartz Mountain Resources (TSXV:QZM)(OTC PINK:QZMRF) has completed 3,418 metres of core drilling in seven holes at its 100% owned Jake project in British Columbia. The company's goal is to discover a significant porphyry copper-gold-silver deposit. Core samples have been delivered to ALS Global for analysis, with results expected in early September. The Jake project is one of two key projects being developed by Quartz in BC, following initial drilling at the Maestro Project. The company is targeting high-value, high-demand projects with strong potential for mine development. Quartz Chairman Bob Dickinson expressed confidence that this drill program will advance the Jake opportunity, based on historical data suggesting a significant porphyry Cu-Au discovery potential.

Quartz Mountain Resources has commenced core drilling at its Jake Porphyry Copper-Gold-Silver Project in British Columbia, supported by a recently secured $3.25 million financing. The drilling initiative aims to identify a significant porphyry deposit, with initial plans to drill five holes totaling 2,500 meters. Historical data and recent surface exploration, including airborne magnetic surveying and geochemical sampling, support the potential for a major discovery. The project follows successful initial drilling at Quartz's Maestro Project, which revealed high-grade gold-silver lode mineralization.

Quartz Mountain Resources has secured $3.255 million through a private placement. The financing, announced on May 6, 2024, involved issuing 9,300,000 shares at $0.35 each. A notable investor, The Sutton Group, purchased 6,000,000 of these shares, becoming an insider. Additionally, 3,300,000 flow-through shares were issued to Chairman Robert Dickinson. Proceeds will fund exploration of the Jake and Maestro projects in British Columbia and general working capital.

With this funding, Quartz will commence drilling at the Jake Porphyry Copper-Gold-Silver Property in mid-June. This follows promising discoveries at the Maestro Project. Chairman Dickinson emphasized the strategic importance of these projects in meeting global demand for porphyry deposits, vital for copper, gold, and silver resources.

Quartz Mountain Resources is raising $3.26 million through the issuance of new common shares, with key investor The Sutton Group Inc. committing to purchase a significant portion. The funds will be used for exploration of Canadian mineral projects and general working capital. The company's shares will increase to 58,118,030 upon completion of the issuance. The transaction is subject to TSX Venture Exchange approval and is expected to finalize in May 2024.

Quartz Mountain Resources announces a significant new discovery at Maestro property in British Columbia, with promising assay results from diamond drill holes. The discovery of a substantial Au-Ag system at Maestro is seen as a strategic move towards high-value projects. The results validate Quartz's modern approach to asset development, positioning the company well in the market.

Quartz Mountain Resources announces the acquisition of Lone Pine Claim and North Claim, consolidating mineralized systems under its Maestro Property. The company completed diamond drilling at the Prodigy target, expecting results soon. Historical drilling at Lone Pine revealed significant molybdenum deposits, hinting at potential gold and silver mineralization. The acquisitions enhance the company's strategic plan for the Maestro Project.