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Quartz Mountain Completes 3,418 Metres of Core Drilling at Jake Property in British Columbia
VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Quartz Mountain Resources Ltd. (" Quartz " or the...
About this update from Quartz Mountain Resources Ltd.
[{"type":"text","content":"Quartz Mountain Completes 3,418 Metres of Core Drilling at Jake Property in British ColumbiaVANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Quartz Mountain Resources Ltd. (\"Quartz\" or the \"Company\") (TSXV:QZM)(OTC PINK:QZMRF) announces that it has completed 3,418 metres of core drilling in seven holes at its 100% owned Jake project, located 160 kilometres north of Smithers, BC. Core samples have been delivered to ALS Global for analysis. The goal of Quartz's initial drill program and exploration strategy at Jake is to discover a significant porphyry copper-gold-silver deposit. Porphyry deposits are the world's most important sources of copper and gold, and their discovery presents the potential for outsized gains.The work completed at Jake supports the Company's strategy of targeting high value, high demand projects that have strong potential for mine development in order to advance assets that are attractive to potential transaction partners.\"The completion of the 2024 drill program at Jake is a significant milestone for this project and for Quartz,\" said Quartz Chairman Bob Dickinson. \"Now that the targeted drill program is complete, a total of 1,400 core samples from the Jake drill holes have been delivered to the lab for analyses and we are targeting early September for the release of the assay results. Historical data suggests a significant opportunity for an important porphyry Cu-Au discovery, and we are confident this recently completed drill program will advance the Jake opportunity.\"Figure 1: Plan view map of drillholes completed at Jake during Summer 2024 exploration program. The Jake project is one of two key projects being developed by Quartz in British Columbia. The Jake drill program follows initial drilling at the Company's Maestro Project which discovered an exciting high-grade, gold-silver lode hosted within extensive precious metal mineralization (see Quartz news release dated April 9, 2024).\"We remain focused on achieving important milestones on both the Jake and Maestro Projects, and the completion of this drill program represents an important step on the path to our ultimate transaction milestone. The Quartz team is committed to creating Canada's next great mineral success story,\" concluded Dickinson.Figure 2: Site crew examining drill core at Jake processing facility. A total of 1,400 core samples ...