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Quartz Mountain Outlines New Copper and Silver Systems at Galaxie and ZNT Projects, British Columbia
VANCOUVER, Jan. 29, 2013 /CNW/ - Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V:...
About this update from Quartz Mountain Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Jan. 29, 2013 /CNW/ - Quartz Mountain Resources Ltd. (\"Quartz\n Mountain\") (TSX-V: QZM; OTC: QZMRF) announces results from exploration\n programs completed in 2012 at the Galaxie and ZNT projects in British\n Columbia (BC).  Induced polarization (IP) geophysical, prospecting and\n geochemical sampling surveys were undertaken at the Company's Galaxie\n porphyry copper property, located near Dease Lake and the ZNT\n silver-zinc project, located near Houston. These surveys delineated\n extensive soil and coincident IP anomalies indicating high potential\n for the discovery of new bulk tonnage-style copper and silver deposits.\n Targets on each property are ready for drill testing, with permits\n received from government for both projects.\n\n\nQuartz Mountain is the operator of the ZNT and Galaxie projects (the\n \"Projects\"), which are owned 60% by Quartz Mountain and 40% by Amarc\n Resources Ltd. (\"Amarc\").  Amarc can acquire up to a 50% ownership\n interest by funding exploration expenditures in relation to the\n Projects.\n\n\nZNT\n\n\nThe ZNT Project was staked based on anomalous zinc in till geochemical\n samples in information released by Geoscience BC. A successful\n reconnaissance 256-sample soil geochemical program at ZNT was followed\n by a detailed 2,223-sample soil geochemistry grid and a 20 line-km IP\n geophysical survey. A high contrast 1,800 m by 1,200 m silver-zinc\n anomaly was defined within an open-ended anomalous trend. This\n significant silver anomaly is in part coincident with an extensive IP\n chargeability anomaly indicating the presence of a large scale\n mineralizing system (see map with the news release on the Company's\n website at www.quartzmountainresources.com). The Company has recently undertaken additional compilation work on\n the area and acquired further ground, expanding the property to 389\n square kilometres.\n\n\nGALAXIE\n\n\nThe Galaxie Project lies within the Stikine Terrane, a well-endowed belt\n of rocks that hosts a number of important copper and gold deposits in\n northwestern BC.  Exploration activities in 2012 were undertaken at\n five target areas as well as at the Gnat porphyry copper deposit.\n\n\nPrograms at the five target areas included mapping, prospecting,\n collection of 6,155 soil samples and a 290 line km IP geophysical\n survey...