Q-Gold Resources Ltd. announces an updated mineral resource estimate for its Quartz Mountain property in Oregon. The Technical Report filed on October 20, 2025, details the findings, including an indicated mineral resource of 1.543 Moz Au at a grade of 0.96 g/t Au and an inferred mineral resource of 0.148 Moz Au at a grade of 0.77 g/t Au.
The Quartz Mountain Gold Project in Oregon consists of two properties with two identified deposits, Crone Hill and Quartz Butte, approximately one kilometer apart. A total of 772 drill holes were used for the Mineral Resource Estimate, with approximately 81,000 meters of exploration drilling on the Quartz Mountain Gold Project.
The Mineral Resource Estimate is amenable to conventional open-pit mining methods. The indicated mineral resource includes a total of 1.543 Moz Au at a grade of 0.96 g/t Au, while the inferred mineral resource includes a total of 0.148 Moz Au at a grade of 0.77 g/t Au. The estimate is based on an effective date of September 26, 2025.
The updated Mineral Resource Estimate is a significant milestone for Q-Gold, showcasing the potential of the Quartz Mountain Gold Project. With the completion of the Technical Report, the Company will assess the economic viability of the project and begin the permitting process to advance into the next phase of development.
Dr. Andreas Rompel, Vice President of Exploration at Q-Gold, highlights the substantial increase in mineral resource estimate to over 1.54 million ounces in the indicated category. The quality and consistency of mineralization at Quartz Mountain are evident, with the potential for further expansion through continued exploration.
Q-Gold Resources Ltd. is a North American gold resources exploration company focused on advancing its Mine Centre Project in Canada and the Quartz Mountain Gold Project in Oregon. The Company aims to become an intermediate gold producer by leveraging its district-scale potential in mining-friendly jurisdictions.
Read more at GlobeNewswire: Q-Gold Resources Files NI 43-101 Technical Report on