Quartz Commences Drilling at Prodigy High Grade Precious Metals Discovery on Its Maestro Property in British Columbia

VANCOUVER, BC / ACCESS Newswire / April 9, 2025 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC PINK:QZMRF) ("Quartz" or the "Company") is pleased to announce diamond drilling has commenced at the Prodigy gold and silver discovery located on its Maestro Property in central British Columbia. The Property is located 45 kilometers ("km") south of Smithers with year-round road access and nearby infrastructure including rail, hydroelectricity, and natural gas. Earlier results announced in 2024, from Quartz's initial two drill holes at Prodigy, included 102 meters grading 2.22 g/t gold ("Au") with 104 g/t silver ("Ag") and 36 meters of 5.73 g/t Au with 87 g/t Ag.

Drilling results from Maestro announced in 2024 succeeded in discovering a significant new and highly mineralized system at Prodigy. The initial focus of the current drill program is to follow up the discovery with additional delineation drilling aimed at expanding the known extent of the newly discovered mineralized system. The current phase of drilling commenced with one core rig and, subject to results, is expected to continue in multiple sequential phases of drilling during 2025. Assay results from the current phase of the program will be announced as soon as they are received and compiled.

"Quartz was built with a clear mission: to discover and transact high-value gold-silver-copper projects that are coveted by major operators," said Chairman Bob Dickinson. "With the recent closing of our $4.2 million private placement we now are fully funded and progressing forward on delineation drilling of the Prodigy discovery on our Maestro Project. Earlier results announced in 2024, from our initial two drill holes at Prodigy, surpassed our expectations. Those results included 102 meters grading 2.22 g/t Au with 104 g/t Ag and 36 meters of 5.73 g/t Au with 87 g/t Ag. Early observations suggest there are multiple overlapping gold, silver, molybdenum ("Mo") and copper ("Cu") mineralizing events that resulted in multiple deposit targets across the Maestro Property. Experienced management, strong funding support, surging metals prices, combined with our reduced risk discoveries that are ready for drill delineation, support Quartz's objective to achieve its goal." concluded Dickinson.

The Maestro Property completely covers the large Lone Pine molybdenum deposit and Quartz's targeted, and potentially related, large scale epithermal precious metals systems like Prodigy that occur up to several kilometers outboard of Lone Pine. Quartz's initial two Prodigy scout discovery holes (PR-23-01 and PR-23-02) announced in April 2024 combined with results from ten historical core holes drilled in the period 2007-2011 by a past operator (see Figure 1, Prodigy Drill Hole Plan Map) intersected a high-grade Au-Ag lode and also high grade Ag-Au veins, with both styles of mineralization hosted within an extensive epithermal Ag-Au system (see Table 1 and Table 2). The lode and veins along with the more bulk-style disseminated precious metals that have been intersected by the holes are all hosted within a large and earlier deposited Mo-Cu porphyry system. Together, these results represent the discovery of a substantial new Au-Ag system at Maestro with drill intersections indicating high potential for both bulk tonnage and high-grade mineralization, potentially related to the Lone Pine Mo-Cu porphyry deposit located on the Property approximately 1 km south of the Prodigy discovery.

Table 1. Prodigy drill hole assay results from drill holes PR-23-02 and PR-23-01. See Figure 1 for reference plan.