Quartz Mountain Resources Expands Maestro Project with Strategic Acquisitions

Quartz Mountain Resources Ltd., a Vancouver-based mining company, has announced its acquisition of two critical mineral claims, the Lone Pine Claim and the North Claim, under two separate transactions. These claims, totaling 169 hectares, are situated within the Maestro Property, approximately 15km north of Houston, British Columbia. The acquisition advances Quartz's strategic goal of developing the Maestro Project, which spans an area of 2,309 hectares and contains multiple precious and base metal systems.

In December 2023, Quartz undertook a significant exploration initiative, completing 1,445 meters of diamond drilling across two holes, targeting the Prodigy Au-Ag-Mo-Cu epithermal site near the Lone Pine deposit. The company also carried out geophysical surveys over this area, with the analysis of 482 core samples underway and results expected shortly. Bob Dickinson, Quartz's Chairman, underscored the acquisitions' role in propelling the Maestro Project forward, leveraging the significant molybdenum porphyry deposit at Lone Pine as a potential heat source for further mineralization.

Quartz acquired the Lone Pine claim from Eagle Plains Resources Ltd., comprising 750,000 common shares of Quartz and a 2% NSR royalty. The North Claim was acquired from Shawn Merkley for $24,000, 45,000 common shares, and a similar royalty arrangement. Both acquisitions are subject to standard regulatory approvals.

The historical drilling at Lone Pine has delineated a substantial molybdenum porphyry deposit, with detailed resource estimates documented. However, Quartz notes that further work is required to update these historical estimates to current mineral resources.