Speculative Value Rating for Quartz Mountain Resources Ltd

Upgrade from Bottom-Fish to Fair Spec Value rated Favorite

Quartz Mountain Resources Ltd has been a member of the Bottom-Fish Collection from 2023 onward and was confirmed on November 13, 2024 at $0.355 for the 2025 Bottom-Fish Collection. On April 23, 2025 Quartz Mountain was added to the 2025 Favorites Collection with a Fair Spec Value rating at $0.78 based on the potential of a drill program started in early April 2025 to confirm the Prodigy Zone on the 100% owned Maestro project in central British Columbia as either a bulk tonnage gold-silver deposit comparable to the Blackwater deposit that Artemis Gold Inc has put into production, or as an underground mineable high grade gold-silver lode-vein system. The property hosts the Lone Pine molybdenum deposit which has been taken to the level of a PEA, but it is too small and low grade to ever qualify for standalone development. Past exploration has tested the volcanics beyond the moly porphyry deposit above the underlying multi-phased granitic intrusion which has yielded evidence of intermediate sulphidation epithermal style gold-silver mineralization, but the results have never hung together sufficiently to guide a deposit delineation drill program. That changed in late 2023 when Quartz Mountain drilled a pair of scissor holes in the Prodigy area that helped establish the direction of the structural controls and possibly explain why past vertical holes had such hit and miss results. In early April 2025 Quartz Mountain started an 8 hole drill program consisting of four sets of 2 angled holes designed to test the shallow and deeper parts of a 500 m segment of the inferred northeast oriented Prodigy Trend. Following a $4.2 million unit financing at $0.42 that closed in March Quartz Mountain has about $5 million working capital. The company is headed by Bob Dickinson with insiders owning about 67% of the 68.9 million issued (74.5 million fully diluted). The financing eliminated an important missing piece, with the only remaining missing piece being assay confirmation that the new mineralizing model for the Prodigy Trend is correct. Assays should start arriving some time in May. The property has year round access so discovery confirmation could transition to year-round delineation drilling. Plan B would involve returning to the Jake copper-gold porphyry project, also in British Columbia, where drilling in 2024 confirmed the presence of copper-gold mineralization.