Quartz Mountain Resources Ltd. recently obtained BC Mines Act Permits for 50 drill sites for each of the Jakeand Maestroproperties and drilling is being planned to start in 2024. Quartz Mountain acquired the Jake Property after comprehensive research, review and analysis of historical data indicated the potential for the discovery of gold-rich porphyry copper deposits as well as gold-silver low-sulphidation epithermal type and silver-rich polymetallic vein systems. Jake Property mineralization is contained within a prominent gossan measuring 3.5 km long by 1.5 km wide over an elevation of more than 800 m. Within this large scale target is a swarm of north trending Babine age monzonite dykes intruding sedimentary rocks that host extensive areas of alteration and mineralization. To accurately delineate high-potential porphyry Cu-Au deposit targets on the Property a series of modern exploration programs, including a detailed airborne magnetic survey, geological mapping/geochemical sampling and geochemical modeling were systematically undertaken to build further on the very compelling historical data.

In 2022, an IP survey was conducted with the results indicating the presence of an extensive sulphide mineral system underlying an area of highly anomalous Cu, Au, Ag, and Mo values in soils. A single, historical, shallow (121 m) diamond drill hole, cored in 1973 within the area of this developing important scale target, bottomed in intrusive rock hosting pervasive potassic alteration and Cu-Au-Ag porphyry stockwork type mineralization.