Quartz Mountain Resources Ltd. (company) announced an important new discovery at the company?s Maestro property located 15km north of Houston, British Columbia (BC). The company has received assay results from its first two diamond drill holes (total 1,445m) completed in December 2023, at the Prodigy target at Maestro and the results support it?s strategy of developing high value, high demand projects. Diamond drill hole PR-23-02, the company?s second hole at Prodigy intersected: 102 meters grading 2.22 g/t Au and 104 g/t Ag (3.49 g/t AuEQ1, 270 g/t AgEQ); Including 12 meters grading 1.23 g/t Au and 586 g/t Ag (8.01 g/t AuEQ, 752 g/t AgEQ) And additionally 36 meters of 5.73 g/t Au and 87 g/t Ag (6.69 g/t AuEQ, 471 g/t AgEQ).

The results represent the discovery of a substantial new Au-Ag system at Maestro, potentially related to the Lone Pine Mo-Cu porphyry deposit located approximately 1km south of the Prodigy discovery. Assay results from PR-23-02 and PR-23-01 combined with results from 10 historical core holes drilled in the period 2007-2011 at Prodigy by a past operator, Bard Ventures Ltd, within an area measuring 275 meters north-south by 400 meters east-west indicate Quartz has discovered a high-grade Au-Ag lode, hosted within an extensive epithermal Au-Ag system. The lode and the more disseminated precious metals, intersected by holes PR-23-01 and PR-23-02, are both hosted within a large and earlier deposited, Mo-Cu porphyry system.

In addition to the exceptional results produced by PR-23-02, broad widths of near-surface mineralization were also demonstrated by hole PR-23-01, collared 230 m north-west of hole PR-23-02. This furthest-west hole on the Prodigy Target intersected 348 m of 32 g/t AgEQ (13 g/t Ag, 0.13 g/t Au and 0.015 % Mo) from 45 metres downhole. It lists results of 6 historical holes drilled at Prodigy that host precious metals.

The combined results indicate high potential for both bulk tonnage and underground high-grade mineralization.