Quartz Mountain Resources Ltd. announce that it has completed the acquisition of 100% of the Jake Porphyry Copper-Gold-Silver Property, which is located 160 km north of Smithers, British Columbia. The Company now owns 100% of the Jake Property and also 100% of the Maestro Gold-Silver-Copper-Molybdenum Property. The Company recently obtained BC Mines Act Permits for 50 drill sites for each of the Jake and Maestro properties 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.