Quartz Mountain Resources Ltd. reported that its Phase 3 drilling program on the Maestro property produced a 123‑meter intercept grading 0.79 g/t AuEq and a 315‑meter intercept grading 0.73 g/t AuEq, extending the Prodigy gold‑silver mineralization further than previously mapped.
Compared with Phase 1 and Phase 2 results, the Phase 3 intercepts represent a 30‑percent increase in average grade and a 25‑percent increase in width, indicating a broader and higher‑grade target area than earlier phases.
The AuEq figures were calculated using a gold price of $1,800 per ounce, a silver price of $25 per ounce, and a copper price of $4,000 per tonne, with a 1:1 gold‑equivalent conversion for silver and copper. The cut‑off grade for the project is 0.5 g/t AuEq, so the new intercepts comfortably exceed the economic threshold.
The company’s treasury stands at approximately $2.6 million, and it continues to operate with negative cash flow, underscoring the importance of advancing the project toward a transaction or partnership with a larger operator. Management emphasized that the new data support the company’s strategy to de‑risk the asset and position it for a potential sale.
Phase 4 drilling is scheduled to begin in early February 2026, with the goal of further delineating the Prodigy discovery and refining the resource estimate. Management noted that the recent results strengthen the case for a future transaction and reaffirm the company’s focus on high‑value exploration projects.
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