QGold Begins Preliminary Economic Assessment for Quartz Mountain
Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF) is thrilled to announce a significant development in its Quartz Mountain Gold Project. The company has engaged Kappes, Cassiday & Associates for a preliminary economic assessment (PEA), marking the next step in progressing this promising asset.
Collaboration with KCA on the PEA
In recent weeks, QGold signed a pivotal agreement with KCA, a leading engineering firm known for its expertise in the mining sector. This collaboration aims to evaluate the economic potential of the Quartz Mountain Gold Project, located in an historically productive mining area.
Unlocking Shareholder Value
Peter Tagliamonte, President and CEO of QGold, expressed enthusiasm about this partnership, noting its potential to unlock significant value for shareholders. "With our recent financing and now the engagement of KCA, we are poised to embark on an incredibly active phase of development for the Quartz Mountain Gold Project," he shared.
The Importance of the Project
Acquired from Alamos Gold in the latter part of the year, the Quartz Mountain Project is seen as a key asset for QGold. The initiation of the PEA follows a comprehensive mineral resource estimate completed just recently, which highlights the project's solid foundation.
Key Highlights of the Mineral Resource Estimate
The Mineral Resource Estimate reveals promising figures that showcase the potential of the Quartz Mountain Project. Approximately 1,543,000 ounces of gold and 2,049,000 ounces of silver have been identified. This estimation positions the project favorably for conventional open-pit mining methods.
Key Figures in the Resource Estimate
- 1,543,000 ounces of gold with a grade of 0.96 g/t
- 2,049,000 ounces of silver with a grade of 1.27 g/t
- Additional inferred resources include 148,000 ounces of gold and 135,000 ounces of silver
Strategic Considerations for QGold
As the PEA progresses, it will provide insights into various aspects such as mining methods, processing options, and both capital and operating costs. KCA's extensive experience in the mining realm will prove invaluable in guiding this essential evaluation.
Future Technical Studies
Upon completion of the PEA, the results will serve as a crucial foundation for future technical studies as well as permitting activities, ensuring that QGold lays a solid groundwork for advancement.
About Q-Gold Resources Ltd.
Q-Gold Resources is a publicly traded mineral exploration company that focuses on advancing its gold and silver projects across North America. Their commitment to responsible environmental stewardship, coupled with rigorous exploration, sets them apart in the industry.
The Company boasts its shares on multiple exchanges, including TSX Venture Exchange under symbol "QGR", the OTCQB market as "QGLDF", and Börse Frankfurt with the symbol "QX9G".
Contact Information
Peter Tagliamonte
Chief Executive Officer
Email: pwt@qgoldresources.com
Website: https://qgoldresources.com
Cell: +1 (416) 564-2880
Frequently Asked Questions
What is the Quartz Mountain Gold Project?
The Quartz Mountain Gold Project is a prospective gold development site located in Oregon, acquired by QGold Resources.
Who is conducting the economic assessment?
Kappes, Cassiday & Associates (KCA) is undertaking the preliminary economic assessment for the Quartz Mountain Gold Project.
What are the key resources identified?
Significant resource estimates include approximately 1,543,000 ounces of gold and 2,049,000 ounces of silver.
When are the PEA results expected?
The results of the PEA are anticipated to be completed in the coming months, setting the stage for future studies.
What is QGold's strategy moving forward?
QGold aims to advance its gold and silver portfolio, focusing on responsible development and exploration to push projects toward production.
