# QGold Resources Announces Maiden Preliminary Economic Assessment for the Quartz Mountain Gold Project, Positioning the Company as a Premier Gold Development Asset in the United States Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527 Original source: https://money.tmx.com/en/quote/QGR/news/5875417214706980/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz- Publisher: tmx Original announcement: 2026-04-08T14:14:17.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Q-Gold Resources Ltd. - Ticker: QGR - Exchange: TSX - Region: Oregon, USA - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Economic study - Extracted: 2026-09-16 18:47:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary QGold Resources announced a maiden Preliminary Economic Assessment \(PEA\) for its Quartz Mountain Gold Project in Oregon, USA, revealing strong economics with an after-tax NPV\(5%\) of US$1.71 billion and an IRR of 55.2% at a gold price of US$3,265/oz. The study projects a 14-year mine life, average annual gold production of 135,400 oz, and a low All-In Sustaining Cost \(AISC\) of US$1,216/oz. The PEA is supported by an updated NI 43-101 compliant Mineral Resource Estimate, which includes 2.01 million ounces of gold in the Indicated category. Reasoning: The maiden PEA for the Quartz Mountain Gold Project demonstrates robust economics with a high after-tax IRR of 55.2% and a fast payback of 1.8 years at a conservative gold price, supported by a low AISC and strip ratio. The updated NI 43-101 compliant MRE provides a solid foundation with over 2 million ounces of gold in the indicated category, positioning the company as a promising development asset, despite the preliminary nature of the study and reliance on some inferred resources. - Positive factor: High after-tax IRR of 55.2% and fast payback of 1.8 years for the base case PEA. - Positive factor: Significant economic upside demonstrated by the spot price case \(92% IRR, 1.2-year payback\). - Positive factor: Low All-In Sustaining Cost \(AISC\) of US$1,216/oz positions the project competitively. - Positive factor: Maiden Preliminary Economic Assessment \(PEA\) marks a significant milestone for the project. - Positive factor: Updated NI 43-101 compliant Mineral Resource Estimate with 2.01 Moz gold in the Indicated category. - Positive factor: Project located in a stable jurisdiction \(Oregon, USA\) with constructive community relations. - Positive factor: Low strip ratio of 0.65:1 contributes to low mining costs and capital efficiency. - Negative factor: The PEA is preliminary in nature and includes Inferred Mineral Resources \(23% of mine plan\). - Negative factor: The TSF type for sulphide material is not specified beyond 'engineered tailings management facility'. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 29 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade ## Extracted facts Stored fact records: 28. Some facts used in scoring do not have a stored record. ## Resource Estimates (28) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-1) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:61eb6163088f4e3926da - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 27963000 - Grade: 0.73 - Grade Unit: g/t - Contained Metal: 657 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide gold resource provides a solid foundation for the project, contributing significantly to the overall resource base. - Positive factor: Significant indicated gold resource in the oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.73 Context: 27,963 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-2) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:61eb6163088f4e3926da - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 27963000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 884 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide silver resource adds to the overall project value as a byproduct. - Positive factor: Indicated silver resource in the oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.98 Context: 27,963 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-3) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:696d5a31dd1d9d0b4379 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 3978000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 79 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide gold resource adds potential but requires further work to upgrade confidence for economic studies. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.62 Context: 3,978 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-4) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:696d5a31dd1d9d0b4379 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 3978000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 80 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide silver resource provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.62 Context: 3,978 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-5) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:1c6b20debfb1e995fdcc - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 51825000 - Grade: 0.81 - Grade Unit: g/t - Contained Metal: 1353 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide gold resource is a substantial component of the overall resource, providing long-term potential. - Positive factor: Significant indicated gold resource in the sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.81 Context: 51,825 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-6) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:1c6b20debfb1e995fdcc - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 51825000 - Grade: 1.21 - Grade Unit: g/t - Contained Metal: 2015 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide silver resource contributes to the overall project economics as a byproduct. - Positive factor: Indicated silver resource in the sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 1.21 Context: 51,825 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-7) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:2bb827063fd30f93ae8d - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 21657000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 416 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide gold resource provides additional potential but requires further work to upgrade confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.6 Context: 21,657 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-8) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:2bb827063fd30f93ae8d - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 21657000 - Grade: 0.67 - Grade Unit: g/t - Contained Metal: 464 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide silver resource provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.67 Context: 21,657 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-9) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:e405814ef114b5b48efd - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: Total #### Resource Data - Category: indicated - Tonnes: 79788000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 2010 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The substantial total indicated gold resource provides a strong foundation for the project's economic viability. - Positive factor: Large total indicated gold resource of 2.01 million ounces. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.78 Context: 79,788 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Total **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-10) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:e405814ef114b5b48efd - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: Total #### Resource Data - Category: indicated - Tonnes: 79788000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 2900 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The substantial total indicated silver resource enhances the overall project value as a byproduct. - Positive factor: Large total indicated silver resource. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 1.13 Context: 79,788 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Total **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-11) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:0dcca9f5ba09d7acccd3 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: Total #### Resource Data - Category: inferred - Tonnes: 25634000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 494 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The total inferred gold resource adds potential but represents a less confident portion of the resource base, requiring further exploration. - Negative factor: Significant inferred resource component, which has lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.60 Context: 25,634 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Total **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-12) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:0dcca9f5ba09d7acccd3 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: Total #### Resource Data - Category: inferred - Tonnes: 25634000 - Grade: 0.66 - Grade Unit: g/t - Contained Metal: 543 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The total inferred silver resource adds potential but represents a less confident portion of the resource base, requiring further exploration. - Negative factor: Significant inferred resource component, which has lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.66 Context: 25,634 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Total **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-13) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:9ec1e1fb108f7a95e76e - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 18405000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 423 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide gold resource at Crone Hill contributes substantially to the project's overall resource base. - Positive factor: Significant indicated gold resource in the Crone Hill oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.72 Context: 18,405 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-14) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:9ec1e1fb108f7a95e76e - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 18405000 - Grade: 1.09 - Grade Unit: g/t - Contained Metal: 644 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide silver resource at Crone Hill adds to the overall project value as a byproduct. - Positive factor: Indicated silver resource in the Crone Hill oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 1.09 Context: 18,405 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-15) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:397363f939b1cafee176 - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 3170000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 63 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide gold resource at Crone Hill provides additional potential but requires further work to upgrade confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.61 Context: 3,170 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-16) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:397363f939b1cafee176 - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 3170000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 63 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide silver resource at Crone Hill provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.62 Context: 3,170 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-17) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:ecdc1c62b888f04367aa - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 41117000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 1090 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide gold resource at Crone Hill is a substantial component of the overall resource, providing long-term potential. - Positive factor: Significant indicated gold resource in the Crone Hill sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.82 Context: 41,117 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-18) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:ecdc1c62b888f04367aa - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 41117000 - Grade: 1.32 - Grade Unit: g/t - Contained Metal: 1740 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide silver resource at Crone Hill adds to the overall project value as a byproduct. - Positive factor: Indicated silver resource in the Crone Hill sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 1.32 Context: 41,117 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-19) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:c9928662f976823ca81e - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 16102000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 302 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide gold resource at Crone Hill provides additional potential but requires further work to upgrade confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.58 Context: 16,102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-20) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:c9928662f976823ca81e - Deposit or zone: CRONE HILL - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 16102000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 334 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide silver resource at Crone Hill provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.64 Context: 16,102 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-21) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:2ebd2f5d77857e2a5498 - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 9559000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 234 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide gold resource at Quartz Butte contributes to the project's overall resource base. - Positive factor: Indicated gold resource in the Quartz Butte oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.76 Context: 9,559 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-22) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:2ebd2f5d77857e2a5498 - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 9559000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 241 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated oxide silver resource at Quartz Butte adds to the overall project value as a byproduct. - Positive factor: Indicated silver resource in the Quartz Butte oxide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.78 Context: 9,559 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-23) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:320248555fbffdcf9bfb - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 807000 - Grade: 0.63 - Grade Unit: g/t - Contained Metal: 16 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide gold resource at Quartz Butte provides additional potential but requires further work to upgrade confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.63 Context: 807 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-24) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:320248555fbffdcf9bfb - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 807000 - Grade: 0.63 - Grade Unit: g/t - Contained Metal: 16 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred oxide silver resource at Quartz Butte provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.63 Context: 807 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Oxide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-25) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:9406055b1a731338939e - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 10708000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 263 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide gold resource at Quartz Butte contributes to the project's overall resource base. - Positive factor: Indicated gold resource in the Quartz Butte sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.76 Context: 10,708 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-26) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:9406055b1a731338939e - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: indicated - Tonnes: 10708000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 275 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The indicated sulphide silver resource at Quartz Butte adds to the overall project value as a byproduct. - Positive factor: Indicated silver resource in the Quartz Butte sulphide material. - Positive factor: NI 43-101 compliant and QP signed. Evidence · table > 0.8 Context: 10,708 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating a reasonable level of geological confidence. Evidence · table > Indicated Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-27) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:af730ddf01f1d732e409 - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 5555000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 113 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide gold resource at Quartz Butte provides additional potential but requires further work to upgrade confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.64 Context: 5,555 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/qgold-resources-announces-maiden-preliminary-economic-assessment-for-the-quartz--04981a23-47a6-4908-800d-cff1d543e527#fact-resource-facts-28) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: oregon, usa - Reported Region: Oregon, USA - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2026-02-28T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown - Resource group id: resource:af730ddf01f1d732e409 - Deposit or zone: QUARTZ BUTTE - Mining method: open\_pit - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 5555000 - Grade: 0.73 - Grade Unit: g/t - Contained Metal: 130 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-02-28 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: The inferred sulphide silver resource at Quartz Butte provides additional potential but requires further work to increase confidence. - Negative factor: Inferred resources have lower reliability and cannot be converted to reserves without further drilling. Evidence · table > 0.73 Context: 5,555 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating a lower level of geological confidence. Evidence · table > Inferred Context: Sulphide **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is mentioned as a contribution to gold equivalent production, indicating it is a byproduct. Evidence · text > Considering the silver contribution the gold equivalent production will be an average life-of-mine production of 137,200 ounces per year. ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.