# Quartz Closes $3.255 Million Private Placement and Accelerates Drill Program Planning Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383 Original source: https://money.tmx.com/en/quote/QZM/news/6071836749134020/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan Publisher: tmx Original announcement: 2024-06-03T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Quartz Mountain Resources Ltd. - Ticker: QZM - Exchange: TSX - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Silver, Copper, Molybdenum - Document categories: Drill results, Capital raise - Extracted: 2026-09-16 19:20:02 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Quartz Mountain Resources Ltd. has closed a $3.255 million private placement to fund exploration at its Jake and Maestro projects in British Columbia. The company is set to begin drilling at the Jake porphyry copper-gold-silver property in mid-June 2024. Reasoning: The company successfully raised capital to fund upcoming exploration at two distinct projects, while also providing high-grade drill context from the Maestro Project. - Positive factor: Successful closing of $3.255M private placement - Positive factor: Funding secured to commence drilling at Jake Project in mid-June - Positive factor: Re-statement of high-grade intercepts at Maestro Project \(PR 23-02\) - Positive factor: Strategic involvement of The Sutton Group Inc. Facts used in scoring: 7 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Person \(Farshad Shirmohammad\) who reviewed and approved the technical information. Evidence · text > Qualified Person Farshad Shirmohammad, M.Sc., P. Geo., a "Qualified Person" within the meaning of National Instrument 43-101... has reviewed and approved the scientific and technical information **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The 586 g/t Ag intercept at Maestro is exceptionally high-grade for a silver-gold lode. Evidence · text > 586 g/t Ag ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-1) Maestro · gold #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 2.22 - Grade Unit: g/t - Intercept: 102 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Significant high-grade intercepts reported for hole PR 23-02 at Maestro. - Positive factor: High-grade silver and gold intercepts Evidence · text > Core hole PR 23-02 intersected 102 m grading 2.22 g/t Au and 104 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-2) Maestro · silver #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 104 - Grade Unit: g/t - Intercept: 102 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Significant high-grade silver intercept reported for hole PR 23-02 at Maestro. - Positive factor: High-grade silver intercept Evidence · text > 104 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-3) Maestro · gold #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 1.23 - Grade Unit: g/t - Intercept: 12 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Exceptional silver grade within the sub-interval. - Positive factor: Bonanza silver grade Evidence · text > 12 m grading 1.23 g/t Au and 586 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-4) Maestro · silver #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 586 - Grade Unit: g/t - Intercept: 12 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Exceptional silver grade within the sub-interval. - Positive factor: Bonanza silver grade Evidence · text > 586 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-5) Maestro · gold #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 5.73 - Grade Unit: g/t - Intercept: 36 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Significant high-grade gold intercept reported for hole PR 23-02 at Maestro. - Positive factor: High-grade gold intercept Evidence · text > 36 m of 5.73 g/t Au and 87 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ### PR 23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-closes-3-255-million-private-placement-and-accelerates-drill-program-plan--299d5f06-f2e7-484b-acff-d4c671afa383#fact-drill-facts-6) Maestro · silver #### Identity - Hole ID: PR 23-02 - Project: Maestro - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 87 - Grade Unit: g/t - Intercept: 36 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-03T00:00:00.000Z Reasoning: Significant high-grade silver intercept reported for hole PR 23-02 at Maestro. - Positive factor: High-grade silver intercept Evidence · text > 87 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "About Maestro The 100% owned Maestro Project, located in central BC, lies adjacent to Highway 16, 15 km north of Houston" ## 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.