# Quartz Commences Drilling at Jake Porphyry Copper-Gold Project Program Funded by Recently Closed $3.25 Million Financing Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f Original source: https://money.tmx.com/en/quote/QZM/news/7773368059554051/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by Publisher: tmx Original announcement: 2024-06-18T11:45:00.000Z 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: Copper - Secondary commodities: Gold, Silver, Molybdenum - Document categories: Drill results, Capital raise, Other - Extracted: 2026-09-16 19:20:17 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Quartz Mountain Resources has commenced a 2,500m drill program at its Jake Porphyry Copper-Gold-Silver Project in British Columbia. The program is funded by a recently closed $3.25 million financing and targets a significant-scale porphyry deposit supported by compelling historical data. Reasoning: The announcement marks the start of a new drill program at the Jake project, funded by a recent capital raise. While no new assays are reported for the current program, the historical context and funding status are positive indicators for exploration progress. - Positive factor: Commencement of drilling at Jake porphyry target - Positive factor: Successful recent $3.25M financing providing robust balance sheet - Positive factor: Strong historical data from Teck Corp supporting porphyry potential - Positive factor: Strategic association with Hunter Dickinson Inc. \(HDI\) Facts used in scoring: 10 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Jake project is described as a porphyry target following recent discoveries at the adjacent Maestro Project. Evidence · text > The Jake drill program follows initial drilling at the Company's Maestro Project ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### 73-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-0) Jake · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 73-3 - Project: Jake - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 0.37 - Grade Unit: % - Intercept: 4.8 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical intercept providing context for porphyry potential. Evidence · text > 0.37% copper #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 73-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-1) Jake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 73-3 - Project: Jake - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical intercept providing context for porphyry potential. Evidence · text > 0.16 g/t gold #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 73-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-2) Jake · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 73-3 - Project: Jake - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 8 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical intercept providing context for porphyry potential. Evidence · text > 8 g/t ppm silver #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 73-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-3) Jake · molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: 73-3 - Project: Jake - Commodity: molybdenum - Region: canada\_bc - Reported Region: canada\_bc - Ticker: QZM #### Geometry - Grade: 0.004 - Grade Unit: % - Intercept: 4.8 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical intercept providing context for porphyry potential. Evidence · text > 0.004% molybdenum #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-4) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Strong gold intercept at Maestro Project. - Positive factor: High-grade gold intercept in a porphyry environment Evidence · text > 102 m grading 2.22 g/t Au #### 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 ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-5) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Strong silver intercept at Maestro Project. - 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 ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-6) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Included high-grade interval. Evidence · text > 12 m grading 1.23 g/t Au #### 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 ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-7) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: High-grade silver 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 ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-8) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Significant gold intercept. - Positive factor: Strong gold grade and width Evidence · text > 36 m of 5.73 g/t Au #### 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 ### PR-23-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--188588fb-7ecf-4896-aab5-d235f93b7a2f#fact-drill-facts-9) 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 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Included silver interval. 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 ## 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.