# REPEAT - QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold--d3b21bb1-2d8a-4b71-9976-9aef32604371 Original source: https://money.tmx.com/en/quote/QGR/news/5036213697252757/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold- Publisher: tmx Original announcement: 2025-12-22T12:30:00.000Z 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, United States - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Capital raise, Economic study - Extracted: 2026-09-16 19:01:55 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary QGold Resources has completed a transformational year, highlighted by the acquisition of the Quartz Mountain gold project in Oregon and an $11.5 million private placement. The company also released an updated NI 43-101 mineral resource estimate for Quartz Mountain, totaling approximately 1.69 million ounces of gold and 2.18 million ounces of silver across indicated and inferred categories. Reasoning: The company has achieved multiple major milestones including a significant resource update, a large financing, and a transformational acquisition, positioning it as a developer. - Positive factor: Significant gold and silver resource update - Positive factor: Successful $11.5m financing - Positive factor: Strategic acquisition of Quartz Mountain project - Positive factor: Engagement of reputable engineering firm for PEA Facts used in scoring: 5 ## Classification and evidence **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 estimate includes a significant indicated portion for gold and silver. Evidence · text > within 50,002,000 tonnes in the indicated mineral resource category **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 estimate includes an inferred portion. Evidence · text > within 5,992,000 tonnes in the inferred mineral resource category **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: The technical report was reviewed and approved by Fred Brown, P.Geo. and Dr. Andreas Rompel, Pr.Sci.Nat. Evidence · text > reviewed and approved by Fred Brown, P.Geo., an independent consultant of the Company, and Dr. Andreas Rompel, Vice President, Exploration and a director of QGold, Pr.Sci.Nat. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate was filed as a new NI 43-101 technical report. Evidence · text > filed new NI 43-101 technical report on mineral resource estimate **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource Estimate ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold--d3b21bb1-2d8a-4b71-9976-9aef32604371#fact-resource-facts-0) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: usa - Reported Region: Oregon, United States - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2025-10-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown, Andreas Rompel - Resource group id: resource:bd64be83e94f6395a25a - Deposit or zone: Quartz Mountain - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 50002000 - Grade: 0.96 - Grade Unit: g/t - Contained Metal: 1543000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-10-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Significant gold resource in indicated category. - Positive factor: Large indicated resource Evidence · text > An estimated 1,543,000 ounces of gold with a grade of 0.96 g/t ... within 50,002,000 tonnes in the indicated mineral resource category #### 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: category is "indicated" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold--d3b21bb1-2d8a-4b71-9976-9aef32604371#fact-resource-facts-1) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: usa - Reported Region: Oregon, United States - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2025-10-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown, Andreas Rompel - Resource group id: resource:bd64be83e94f6395a25a - Deposit or zone: Quartz Mountain - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 50002000 - Grade: 1.27 - Grade Unit: g/t - Contained Metal: 2049000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-10-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Significant silver resource in indicated category. - Positive factor: Significant silver byproduct Evidence · text > 2,049,000 ounces of silver with a grade of 1.27 g/t within 50,002,000 tonnes in the indicated mineral resource category #### 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: category is "indicated" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold--d3b21bb1-2d8a-4b71-9976-9aef32604371#fact-resource-facts-2) Quartz Mountain Gold Project · gold #### Identity - Project: Quartz Mountain Gold Project - Commodity: gold - Region: usa - Reported Region: Oregon, United States - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2025-10-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown, Andreas Rompel - Resource group id: resource:f9adc86ccc3bd2377b7b - Deposit or zone: Quartz Mountain - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5992000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 148000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-10-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Inferred resource adds scale but has lower confidence. - Positive factor: Additional gold resource - Negative factor: Inferred category Evidence · text > An additional 148,000 ounces of gold with a grade of 0.77 g/t ... within 5,992,000 tonnes in the inferred mineral resource category #### 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: category is "inferred" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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/repeat-qgold-resources-delivers-transformational-year-with-quartz-mountain-gold--d3b21bb1-2d8a-4b71-9976-9aef32604371#fact-resource-facts-3) Quartz Mountain Gold Project · silver #### Identity - Project: Quartz Mountain Gold Project - Commodity: silver - Region: usa - Reported Region: Oregon, United States - Ticker: QGR #### Resource scope - Estimate type: resource - Effective date: 2025-10-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Fred Brown, Andreas Rompel - Resource group id: resource:f9adc86ccc3bd2377b7b - Deposit or zone: Quartz Mountain - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5992000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 135000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-10-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Inferred resource adds scale but has lower confidence. - Positive factor: Additional silver resource - Negative factor: Inferred category Evidence · text > 135,000 ounces of silver with a grade of 0.70 g/t within 5,992,000 tonnes in the inferred mineral resource category #### 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: category is "inferred" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 ## 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.