# Quartz Commences Drilling at Jake Porphyry Copper-Gold Project Program Funded by Recently Closed $3.25 Million Financing Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2 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, Other - Extracted: 2026-08-24 08:21:29 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Quartz Mountain Resources has commenced a 2,500-meter drill program at its Jake porphyry copper-gold-silver project in British Columbia. The program is funded by a recent $3.25 million financing and aims to test high-potential porphyry targets identified through historical data and recent surface exploration. Reasoning: The announcement marks the start of a new drill program at the Jake project, supported by recent funding, though the primary news is the commencement of activity rather than new assay results. - Positive factor: commencement of drilling at a porphyry target - Positive factor: recent successful financing - Positive factor: strong historical data support Facts used in scoring: 10 ## 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 mentions a Qualified Person \(Farshad Shirmohammad\) has 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 - Standards of Disclosure for Minerals Projects, has reviewed and approved the scientific and technical information contained in this news release. **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program is described as a new drill program following a discovery, targeting a porphyry deposit. Evidence · text > The Jake drill program aims to discover a new, significant scale porphyry deposit. ## 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-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#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: British Columbia - Ticker: QZM #### Geometry - Grade: 0.37 - Grade Unit: % - Intercept: 4.8 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1999-01-01T00:00:00.000Z #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical copper grade from a 1999 re-sampling of a 1973 hole. - Positive factor: presence of porphyry mineralization - Negative factor: historical data Evidence · text > 0.37% copper ### 73-3 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#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: British Columbia - Ticker: QZM #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1999-01-01T00:00:00.000Z #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical gold grade from a 1999 re-sampling of a 1973 hole. - Negative factor: historical data Evidence · text > 0.16 g/t gold ### 73-3 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#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: British Columbia - Ticker: QZM #### Geometry - Grade: 8 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1999-01-01T00:00:00.000Z #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical silver grade from a 1999 re-sampling of a 1973 hole. - Negative factor: historical data Evidence · text > 8 g/t ppm silver ### 73-3 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#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: British Columbia - Ticker: QZM #### Geometry - Grade: 0.004 - Grade Unit: % - Intercept: 4.8 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1999-01-01T00:00:00.000Z #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Historical molybdenum grade from a 1999 re-sampling of a 1973 hole. - Negative factor: historical data Evidence · text > 0.004% molybdenum ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-4) Maestro · gold #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: QZM #### Geometry - Grade: 2.22 - Grade Unit: g/t - Intercept: 102 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project drill result mentioned as context for company's recent success. - Positive factor: high-grade gold-silver lode Evidence · text > 2.22 g/t Au ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-5) Maestro · silver #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: QZM #### Geometry - Grade: 104 - Grade Unit: g/t - Intercept: 102 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project drill result mentioned as context for company's recent success. - Positive factor: high-grade gold-silver lode Evidence · text > 104 g/t Ag ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-6) Maestro · gold #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: gold - Ticker: QZM #### Geometry - Grade: 1.23 - Grade Unit: g/t - Intercept: 12 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project high-grade sub-interval mentioned as context. - Positive factor: high-grade sub-interval Evidence · text > 1.23 g/t Au ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-7) Maestro · silver #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: silver - Ticker: QZM #### Geometry - Grade: 586 - Grade Unit: g/t - Intercept: 12 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project high-grade sub-interval mentioned as context. - Positive factor: bonanza silver sub-interval Evidence · text > 586 g/t Ag ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-8) Maestro · gold #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: gold - Ticker: QZM #### Geometry - Grade: 5.73 - Grade Unit: g/t - Intercept: 36 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project high-grade sub-interval mentioned as context. - Positive factor: high-grade sub-interval Evidence · text > 5.73 g/t Au ### PR-23-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quartz-commences-drilling-at-jake-porphyry-copper-gold-project-program-funded-by--386e7d31-737c-4fd4-8c82-1c84e43b05d2#fact-drill-facts-9) Maestro · silver #### Identity - Hole ID: PR-23-02 - Project: Maestro - Commodity: silver - Ticker: QZM #### Geometry - Grade: 87 - Grade Unit: g/t - Intercept: 36 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-06-18T00:00:00.000Z Reasoning: Maestro project high-grade sub-interval mentioned as context. - Positive factor: high-grade sub-interval Evidence · text > 87 g/t Ag ## 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.