Q-Gold Resources engages FHB Consulting Services LLC to update the Resource Estimate for Quartz Mountain

Core Viewpoint - Q-Gold Resources Ltd. has engaged FHB Consulting Services LLC to conduct an updated review of the historical mineral resource estimates for the Quartz Mountain Project in Oregon, which the company plans to acquire [1][8]. Group 1: Acquisition and Consulting Engagement - The company intends to acquire the Quartz Mountain Project through a share exchange agreement dated March 31, 2025 [1]. - FHB Consulting will perform a comprehensive revision of previous mineral resource estimates, originally completed in 2012 and updated in 2016 [2]. - The updated resource estimate will include data from boreholes drilled by Alamos Gold Inc. in 2015 and historical drilling data from earlier exploration campaigns [3]. Group 2: Current Resource Estimates - The current mineral resource estimates for the Quartz Mountain Project are as follows: - Measured and Indicated Mineral Resources: 12,156,000 tonnes at a grade of 0.87 g/t Au, totaling 339,000 ounces of gold - Inferred Resources: 39,205,000 tonnes at a grade of 0.91 g/t Au, totaling 1,147,000 ounces of gold [5][10]. Group 3: Project Potential and Future Plans - The company believes the Quartz Mountain Project has significant exploration potential, particularly in the Crone Hill and Quartz Butte deposits [11]. - Q-Gold aims to leverage modern exploration techniques to enhance shareholder value and unlock the potential of the project [8][9].