QGold Resources Provides Corporate Update, Announces Preliminary Economic Assessment (PEA) Timeline and Management Transition to Advance Quartz Mountain Gold Project

Core Insights - Q-Gold Resources Ltd. has announced significant management changes to enhance its leadership as it advances the Quartz Mountain Gold Project in Oregon, with Peter Tagliamonte appointed as Executive Chairman and Jamsheed Mehta as President [1][3][12] Management Changes - Stan Bharti transitions to a strategic advisory role after successfully positioning the company for its next development phase [10][11] - Jamsheed Mehta, with over 35 years of capital markets experience, is appointed as President, bringing extensive knowledge of the mining sector [12][14] - Stephen Woodhead is appointed as Chief Financial Officer, contributing over 30 years of experience in the resource sector [15][16] - Mark Albertson joins as Director of Government and Community Relations, leveraging his local expertise to foster community relations [18][22] Project Development - The Quartz Mountain Gold Project is progressing well, with a preliminary economic assessment (PEA) expected to be released in April 2026, anticipated to confirm the project's economic viability [2][4][5] - The project is expected to create significant employment and investment opportunities in the Lakeview and Bly region of Lake County, Oregon [5] - Exploration programs are planned for summer and fall 2026 at both Quartz Mountain and Angel's Camp, aiming to expand the resource base [6] Exploration Initiatives - A comprehensive exploration program is set to begin at the Mine Centre Gold Project in Ontario, Canada, during summer and fall 2026 [7] - The focus will be on understanding gold-bearing quartz vein systems and defining new mineralized zones [7] Project Background - The Quartz Mountain Gold Project, acquired from Alamos Gold in Q4 2025, is located in a historically productive gold district with excellent infrastructure access [28] - The project has an established mineral resource estimate, including approximately 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t [34]