Quartz Mountain Completes 1,445 Metres of Core Drilling at Maestro, BC

VANCOUVER, BC / ACCESSWIRE / December 12, 2023 / Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSXV:QZM)(OTC PINK:QZMRF) announces that it has completed 1,445 metres of core drilling in two holes at the Prodigy Au-Ag-Mo-Cu epithermal target on its Maestro Property, located 15 kilometres north of Houston, BC. The Prodigy epithermal deposit target is hosted within an extensive porphyry type mineral system. It is located approximately one kilometre north of the Lone Pine Molybdenum Deposit which hosts Measured and Indicated Resources, at a 0.04% Mo cut-off, of 110 million tonnes grading 0.08% Mo (NI-43-101 Technical Report and Preliminary Economic Assessment, P & E Mining Consultants Inc., January 21, 2011). The Lone Pine Deposit is not on the Maestro Property. The 2,140 hectare Maestro Property completely surrounds the Lone Pine Deposit to cover the potential epithermal precious metal systems occurring outboard of that porphyry Mo-Cu deposit. The geological setting at Maestro is thought by Management to have some similarities to that of the Blackwater-Davidson project of Artemis Gold Inc. near Vanderhoof. Details of the two completed NQ core holes are:

Zone

Hole

E NAD83

N NAD83

Elev m

Length m

Incline⁰

Azimuth⁰

Prodigy

PR-23-01

646200.00

6044300.00

842.00

633.00

-73

180

Prodigy

PR-23-02