Quartz Maps Large Sulphide System at Maestro Ahead of Fully Funded Drill Program

Quartz Mountain Resources ( (TSE:QZM) ) has issued an update.

Quartz Mountain Resources has reported significant induced polarization geophysical survey results at its Maestro gold-silver project in British Columbia, delineating a large, highly prospective sulphide system that hosts its Prodigy epithermal and porphyry gold-silver discovery. The high-resolution IP work outlines a donut-shaped sulphide system measuring about 2.1 km by 1.4 km with a distinct low-to-moderate chargeability core linked to an intrusive-hosted molybdenum-copper deposit, surrounded by a higher chargeability halo interpreted as stronger sulphide mineralization; the Prodigy zone lies on the western edge of this core in the favourable high-chargeability margin, providing a clear structural and geophysical framework to target similar mineralization across the property. Management says these results materially refine drill targeting and significantly enhance the potential success of the fully funded drill program scheduled to mobilize on February 3, positioning Quartz to potentially unlock further value from Maestro and reinforce its strategy of advancing district-scale precious and base metal discoveries in British Columbia.

The most recent analyst rating on (TSE:QZM) stock is a Hold with a C$0.94 price target. To see the full list of analyst forecasts on Quartz Mountain Resources stock, see the TSE:QZM Stock Forecast page.

Spark’s Take on TSE:QZM Stock

According to Spark, TipRanks’ AI Analyst, TSE:QZM is a Neutral.

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). This is partially offset by strong technical momentum (price above key moving averages with positive MACD) and supportive recent corporate updates (OTCQX uplist and encouraging exploration progress), though overbought signals and loss-driven negative P/E limit the rating.

To see Spark’s full report on TSE:QZM stock, click here.

More about Quartz Mountain Resources

Quartz Mountain Resources Ltd., headquartered in Vancouver and listed on the TSX Venture Exchange and OTCQX, is a well-funded exploration company focused on discovering and monetizing large-scale gold, silver and copper projects in British Columbia. The company owns 100% of the Maestro gold-silver project and the Jake porphyry copper-gold-silver project, both permitted for drilling and supported by existing infrastructure.

Average Trading Volume: 39,316

Technical Sentiment Signal: Buy

Current Market Cap: C$65.53M

For an in-depth examination of QZM stock, go to TipRanks’ Overview page.