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News  ›  GlobeNewswire Inc.

QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Q-Gold Resources Ltd.
QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy

Q-Gold Resources completed a transformational 2025 with the acquisition of the Quartz Mountain Gold Project in Oregon from Alamos Gold, secured $11.5 million in financing from BMO Capital Markets, and released an updated mineral resource estimate showing 1.543 million ounces of gold and 2.049 million ounces of silver in the indicated category. The company engaged Kappes Cassiday to conduct a preliminary economic assessment and SLR International for permitting advancement, with plans to advance toward feasibility studies in 2026.

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Alamos Gold divested the Quartz Mountain Gold Project to QGold and provided a board member (Scott Parsons). The transaction appears to be a strategic divestment rather than indicating company distress or success.

Keywords
#gold mining #mineral resource estimate #project acquisition #private placement financing #preliminary economic assessment #permitting #Oregon #Canada exploration

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