TORONTO, Nov. 21, 2025 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF) (“QGold” or “Company“) is pleased to announce the signing of an agreement effective November 20, 2025 with leading engineering firm Kappes, Cassiday & Associates (“KSA“) initiate a preliminary economic assessment (“PEA“) at its flagship Quartz Mountain Gold project located in Oregon, USA.
“Today’s participation in Kappes Cassiday, coupled with our recently completed NI 43-101 technical report, will enable QGold to realize significant shareholder value from this strategically located asset in a proven, historic mining district in Oregon, USA,” commented Peter Tagliamonte, President and CEO of QGold. “Given the recently completed financing, we expect an exceptionally active period ahead as the Quartz Mountain Gold Project progresses through significant development milestones in 2025 and 2026.”
The Quartz Mountain Gold Project, acquired from Alamos Gold in the third quarter of this year, is a promising gold development project in south-central Oregon (see Figure 1). The initiation of the PEA follows the recently published mineral resource assessment (“Mineral Resource Evaluate“) in the Quartz Mountain Gold Project Technical Report dated September 26, 2025. Highlights of the Mineral Resource Estimate include:
- Within this category of minerals, within 50,002,000 tons, there is an estimated 1,543,000 ounces of gold at 0.96 g/t and 2,049,000 ounces of silver at 1.27 g/t.
- An additional 148,000 ounces grading 0.77 g/t gold and 135,000 ounces grading 0.70 g/t silver for a total of 5,992,000 tonnes in the inferred mineral category.
- Mineral resource estimates are applicable to traditional open-pit mining methods.
A PEA is currently being conducted which will provide a comprehensive assessment of the project's economic potential, including mining methods, processing options, capital and operating costs, and projected financial returns. KCA has many years of experience in metallurgical engineering and mining, making them an ideal partner at this critical stage of development.
“With KCA, QGold will be able to benefit from the strategic advantages of the project,” added Peter Tagliamonte. “These include its prime location, developed infrastructure, strong mineral resource base and the identification of gold as a strategic asset in the US in a strong gold market.”
The results of the PEA are expected to be completed in the coming months and will serve as the basis for future technical studies and permitting activities.
Figure 1. Quartz Mountain Gold Project location map.
Qualified Persons
The scientific and technical information contained in this press release has been reviewed and approved by Fred Brown, Professor of Geology, the company's independent consultant, and Dr. Andreas Rompel, Ph.D., Vice President of Exploration and Director of QGold, each of whom is a “qualified person” within the meaning of National Instrument 43-101 – Disclosure Standards for Mineral Projects.
About Q-Gold Resources Ltd.
Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Frankfurt Exchange: QX9G) is a publicly traded North American mineral exploration and development company focused on advancing gold and silver mining projects in mining-friendly jurisdictions throughout North America. The company is managed by experienced resource professionals.
The company's shares are listed on the TSX Venture Exchange under the symbol “QGR”, OTCQB.® the US market under “QGLDF”, and the Frankfurt Börse under “QX9G”.
QGold is committed to advancing its portfolio of gold and silver assets towards production, with a primary focus on its flagship Quartz Mountain Gold project in Oregon (USA) and the Mine Center Gold project in Ontario (Canada). The Company is focused on resource expansion through systematic exploration, disciplined project development supported by rigorous technical work, and responsible environmental management in mining-friendly jurisdictions with strong infrastructure.
For more information contact:
Peter Tagliamonte
Director of the company
E-mail: [email protected]
Website: https://qgoldresources.com
Mobile: +1 (416) 564-2880
Warnings
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to the PEA, including its expected impact and timing of results, and the Company's beliefs, plans, expectations or intentions with respect to the Quartz Mountain Gold Project and the Mine Center Gold Project, including its plans to advance its portfolio of assets toward production. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “expects”, “budget”, “scheduled”, “estimates”, “predicts”, “intends”, “expects” or “does not expect” or “believes”, or variations of such words and phrases, or states that certain actions, events or results “may”, “could”, “will”, “could” or “would” accepted”, “will happen” or “will be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements, as applicable, to be materially different from those expressed or implied by such forward-looking information, including, without limitation: obtaining necessary approvals; general business, economic, competitive, political and social uncertainty; future mineral prices and market demand; accidents, labor disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as expected, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except as required by applicable securities laws.
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