TORONTO, Dec. 2, 2025 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Bourse Frankfurt: QX9G) (“QGold” or “Company“) is pleased to announce the engagement of SLR Consulting (“DSLR camera“), a leading environmental and permitting consulting firm based in Portland, Oregon, to advance basic environmental studies and permitting strategies for Quartz Mountain Gold's flagship project in southern Oregon, USA. This collaboration marks an important milestone in the project's development.
SLR has extensive experience in mineral permitting throughout North America, including the Oregon regulatory environment. The firm's deep understanding of the state and federal permitting processes, coupled with established relationships with Oregon regulators, allows QGold to effectively navigate the environmental review and permitting pathway for the Quartz Mountain Gold Project.
SLR's participation represents an important milestone in moving the Quartz Mountain Gold Project toward development. The scope of SLR's work will include the collection of environmental baseline data, development of permitting strategy, stakeholder engagement planning and coordination with relevant regulatory authorities, including
Oregon Department of Geology and Mining (DOGAMI), US Forest Service and other relevant authorities.
“We are excited to partner with SLR Consulting as we move Quartz Mountain forward,” said Peter Tagliamonte, President and CEO. “SLR’s proven track record of mineral permitting in Oregon and its presence in Portland provide invaluable expertise as we work to responsibly develop this important gold asset.”
Quartz Mountain Gold Project acquired from Alamos Gold Inc. in October 2025, is a promising gold development project in south-central Oregon (see Figure 1). The commencement of the permitting process follows the announcement of the commencement of the Preliminary Economic Assessment (IEE) of the Quartz Mountain Gold Project and the publication of the Mineral Resource Estimate (“Mineral resource assessment“) in a technical report with an effective date of September 26, 2025 (“Technical reportThe technical report is available on the company's SEDAR+ profile at www.sedarplus.ca.
Mineral Resource Estimation Key Points:
Indicated mineral resources EvaluateWith:
- 1,543,000 ounces of gold at 0.96 g/t
- 2,049,000 oz silver at 1.27 g/t
- Contained within 50,002,000 tons
Inferred Mineral Resources Ratings:
- 148,000 ounces of gold at 0.77 g/t
- 135,000 oz silver at 0.70 g/t
- Contained within 5,992,000 tons
The mineral resource assessment shows that the deposit is suitable for development using traditional open-pit mining methods.
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, independent consultant to the Company, and Dr. Andreas Rompel, Vice President of Exploration and Director of QGold, Ph.D., each of whom is a “qualified person” within the meaning of National Instrument 43-101 – Disclosure Standards for Mineral Projects.
About the project “Gold of Quartz Mountain”
The Quartz Mountain Gold Project is located in southern Oregon and is QGold's flagship asset. Strategically located in a historically prolific mining district with excellent access to infrastructure, the project represents a promising gold development opportunity.
QGold recently published (October 2025) a technical report prepared in accordance with National Instrument 43-101. Disclosure Standards for Mineral Projects. The report disclosed approximately 1.543 million ounces of 0.96 g/t gold and 2.049 million ounces of 1.27 g/t silver within the 50,002 kt mineral resource category, as well as an additional 148,000 ounces of 0.77 g/t gold and 135,000 ounces of 0.70 g/t silver within the 5,992 thousand tons in the expected category. This project represents a significant opportunity for QGold to expand its portfolio and unlock long-term value for shareholders.
About CPR Consulting
SLR Consulting is a leading environmental consulting firm with offices throughout North America and a historic presence in Portland, Oregon dating back 20 years. As a global leader in full-spectrum sustainability solutions, the firm provides environmental permitting, baseline study and regulatory compliance support for mining and natural resources projects with extensive experience in Oregon's regulatory environment.
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'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).
QGold focuses 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 regarding SLR's involvement, including the scope of work and anticipated benefits for future development, and the Company's beliefs, plans, expectations or intentions with respect to the Quartz Mountain Gold Project and the Gold Mine 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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