QGold Resources Ltd. has reached a significant corporate milestone by initiating a preliminary economic assessment for its flagship Quartz Mountain Gold Project in Oregon. The company announced on November 25, 2025, that it has engaged leading engineering firm Kappes, Cassiday & Associates to conduct the comprehensive study.
Strategic Project Advancement
The engagement of Kappes Cassiday represents a crucial step forward for QGold following the company's acquisition of the project from Alamos Gold in the third quarter of 2025. This development comes alongside the recent completion of a NI 43-101 technical report, positioning the company to unlock substantial value from the strategically located asset.
Peter Tagliamonte, President and CEO of QGold, emphasized the importance of this progression. "Today's engagement of Kappes Cassiday, combined with our recently completed NI 43-101 technical report, positions QGold to unlock significant shareholder value from this strategically located asset in a proven historic mining district of Oregon, USA," Tagliamonte commented.
Substantial Mineral Resources
The preliminary economic assessment follows the recently published mineral resource estimate dated effective September 26, 2025, which revealed impressive numbers for the project. According to the technical report, the Quartz Mountain Gold Project contains 1,543,000 ounces of gold with a grade of 0.96 grams per tonne and 2,049,000 ounces of silver with a grade of 1.27 grams per tonne within the indicated mineral resource category.
Additional inferred resources include 148,000 ounces of gold and 135,000 ounces of silver. The mineral resource estimate confirms the project's suitability for conventional open-pit mining methods, enhancing its economic viability.
Future Development Timeline
With recently completed financing secured, QGold anticipates an exceptionally active period ahead as the company advances the Quartz Mountain Gold Project through critical development milestones throughout 2025 and 2026. The preliminary economic assessment currently underway will provide a comprehensive evaluation of the project's economic potential.
The assessment will examine multiple factors including mining methods, processing options, capital and operating costs, and projected financial returns. Kappes Cassiday & Associates brings decades of specialized experience in metallurgical engineering and mine development to this critical phase of project advancement.
Tagliamonte further highlighted the project's strategic advantages, noting its favorable location, established infrastructure, solid mineral resource base, and the designation of gold as a strategic asset in the United States within a strong gold market environment.
The results of the preliminary economic assessment are expected to be completed in the coming months and will serve as the foundation for future technical studies and permitting activities, marking the next chapter in the development of this promising gold project in southcentral Oregon.
