QGold Resources Ltd. has taken a major step in developing its flagship American asset by commissioning a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project in Oregon.
Major Milestone for Gold Development
The company announced on November 21, 2025, that it has formally engaged the renowned engineering firm Kappes, Cassiday & Associates (KCA) to conduct the comprehensive study. This decision marks a pivotal Q4 2025 milestone for QGold, following its acquisition of the project from Alamos Gold earlier in the third quarter.
Peter Tagliamonte, President and CEO of QGold, stated that this move, combined with a recently completed NI 43-101 technical report, positions the company to unlock significant shareholder value. He highlighted the project's location in a proven historic mining district in Oregon, USA, and noted that with recently secured financing, the company anticipates an exceptionally active period through 2025 and 2026.
Substantial Resource Base Unveiled
The initiation of the PEA is built upon a solid foundation provided by a mineral resource estimate effective September 26, 2025. The estimate outlines a considerable resource that is amenable to conventional open-pit mining.
The indicated mineral resource category contains an estimated 1,543,000 ounces of gold with a grade of 0.96 grams per tonne (g/t) and 2,049,000 ounces of silver with a grade of 1.27 g/t within 50,002,000 tonnes.
An additional inferred resource adds 148,000 ounces of gold (0.77 g/t) and 135,000 ounces of silver (0.70 g/t) within 5,992,000 tonnes.
Path Forward and Strategic Advantages
The PEA now underway will deliver a detailed evaluation of the project's economic potential. This includes analyses of mining methods, processing options, capital and operating costs, and projected financial returns.
Tagliamonte emphasized that with KCA's decades of experience, QGold is well-positioned to capitalize on the project's strategic advantages. These include its favorable location, established infrastructure, solid mineral resource base, and the status of gold as a strategic asset in the United States amidst a strong market.
The results of the PEA are expected to be finalized in the coming months and will serve as the cornerstone for future technical studies and permitting activities, paving the way for the project's continued advancement.
