Jake
A New Porphyry Copper-Gold-Silver Discovery
| Property | The Property comprises 14 mineral claims and totals 6,731 ha. |
| Location | The Property is located 160 km north of the town of Smithers, British Columbia. |
| Summary |
Strategically located copper, gold and silver discovery with extensive historical work by legendary porphyry copper explorers in active and mining-friendly region of
B.C. Maiden seven hole (3,418 meters), scout drilling program discovered a new Cu-Au-Ag porphyry system at Jake.
Next Steps: Delineation drill program planned following Maestro delineation drilling in H1 2025. |
| Ownership | Acquired 100% ownership of all concessions over the Jake discovery and a potential new B.C. porphyry copper district surrounding the discovery. |
Highlights of the Jake Project
The 100% owned Jake Property is located 160 km north of Smithers in north central BC. It is accessible by helicopter and close to the Minaret airstrip, historical logging roads and railbeds which lead to mining support towns of Smithers, Fort St. James and Hazelton.
Quartz’s first ever drill test of 3,418 meters in 7 holes during 2024 discovered a new porphyry copper-gold-silver system leading to the acquisition of 100% interest in mineral tenures over an entire new BC porphyry copper-gold district surrounding the Jake discovery. The next milestone towards a transaction will be delineation drilling of the new Jake discovery, planned to commence after Maestro delineation drilling.
Mineralization at Jake is situated within a prominent rusty coloured gossan measuring 3.5 km long by 1.5 km wide. Within the gossan is north-trending dyke swarms that intrude into sedimentary rocks. The combination of extensive historical and recent exploration work has outlined a very expansive altered area at Jake hosting epithermal and porphyry-style sulphide disseminations and veinlets containing Cu-Au-Ag-Zn-Mo and Re. To delineate deposit targets within this large Jake mineral system for the recent drilling program, a series of modern surface exploration programs were completed in the period 2018-2023. This exploration work included detailed airborne magnetic surveying, geological mapping, geochemical sampling/modelling and Induced Polarization (“IP”) surveying. These exploration surveys were designed to build on very compelling historical data on the Property developed by legendary porphyry copper explorers, including Kennco, Canadian Superior, Cities Service, Placer Development and Teck Corp. Taken together this comprehensive Jake Project technical database defined a significant-scale porphyry copper-gold deposit target and associated epithermal precious metal deposit targets which Quartz has capitalized on.
Latest News from the Jake Project
In January of 2025, the Company announced it discovered a new Copper-Gold-Silver Porphyry at Jake Project in British Columbia.
Quartz Discovers a New Copper-Gold-Silver Porphyry at Jake Project in British Columbia - Company also acquires additional mineral claims surrounding Jake, hosting an entire new potential copper-gold porphyry district
- The Company’s maiden, seven hole, 3,418 meter scout core drilling program made a new British Columbia copper-gold porphyry discovery at its 100%-owned Jake Project, located 160 kilometers north of Smithers. (see Figure 1 on the release)
- Based on its successful drilling program, Quartz has also acquired a 100% interest in mineral claims capturing an entire new potential BC porphyry copper-gold district surrounding the Jake discovery. Porphyry deposits are among the world’s most important sources of copper, gold and silver and their discovery presents the potential for outsized gains, especially in periods of surging metal prices. (see Figure 2 on the release)
- The successful Jake drilling included seven exploration drill holes that were completed on a hill side from three Pad sites. These scout drill holes were fanned out in multiple directions over an area measuring 1,000 meters east-west and 600 meters vertical. Hole 1 on Pad A intersected classic quartz-sericite-pyrite altered rocks found peripheral to most porphyry copper deposits. Holes 2,3,4,5 were fanned out from Pad B. These holes intersected a major porphyry copper-gold-silver system with Hole 5 being closest to the center of the system. Holes 6 and 7 drilled from Pad C intersected intervals of epithermal precious metal zones and veinlets (see anomalous Au and Ag assay results) associated with highly anomalous zinc. (see Figure 3 on the release)
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Jake Discovery Section A-8
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Highly Anomalous Cu-Au-Mo Values in Soils Above Jake Discovery
Drilling Highlights
The discovery of a new copper-gold porphyry system at Jake, was highlighted by drill hole JK24-05, with combined announced Cu intercepts in the hole totaling 355 meters (see Table 1).
| TABLE 1: Drill Hole JK24-05 Assay Results | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Drill Hole | Incl. |
From (m) |
To (m) |
Int. (m) |
CuEQ1 (%) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (%) |
| JK24-05 | 21.00 | 78.00 | 57.00 | 0.30 | 0.18 | 0.077 | 2.7 | 0.012 | |
| JK24-05 | 108.00 | 191.04 | 83.04 | 0.25 | 0.18 | 0.062 | 2.9 | 0.004 | |
| JK24-05 | Incl. | 108.00 | 125.22 | 17.22 | 0.42 | 0.29 | 0.090 | 7.6 | 0.005 |
| JK24-05 | 234.14 | 450.00 | 215.86 | 0.32 | 0.23 | 0.083 | 2.7 | 0.005 | |
| JK24-05 | Incl. | 234.14 | 308.00 | 73.86 | 0.40 | 0.30 | 0.120 | 2.5 | 0.003 |
| JK24-05 | and | 234.14 | 269.02 | 34.88 | 0.49 | 0.37 | 0.144 | 3.3 | 0.001 |
| JK24-05 | Incl. | 347.00 | 395.57 | 48.57 | 0.39 | 0.29 | 0.093 | 2.9 | 0.006 |
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Jake Property Claim Outline
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Cu Mo Au Weighted Sums (WTSR) Soil Samples
In August of 2024 the Company announced that it has completed 3,418 metres of core drilling in seven holes at its 100% owned Jake project, located 160 kilometres north of Smithers, BC.
- The goal of Quartz’s initial drill program and exploration strategy at Jake is to discover a significant porphyry copper-gold-silver deposit. Porphyry deposits are the world’s most important sources of copper and gold, and their discovery presents the potential for outsized gains.
- A total of 1,400 core samples from the seven Jake drill holes have now been received by ALS Global in Vancouver for analyses. Drill holes JK24-01 to JK24-05 tested for a concealed copper-gold porphyry system, and JK24-06 and JK24-07 tested outboard epithermal mineralization potentially related to a porphyry centre. Results from these drillholes will be released once they are received from the lab, compiled and interpreted.
Notes:
- Copper equivalent (CuEQ) calculations use metal prices of: Cu US$4.00/lb, Au US$2000/oz., Ag US$25/oz, and Mo US$15.00/lb, and conceptual recoveries of: Cu 85%, Au 75%, Ag 70% and Mo 82%. Conversion of metals to an equivalent copper grade based on these metal prices is relative to the copper price per unit mass factored by conceptual recoveries for those metals normalized to the conceptualized copper recovery. The metal equivalencies for each metal are added to the copper grade. The general formula for this is: CuEQ% = Cu% + ((Au g/t * (Au recovery / Cu recovery) * (Au $ per oz./31.1034768 / Cu $ per lb. * 22.04623)) + ((Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz./ 31.1034768 / Cu $ per lb. * 22.04623)) + ((Mo% * (Mo recovery / Cu recovery) * (Mo $ per lb.) / Cu $ per lb.)).
