Royalty Overview

The Quartz Mountain royalty was acquired in August 2021, through the acquisition of Ely Gold.

Project Overview

The Quartz Mountain gold project is a late exploration project comprising 244 unpatented mineral claims located in south-central Oregon approximately 50 kilometers west-northwest of the city of Lakeview on the northern extension of the prolific Basin and Range Province of Nevada. Quartz Mountain was initially prospected for gold in the 1890s with shallow pits that now contain ponderosa pine trees over one meter in diameter that are indirect evidence of this early stage of exploration activity. The project is operated by Alamos Gold Inc. (“Alamos”) after its acquisition of Orsa Ventures Corp. in September 2013.

Approximately 80,000 meters of drilling has been conducted at Quartz Mountain with primary work focused on the Crone Hill and Quartz Butte deposits, which host the current Resource Estimate and cover a substantial land package with significant exploration upside.

Alamos envisions Quartz Mountain to be an open pit and heap leach operation when in full scale production. The project has an established Resource Estimate and strong exploration potential through a large prospective land package, which is fully attributable to the Gold Royalty NSR.