Announcement • Jan 17
Quarterback Resources Inc. Completes Exploration Program on Twin Gold Project Quarterback Resources Inc. announced that it has completed the Phase I exploration program at the Twin Gold Project, which consisted of the following: Geochemical sampling/logging of historic core: The Company selected core from several historic drill holes for logging and sampling based upon location and available data. Quarterback selected the core for assay from an area that had limited historical sampling where there was minimal information regarding alteration and geology. The goal of this geochemical analysis is to more broadly define and delineate gold mineralization and determine whether gold mineralization is found over broader intervals, indicating the potential for bulk tonnage gold mineralization. Assay results will also allow the Company to confirm historic assay results, complete historical gaps in the previous assay results, and help build a more precise geological model to aid in future exploration. Based on results, Quarterback will consider assaying remaining historical sampled and unsampled core. A total of 177 core samples were submitted for assay analysis; and Geochemical rock sampling: The Company selected ten rock grab samples from the main Takla-Rainbow mineralized zone;. Ortho/Lidar survey: The Company completed the survey of the Takla-Rainbow zones and access road. The survey provides a strong baseline of the Project area before Quarterback begins work, an important component for permitting for future work, as well as providing accurate location of historic disturbances, trenches, drill pads, old roads and tracks, plus areas of outcrop for further inspection; and Reclamation of the historic Twin camp site: The Company dismantled derelict infrastructure, completed site contouring, and improved road access with a view to preparing for additional exploration on the Project, including a drill program. Quarterback's 2025 exploration program built on the progress it realized from the 2024 work season where the Company identified new areas of interest through logging and sampling selected historic drill core, extending soil coverage over under-explored areas, conducting rock sampling, and continuing the compilation of vast historic data. The program successfully outlined new gold in soil geochemical anomalies, new styles of mineralization, confirmed strong historic gold assays from drill core, and provided new insights into the geology and prospectivity of the Project. Both programs resulted in the discovery of additional areas of mineralization, as well as extensions of previous mineralized areas. The Company will provide results of the geochemical portion of its exploration program when available. The Twin Gold project is located within the prolific Quesnel Trough in the Omineca Mining Division of British Columbia approximately 250 kilometres northwest of Prince George, British Columbia. The project is proximate to numerous highly prospective projects, including: Northwest Copper Corp.'s Kwanika/Stardust copper-gold porphyry deposit and copper-gold-silver skarn deposit located 500 metres south of the southern boundary of the Twin Gold Project;. Northwest Copper Corp.'s Lorraine copper-gold-PGE deposit located 30 kilometres north of the Twin Gold Project; and Centerra Gold Inc.'s Mount Milligan copper-gold porphyry mine located 100 kilometres to the southeast of the Twin Gold Project;; and. Pacific Ridge Exploration Ltd.'s Chuchi copper-gold project located between Mount Milligan and the Twin Gold Project. Substantial exploration work has been completed on the Twin Gold Project, including 109 drill holes totaling 21,878 metres. This work has resulted in the discovery of more than 15 zones of known mineralization representing three styles, namely high-grade gold-quartz veins, alkalic-related gold mineralization, and alkalic-porphyry copper-gold mineralization. Readers are cautioned that the discussion about adjacent or similar properties is not necessarily indicative of the mineralization or potential of the Twin Gold Project. The Company has no interest in or right to acquire any interest in any such adjacent properties. 
