Quartz Mountain

On October 24, 2011, Seabridge Gold entered into an Option Agreement with Orsa Ventures Corp. whereby Orsa could purchase Seabridge's 100% interest in the Quartz Mountain Project and all of Seabridge's undivided 50% beneficial joint venture interest in the adjacent Angel's Camp Gold Property, located in Lake County, southern Oregon. Under the Option Agreement, Seabridge has already been paid $2.5 million in cash.

In September 2013, Alamos Gold Inc. (TSX and NYSE “AGI”) acquired Orsa along with the option to acquire Quartz Mountain. In October 2025 Q-Gold Resources (TSXV:"QGR") acquired the option held by Alamos. To complete the acquisition of the Quartz Mountain, Q-Gold must pay Seabridge: (i) an additional $3,000,000 in cash or Q-Gold's common shares (at Seabridge's election), within five business days of completing a National Instrument 43-101 Feasibility Study on Quartz Mountain; and (ii) a further $15,000,000 in cash or, at Seabridge's election, a 2% net smelter royalty on Quartz Mountain within 60 days of determining that a mine has been permitted and bonded.

For updates on Quartz Mountain, please visit Q-Gold's website.