i've had alot of experience with doing the basic lifts often, never did solely squats but it can and will work. If you wonder what kind of results you get if you stick to it;
if your not used to high-frequency just ease into it. You can jump right into squating heavy everyday but your body will absolutely hate you for making such a drastic change.
Not in like your gonna get injured, your just gonna feel like shit for 1-2 months and eventually you get used to it to the point that maxing out (training max only) will get easy like walking. Once you adjust you don't get the feeling of a sore musclsgroep but somekind of feeling of just fatique.
If you wonder what kind of results you can get, you could squat training maxes for weeks, (months if your advanced). then 1 session you feel like shit (or good, it's always unexpected) and you suddenly squat a PR. Or you take a few days off to recover and you squat another PR.
Whetever you get mass gains etc depends on your diet
Just my 2 cents of high frequency training