Quadro Resources Ltd. is pleased to provide a summary of events and activities for 2023 as well as plans for 2024. 2023 SUMMARY In late 2022, and continuing throughout 2023, the Company faced formidable setbacks that disrupted its planned exploration programs and which were not resolved until the end of 2023. These setbacks significantly impacted the Company's ability to continue exploration on its Long Lake project in [...]
Quadro Resources Ltd. is pleased to announce that four of its nine claim blocks comprising its Long Lake property that were cancelled on September 22, 2022, and for which Quadro filed a grievance on October 13, 2022, with the Newfoundland Mineral Rights Adjudication Board , shall be reinstated as of their original issuance dates, as per the Order of the Board dated October 10, 2023 . Within two weeks of the date of the [...]
Quadro Resources Ltd. is pleased to announce that further to its August 18, 2022 and April 25, 2023, news releases, it has amended its Staghorn Option Agreement with TRU Precious Metals Corp. . The amended terms include: A minimum of $300,000 of the Initial Drilling Commitments must be incurred by no later than October 15, 2023, failing which TRU shall pay to Quadro on October 15, 2023, a cash penalty in the amount of [...]
Quadro Resources Ltd. is pleased to announce the final geochemical reporting of trenching and channel sampling from previously announced high grade gold results news release dated November 23, 2022) from recent work completed by TRU on Quadro's recently optioned Staghorn property in Central Newfoundland and completed 130m northwest of the main Mark's Pond Shear zone. "TRU collected a total of 159 channel samples within [...]
Quadro Resources Ltd. is pleased to announce that, further to its news release dated June 16, 2022, Quadro has closed the definitive option agreement dated June 15, 2022 with TRU Precious Metals Corp. . Pursuant to the terms of the Option Agreement, TRU has the option to acquire up to an aggregate 65% ownership in Quadro's Staghorn Project located in central Newfoundland. The Staghorn Project is a large claim package of [...]
Quadro Resources Ltd. is pleased to announce that, subject to TSX Venture Exchange approval, it has signed an option agreement for the Staghorn property in Newfoundland and Labrador with TRU Precious Metals Corp. , giving TRU the option to acquire up to an aggregate 65% interest in the Property . THE STAGHORN OPTION In order for TRU to exercise the Initial Option of 51% interest in the Property, TRU shall make the [...]
Quadro Resources Ltd. is pleased to announce the remaining assay results from its 2021 Staghorn gold project, Newfoundland. Further to its November 18, 2021, news release, in which the Company announced the discovery of a new gold zone intersected from the inaugural exploration drill program at its Long Lake property, in Central Newfoundland, Quadro's assays results from four drill holes at Staghorn remained overdue due [...]
Quadro Resources Ltd. is pleased to announce that, subject to regulatory approval, it will conduct a non-brokered private placement of up to 8,333,333 units , each Unit priced at $0.06 and consisting of 1 common share of the Company and 1 common share purchase warrant , each Unit Warrant being exercisable for an additional common share of the Company at $0.13 for 12 months from closing, and up to 7,142,857 flow-through [...]
Quadro Resources Ltd. is pleased to announce the discovery of a new gold zone intersected from the inaugural exploration drill program at its Long Lake property, located in Central Newfoundland. The drill program consisted of five holes designed to test the Ricky Gold Target. Intersections included 3.68 g/t Au over 5.4 m from hole R-021-01on the eastern end of the target and 31.7 g/t Au over 0.5 m from hole R-021-04 [...]
Quadro Resources Ltd. is pleased to announce that it has completed its inaugural drill program at Long Lake and the second drill program of 2021 at its Staghorn project in Newfoundland . This latest drill program began at Long Lake in July before finishing at Staghorn in October. A total of nine holes were completed and the Company is currently awaiting assay results. Figure 1: Quadro's gold projects, Newfoundland. To [...]
Quadro Resources Ltd. is pleased to announce that it has completed its 2021 drilling at its Long Lake Project in Newfoundland. The drill is now being mobilized to its Staghorn property, located 50 km southwest of Long Lake. The total program is presently set for a minimum of 2500 m of drilling. Long Lake At Long Lake, the main target is the Ricky occurrence, where soil sampling and prospecting has defined a 700 m long [...]
Quadro Resources Ltd. is pleased to announce that it has signed a binding letter of intent with Buchans Minerals Corp. for the gold prospective Tulks South Property , located proximal to Quadro's Long Lake project, Newfoundland. The LOI sets out a proposed transaction pursuant to which Quadro has acquired from BMC an option to acquire a 51% interest in BMC's claims which comprise the Property, followed by the right to [...]
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