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 [...]
Quadro Resources Ltd. is pleased to provide an exploration update on its recently announced soil sampling and prospecting survey on the Careless Cove property , located southwest of Glenwood in east-central Newfoundland . Previous work on the two claim blocks, which comprise the Property, resulted in the discovery of gold mineralization up to 11.38g/t Au from the Eastern Block, and 59.413 g/t Au from the Western Block as [...]
Quadro Resources Ltd. is pleased to report it has completed the winter drill program on the Staghorn Gold Property located in southwestern Newfoundland. The Staghorn property consists of 160 claim units covering 4000 hectares . A total of 1403 meters was completed in ten holes, all targeted on the Marks Pond gold zone. The drilling consisted of a series of 50-meter spaced step-out and undercut holes to the northeast of [...]
Quadro Resources Ltd. is pleased to announce that a soil sampling and prospecting survey has been initiated on the Careless Cove property located southwest of Glenwood in east-central Newfoundland. Quadro acquired an option to earn a 100% interest in the claim licenses from Metals Creek Resources Corp. by paying a series of annual cash and share payments over a three-year period as outlined in Quadro's press release dated [...]
Quadro Resources Ltd. is pleased to announce the mobilization of a drill rig to the Staghorn Property in Newfoundland. Drilling is set to resume, following-up on the successful 2020 drill program at the Marks Pond Gold zone. This 1500 m drill program will take advantage of winter conditions to allow for easier access to drill sites using frozen trails across boggy terrain. A program of 50 meter step-outs is planned and [...]
Quadro Resources Ltd. is pleased to announce exploration and drill programs for 2021 at its three 100% owned properties in Newfoundland: Staghorn, Long Lake, and Glenwood. A multi-phase and multi-project field program is planned for each of the Newfoundland properties. Exploration program details and results for each will be released separately. Survey work including soils, magnetics, geology and possibly IP surveying [...]
Quadro Resources Ltd. is pleased to report results from its fall drill program, completed in November, on the Staghorn Gold Property located in southwestern Newfoundland. A total of 1696 meters was completed in thirteen holes. The drilling tested two of four soil anomalies in the Marks Pond area and attempted to expand on the Ryan's Hammer mineralization previously tested in 2018. There has been no previous drilling [...]
Quadro Resources Ltd. is pleased to report that it has received an exploration permit to carry out exploration work on its recently optioned Careless Cove and Yellow Fox properties in Newfoundland and Labrador, where it has the right to earn a 100% interest under an agreement with Metals Creek Resources Corp. The Property is located within and adjacent to New Found Gold Corp.'s Queensway High-Grade Gold Project as [...]
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