TSXV:QRO - Post Discussion
Post by
knoxt on Sep 21, 2021 8:28am
news
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| Quadro Announces Completion of Drilling at Long Lake and Mobilization of Drill to Its Staghorn Project, Newfoundland Gold Belt |
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Newsfile Corp Vancouver, British Columbia--(Newsfile Corp. - September 21, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") 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 gold target highlighted by a strong Au-in-soil anomaly and a number of float samples with values up to 33.65 g/t Au. Detailed ground magnetics was completed on the target and an IP survey was completed prior to drilling. The Company will release the results of these programs when received. At Long Lake, the Company drilled 5 holes, intersecting pyrite mineralization with strong alteration including silicification, sericitization and variable quartz veining. Minor visible gold was recognized in hole 4 within the altered zone. Assays are pending, however due to the extremely busy exploration environment in Newfoundland assay are experiencing extended delays, in many cases longer than usual, with delays of up to a month or more. Staghorn Drilling is now mobilizing to Staghorn, where the Company plans to drill under last year's drilling-identified mineralized targets. The Company has identified 3 holes for immediate drilling. Drilling at Staghorn will continue to test the Marks Pond Zone and the Ryan's Hammer area. Drilling last winter at Marks Pond extended the wide gold alteration zone 400 m to the northeast with good indications the gold grade and thickness were increasing with depth. Previous intersections included 3.22 g/t Au over 5.0m in MP20-02. The Ryan's Hammer area is highlighted by numerous angular float with grab samples up to 33 g/t Au. (Note: The grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property). |
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