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HomeInvestmentQuadro Proclaims Remaining 2021 Assay Outcomes from Staghorn, Central Newfoundland Gold District

Quadro Proclaims Remaining 2021 Assay Outcomes from Staghorn, Central Newfoundland Gold District


Quadro Sources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (“Quadro” or the “Firm”) is happy to announce the remaining assay outcomes from its 2021 Staghorn gold undertaking, Newfoundland. Additional to its November 18, 2021, information launch, wherein the Firm introduced the invention of a brand new gold zone intersected from the inaugural exploration drill program at its Lengthy Lake property, in Central Newfoundland, Quadro’s assays outcomes from 4 drill holes at Staghorn remained overdue attributable to assay lab-related delays. After finishing the Lengthy Lake drilling, the drill was mobilized to Quadro’s Staghorn property the place an extra 891 meters had been accomplished in 4 holes on the southwest finish of the Marks Pond zone.

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Determine 1: Quadro’s Staghorn and Lengthy Lake/Tulks South tasks, Newfoundland.

To view an enhanced model of Determine 1, please go to:
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These assay outcomes are reported under. Highlights embrace:

  • MP21-021: A excessive of 29.1 g/t Au over 0.35m inside a 57.0 m vast zone grading 0.33 g/t Au. and 1st definitive seen gold, under the principle zone.
  • MP21-023: 1.95g/t Au over 6m.
  • MP21-024: An intercept of 1.1 g/t Au over 5.0m together with 1.8 g/t Au over 3.0m, thus extending the Marks Pond Horizon 200 m to the southwest for a complete of 626m strike size.

Desk 1 – Drill Outcomes from 2021 Staghorn Drilling – Mark’s Pond Gold Goal

* Reported drill intercepts usually are not true widths. At the moment there may be inadequate knowledge to calculate true orientations.

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Determine 2: Mark’s Pond, Staghorn, Newfoundland.

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Marathon Gold’s Valentine Lake deposits are situated proximate to the Quadro claims. (Whole Measured Mineral Sources (inclusive of the Mineral Reserves) comprise 1.9 Moz (31.7 Mt at 1.86 g/t) with Indicated Mineral Sources (inclusive of the Mineral Reserves) of 1.19 Moz (23.2 Mt at 1.60 g/t). Further Inferred Mineral Sources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). (N.I. 43-101 Technical Report & Pre-Feasibility Examine on the Valentine Gold Mission Newfoundland and Labrador, Canada Report date: April 21, 2020 Efficient date: April 18, 2020 Ready for: Marathon Gold Company 10 King St. East, Suite 501, Toronto, ON, M5C 1C3 Ready by: Ausenco Engineering Canada).
(Mineralization hosted on these established operations will not be essentially indicative or consultant of the mineralization which may be hosted on the Firm’s property).

From T. Barry Coughlan (CEO): “With these newest assays following on 2021’s earlier drilling at Staghorn [see Quadro’s news release dated May 25, 2021], the Marks Pond Gold Horizon has been prolonged to over 600m in strike size and has confirmed continuity down dip, nevertheless the grades of the plus 20 m vast zone haven’t proven any enchancment over the sooner drilling. Essentially the most vital side of this system was the invention of a decrease zone of high-grade mineralization with seen gold under the principle zone. Further drilling is deliberate to comply with up on the high-grade decrease zone and vast step out drilling on the Marks Pond Horizon the place a variety of gold-in-soil anomalies stay to be examined. We stay up for creating the Staghorn targets, along with the brand new gold discovery on the Lengthy Lake undertaking, additional in 2022.”

QA/QC PROTOCOL

Quadro has applied a high quality management program on its drill packages on the Staghorn Mission to make sure greatest follow in sampling and evaluation. Quadro maintains strict high quality assurance/high quality management protocols together with the systematic insertion of licensed customary reference and clean supplies into every pattern batch. Analyses on this launch had been carried out by Actlabs of Ancaster, ON, with ISO 17025 accreditation. All samples had been assayed utilizing industry-standard assay strategies for gold. Gold was analyzed by a typical 30 gram hearth assay with an AA end.

Quadro acknowledges the monetary assist of the JEA Program, Division of Pure Sources, Authorities of Newfoundland and Labrador.

Certified Particular person – Wayne Reid, P. Geo., VP Exploration for Quadro and a certified particular person as outlined in Nationwide Instrument 43-101, is accountable for this launch and supervised the preparation of the knowledge forming the idea for this launch.

About Quadro Sources – Quadro is a publicly traded mineral exploration firm. It’s led by an skilled and profitable administration crew and is targeted on exploring for gold in North America. The Firm’s shares commerce on the TSX Enterprise Change underneath the image “QRO”. Quadro owns a 100% curiosity within the Staghorn property, has an choice to earn a 100% curiosity within the Lengthy Lake and Careless Cove properties, and has an choice to earn an preliminary 51% curiosity within the Tulks South Property, in Newfoundland.

On behalf of the board of administrators,
Quadro Sources Ltd.

“T. Barry Coughlan”
President and CEO

Tel (604) 644-9561
data@quadroresources.com

“Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.” The data contained herein comprises “forward-looking statements” inside the that means of relevant securities laws. Ahead-looking statements relate to info that’s primarily based on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, aims, assumptions or future occasions or efficiency usually are not statements of historic truth and could also be “forward-looking statements.” Ahead-looking statements are topic to quite a lot of dangers and uncertainties that might trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements. Traders are cautioned in opposition to attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm doesn’t assume any obligation to replace or revise them to mirror new occasions or circumstances. Precise occasions or outcomes may differ materially from the Firm’s expectations or projections.” For extra info on the Firm, events ought to assessment the Firm’s filings which might be accessible at www.sedar.com.

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