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Quadro Comments on Its End of 2021 Drill Program at Long Lake and Staghorn, Newfoundland Gold Belt
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Quadro Resources Ltd.
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About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Comments on Its End of 2021 Drill Program at Long Lake and Staghorn, Newfoundland Gold BeltVancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (\"Quadro\" or the \"Company\") 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 (see Quadro's news release dated May 25, 2021, for the early-2021 drill program at Staghorn). This latest drill program began at Long Lake in July before finishing at Staghorn in October. A total of nine holes were completed (five at Long Lake and four at Staghorn) and the Company is currently awaiting assay results.Figure 1: Quadro's gold projects, Newfoundland.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5339/102750_6664b9bdb4305b83_002full.jpgThe Company is pleased with this year's drilling and exploration programs, which were challenging to organize due to a previously unseen increased level of mineral exploration in the province which continues to put pressure on drill rig and personnel availability. Due to this increased activity, the assay labs have been backed up to as much as two months, however the Company expects complete assay results in the coming weeks. From T. Barry Coughlan (CEO): \"Initial indications from the recent drill program at Long Lake and Staghorn are very positive and all holes hit the targeted mineralization, with visible gold in some cases. We look forward to releasing the assay results when received and compiled. Quadro is currently working on producing new data maps. These new maps will incorporate this year's IP and mag and drill work allowing for a clearer overview of what we are looking at, which we believe could be a possible new discovery of an east-west trend through Long Lake and an extension to the Marks Pond zone at Staghorn. We look forward to releasing these results and planning next year's field programs.\" (See Figure 2 for detail.)Long LakeQuadro has a 100% interest in this property, located proximal to Marathon Gold's Valentine Lake deposits, totaling 272 claim units covering 6800 hectares. The property is located along the northwest boundary of the Marathon Gold's Valentine Lake project within an under-...