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Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Quadro Resources Ltd.
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About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (\"Quadro\" or the \"Company\") 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 (757 meters) 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 located 500m to the west (see Figure 1).Results have been received from the five holes and are tabulated below. A number of zones have been partially defined from the drilling including a high-grade narrow zones in holes RO-21-04 and two wider zones intersected in holes 01 and 02 which were drilled as a fence on the same section, The southern zone, intersected in hole 01, assayed 1.26 g/t Au over 17.1 meters, including 3.68 g/t over 5.4 m, from an intensely altered and quartz veined section of mineralized quartz monzonite. A second mineralized zone was intersected in hole 02 and is located approximately 100 meters north of the initial discovery. This zone assayed 0.55 g/t gold over 22.45 m and included a higher grade section of 1.25 g/t over 4.90 m.Table 1 - Drill Results from 2021 Long Lake Drilling - Ricky Gold TargetDDHAzim/DipFROMTOINTERVAL* (m)Au g/tCommentsRO-21-01180/-45145.80162.917.101.26\"South Zone\"East end of soil anomalyincl146.6152.05.403.68RO-21-02180/-4573.5596.022.450.55\"North ZoneStep-back 50 m North of RO-21-01incl79.584.44.901.25RO-21-03174/-4796.0106.010.00.1250 m east of the RO-21-01RO-21-04180/-4547.548.00.5031.70500m west of RO-21-01/02 fenceRO-21-05180/-45No significant values * Reported drill intercepts are not true widths. At this time there is insufficient data to calculate true orientations.Previous field work by Quadro over the past two field seasons had targeted a northeast striking quartz monzonite unit located approximately 7 km northwest of the monzonite unit hosting Marathon Gold's Valentine Lake deposits (see Figure 2). This field work defined the Ricky Target as a 700 m long gold anomaly highlighted b...