Business
Quadro Intersects 20.37 g/t Au over 0.5 m and 3.89 g/t Au over 2.5 m in Undercut Drill Holes at Staghorn Gold Project in the Central Newfoundland Gold Belt
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Quadro Resources Ltd.  (...
About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Intersects 20.37 g/t Au over 0.5 m and 3.89 g/t Au over 2.5 m in Undercut Drill Holes at Staghorn Gold Project in the Central Newfoundland Gold BeltVancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (\"Quadro\" or the \"Company\") 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 (40 sq. km). 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 the discovery hole MP20-02. Drilled in late 2020, this hole intersected a gold zone assaying 3.22 g/t Au over 5.0m, within a wider intersection of 1.98 g/t Au over 12.0m (see Quadro press release dated January 5, 2021).From T. Barry Coughlan, CEO: \"Newfoundland is experiencing a modern gold rush and Quadro is well positioned for discovery. The Company has a strategic land package in the region located among established and up and coming gold projects. Drilling has been ongoing since 2020 and continues into 2021 and we are excited for what 2021 will bring. The recent exploration at Staghorn has continued to define gold mineralization associated with the Cape Ray Fault zone. The program helped outline the Marks Pond zone over 300 meters and succeeded in vectoring on areas of potential higher grade below the existing holes. We look forward to resuming the target testing early summer.\"The drilling was successful in extending the Marks Pond Zone 300 meters to the northeast. All holes intersected a 20 to 30 meter wide zone of strongly altered diorite (albitized, silicified) with appreciable amounts of quartz veining and sulphide mineralization with variable gold results (Table 1 below). The most noteworthy gold values were obtained from undercut drill holes on either end of the zone. On the northeast portion of the zone hole MP21-18 intersected 20.37 g/t Au over 0.5m within a wider zone of 0.53 g/t Au over 23.8m. To the southwest hole MP21-20 undercut the discovery hole drilled in 2020 (MP20-02 which intersected 3.22 g/t Au over 5.0m). This undercut intersected 3.89 g/t Au over 2.5m within a wider i...