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Quadro Intesects New Gold Zone (3.22g/t Au over 5.0m Including 10.1g/t Au over 1.0m) at the Marks Pond Area, Staghorn Project in West Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Quadro Resources Ltd. ...
About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Intesects New Gold Zone (3.22g/t Au over 5.0m Including 10.1g/t Au over 1.0m) at the Marks Pond Area, Staghorn Project in West Central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (\"Quadro\" or the \"Company\") is pleased to report results from its fall drill program, completed in November, on the Staghorn Gold Property located in southwestern Newfoundland. A total of 1696 meters was completed in thirteen holes. The drilling tested two of four soil anomalies in the Marks Pond area and attempted to expand on the Ryan's Hammer mineralization previously tested in 2018. There has been no previous drilling carried out on the Marks Pond targets. The highlight of the program was the discovery of a new gold zone at Mark's Pond where hole MP20-02 intersected 10.1 g/t over 1.0m within a wider interval of 3.22 g/t Au over 5.0 m.These results define a new discovery of gold mineralization along the Cape Ray fault system. The initial intersections exhibit good width and grade potential and the target remains completely open in all directions. The geological setting and mineralization at Marks Pond is similar to that which hosts Marathon Gold's Valentine Lake Deposits. Marathon's mineralization is described as a series of Quartz Tourmaline Pyrite veins occurring within the Valentine Lake intrusive, proximal to the Valentine Lake Shear Zone which juxtaposes the Intrusive Complex against the Silurian Rogerson Lake conglomerate. (Marathon Gold's website). The gold intersections at Marks Pond are characterized as a series of quartz veins and pyrite mineralization within a strongly altered intrusive, within the Cape ray structure. Fine tourmaline has also been recognized in some of the veining. The initial three holes in the program (MP20-01, 02 and 03) were targeted on soil anomaly \"B\" (see the Quadro news release dated October 20, 2020) with the first hole collaring in the zone at 5.5 meters. Three later holes (MP20-08, 09 and 10 were drilled to the southwest of the Marks Pond zone in an area of low soil values. Four holes (MP20-04, 05, 06 and 07 were drilled to test soil anomaly \"D\" located 800 meters to the northeast of the Marks Pond zone. Hole MP20-04 intersected 5.05g/t over 1.0m however the core was extremely br...