Business
Quadro Provides Exploration and Drilling Program for 2020
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Quadro Resources Ltd.  ...
About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Provides Exploration and Drilling Program for 2020Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Quadro Resources Ltd. (TSXV: QRO) (\"Quadro\" or the \"Company\") is pleased to provide an update on its projects in Newfoundland and Labrador and Ontario. During the past six months Quadro has added two significant properties to its portfolio, the Long Lake gold project in central Newfoundland and the Seagull Lake PGE property in western Ontario. These new additions, along with its Staghorn gold property in Newfoundland, gives Quadro exceptional exposure to two of the most exciting exploration regions in Canada which contain two of the most highly valued and in-demand commodities, gold, and platinum-palladium. Staged work programs are planned for both project areas once the present seasonal weather conditions are eased and field work can be carried out in a safe manner.Victoria Lake Gold Project, Newfoundland and Labrador - Located in west-central Newfoundland, the project comprises the Staghorn property and the recently optioned Long Lake property (see Quadro's press release dated November 28, 2019). Both properties cover portions of the auriferous Cape Ray Fault system which hosts a number of active gold exploration programs including Marathon Gold's Valentine Lake deposits where an on-going drill programs is expanding on proven multi-million ounce gold resources (Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au). Measured and Indicated Mineral Resources, which are inclusive of the Mineral Reserves, are 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au. Marathon Gold`s website). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.Work will initially start on the Long Lake claims, located along the north boundary of Marathon Gold's property. Highlights from this property include two areas of strong gold-in-tills (up to 4.53 g/t Au in heavy mineral concentrate) which have never been followed up. The recovered gold grains consist of mostly silt-sized pristine and modified grains which suggest that the samples were collected in close proximity to the source mineralization. An exploration program consisting of prospecting, geochem...