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Quadro Updates on Exploration at Its Careless Cove Property in the Central Newfoundland Gold Belt
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) -   Quadro Resources Ltd.&#x...
About this update from Quadro Resources Ltd.
[{"type":"text","content":"Quadro Updates on Exploration at Its Careless Cove Property in the Central Newfoundland Gold BeltVancouver, British Columbia--(Newsfile Corp. - May 27, 2021) -  Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) (\"Quadro\" or the \"Company\") is pleased to provide an exploration update on its recently announced soil sampling and prospecting survey on the Careless Cove property (the \"Property\"), located southwest of Glenwood in east-central Newfoundland (see Quadro press release dated April 28, 2021). Previous work on the two claim blocks, which comprise the Property, resulted in the discovery of gold mineralization up to 11.38g/t Au from the Eastern Block, and 59.413 g/t Au from the Western Block as described below.The Property is located within the Central Newfoundland Gold Belt, eleven km southwest of New Found Gold's (\"NFG\") Keats Zone where drilling is defining a very high grade mineralized zone which includes recent intersections up to 261.3 g/t Au over 7.2m (see NFG press release dated April 20, 2021) and 146.2 g/t Au over 25.6m (see NFG press release dated May 21, 2021). Quadro's claim licenses are partially surrounded by NFG's Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization. (Note - Mineralization hosted on the Queensway Project is not necessarily indicative or representative of the mineralization that may be hosted on the Company's property.)Eastern Claim Block (Careless Cove) - Previous prospecting by Metals Creek Resources (\"MEK\") in 2020 located two areas of gold mineralization (see MEK news release dated July 30, 2020). Occurrence #1 is comprised of quartz breccia with disseminated and vein hosted pyrite/arsenopyrite with minor stibnite. Three samples taken from outcrop assays are as follows:Sample Numberg/t Au2361027.392361030.472361044.15 Follow-up prospecting located rubble (occurrence #2) approximately 50 meters away from occurrence #1. Two samples of this material had the following results. Sample Numberg/t Au3237637.3732376411.83 Western Claim Block (Yellow Fox) - Initial prospecting was carried out by Metals Creek in 2011, resulting in a concentration of highly anomalous gold values with one sample returning an assay of 59.413 g/t Au (main Yellow Fox showing) (...