51-102F3 Material Change Report [F]
51-102F3 Material Change Report [F]
Item 1 Name and Address of Company
Quadro Resources Ltd.
1500 – 1040 West Georgia Street
Vancouver, BC V6E 4H1
Item 2 Date of Material Change
June 25, 2018
Item 3 News Release
The news release dated June 25, 2018 was disseminated through Canada Stockwatch and Market News
under section 7.1 of National Instrument 51-102.
Item 4 Summary of Material Change
Please refer to attached news release.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
Please refer to attached news release
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
N/A
Item 8 Executive Officer
T. Barry Coughlan, CEO, (604) 683-3331
Item 9 Date of Report
June 27, 2018
1 5 0 0 – 1 0 4 0 W e s t G e o r g i a S t r e e t V a n c o u v e r , B . C . V 6 E 4 H 1 T e l (778 ) 3 7 3- 6 7 3 4 F a x ( 6 0 4 ) 6 8 5- 8 6 7 7
Quadro Resources, Metals Creek Resources and Benton Resources Jointly Stakes New
Lead/Silver Property On The Great Northern Peninsula, Newfoundland
Toronto, June 25, 2018 . - Quadro Resources Inc. (TSX - V: QRO) (Quadro),
Metals Creek Resources Corp. (TSX -V: MEK) (Metals Creek ) and Benton
Resources Inc. (TSX-V: BEX) (Benton) and are pleased to announce the
acquisition of a new jointly staked (33.33% each) property (Conche
Showing) on Newfoundland’s Great Northern Peninsula. During
reconnaissance prospecting efforts , lead by three personnel of the three
companies, a new Galena, Copper, Zinc, and Fluorite zone was discovered
over a broad area in outcrop and over a strike length of greater than 300m.
Since representatives of three companies were present at the time of
discovery and the discovery was on open ground, the three companies
agreed to stake the ground jointly as equal partners.
The jointly staked ground is tied onto the south side of Quadro’s 100%
owned Cape Rouge claim licence (15.75 sq km), which was initi ally staked
based on the area’s favorable geology and coincident Ag -in-lake sediment
anomalies (see Quadro news release dated Jan 11(?), 2018). The newly
discovered lead-silver mineralization is located within a strong north -south
striking deformation zone and is located 1.2 km due south of the 100%
owned Quadro claim. Follow -up work will be initiated this summer and will
prioritize this northerly trend.
Eighteen grab samples were taken from the new zone of which ten (10)
selective grab samples were rushed for analysis. Highlights from these assay
results include up to 15.5% Lead (pb) and 192 grammes per tonne (g/t)
silver. Below is a table of results for the rush assays.
The surface grab samples mentioned in this release are selective by nature
and are unlikely to represent average grades of the property.
1 5 0 0 – 1 0 4 0 W e s t G e o r g i a S t r e e t V a n c o u v e r , B . C . V 6 E 4 H 1 T e l (778 ) 3 7 3- 6 7 3 4 F a x ( 6 0 4 ) 6 8 5- 8 6 7 7
The property is located approximately 7 kms from the southeast boundary of
Altius Minerals Corporation’s new Sail Pond discovery, where Altius obtained
grab samples up to 2,030 g/t Ag, 7.08% Cu, 9. 40% Pb, 2.54% Sb, 0.46 g/t
Au and 944 g/t Ag, 5.24% Cu, 7.6% Pb, 2.32% Zn, 0.30g/t Au (South Zone)
and 803 g/t Ag, 3.58% Cu, 0.11% Pb, 1.04% Zn, 0.92% Sb, 0.17 g/t Au
(North Zone). (Altius web site). Altius has executed a Letter of Intent (“LOI”)
to sell its Sail Pond silver -copper-lead-zinc project to New Found Gold Corp.
(“NFG”), a private Newfoundland -focused precious metals explorer. Key
conditions of the LOI include NFG listing its common shares on a recognized
Canadian stock exchange and raising a minimum of $7.5 million via a private
placement, of which Altius would invest a minimum of $1 million. (See Altius
news release dated 28 March 2018)
Wayne Reid, P. Geo., VP Exploration for Quadro and a Qualified person as defined in National
Instrument 43-101, was involved in the field work described herein and is r esponsible for this
release.
About Quadro Resources – Quadro is a publicly traded mineral exploration company. It is led
by an experienced and successful management team and is focused on exploring for gold in
North America. Quadro has 27,427,094 shares outstanding. The Company’s shares trade on the
TSX Venture Exchange under the symbol “QRO”. Quadro owns a 100% interest in the Staghorn
property in Newfoundland.
On behalf of the board of directors,
Quadro Resources Ltd.
“T. Barry Coughlin”
President and CEO
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release." The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.
Any statements that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of historical fact and may be "forward-
looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that
could cause actual events or results to differ from those reflected in the forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-
looking statements are made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. Actual events or results could differ
materially from the Company's expectations or projections.”
For more information on the Company, interested parties should review the Company's filings that are
available at www.sedar.com.