Quadro’S First Phase Drilling ON the Woods Lake Zone Intersects Altered Prophyry Carrying Highly Anomalous GOLD Staghorn Property, Southwestern Newfoundland
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (778) 373-6734 Fax (604) 685 -8677
QUADRO’S FIRST PHASE DRILLING ON THE WOODS LAKE ZONE
INTERSECTS ALTERED PROPHYRY CARRYING HIGHLY
ANOMALOUS GOLD STAGHORN PROPERTY,
SOUTHWESTERN NEWFOUNDLAND
Vancouver, B.C. January 31, 2018. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV:QRO) is pleased to report results from its first phase of diamond drilling on the Staghorn
Gold Property located in southwestern Newfoundland. The nine-hole drill program totaling
1466 meters was limited to testing the Woods Lake Zone area located in the centre of the
property. The final results listed in Table 1 below, confirmed that Wood Lake Zone consists of
strongly altered felsic porphyry with variable quartz veining and pyrite/arsenopyr ite
mineralization. The assay results confirm that the altered porphyry is highly anomalous in gold
with values ranging between 0.325 g/t Au over 32.5 m to 0.942 g/t Au over 4.4 m. from the
more intense alteration and mineralization. This round of drilling did not extend the higher grade
sections intersected in previous drilling. Table 1 details the drill results from this program.
Table 1 – Drill results from Nov, Dec, 2017 drilling – Staghorn Project
DDH FROM TO
INTERVAL
(metres) Au g/t Remarks
ST17-01 hole lost at 31.5 m
ST17-02 124.5 125.5 1.00 0.422 Woods Lake Zone
ST17-03 111.5 144 32.50 0.325 Woods Lake Zone
ST17-04 109 116.5 7.50 0.663 Woods Lake Zone
incl. 112.5 116.5 4.00 0.942 Woods Lake Zone
ST17-05 112 139.72 27.72 0.433 Woods Lake Zone
incl. 118 122.4 4.40 0.868 Woods Lake Zone
ST17-06 142 155 13.00 0.249 Woods Lake Zone
incl. 142 144 2.00 0.853 Woods Lake Zone
ST17-07 100 111 11.00 0.152 Woods Lake Zone
ST17-08
Mink Lake fence, SW of Woods
Lake
ST17-09
Mink Lake fence, SW of Woods
Lake
All widths quoted are drill intervals and not true widths.
The 100% owned Staghorn Property consists of 405 claim units (101 sq. km) covering a
thirty kilometer strike length of the gold rich Cape Ray Fault. This structure hosts a number of
significant gold deposits including Marathon Gold Corp.’s (MOZ -T) Valentine Lake deposit
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (778) 373-6734 Fax (604) 685 -8677
(indicated and measured resources of 1,847,000 oz Au and inferred resources of 1,012,000 oz
Au), located 30 kilometers to the northeast of the Staghorn Property.
A second phase of drilling is expected to start this spring and will target the Cape Ray Fault
Zone to the northeast of the Woods Lake Zone closer to the Marathon’s Valentine Lake deposit.
This section of the property hosts a number of high grade showings and mineralized float
material including Ryan's Hammer (mineralized float up to 27.8 g/t Au) and the Rich House
Zone (grab samples up to 189.0 g/t Au) (see Quadro news release August 21/17). A field
program of geochemistry and rock sampling is planned for February to better define these
targets prior to drilling.
QA/QC PROTOCOL
Quadro has implemented a quality control program on its drill programs at the Staghorn Project
to ensure best prac tice in sampling and analysis. Quadro maintains strict quality
assurance/quality control protocols including the systematic insertion of certified standard
reference and blank materials into each sample batch. Analyses in this release were performed
by Eastern Analytical of Springdale, NL with ISO 17025 accreditation. Samples were
transported in sealed bags to the Eastern laboratory and all samples were assayed using
industry-standard assay techniques for gold. Gold was analyzed by a standard 30 gram fire
assay with an AA finish.
Wayne Reid, P. Geo., VP Exploration for Quadro and a Qualified Person as defined by National
Instrument 43-101 guidelines, was involved in the planning, execution and monitoring of
Quadro’s exploration program at Staghorn and is responsible for the contents of this release.
Quadro acknowledges the financial support of the JEA Program, Department of Natural
Resources, Government of Newfoundland and Labrador.
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 27.4 million 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
“T. Barry Coughlan”
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.
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (778) 373-6734 Fax (604) 685 -8677
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.