Quadro Initiates Drill Program ON Its Staghorn Property IN Southwestern Newfoundland
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel 778.373.6734 Fax 604.685. 8677
QUADRO INITIATES DRILL PROGRAM ON ITS STAGHORN
PROPERTY IN SOUTHWESTERN NEWFOUNDLAND
Vancouver, B.C. November 20, 2017. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV: QRO.V) is pleased to report it has initiated a diamond drill program on its recently
acquired Staghorn Gold Property located in southwestern Newfoundland. The 100% owned
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’s Valentine Lake deposit (indicated and measured resources of 1,388,200 oz
Au and inferred resources of 766,500 oz Au), located 30 kilometers to the northeast.
Initial drill holes will target the Woods Lake Zone where previous work has identified a plus
30 meter wide zone of strongly altered and mineralized felsic intrusive rocks, highlighted by
previous drill intercepts of 2.14 g/t Au over 16.11 meters, including 6.18 g/t over 5.11
meters.(See Metals Creek Resources news release dated 3 Dec 2009) A second significant
area of mineralization includes the Ryan's Hammer (mineralized float up to 27.8 g/t Au) and
Rich House zone (grab samples up to 189 g/t Au) (see the Company’s August 21, 2017 news
release). Grab samples and float samples are selective in nature and are not representative.
A total of 2000 meters of drilling is anticipated in this stage 1 program and results will be
released as they become available. Quadro is well funded to complete this and subsequent
programs after completing a recent financing of $1.4 million.
Quadro acknowledges the financial support of the JEA Program, Department of Natural
Resources, Government of Newfoundland and Labrador.
Wayne Reid, P. Geo., VP Exploration for Quadro and a qualified person as defined in
National Instrument 43-101, is responsible for this release and supervised the preparation of
the information forming the basis 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 Coughlan”
President and CEO
For further information please contact the Company at: 604.683.3331
"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
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel 778.373.6734 Fax 604.685. 8677
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.