Quadro Provides Update ON Staghorn Project Drilling and Issues New Stock Options
QUADRO PROVIDES UPDATE ON STAGHORN PROJECT DRILLING AND ISSUES
NEW STOCK OPTIONS
Vancouver, B.C., May 7, 2025. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV: QRO; OTC Pink: QDROF; FSE: G4O) is pleased to report that its earn-in partner,
TRU Precious Metals Corp. ("TRU") (see TRU’s news release May 6, 2025) has commenced an
approximate 1,800 meters of diamond drilling on Quadro’s Staghorn claims located within TRU’s
Golden Rose Project, strategically located along the gold bearing Cape Ray-Valentine Lake Shear
Zone in Central Newfoundland. The target area for this 2025 drilling program is focused upon a
portion of the Staghorn claims, over which TRU has an option with QRO, specifically the Mark’s
Pond to Rich House exploration fairway (see TRU’s news release April 3, 2025).
The Staghorn project encompasses approximately 33.25 km² of mineral claims, strategically
situated along a 45 km strike length of the Cape Ray-Valentine Lake Shear Zone. This zone is
known for hosting significant gold deposits and lies directly between Calibre Mining’s Valentine
Gold Mine and AuMEGA Metals’ Cape Ray Shear Zone Gold Project. Mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the
Company’s property.
Under the terms of the option agreement with Quadro, TRU can earn up to a 65% interest in
Quadro's Staghorn project.
T. Barry Coughlan, President and CEO of Quadro, commented: "We are encouraged by TRU's
progress in advancing the Staghorn project. Their drilling program in the Mark’s Pond to Rich
House corridor is a significant step forward in exploring the potential of this highly prospective
region. We look forward to the results and the continued collaboration between our teams."
Additionally, Quadro announces the issuance of 2,175,000 new stock options to directors,
management, and consultants of the Company. The new options are exercisable at a price of $0.07
per share and will expire on May 30, 2030.
Qualified Person
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 Resources Ltd. is a publicly traded mineral exploration
company with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange
under the ticker symbol “QRO.” The Company is dedicated to advancing gold exploration projects
across North America. Quadro holds a 100% ownership interest in the Staghorn property, which
is currently optioned to TRU Precious Metals Corp., and also fully owns the Long Lake property.
On behalf of the board of directors,
Quadro Resources Ltd.
“T. Barry Coughlan”
President and CEO
Tel (604) 644-9561
"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.sedarplus.ca