Quadro Reports Additional Results from Its Long Lake Project Additional prospect results up to 20.12 g/t Au from float at Long Lake 440 meters west of the initial discovery
Quadro Reports Additional Results from Its
Long Lake Project
Additional prospect results up to 20.12 g/t Au from float at
Long Lake 440 meters west of the initial discovery
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) -
Quadro Resources
Ltd.
(
TSXV: QRO)
(
OTCQB: QDROF)
(
FSE: G4O2
)
("Quadro" or the "Company")
is pleased to
report additional results from recent exploration activities on its Long Lake Option. The optioned
property is part of the Victoria Lake Project in Central Newfoundland and is located within the auriferous
"Cape Ray Fault Corridor", which also includes Marathon Gold's Valentine Lake deposits, Matador
Mining's Cape Ray deposits and Sokoman Minerals' Moosehead project, where Quadro holds 108 sq
km between its Staghorn and Long Lake projects.
Further to its September 2, 2020 news release, additional prospecting was carried out in the East Tulks
area where recent results included 33.65 g/t Au from angular quartz. New assay results include high-
grade gold from three additional float samples collected from an area up to 500 meters west of the initial
discovery. One sample of quartz float with fine specs of visible gold, located 440 m west of the initial
occurrence assayed 20.12 g/t Au. The other two samples assayed 15.05 and 7.06 g/t Au. Prospecting
and soil sampling are continuing, focused on this area.
A trenching program was completed on the Tower Au-in-till anomaly which had up to 4.53 g/t Au in Heavy
Mineral Concentrate and included numerous grains of pristine gold grains (see Quadro news release
dated November 28, 2019) A total of 15 samples from four trenches were taken during the trenching
program and assays are pending.
(
Note: The surface grab samples described in this news release are selective by nature and are
unlikely to represent average grades of the property. The "float" samples are non in situ samples and
not necessarily from a proximal bedrock source).
Qualified Person
- Disclosure of a scientific or technical nature in this news release was prepared
under the supervision of Wayne Reid, P. Geo., VP Exploration for Quadro, and a qualified person under
National Instrument ("NI") 43-101.
QA/QC -
Analyses in this release were performed by Eastern Analytical of Springdale, NL, with ISO
17025 accreditation. Samples were transported by Company personnel to Eastern and all samples
were assayed using industry-standard assay techniques for gold and ICP-34 for other trace elements.
Gold was analyzed by a standard 30 gram fire assay with an AA finish.
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 and PGE in North
America. Quadro has approximately 50 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 and
Conche properties and has an option to earn a 100% interest in the Long Lake property in
Newfoundland and an option to earn a 70% interest in the Seagull Lake property in Ontario.
On behalf of the board of directors,
Quadro Resources Ltd.
"T. Barry Coughlan"
President and CEO
Tel (778) 373-6734
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.sedar.com
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/64166