Quadro Shares Results from Its Optioned Staghorn Property
1400 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 644-9561
QUADRO SHARES RESULTS FROM ITS OPTIONED STAGHORN PROPERTY
Vancouver, B.C., November 29, 2022. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV: QRO, OTC Pink: QDROD, FRA: G4O2) is pleased to announce high grade gold results
from recent work completed by TRU Precious Metals Corp. (“TRU”) on TRU’s recently optioned
Staghorn property in Central Newfoundland. This work was completed within the Staghorn option
along the Mark’s Pond Shear zone and within the Rich House Mineral occurrence further to the
Northeast.
This zone was first identified in 2018 by Quadro technical staff during the execution of a short
trenching program. Follow up work including diamond drilling was then able to confirm the
presence of a broad, extensive shear zone with multiple parallel high strain gold bearing structures
which remains open to the North and along strike to the Northeast and the Southwest.
Highlights (from TRU Precious Metals Corp.’s news release dated November 23, 2022)
• Visible gold is evident in outcrop and in bedrock grab samples collected from a recently
extended trench at Mark’s Pond. The grab samples were taken from a sheared
volcaniclastic and graphitic unit containing a significant number of quartz-carbonate veins.
Mapping and channel sampling within the trench have confirmed the presence of visible
coarse- and fine-grained gold both within these quartz-carbonate veins and the surrounding
wall rock along a newly discovered shear zone approximately 130 m northwest of the
Mark’s Pond Gold Zone.
• Three bedrock grab samples collected from newly exposed outcrop in the Mark’s Pond
trench have returned very high-grade gold assay results from total pulp metallics analysis
(metallic screening) including weighted average total Au values of 1,929 g/t Au, 205.6 g/t
Au, and 180.1 g/t Au (Table 1 and Figure 2).
• Four bedrock grab samples collected at the Rich House target along the northern shore of
Victoria Lake returned weighted average total Au values between 4.3 and 16.8 g/t Au from
metallic screening analysis (Table 1 and Figure 1).
• A series of channel samples have been collected in the recently excavated 275 m long
trench at Mark’s Pond including a 23 m long easterly extension at the southern end of the
trench along strike of the gold bearing volcaniclastic and graphitic shear zone. Those assay
results are pending from the laboratory
Quadro is pleased that ongoing cooperation between TRU and Quadro’s technical staff was
successful in delineating additional parallel gold bearing trends within the Mark’s Pond zone.
1400 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 644-9561
Quadro Closes Option Agreement with TRU for Quadro’s Staghorn Project
On August 18, 2022, the Company announced that, further to its news release dated June 16, 2022,
it closed the definitive option agreement with TRU. Pursuant to the terms of the option agreement,
TRU has the option to acquire up to an aggregate 65% ownership in Quadro’s Staghorn project
located in central Newfoundland. The Staghorn project is a large claim package of 133 claim units
in eight mineral licenses covering 3,325 hectares with a 12 km strike length of the auriferous Cape
Ray Fault Zone.
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 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. The Company’s shares trade on the TSX Venture Exchange under the symbol “QRO”.
Quadro owns a 100% interest in the Staghorn property, which it has optioned to TRU Precious
Metals Corp., has an option to earn a 100% interest in the Long Lake and Careless Cove properties,
and has an option to earn an initial 51% interest in the Tulks South Property, in Newfoundland.
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.sedar.com.