The drill is now being mobilized to its Staghorn property, located 50 km southwest of Long Lake. The total program is presently set for a minimum of 2500 m of drilling.
Long Lake
At Long Lake, the main target is the Ricky occurrence, where soil sampling and prospecting has defined a 700 m long gold target highlighted by a strong Au-in-soil anomaly and a number of float samples with values up to 33.65 g/t Au. Detailed ground magnetics was completed on the target and an IP survey was completed prior to drilling. The Company will release the results of these programs when received.
At Long Lake, the Company drilled 5 holes, intersecting pyrite mineralization with strong alteration including silicification, sericitization and variable quartz veining. Minor visible gold was recognized in hole 4 within the altered zone. Assays are pending, however due to the extremely busy exploration environment in
Staghorn
Drilling is now mobilizing to Staghorn, where the Company plans to drill under last year's drilling-identified mineralized targets. The Company has identified 3 holes for immediate drilling.
Drilling at Staghorn will continue to test the
Previous intersections included 3.22 g/t Au over 5.0m in MP20-02. The Ryan's Hammer area is highlighted by numerous angular float with grab samples up to 33 g/t Au. (Note: The grab samples described in this news release are selective by nature and are unlikely to represent average grades of the property).
Both properties are 100% owned by Quadro and are located within the auriferous 'Cape Ray Fault Corridor,' proximal to
Mineralization hosted on these established operations is not necessarily indicative or representative of the mineralization that may be hosted on the Company's property.
About
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
Contact:
Tel: (604) 644-9561
Email: info@quadroresources.com
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.'
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