# Quadro Announces Completion of Drilling at Long Lake and Mobilization of Drill to Its Staghorn Project, Newfoundland Gold Belt

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--5ae7622e-7581-4327-8b9c-6c8566027755

Original source: https://money.tmx.com/en/quote/QRO/news/5516836898865662/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t

Publisher: tmx

Original announcement: 2021-09-21T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Quadro Resources Ltd.

- Ticker: QRO

- Exchange: TSX

- Region: Newfoundland

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-08-24 08:24:18 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Quadro Resources has completed its 2021 drilling program at the Long Lake Project and is now mobilizing to the Staghorn Project. While no new assay results were released due to regional laboratory delays, the company highlighted high-grade grab samples and historical intersections in the area.

Reasoning: The announcement reports the completion of a drilling program without new assay results, which is a routine operational update. However, it signals progress by mobilizing to a new project \(Staghorn\) and mentions high-grade nearby targets.

- Positive factor: completion of drilling program

- Positive factor: mobilization to new target

- Positive factor: near high-grade corridor

- Negative factor: assay delays

- Negative factor: no new assay results reported

Facts used in scoring: 3

## Classification and evidence

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The company highlights its proximity to Marathon Gold's Valentine Lake deposits and other established operations in the Cape Ray Fault Corridor.

Evidence · text

> proximal to Marathon Gold's Valentine Lake deposits

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### MP20-02

[Link to this fact](https://atlas-staging.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--5ae7622e-7581-4327-8b9c-6c8566027755#fact-drill-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: MP20-02
- Commodity: gold
- Ticker: QRO

#### Geometry

- Grade: 3.22
- Grade Unit: g/t
- Intercept: 5 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2021-09-21T00:00:00.000Z

Reasoning: This is a restatement of a previous intersection from last winter's drilling.

- Positive factor: strong grade for exploration

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--5ae7622e-7581-4327-8b9c-6c8566027755#fact-drill-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: QRO

#### Geometry

- Grade: 33
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2021-09-21T00:00:00.000Z

Reasoning: High grade surface samples indicate potential, but the company notes they are selective and not representative of average grades.

- Positive factor: high grade surface samples

- Negative factor: selective nature of grab samples

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--5ae7622e-7581-4327-8b9c-6c8566027755#fact-drill-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: QRO

#### Geometry

- Grade: 33.65
- Grade Unit: g/t

#### Classification

- Sample Type: surface

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2021-09-21T00:00:00.000Z

Reasoning: High grade float samples suggest mineralization presence.

- Positive factor: high grade float

- Negative factor: selective nature of float

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.