Quadro Comments on Its End of 2021 Drill Program at Long Lake and Staghorn, Newfoundland Gold Belt

Original announcement by tmx on

Company
Quadro Resources Ltd.
Ticker
QRO
Exchange
TSX
Region
Newfoundland
Primary commodity
Gold
Secondary commodities
Pyrite
Document categories
Drill results, Other
Extracted
2026-08-24 08:22:17 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Quadro Resources has completed its 2021 drill program at the Long Lake and Staghorn projects in Newfoundland. While all holes intersected targeted mineralization and some showed visible gold, the company is currently awaiting assay results due to laboratory backlogs.

Reasoning: The company completed a drill program but has not yet released the actual assay results; the news is primarily a progress update on program completion and geological observations.

Positive factors

  • all holes hit targeted mineralization
  • visible gold identified

Negative factors

  • assay results are pending
  • lab delays

Facts used in scoring: 6

Classification and evidence

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The program is described as completing the inaugural and second drill programs, targeting known mineralization.

Evidence · text

“completed its inaugural drill program at Long Lake and the second drill program of 2021 at its Staghorn project”

Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

Drill Results (6)

Fact 1Long Lake · goldNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
zero_all
Historical
No

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: Assay results are pending; no numeric grades reported for this specific program.

Evidence · text

“A total of nine holes were completed (five at Long Lake and four at Staghorn) and the Company is currently awaiting assay results.”
Fact 2Staghorn · goldNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Classification

Program
exploration
Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
zero_all
Historical
No

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: Assay results are pending; no numeric grades reported for this specific program.

Evidence · text

“A total of nine holes were completed (five at Long Lake and four at Staghorn) and the Company is currently awaiting assay results.”
MP20-02Staghorn · goldGrade: 10.1Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MP20-02
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
10.1
Grade Unit
g/t
Intercept
1 m

Classification

Sample Type
drill
Group ID
MP20-02:null-null

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2020-12-31T00:00:00.000Z

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: High grade intercept reported in historical summary.

Positive factors

  • strong grade for interval

Evidence · text

“hole MP20-02 intersected 10.1 g/t over 1.0m”
MP20-02Staghorn · goldGrade: 3.22Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MP20-02
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
3.22
Grade Unit
g/t
Intercept
5 m

Classification

Sample Type
drill
Group ID
MP20-02:null-null

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2020-12-31T00:00:00.000Z

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: Moderate grade intercept reported in historical summary.

Positive factors

  • good width

Evidence · text

“within a wider interval of 3.22 g/t Au over 5.0 m”
Fact 5Staghorn · goldGrade: 20.37Grade Unit: g/tIntercept: 0.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
20.37
Grade Unit
g/t
Intercept
0.5 m

Classification

Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-05-25T00:00:00.000Z

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: High grade intercept reported in historical summary.

Positive factors

  • high grade

Negative factors

  • narrow width

Evidence · text

“intersections of 20.37 g/t Au over 0.5 m”
Fact 6Staghorn · goldGrade: 3.89Grade Unit: g/tIntercept: 2.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
3.89
Grade Unit
g/t
Intercept
2.5 m

Classification

Sample Type
drill

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-05-25T00:00:00.000Z

Dates

Event date
2021-11-10T00:00:00.000Z

Reasoning: Moderate grade intercept reported in historical summary.

Evidence · text

“and 3.89 g/t Au over 2.5 m”

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.