Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland

Original announcement by tmx on

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 08:28:47 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Quadro Resources has announced the discovery of a new gold zone at its Long Lake property in Newfoundland following its inaugural drill program at the Ricky target. Notable intercepts include 31.7 g/t Au over 0.5 m and 3.68 g/t Au over 5.4 m, with mineralization appearing open for expansion.

Reasoning: First drill results from the Ricky target show a high-grade 31.7 g/t Au intercept and a significant 3.68 g/t Au zone, confirming a new discovery. QA/QC is well-disclosed with certified labs and a QP sign-off.

Positive factors

  • high-grade intercept
  • discovery of new gold zone
  • QA/QC disclosed

Negative factors

  • apparent width only

Facts used in scoring: 6

Atlas analysis — Quadro Resources Ltd.: Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland. 1.26 g/t over 17.1 m; 31.7 g/t over 0.5 m; 0.55 g/t over 22.45 m

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 31.7 g/t Au is exceptionally high grade for this type of exploration target.

Evidence · table

“31.70”

Context: 0.50

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions systematic insertion of certified standards and blanks, and uses ISO 17025 accredited labs.

Evidence · text

“systematic insertion of certified standard reference and blank materials”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that reported drill intercepts are not true widths and insufficient data exists to calculate them.

Evidence · text

“Reported drill intercepts are not true widths.”

Extracted facts

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

Drill Results (6)

RO-21-01Long Lake · goldGrade: 1.26Grade Unit: g/tIntercept: 17.1 mView all details
Link to this fact

Identity

Hole ID
RO-21-01
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
1.26
Grade Unit
g/t
Intercept
17.1 m
From
145.8 m
To
162.9 m

Classification

Sample Type
drill
Group ID
RO-21-01:145.8-162.9
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: A wide 17.1m intercept at 1.26 g/t Au defines a mineralized zone.

Positive factors

  • wide intercept

Evidence · table

“1.26”

Context: 17.10

RO-21-01Long Lake · goldGrade: 3.68Grade Unit: g/tIntercept: 5.4 mView all details
Link to this fact

Identity

Hole ID
RO-21-01
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
3.68
Grade Unit
g/t
Intercept
5.4 m
From
146.6 m
To
152 m

Classification

Sample Type
drill
Group ID
RO-21-01:146.6-152.0
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: Strong high-grade sub-interval within the larger RO-21-01 intercept.

Positive factors

  • high-grade intercept

Evidence · table

“3.68”

Context: 5.40

RO-21-02Long Lake · goldGrade: 0.55Grade Unit: g/tIntercept: 22.45 mView all details
Link to this fact

Identity

Hole ID
RO-21-02
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
0.55
Grade Unit
g/t
Intercept
22.45 m
From
73.55 m
To
96 m

Classification

Sample Type
drill
Group ID
RO-21-02:73.55-96.0
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: A very wide 22.45m intercept at 0.55 g/t Au.

Positive factors

  • wide intercept

Evidence · table

“0.55”

Context: 22.45

RO-21-02Long Lake · goldGrade: 1.25Grade Unit: g/tIntercept: 4.9 mView all details
Link to this fact

Identity

Hole ID
RO-21-02
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
1.25
Grade Unit
g/t
Intercept
4.9 m
From
79.5 m
To
84.4 m

Classification

Sample Type
drill
Group ID
RO-21-02:79.5-84.4
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: Higher grade section within the RO-21-02 intercept.

Positive factors

  • high-grade sub-interval

Evidence · table

“1.25”

Context: 4.90

RO-21-03Long Lake · goldGrade: 0.12Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
RO-21-03
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
0.12
Grade Unit
g/t
Intercept
10 m
From
96 m
To
106 m

Classification

Sample Type
drill
Group ID
RO-21-03:96.0-106.0
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: Low grade intercept of 0.12 g/t Au.

Negative factors

  • low grade

Evidence · table

“0.12”

Context: 10.0

RO-21-04Long Lake · goldGrade: 31.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
RO-21-04
Project
Long Lake
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland
Ticker
QRO

Geometry

Grade
31.7
Grade Unit
g/t
Intercept
0.5 m
From
47.5 m
To
48 m

Classification

Sample Type
drill
Group ID
RO-21-04:47.5-48.0
Mining Method
unknown

QA/QC

Laboratory
Actlabs
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-11-18T00:00:00.000Z

Reasoning: Very high grade 31.7 g/t Au intercept, though very narrow at 0.5m.

Positive factors

  • Bonanza Intercept

Negative factors

  • narrow intercept

Evidence · table

“31.70”

Context: 0.50

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.