# Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715 Original source: https://money.tmx.com/en/quote/QRO/news/6887267659600094/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo Publisher: tmx Original announcement: 2021-11-18T17:13:00.000Z 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 08:28:47 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: high-grade intercept - Positive factor: discovery of new gold zone - Positive factor: QA/QC disclosed - Negative factor: apparent width only Facts used in scoring: 6 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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-21-01 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-0) Long Lake · gold #### 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 factor: wide intercept Evidence · table > 1.26 Context: 17.10 ### RO-21-01 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-1) Long Lake · gold #### 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 factor: high-grade intercept Evidence · table > 3.68 Context: 5.40 ### RO-21-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-2) Long Lake · gold #### 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 factor: wide intercept Evidence · table > 0.55 Context: 22.45 ### RO-21-02 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-3) Long Lake · gold #### 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 factor: high-grade sub-interval Evidence · table > 1.25 Context: 4.90 ### RO-21-03 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-4) Long Lake · gold #### 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 factor: low grade Evidence · table > 0.12 Context: 10.0 ### RO-21-04 [Link to this fact](https://atlas-staging.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--695f9a39-c145-4115-96de-2472b9193715#fact-drill-facts-5) Long Lake · gold #### 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 factor: Bonanza Intercept - Negative factor: 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.