Quadro Announces Completion of Drilling at Long Lake and Mobilization of Drill to Its Staghorn Project, 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
- 2026-09-16 19:25:57 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Quadro Resources has completed its 2021 drilling program at the Long Lake Project in Newfoundland, with assays currently pending due to regional laboratory delays. The company is now mobilizing its drill rig to the Staghorn property to continue testing mineralized targets.
Reasoning: The announcement reports the completion of a drilling program at Long Lake with assays pending, and the mobilization of a new program at Staghorn. While no new grades are provided, the proximity to established deposits and the continuation of drilling provide moderate interest.
Positive factors
- Mobilization to Staghorn project
- Presence of visible gold in Long Lake hole 4
- Proximity to Marathon Gold's Valentine Lake deposits
Negative factors
- Assays for Long Lake drilling are pending due to laboratory delays
Facts used in scoring: 2
Classification and evidence
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Properties are located within the Cape Ray Fault Corridor, proximal to Marathon Gold's Valentine Lake deposits.
Evidence · text
“Both properties are 100% owned by Quadro and are located within the auriferous "Cape Ray Fault Corridor," proximal to Marathon Gold's Valentine Lake deposits.”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The release mentions assays are pending and does not provide specific QA/QC protocols for the completed Long Lake holes.
Evidence · text
“Assays are pending, however due to the extremely busy exploration environment in Newfoundland assay are experiencing extended delays”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Long Lake · goldNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Classification
- Program
- resource
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-09-21T00:00:00.000Z
Reasoning: Drilling completed but no numeric assay results provided in this release.
Positive factors
- Visible gold observed in hole 4
Negative factors
- Assays pending
Evidence · text
“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”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
MP20-02Staghorn · goldGrade: 3.22Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MP20-02
- Project
- Staghorn
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 3.22
- Grade Unit
- g/t
- Intercept
- 5 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-07-05T00:00:00.000Z
Dates
- Event date
- 2021-09-21T00:00:00.000Z
Reasoning: Historical intercept provided for context regarding previous drilling at Staghorn.
Evidence · text
“Previous intersections included 3.22 g/t Au over 5.0m in MP20-02.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
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.