# Quadro Announces Completion of Drilling at Long Lake and Mobilization of Drill to Its Staghorn Project, Newfoundland Gold Belt Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--e728cba9-438c-4912-a0ab-2fe944f9838b 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: Pyrite - Document categories: Drill results, Other - Extracted: 2026-09-16 19:25:57 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas 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 factor: Mobilization to Staghorn project - Positive factor: Presence of visible gold in Long Lake hole 4 - Positive factor: Proximity to Marathon Gold's Valentine Lake deposits - Negative factor: Assays for Long Lake drilling are pending due to laboratory delays Facts used in scoring: 2 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: 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 Disclosure** Polarity: negative Definition: 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 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--e728cba9-438c-4912-a0ab-2fe944f9838b#fact-drill-facts-0) Long Lake · gold Needs review: drill\_no\_hole\_id #### 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 factor: Visible gold observed in hole 4 - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### MP20-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-announces-completion-of-drilling-at-long-lake-and-mobilization-of-drill-t--e728cba9-438c-4912-a0ab-2fe944f9838b#fact-drill-facts-1) Staghorn · gold Historical result Needs review: historical\_restatement #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: 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.