# Quadro Announces New Drill Program at Long Lake and Staghorn, Newfoundland Gold Belt

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quadro-announces-new-drill-program-at-long-lake-and-staghorn-newfoundland-gold-b--c9c3dc47-d318-4218-b98a-7908e39977d9

Original source: https://money.tmx.com/en/quote/QRO/news/4861306961608827/quadro-announces-new-drill-program-at-long-lake-and-staghorn-newfoundland-gold-b

Publisher: tmx

Original announcement: 2021-07-05T12:00:00.000Z

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: None reported

- Document categories: Drill results, Other

- Extracted: 2026-09-16 19:22:40 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Quadro Resources has announced a new drilling program of at least 2500m at its Long Lake and Staghorn properties in Newfoundland. The program targets high-grade gold anomalies identified through soil sampling and surface grab samples.

Reasoning: The announcement of a new 2500m drill program at two properties provides a positive catalyst for exploration, supported by high-grade surface indicators.

- Positive factor: New drill program mobilization announced

- Positive factor: High-grade float samples \(33.65 g/t Au\) at Long Lake

- Positive factor: High-grade grab samples \(33 g/t Au\) at Ryan's Hammer

- Positive factor: Proximity to Marathon Gold's Valentine deposits

Facts used in scoring: 1

## 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 deposits.

Evidence · text

> proximal to Marathon Gold's Valentine Lake deposits

**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 names a Qualified Person \(Wayne Reid, P. Geo.\) responsible for the information.

Evidence · text

> Wayne Reid, P. Geo., VP Exploration for Quadro and a qualified person as defined in National Instrument 43-101, is responsible for this release

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### MP20-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-announces-new-drill-program-at-long-lake-and-staghorn-newfoundland-gold-b--c9c3dc47-d318-4218-b98a-7908e39977d9#fact-drill-facts-0)

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

#### Dates

- Event date: 2021-07-05T00:00:00.000Z

Reasoning: Historical intersection provided for context.

Evidence · text

> 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.