# Quadro Comments on Its End of 2021 Drill Program at Long Lake and Staghorn, Newfoundland Gold Belt

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quadro-comments-on-its-end-of-2021-drill-program-at-long-lake-and-staghorn-newfo--7d219778-420e-4aa2-9de0-61c53c6d28c1

Original source: https://money.tmx.com/en/quote/QRO/news/6116907262006676/quadro-comments-on-its-end-of-2021-drill-program-at-long-lake-and-staghorn-newfo

Publisher: tmx

Original announcement: 2021-11-10T12:00:00.000Z

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 19:28:39 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Quadro Resources has completed its end-of-2021 drill program consisting of nine holes across the Long Lake and Staghorn projects in Newfoundland. While the company reports positive initial indications including visible gold, all formal assay results are currently pending due to laboratory backlogs.

Reasoning: The company completed a drill program but has not yet released the actual assay results, making the news a progress update rather than a results release.

- Positive factor: All holes hit targeted mineralization

- Positive factor: Visible gold identified in some holes

- Positive factor: Potential for new discovery/extension

- Negative factor: Assay results are pending

- Negative factor: Lab backlogs causing delays

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: Project is located proximal to Marathon Gold's Valentine Lake deposits.

Evidence · text

> located proximal to Marathon Gold's Valentine Lake deposits

## Extracted facts

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

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-comments-on-its-end-of-2021-drill-program-at-long-lake-and-staghorn-newfo--7d219778-420e-4aa2-9de0-61c53c6d28c1#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: exploration
- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: zero\_all
- Historical: No

#### Dates

- Event date: 2021-11-10T00:00:00.000Z

Reasoning: No assay values provided in this release; results are pending.

Evidence · text

> A total of nine holes were completed \(five at Long Lake and four at Staghorn\) and the Company is currently awaiting assay results.

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Follow up drilling is planned on these two newly discovered zones and first pass drilling is planned on the Careless Cov"

## 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.