Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland
Original announcement by tmx on
- 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 19:25:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Quadro Resources has announced its first drill results from the Ricky target at the Long Lake property in Newfoundland, discovering a new gold zone. Highlights include a high-grade intercept of 31.7 g/t Au over 0.5 m and a wider 1.26 g/t Au over 17.1 m, with mineralization appearing open for expansion.
Reasoning: The announcement reports the first drill results from the Ricky target, featuring a high-grade narrow intercept and a wider mineralized zone, indicating a successful inaugural exploration program.
Positive factors
- Discovery of a new gold zone at the Ricky target
- High-grade intercept of 31.7 g/t Au over 0.5 m
- Significant width at 1.26 g/t Au over 17.1 m
- Mineralization appears open for expansion
Negative factors
- Apparent widths reported without true width disclosure
Facts used in scoring: 6
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The program is described as an inaugural exploration drill program testing a new target.
Evidence · text
“inaugural exploration drill program at its Long Lake property”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions systematic insertion of standards and blanks and uses ISO 17025 accredited labs.
Evidence · text
“systematic insertion of certified standard reference and blank materials into each sample batch”
Apparent Width Onlynegative
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.
Evidence · text
“Reported drill intercepts are not true widths”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is located 7 km from the Marathon Gold Valentine Lake deposits.
Evidence · text
“located approximately 7 km northwest of the monzonite unit hosting Marathon Gold's Valentine Lake deposits”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
RO-21-01Long Lake · goldGrade: 1.26Grade Unit: g/tIntercept: 17.1 mView all detailsHide details
Identity
- Hole ID
- RO-21-01
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 1.26
- Grade Unit
- g/t
- Intercept
- 17.1 m
- From
- 145.8 m
- To
- 162.9 m
- Intercept Depth
- 145.8 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-01:145.8-162.9
Location
- Location
- South Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A solid width intercept at moderate grade for an inaugural program.
Positive factors
- Significant width of 17.1m
Evidence · table
“1.26”
Context: 17.10
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
RO-21-01Long Lake · goldGrade: 3.68Grade Unit: g/tIntercept: 5.4 mView all detailsHide details
Identity
- Hole ID
- RO-21-01
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 3.68
- Grade Unit
- g/t
- Intercept
- 5.4 m
- From
- 146.6 m
- To
- 152 m
- Intercept Depth
- 146.6 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-01:146.6-152
Location
- Location
- South Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A high-grade narrow intercept within the South Zone.
Positive factors
- High grade for the target
Evidence · table
“3.68”
Context: 5.40
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
RO-21-02Long Lake · goldGrade: 0.55Grade Unit: g/tIntercept: 22.45 mView all detailsHide details
Identity
- Hole ID
- RO-21-02
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 0.55
- Grade Unit
- g/t
- Intercept
- 22.45 m
- From
- 73.55 m
- To
- 96 m
- Intercept Depth
- 73.55 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-02:73.55-96
Location
- Location
- North Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A wide but lower grade intercept defining a second zone.
Positive factors
- Wide intercept
Evidence · table
“0.55”
Context: 22.45
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
RO-21-02Long Lake · goldGrade: 1.25Grade Unit: g/tIntercept: 4.9 mView all detailsHide details
Identity
- Hole ID
- RO-21-02
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 1.25
- Grade Unit
- g/t
- Intercept
- 4.9 m
- From
- 79.5 m
- To
- 84.4 m
- Intercept Depth
- 79.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-02:79.5-84.4
Location
- Location
- North Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A higher grade sub-interval within the North Zone.
Positive factors
- Higher grade section within the zone
Evidence · table
“1.25”
Context: 4.90
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
RO-21-03Long Lake · goldGrade: 0.12Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- RO-21-03
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 0.12
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 96 m
- To
- 106 m
- Intercept Depth
- 96 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-03:96-106
Location
- Location
- North Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A low grade intercept.
Negative factors
- Low grade
Evidence · table
“0.12”
Context: 10.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
RO-21-04Long Lake · goldGrade: 31.7Grade Unit: g/tIntercept: 0.5 mView all detailsHide details
Identity
- Hole ID
- RO-21-04
- Project
- Long Lake
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- QRO
Geometry
- Grade
- 31.7
- Grade Unit
- g/t
- Intercept
- 0.5 m
- From
- 47.5 m
- To
- 48 m
- Intercept Depth
- 47.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RO-21-04:47.5-48
Location
- Location
- North Zone
- Loc. Source
- document
QA/QC
- Laboratory
- Actlabs and Eastern Analytical
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-18T00:00:00.000Z
Reasoning: A bonanza-style narrow intercept.
Positive factors
- Very high grade
Negative factors
- Very narrow width
Evidence · table
“31.70”
Context: 0.50
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
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.