# Quadro Drills 3.68 g/t Gold over 5.4 Meters in First Hole at the Ricky Target, Long Lake Property, Newfoundland Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590 Original source: https://money.tmx.com/en/quote/QRO/news/6887267659600094/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo Publisher: tmx Original announcement: 2021-11-18T17:13:00.000Z 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 19:25:24 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Discovery of a new gold zone at the Ricky target - Positive factor: High-grade intercept of 31.7 g/t Au over 0.5 m - Positive factor: Significant width at 1.26 g/t Au over 17.1 m - Positive factor: Mineralization appears open for expansion - Negative factor: Apparent widths reported without true width disclosure Facts used in scoring: 6 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Play** Polarity: neutral Definition: 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-21-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-0) Long Lake · gold #### 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 factor: Significant width of 17.1m Evidence · table > 1.26 Context: 17.10 #### Tags used in scoring **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: qaqc\_disclosed is 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 ### RO-21-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-1) Long Lake · gold #### 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 factor: High grade for the target Evidence · table > 3.68 Context: 5.40 #### Tags used in scoring **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: qaqc\_disclosed is 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 ### RO-21-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-2) Long Lake · gold #### 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 factor: Wide intercept Evidence · table > 0.55 Context: 22.45 #### Tags used in scoring **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: qaqc\_disclosed is 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 ### RO-21-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-3) Long Lake · gold #### 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 factor: Higher grade section within the zone Evidence · table > 1.25 Context: 4.90 #### Tags used in scoring **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: qaqc\_disclosed is 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 ### RO-21-03 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-4) Long Lake · gold #### 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 factor: Low grade Evidence · table > 0.12 Context: 10.0 #### Tags used in scoring **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: qaqc\_disclosed is 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 ### RO-21-04 [Link to this fact](https://atlas-extractions.minestarters.com/news/quadro-drills-3-68-g-t-gold-over-5-4-meters-in-first-hole-at-the-ricky-target-lo--f11f9119-dfeb-49a6-afda-998434c8c590#fact-drill-facts-5) Long Lake · gold #### 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 factor: Very high grade - Negative factor: Very narrow width Evidence · table > 31.70 Context: 0.50 #### Tags used in scoring **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: qaqc\_disclosed is 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 ## 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.