Quadro Intersects 20.37 g/t Au over 0.5 m and 3.89 g/t Au over 2.5 m in Undercut Drill Holes at Staghorn Gold Project in the Central Newfoundland Gold Belt

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 20:04:39 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Quadro Resources completed a winter drill program at the Staghorn Gold Project, successfully extending the Marks Pond Zone by 300m to the northeast. Notable intercepts include 20.37 g/t Au over 0.5m in hole MP21-18 and 3.89 g/t Au over 2.5m in hole MP21-20.

Reasoning: The drill program successfully extended the Marks Pond zone by 300m and intersected high-grade gold via undercutting, demonstrating successful exploration vectoring.

Positive factors

  • High-grade gold intercepts (20.37 g/t Au)
  • Successful step-out drilling extending mineralization 300m
  • Successful vectoring into higher grade zones via undercutting
  • QA/QC protocols and ISO 17025 lab accreditation disclosed

Negative factors

  • All widths are drill intervals (apparent widths), not true widths

Facts used in scoring: 13

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 20.37 g/t Au is exceptionally high for an exploration target.

Evidence · text

“MP21-18 intersected 20.37 g/t Au over 0.5m”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling extended the Marks Pond Zone 300 meters to the northeast.

Evidence · text

“The drilling was successful in extending the Marks Pond Zone 300 meters to the northeast.”

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 ISO 17025 accreditation.

Evidence · text

“Quadro maintains strict quality assurance/quality control protocols including the systematic insertion of certified standard reference and blank materials”

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 all widths are drill intervals and not true widths.

Evidence · text

“Note - All widths quoted are drill intervals and not true widths”

Nearology Playneutral

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

Why it applies: Project is located within the Cape Ray Fault Corridor near Marathon Gold's Valentine Lake deposits.

Evidence · text

“The Staghorn claims are located within the auriferous "Cape Ray Fault Corridor", 30 km southwest of Marathon Gold's Valentine Lake deposits.”

Extracted facts

Stored fact records: 13. Some facts used in scoring do not have a stored record.

Drill Results (13)

MP21-11Staghorn · goldGrade: 1.5Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
MP21-11
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
1.5 m
From
59.5 m
To
62 m
Intercept Depth
59.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-11:59.5-62

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Routine intercept.

Evidence · table

“1.50”

Context: 1.5

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

MP22-12Staghorn · goldGrade: 2.42Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
MP22-12
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
2.42
Grade Unit
g/t
Intercept
3 m
From
48 m
To
51 m
Intercept Depth
48 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP22-12:48-51

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“2.42”

Context: 3.0

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

MP21-13Staghorn · goldGrade: 0.54Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
MP21-13
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
0.54
Grade Unit
g/t
Intercept
8 m
From
65 m
To
73 m
Intercept Depth
65 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-13:65-73

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Low grade intercept.

Evidence · table

“0.54”

Context: 8.0

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

MP21-14Staghorn · goldGrade: 1.15Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
MP21-14
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
1.15
Grade Unit
g/t
Intercept
1.5 m
From
80 m
To
81.5 m
Intercept Depth
80 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-14:80-81.5

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Routine intercept.

Evidence · table

“1.15”

Context: 1.5

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

MP21-15Staghorn · goldGrade: 2.32Grade Unit: g/tIntercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
MP21-15
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
2.32
Grade Unit
g/t
Intercept
1.55 m
From
93 m
To
94.55 m
Intercept Depth
93 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-15:93-94.55

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“2.32”

Context: 1.55

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

MP21-16Staghorn · goldGrade: 2.41Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
MP21-16
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
2.41
Grade Unit
g/t
Intercept
2 m
From
6 m
To
8 m
Intercept Depth
6 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-16:6-8

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Moderate grade intercept.

Evidence · table

“2.41”

Context: 2.0

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

MP21-17Staghorn · goldGrade: 1.13Grade Unit: g/tIntercept: 6.53 mView all details
Link to this fact

Identity

Hole ID
MP21-17
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
1.13
Grade Unit
g/t
Intercept
6.53 m
From
59.47 m
To
66 m
Intercept Depth
59.47 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-17:59.47-66

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Routine intercept.

Evidence · table

“1.13”

Context: 6.53

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

MP21-17Staghorn · goldGrade: 4.57Grade Unit: g/tIntercept: 1.53 mView all details
Link to this fact

Identity

Hole ID
MP21-17
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
4.57
Grade Unit
g/t
Intercept
1.53 m
From
59.47 m
To
61 m
Intercept Depth
59.47 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-17:59.47-61

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Higher grade sub-interval.

Evidence · table

“4.57”

Context: 1.53

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

MP20-18Staghorn · goldGrade: 0.53Grade Unit: g/tIntercept: 23.85 mView all details
Link to this fact

Identity

Hole ID
MP20-18
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
0.53
Grade Unit
g/t
Intercept
23.85 m
From
79.65 m
To
103.3 m
Intercept Depth
79.65 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP20-18:79.65-103.3

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Wide, low-grade intercept.

Evidence · table

“0.53”

Context: 23.85

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

MP20-18Staghorn · goldGrade: 20.37Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
MP20-18
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
20.37
Grade Unit
g/t
Intercept
0.5 m
From
82 m
To
82.5 m
Intercept Depth
82 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP20-18:82-82.5

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Bonanza grade intercept.

Positive factors

  • High-grade intercept

Evidence · table

“20.37”

Context: 0.5

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

MP21-19Staghorn · goldGrade: 1.46Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
MP21-19
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
1.46
Grade Unit
g/t
Intercept
3 m
From
77 m
To
80 m
Intercept Depth
77 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-19:77-80

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Routine intercept.

Evidence · table

“1.46”

Context: 3.0

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

MP21-20Staghorn · goldGrade: 1.23Grade Unit: g/tIntercept: 15 mView all details
Link to this fact

Identity

Hole ID
MP21-20
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
1.23
Grade Unit
g/t
Intercept
15 m
From
109 m
To
124 m
Intercept Depth
109 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-20:109-124

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Wide, moderate-grade intercept.

Evidence · table

“1.23”

Context: 15.0

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

MP21-20Staghorn · goldGrade: 3.89Grade Unit: g/tIntercept: 2.5 mView all details
Link to this fact

Identity

Hole ID
MP21-20
Project
Staghorn
Commodity
gold
Region
canada_nl
Reported Region
canada_nl
Ticker
QRO

Geometry

Grade
3.89
Grade Unit
g/t
Intercept
2.5 m
From
114 m
To
116.5 m
Intercept Depth
114 m

Classification

Program
exploration
Sample Type
drill
Group ID
MP21-20:114-116.5

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2021-05-25T00:00:00.000Z

Reasoning: Strong grade sub-interval.

Evidence · table

“3.89”

Context: 2.5

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.