Welcome to our dedicated page for Quadro Resources news (Ticker: QDROF), a resource for investors and traders seeking the latest updates and insights on Quadro Resources stock.
Quadro Resources Ltd. (QDROF) is a mineral exploration company advancing gold projects in Newfoundland's Cape Ray Fault system. This page aggregates official news and press releases related to their exploration activities, partnerships, and corporate developments.
Investors and industry observers will find timely updates on Quadro's key projects including the Staghorn and Long Lake properties, strategic agreements with partners like TRU Precious Metals Corp., and technical advancements in gold discovery. The curated news feed serves as a centralized resource for tracking exploration results, claim updates, and operational milestones.
Content includes announcements about drilling programs, geophysical survey outcomes, joint venture developments, and corporate governance matters. Users can expect factual reporting on gold-in-soil anomalies, trenching results, and progress toward earning agreements on optioned properties.
Bookmark this page to monitor Quadro's progress in Newfoundland's emerging gold districts. Check regularly for updates on exploration targets along the Cape Ray-Valentine Lake Shear Zone and corporate strategies in the junior mining sector.
Quadro Resources (OTC:QDROF) announced that TRU Precious Metals has completed its 51% earn-in at the Staghorn Property in Newfoundland and Labrador, with Quadro maintaining a 49% interest. TRU has opted not to proceed with the Additional Option under their June 2022 agreement.
The companies will now pursue a Joint Venture Agreement (JVA) to govern their respective rights and obligations for the property. Assay results from TRU's 2025 drill program are pending, which will help shape future exploration plans. Quadro is exploring funding options, including flow-through and hard-dollar financings, to support future exploration activities.
Quadro Resources (OTC:QDROF) announced that TRU Precious Metals has exercised its Initial Option on the Staghorn Property in Newfoundland and Labrador, acquiring a 51% undivided interest in the property. This development comes following the satisfaction of requirements outlined in Sections 3.1 and 3.2 of their June 15, 2022 Option Agreement.
TRU now has a 30-day window to decide on exercising the Additional Option, which would grant them an additional 14% interest in the property. Quadro's management expressed satisfaction with TRU's progress at Staghorn and anticipates the next phase of exploration and development.
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