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Quadro Resources Ltd. reports news on gold exploration properties in Newfoundland and Labrador and its public-company activity as a mineral exploration issuer. Recurring updates cover the Staghorn property along the Cape Ray Fault, where TRU Precious Metals holds a 51% interest and Quadro retains 49%, including drill results, gold-bearing mineralization, and joint venture arrangements.
Company news also covers Quadro's 100% owned Long Lake property, claim reinstatement matters before Newfoundland mineral authorities, exploration planning, property option agreements, and capital considerations tied to participation in future exploration work.
Quadro Resources (TSXV: QRO) has reported significant results from its 2025 diamond drilling program at the Staghorn property in Newfoundland and Labrador, conducted by TRU Precious Metals Corp. The program, consisting of four holes totaling 1,988m, successfully intersected gold-bearing mineralization in all holes.
Key findings include a broad mineralized sandstone unit discovered in holes GR 25-03 and GR 25-04, spanning a 500m strike length. Notable intersections include 1.0 g/t Au over 13.3m within a broader zone of 0.3 g/t Au over 65.3m in GR 25-03, and 1.0 g/t Au over 5.1m within 0.5 g/t Au over 18.2m in GR 25-04.
The drilling has extended the exploration potential 2,100m southwest of the Mark's Pond mineralization. Following these results, TRU has earned a 51% interest in the Staghorn property, with Quadro retaining 49% in the joint venture.
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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