Quadro Resources Ltd. is pleased to report on the results of the 2025 diamond drilling programme completed by TRU Precious Metals Corp. (“TRU”) on the Staghorn property, located along the Cape Ray Fault in Newfoundland and Labrador.
Significantly, a broad mineralised altered sandstone unit was intersected in two of the drill holes (GR 25-03 and GR 25-04) over a strike length of 500 m. GR 25-03 was collared 1600 m southwest of the previous drilling completed on the Mark’s Pond mineralisation and resulted in an intersection of 1.0 g/t Au over 13.3 m within a wider zone of 0.3 g/t Au over 65.3 m. The final hole of the programme (GR 25-04) was collared an additional 500 m to the southwest and intersected similar mineralisation with results of 1.0g/t Au over 5.1 m within a wider zone of 0.5 g/t Au over 18.2 m.
This latest drilling confirms the potential for gold mineralisation along this portion of the Cape Ray Fault Zone and has extended the exploration potential 2100 m southwest of the Mark’s Pond mineralisation. TRU has earned a 51% interest in the Staghorn property. Going forward the Staghorn property will be operated as a 49% Quadro / 51% TRU joint venture.
Wayne Reid, P. Geo., VP Exploration for Quadro, stated: “We are excited because this opens up a potential +2 kilometre corridor of gold mineralisation along the Cape Ray Fault Zone. The results of TRU’s drilling program, which intersected mineralisation in every hole and confirmed the presence of a broad, previously unknown mineralised sandstone unit, significantly expand the exploration potential well beyond the Mark’s Pond discovery. This positions our joint venture with TRU for meaningful growth as we continue to unlock the potential of the Staghorn property.”
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