Quadro Resources Ltd. announced high grade gold results from recent work completed by TRU Precious Metals Corp. ("TRU") on TRU's recently optioned Staghorn property in Central Newfoundland. This work was completed within the Staghorn option along the Mark's Pond Shear zone and within the Rich House Mineral occurrence further to the Northeast. This zone was first identified in 2018 by Quadro technical staff during the execution of a short trenching program. Follow up work including diamond drilling was then able to confirm the presence of a broad, extensive shear zone with multiple parallel high strain gold bearing structures which remains open to the North and along strike to the Northeast and the Southwest. Quadro is pleased that ongoing cooperation between TRU and Quadro's technical staff was successful in delineating additional parallel gold bearing trends within the Mark's Pond zone. Visible gold is evident in outcrop and in bedrock grab samples collected from a recently extended trench at Mark's Pond. The grab samples were taken from a sheared volcaniclastic and graphitic unit containing a significant number of quartz-carbonate veins. Mapping and channel sampling within the trench have confirmed the presence of visible coarse- and fine-grained gold both within these quartz-carbonate veins and the surrounding wall rock along a newly discovered shear zone approximately 130 m northwest of the Mark's Pond Gold Zone. Three bedrock grab samples collected from newly exposed outcrop in the Mark's Pond trench have returned very high-grade gold assay results from total pulp metallics analysis (metallic screening) including weighted average total Au values of 1,929 g/t Au, 205.6 g/t Au, and 180.1 g/t Au.
Four bedrock grab samples collected at the Rich House target along the northern shore of Victoria Lake returned weighted average total Au values between 4.3 and 16.8 g/t Au from metallic screening analysis. A series of channel samples have been collected in the recently excavated 275 m long trench at Mark's Pond including a 23 m long easterly extension at the southern end of the trench along strike of the gold bearing volcaniclastic and graphitic shear zone. Those assay results are pending from the laboratory.