(Mineralization hosted on these established operations is not necessarily indicative or representative of the mineralization that may be hosted on the Company's property.) Other hot spots along this corridor include Matador Mining's Cape Ray deposits and Sokoman Minerals' Moosehead project where an on-going drill program has produced intersections up to 44.96 g/t Au over 11.9 m (Sokoman Minerals' news release dated Oct 1, 2018). East, Suite 501, Toronto, ON, M5C 1C3 Prepared by: Ausenco Engineering Canada). 43-101 TECHNICAL REPORT & PRE-FEASIBILITY STUDY ON THE VALENTINE GOLD PROJECT Newfoundland and Labrador, Canada Report date: ApEffective date: ApPrepared for: Marathon Gold Corporation 10 King St. Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au).
( Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.9 Moz (31.7 Mt at 1.86 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.19 Moz (23.2 Mt at 1.60 g/t).
Both Staghorn and Long Lake properties are located within the auriferous "Cape Ray Fault Corridor", proximal to Marathon Gold's Valentine Lake deposits. Field surveys and drilling will commence in late spring at the Long Lake project where soil sampling and prospecting has defined a 700 m long gold target highlighted by a strong Au-in-soil anomaly and a number of float samples with values up to 33.65 g/t Au (see Quadro press releases dated and for more details). Initially, drilling will follow up on recent drill results at the Staghorn project included 3.22 g/t Au over 5.0 m from the newly discovered Marks Pond Zone. These programs will be spread out over the initial eight months of 2021 with a contingency for follow-up of positive results. A total of 4,000 meters is slated for follow-up and step-out drilling at Staghorn and first-ever drill testing at Long Lake and Glenwood. Survey work including soils, magnetics, geology and possibly IP surveying will be carried out. Exploration program details and results for each will be released separately. ( TSXV: QRO ) ( OTCQB: QDROF ) ( FSE: G4O2 ) ("Quadro" or the "Company") is pleased to announce exploration and drill programs for 2021 at its three 100% owned properties in Newfoundland: Staghorn, Long Lake, and Glenwood (Yellow Fox/Careless Cove).Ī multi-phase and multi-project field program is planned for each of the Newfoundland properties. February 10, 2021) - Quadro Resources Ltd. Vancouver, British Columbia-(Newsfile Corp.
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