Quadro has an option to earn a 100% interest in the 192 claims unit property located proximal to Marathon Gold’s Valentine Lake deposits. The property is located along the northwest boundary of the Marathon Gold project within an under-explored belt of mineralized volcano-sedimentary and intrusive rocks. Highlights from the property includes two areas of strong gold in soil and tills which have never been followed up. The property provides an opportunity for new gold discoveries in the emerging Cape Ray Gold district and is complimentary to Quadro’s Staghorn claims located 35 km southeast of the newly acquire claims. (See attached compilation/claim sketch).
Previous work on the property dates back to 2005 when soil sampling outlined a number of gold anomalies. The historic geochemical survey was part of an on-going volcanogenic massive sulphide (base metal) program which kept the ground tied up until recently. No follow-up was carried out during that time and the area came open for staking in early 2019. The claims were staked by the underlying vendors, who took two till samples in the area of the higher gold-in soil anomaly. The samples were processed by Overburden Drilling Management Limited (ODM) with results as follows:
||Visible GoldTotal Grains
||Pristine Gold Grains Total Number
||Calculated Gold Grade In Heavy Mineral Conc.
The recovered gold grains consist of mostly silt-sized pristine and modified grains which suggest that the samples were collected in close proximity to the source mineralization. An exploration program consisting of prospecting, geochemistry and excavator trenching is planned once field conditions allow and permitting is approved.
The Company has not verified the above results as the soil results are historic in nature and the till sampling was completed prior to Quadro’s involvement. The till sample analytical results and comments were provided by Overburden Drilling Management Limited reports dated Nov. 4, 2019 and Nov. 6, 2019.
Gold Grain Results in Till Samples LL-01-2019 and LL-02-2019 1945, Long Lake Project, Newfoundland (ODM, November 6, 2019)