Staghorn

The 100% owned Staghorn property consists of 405 claim units (101 sq. km) covering a thirty kilometer strike length of the gold rich Cape Ray Fault. This structure hosts a number of significant gold deposits including Marathon Gold’s Valentine Lake deposit (indicated and measured resources of 2,130,000 oz Au and inferred resources of 1,100,000 oz Au), located 30 kilometers to the northeast of Staghorn.

Initial work by Quadro in late 2017 consisted of a 1466 m drill program, targeted on the Woods Lake Zone area in the central core of the claims. The results of this program (see QRO’s press release dated Jan 31, 2018) were encouraging and confirmed the gold zone to be a wide strongly altered felsic porphyry with variable quartz veining and pyrite/arsenopyrte mineralization.

The Woods Lake style of alteration and gold mineralization is typical of mineralized systems along the Cape Ray Fault however much of the faults strike length on Staghorn is overburden covered and requires a program of trenching/drilling to test the targets. Quadro’s phase two exploration program will focus on newly discovered gold mineralization with the overall goal of vectoring onto a new area of significant mineralization. A combination of field surveys, trenching and drilling is planned with an initial program of soil sampling in progress. The on-going exploration will concentrate on the northeast section of the property towards Marathon’s Valentine Lake deposits. Work is scheduled on a number of untested gold targets, many of them exhibiting high grade potential. (See QRO’s press release dated Aug 21, 2017 for brief descriptions of the quoted results). These targets include:

  • Ryan’s Hammer - Consisting of a number of angular mineralized float up to 32.15 g/t Au. Limited drilling tested this area in 2016 however the drilling failed to penetrate a thick wedge of overburden cover. The 2018 drilling will focus on an 800 m long gold-in-soil/gold-in-grab sample anomaly which appears to have a thinner overburden cover.
  • Richhouse Zone - grab samples up to 189 g/t Au. Additional mapping and sampling is planned to better define this zones’ potential prior to drilling.
  • Rose Option - a number of grab samples from both bedrock and float assayed up to 18.86 g/t Au and 1.5% Cu. There has been no work in this area as the ground was only recently optioned. A program of geochemistry, prospecting and trenching is planned prior to drilling. Tentatively, 2 holes are planned to test the Rose mineralization.
  • Hilltop Zone - This showing is located 1.3 km northeast of the Woods Lake Zone drilling. Values up to 7.66 g/t Au were obtained from prospect samples and strong gold-in-soil anomalies define a northeast trend proximal to the showing. A total of 4 holes is planned in this area and further northeast along the interpreted Cape Ray trend.

These targets emphasize the gold potential of the Staghorn property, but it should be emphasized that there are a number of other gold targets which may be advanced. The 30 km of strike length of the Cape Ray gold system, covered by the Quadro claims have seen limited prospecting and geochemical sampling. The Woods Lake zone and gold targets outlined above are the results of this previous work. Definition of these and other targets is continuing and detailed geochemical sampling and geology compilation is in progress.

These field programs will be completed in 2018 and will be followed by a trenching and drilling program. A 1500 m drill program is scheduled subsequent to completing the trenching program.

Quadro is encouraged by the first set of data from the earlier drilling at Staghorn and looks forward to the next months as it tests the high grade targets. Quadro is well financed to continue exploration at the Staghorn property.

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