- A soil sampling and prospecting survey is now underway at Quadro Resources’ (QRO) Careless Cove property
- The property is located southwest of Glenwood in Newfoundland
- The property consists of two claim groups located two kilometres apart
- Previous prospecting by Metals Creek in 2020 located two areas of gold mineralization
- Quadro Resources is unchanged on the day, with shares of the company trading at C$0.065 at 2:02 pm ET
A soil sampling and prospecting survey is now underway at Quadro Resources’ (QRO) Careless Cove property.
The property is located southwest of Glenwood in Newfoundland.
The property consists of two claim groups located two kilometres apart.
Quadro acquired an option to earn a 100 per cent interest in the claim licenses from Metals Creek Resources Corp.
Metals Creek initially staked the claim licenses to cover two areas of previously known gold occurrences.
Previous prospecting by Metals Creek in 2020 located two areas of gold mineralization.
The property is located within the Central Newfoundland Gold Belt, eleven kilometres southwest of New Found Gold’s Keats Zone where drilling is defining a very high grade mineralized zone.
Quadro’s claim licenses are partially surrounded by NFG’s Queensway Project and are immediately west of the south-southwest striking Appleton Fault Zone corridor, which hosts the Keats Zone mineralization.
Quadro Resources is a publicly traded mineral exploration company. It is focused on exploring for gold in North America.
Quadro Resources is unchanged on the day, with shares of the company trading at C$0.065 at 2:02 pm ET.
