Company Highlights
- Quadro is a Canadian-based mineral exploration company with a focus on gold exploration in Newfoundland.
- Newfoundland is experiencing a modern gold rush and Quadro is well positioned for discovery. Quadro has a strategic land package in the region located among established and up and coming gold projects. Drilling has been ongoing since 2020.
- Staghorn was recently optioned by TRU Precious Metals Corp.
- Exploration and drilling programs at Staghorn and Long Lake have continued to define gold mineralization associated with the Cape Ray Fault Zone. The programs to date helped outline Staghorn’s Marks Pond zone over 300 meters and succeeded in vectoring on areas of potential higher grade below the existing holes, while the Long Lake/Tulks South field work defined the Ricky Target as a 700 m long gold anomaly. The Careless Cove property is located in Northeastern Newfoundland, in proximity to New Found Gold’s Queensway project.
- Given that gold is Canada’s reported largest mineral commodity, there is a need for further exploration and acquisition for untapped sources.
Overview
With a rich history that dates to the 1800s, Canada’s Newfoundland province has one of the most extensive mining industries in the western world. In fact, Newfoundland’s Notre Dame Bay Area made Newfoundland the sixth largest copper producer in the world at one point. More recently, the Fraser Institute’s Annual Survey of Mining Companies listed Newfoundland in the top ten jurisdictions for investment in 2020. This success is not limited to just Newfoundland, as Canada is among the world’s top five global producers for several minerals, including gold, nickel, uranium, cadmium and cobalt.
What makes Newfoundland such an attractive place for mining? Firstly, mining is essential to the economies of Newfoundland and Labrador and the sector employs nearly 6,800 people and generates over $4.3 billion in gross value mineral shipments. Additionally, the government of Newfoundland and Labrador introduced Mining the Future 2030, a project outlining plans for the future of mining in the these regions of Canada. Through this project, the government of Newfoundland and Labrador aims to open new mines, while making mining more competitive by modernizing laws and by doubling annual exploration allowances for mining companies by 2030.
Today, top companies exploring opportunities in Newfoundland include Canstar Resources’ (TSXV: ROX) Golden Baie project in Southern Newfoundland as well as Marathon Gold’s (TSE: MOZ) Valentine Lake Deposits in Central Newfoundland. In addition, there are Matador Mining’s (ASX: MZZ) Cape Ray Deposits, Labrador Gold’s (TSXV: LAB) Kingsway project, and New Found Gold’s (TSXV: NFG.V) Queensway project.
Quadro Resources (TSXV: QRO) is a publicly traded Canadian-based mineral exploration company exploring and developing its gold projects in central and northern Newfoundland. Bolstered by a management team with extensive history and success in mining operations as well as proximity to areas with high mineral prospects, Quadro is in an excellent position to capitalize on Canadian gold and reward investors.
Quadro currently has four exploration stage properties, all located in Newfoundland and close to early- and advanced-stage exploration projects run by established companies. Quadro’s Staghorn (recently optioned by TRU Precious Metals Corp.) and Long Lake properties are located along the auriferous Cape Ray Fault Zone, an underexplored region of Canada that also hosts Marathon Gold’s Valentine Lake Deposits. Quadro also has an option to acquire an initial 51 percent interest in the Tulks South property, adjacent to the Long Lake property. Quadro has an option to acquire a 100 percent interest in the Careless Cove/Yellow Fox properties (the Careless Cove project), adjacent to New Found Gold’s Queensway project.
There are several reasons why Quadro is a potentially attractive option for investors. Not only is the company capable of benefiting from Mining the Future 2030 and has a highly experienced management team, but its projects are in an area known for gold mineralization. Furthermore, there are several nearby established competitors that have achieved positive test results and/or plan to advance their mining operations.
Company Highlights
- Quadro is a Canadian-based mineral exploration company with a focus on gold exploration in Newfoundland.
- Newfoundland is experiencing a modern gold rush and Quadro is well positioned for discovery. Quadro has a strategic land package in the region located among established and up and coming gold projects. Drilling has been ongoing since 2020.
- Staghorn was recently optioned by TRU Precious Metals Corp.
- Exploration and drilling programs at Staghorn and Long Lake have continued to define gold mineralization associated with the Cape Ray Fault Zone. The programs to date helped outline Staghorn’s Marks Pond zone over 300 meters and succeeded in vectoring on areas of potential higher grade below the existing holes, while the Long Lake/Tulks South field work defined the Ricky Target as a 700 m long gold anomaly. The Careless Cove property is located in Northeastern Newfoundland, in proximity to New Found Gold’s Queensway project.
- Given that gold is Canada’s reported largest mineral commodity, there is a need for further exploration and acquisition for untapped sources.
Get access to more exclusive Gold Investing Stock profiles here