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The latest announcement is out from Quadro Resources ( (TSE:QRO) ).
Quadro Resources Ltd. has announced that its earn-in partner, TRU Precious Metals Corp., has begun a diamond drilling program on the Staghorn claims, part of the Golden Rose Project in Central Newfoundland. This initiative aims to explore the potential of the gold-rich Cape Ray-Valentine Lake Shear Zone, a strategic area known for significant gold deposits. Additionally, Quadro has issued 2,175,000 new stock options to its directors, management, and consultants, which are exercisable at $0.07 per share and will expire in 2030. The progress in the Staghorn project and the issuance of stock options are expected to enhance Quadro’s operations and strengthen its position in the mineral exploration industry.
More about Quadro Resources
Quadro Resources Ltd. is a publicly traded mineral exploration company focused on advancing gold exploration projects across North America. It is listed on the TSX Venture Exchange under the ticker symbol ‘QRO’ and holds a 100% ownership interest in the Staghorn property, which is optioned to TRU Precious Metals Corp., as well as fully owning the Long Lake property.
Average Trading Volume: 107,381
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$855.3K
For an in-depth examination of QRO stock, go to TipRanks’ Stock Analysis page.