Quadro Resources Ltd. reported results from its fall drill program, completed in November, on the Staghorn Gold Property located in southwestern Newfoundland. A total of 1,696 meters was completed in thirteen holes. The drilling tested two of four soil anomalies in the Marks Pond area and attempted to expand on the Ryan's Hammer mineralization previously tested in 2018. There has been no previous drilling carried out on the Marks Pond targets. The highlight of the program was the discovery of a new gold zone at Mark's Pond where hole MP20-02 intersected 10.1 g/t over 1.0m within a wider interval of 3.22 g/t Au over 5.0 m. These results define a new discovery of gold mineralization along the Cape Ray fault system. The initial intersections exhibit good width and grade potential and the target remains completely open in all directions. The geological setting and mineralization at Marks Pond is similar to that which hosts Marathon Gold's Valentine Lake Deposits. Marathon's mineralization is described as a series of Quartz Tourmaline Pyrite veins occurring within the Valentine Lake intrusive, proximal to the Valentine Lake Shear Zone which juxtaposes the Intrusive Complex against the Silurian Rogerson Lake conglomerate. (Marathon Gold's website). The gold intersections at Marks Pond are characterized as a series of quart veins and pyrite mineralization within a strongly altered intrusive, within the Cape ray structure. Fine tourmaline has also been recognized in some of the veining. The initial three holes in the program (MP20-01, 02 and 03) were targeted on soil anomaly ‘B’ with the first hole collaring in the zone at 5.5 meters. Three later holes (MP20-08, 09 and 10 were drilled to the southwest of the Marks Pond zone in an area of low soil values. Four holes (MP20-04, 05, 06 and 07 were drilled to test soil anomaly ‘D’ located 800 meters to the northeast of the Marks Pond zone. Hole MP20-04 intersected 5.05g/t over 1.0m however the core was extremely broken resulting in significant core loss in the mineralized zone. It is anticipated that the use of controlled drilling using a split core tube could significantly improve the core recovery and future drilling will incorporate these technologies. Another three holes (RH20-01, 02 and 03) were drilled in the Ryan's Hammer area, where the source of high-grade gold-in-float found in the area remains unsolved. Two of these never reached bedrock and were lost after penetrating over 60 meters of overburden. Follow-up drilling is planned for a February, 2021 start and will concentrate on the Marks Pond area. Winter conditions will allow for easier access to do step out drilling on the new zone and allow for testing of the other soil anomalies in the area.