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Quadro Resources Ltd.
Summary
| Project: | Staghorn | |
|---|---|---|
| Deposit: | Staghorn | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-12-2017: Quadro Resources Ltd. announces a Supporting Acquisition report for its Staghorn deposit at the Staghorn project. Technical report of the property. This National Instrument Form 43-101 Technical Report was prepared, at the request of Benton Re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy D. L. Froude (Not stated) | |
| ABSTRACT: | This National Instrument Form 43-101 Technical Report was prepared, at the request of Benton Resources Inc. (Benton), and Metals Creek Resources Corp. (Metals Creek) on behalf of Quadro Resources Ltd., to facilitate a transaction whereby Benton and Metals Creek propose to dissolve their current 50/50 Staghorn Option Agreement in favour of optioning the Staghorn Property to NEX listed Quadro Resources Ltd. pursuant to a binding letter of intent (“LOI”). . The parties wish to have Quadro Resources advance to the TSX Venture exchange following a roll back of Quadro Resources stock on a 1 new for 2 old shares basis. The author has reviewed the proposed terms of arrangement with Quadro Resources Ltd. Pursuant to the LOI, and subject to TSX Venture Exchange approval and completion of due diligence investigations, to the satisfaction of both Benton Resources Inc. and Metals Creek Resources Corp., closing of the transaction is partially conditional upon completion of a National Instrument 43-101 Technical Report on the Staghorn Property. Benton Resources Inc. is a Tier One reporting issuer listed on the TSX Venture Exchange under the ticker symbol BEX. The company is headquartered in Thunder Bay, Ontario. The company is focused on the identification and development of viable mineral deposits, mainly precious metal deposits, in Ontario and Newfoundland & Labrador, Canada. The business model adopted by the company is to identify and acquire prospective properties, and commit sufficient exploration funds to attract a funding partner to further advance the company’s projects. | |
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