The Toronto Venture Exchange (TSX-V) has approved a transaction in which Quadro Resources obtained an option to acquire a 70% interest in the platinum-palladium prospective Seagull Lake property from fellow-listed White Metal Resources. The project, which covers 7 539 ha, is located about 50 km south of Impala Canada’s Lac des Iles mine, previously North American Palladium, and is about 28 km north of the copper, nickel, and platinum group element discoveries of Rio Tinto and Panoramic Resources.