Questcorp Mining (CSE:QQQ) has begun a phase-one work program to finalise target locations and drill pads for an upcoming drilling program at the La Union Project in Mexico.
The field activities currently underway include the establishment of five to six 1km picket lines for induced polarisation (IP) surveying, sampling of limestone and dolomite host rocks, geological mapping, and rock and soil sampling to identify additional targets.
As Mining.com.au previously reported in early May, Questcorp entered into a definitive option agreement with Riverside Resources (TSX-V:RRI) to acquire the La Union Project.
The company will pay C$100,000 ($112,011), issue shares equal to 19.9% of Questcorp, as well as incur C$5.5 million in expenditure.
CEO Saf Dhillon says the company is focusing on de-risking the upcoming 1,500m drilling program which is scheduled to begin in mid to late Q3 2025.
“Under the technical expertise of John-Mark Staude and the Riverside team, we are confident we are maximising every exploration dollar being invested at La Union,” Dhillon says.
Riverside Resources CEO John-Mark Staude says the work program is going well.
“I have been in the field this past week with the exploration team and pleased to see the safe, high-quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway,” he says.
The La Union Project is a carbonate replacement deposit covering 2,520 hectares in Sonora, Mexico. The company says the project’s targets demonstrate “intriguing” potential for large gold discoveries potentially above an even larger porphyry copper district potential as Questcorp’s target concept at this time.
Questcorp Mining is focused on acquiring and discovering mineral properties in North America with the aim of developing economic precious metal and base metal projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Questcorp Mining
