Questcorp Mining (CSE:QQQ) has begun a drilling program at the La Union Project in Mexico, seeking to expand zones of mineralisation, test new targets, and explore areas surrounding historical mine workings.
The program consists of six holes for 1,500m of diamond drilling and will test the carbonate-hosted replacement deposit style of mineralisation, with gold associated with mantos, chimneys, as well as along structural zones.
CEO Saf Dhillon says the La Union Project has had work conducted on it for decades, including the production of 50,000 ounces of gold, yet it has never been drilled until now.
Questcorp is targeting four main areas within La Union, which will consist of one to three holes in each area. The targets include Union Main Mine, North Union Mine, Cobre Mine, and Central Union.
A follow-up program is planned and can be expanded, dependent on the initial results returned from the current drill program.
Earlier this year, Questcorp entered into a definitive option agreement with Riverside Resources’ (TSX-V:RRI) subsidiary RRM Exploracion to acquire the La Union Project, as Mining.com.au reported.
As part of the deal, Questcorp issued shares to Riverside and is funding an initial C$1 million ($1.11 million) in exploration expenditure. This drilling program marks the first of a larger C$5.5 million work commitment.
The La Union Project, covering 25km2, is a carbonate-replacement deposit located in northwest Sonora, Mexico.
Questcorp Mining is a precious and base metals-focused explorer that discovers, acquires, and develops assets located in North America.
Write to Aaliyah Rogan at Mining.com.au
Images: Questcorp Mining
