- Preliminary drill program is designed to broaden identified zones of mineralization, check new targets, and discover areas surrounding a number of historic mine workings inside the 25 km² undertaking space.
- Drill program will encompass + 1,500m of diamond core drilling throughout six holes, every averaging 250m in depth.
- Drilling to check the carbonate-hosted alternative deposit (CRD) model of mineralization, with gold related to mantos, chimneys, and alongside structural zones.
- Angled drill holes are aimed toward chopping perpendicular to stratigraphic targets and a few structural targets which is typical in CRD methods
- Structural options could have served as mineralizing conduits and are key targets within the present drill program.
The current exploration work over the previous three months by Riverside has improved the understanding of the structural geology and stratigraphy within the Sierra El Viejo, the mountain vary instantly to the west of La Union Mission. The La Union district lies alongside the flanks of this vary, the place these up to date interpretations assist information present exploration efforts. The exploration goal focus is for a big potential gold discovery that expands from earlier smaller scale mine operations on the property. The drill program will start to check the brand new ideas and broaden previous earlier mining.
Saf Dhillon, President & CEO states, “Questcorp is proud to be working with John-Mark and his entire workforce at Riverside in what’s a historic second within the growth of this property. The La Union Mission has had work performed on it for many years, together with the manufacturing of fifty,000 ounces of gold itself however, it has by no means had a drill bit pierce the bottom till now!”
Earlier this 12 months, Questcorp entered right into a definitive choice settlement with Riverside’s wholly owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. to amass a 100% curiosity within the La Union Mission. As a part of the settlement, Questcorp issued shares to Riverside, making Riverside a shareholder and aligning each events’ pursuits within the Mission’s success. With funding supplied by Questcorp, an preliminary C$1,000,000 exploration program is now underway. This marks the primary section of a bigger, C$5,500,000 work dedication, contingent on exploration outcomes and Questcorp’s continued participation.
The Drill Program Targets embody greater than 4 completely different areas, starting with this early-stage stratigraphic and orientation section of drilling exploration aimed toward evaluating the dimensions of alteration and indications of a mineralized system. This would be the first drilling ever performed on a lot of the targets, regardless of previous mining having occurred within the majority of those areas. The preliminary program will consist of 1 to a few holes per space, primarily for orientation functions. Observe-up drilling is deliberate and could be expanded based mostly on preliminary outcomes, which can assist confirm the stratigraphy, lithologies, and structural options permitting for improved modeling and next-stage discovery focusing on. The 4 areas are listed beneath:
- Union Fundamental Mine Space – This system will use angled drill holes to check limestone and different carbonate stratigraphic hosts inside the Clemente Formation, with the potential to succeed in the underlying Caborca Formation. These items are thought of the first hosts for replacement-style mineralization.
- North Union Mine Space – The preliminary focus of this system will likely be on testing structural interpretations. Extra drilling is anticipated following this primary section, as outcomes will assist information future drill testing of areas with previous mining exercise and numerous structural orientations.
- Cobre Mine Space – The Clemente Formation is the first host unit, and structural options mixed with areas of previous mining present a number of goal zones. Drilling will start with an preliminary stratigraphic check gap to assist orient across the thickness of the host unit and prolong into the decrease Caborca Formation, which can also be a good host for CRD-style mineralization.
- Central Union Space – Structural targets, as attainable mineralization feeder zones, are a key focus on this previous mining manto space. There are intensive extra goal zones within the space, and this preliminary orientation drilling will present vectoring for the subsequent stage of drilling and additional research of the Clemente Formation, and probably into the Caborca Formation as presently interpreted.
Normal Overview of La Union Mission
The Mission is summarized in a just lately printed NI 43-101 Technical Report accessible beneath Questcorp’s SEDAR+ profile (www.sedarplus.ca). Riverside initially acquired the Mission and subsequently consolidated extra inlier mineral claims, constructing a powerful land place. Riverside then superior the Mission by means of floor entry agreements and drill allowing, making it a turn-key exploration alternative for Questcorp.
The Mission was initially recognized by means of Riverside’s exploration work within the western Sonora Gold Belt, performed in collaboration with AngloGold Ashanti Restricted, Centerra Gold Inc., and Hochschild Mining Plc. Earlier analysis by Riverside Founder John-Mark Staude additionally contributed to recognizing the district’s potential. Preliminary work by members of the Riverside workforce, drawing on greater than 20 years of geological compilation and evaluation, additional confirmed the area as extremely potential.
On the Mission, historic mining by the Penoles Mining Firm focused chimney and manto-style alternative our bodies inside the higher oxide zones. In consequence, the underlying sulfide zones characterize instant and compelling drill targets for additional exploration.
The Mission options favorable limestone host rocks, an intensive alteration footprint, and a number of small-scale historic workings, with mineralization types much like these on the Hermosa Mission in southern Arizona. At Hermosa, South32 is advancing mine growth following its acquisition of the undertaking from Arizona Mining. On 15 February 2024, South32’s board permitted a US $2.16 billion capital funding to develop the Taylor zinc-lead-silver deposit, representing the most important non-public mining funding in Southern Arizona’s historical past. The undertaking is now thought of one of the vital important undeveloped base-metal property in the US.
On the La Union Mission, instant drill targets supply the potential for significant-scale discoveries. La Union is nicely positioned for near-term exploration success, with targets that embody each oxide and deeper sulfide mineralization.
Determine 1. Geologic map with the tenure of the Union inside concession proven in pink. Manto and chimney kind CRD targets are proven as crimson polygons. All mineral tenures on this map comprise the La Union undertaking. The drill program will give attention to the Union Mine and areas north of the Union Mine with the preliminary drill work.
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Determine 2. Cross part wanting west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump supplies from the 2 mine areas are labeled in black. Purple areas are interpreted as manto and chimney goal our bodies that are actually nicely outlined and drill prepared. Assays proven on figures 1 and a couple of have been beforehand launched and disclosed as summarized beneath the geochemical QA/QC and in printed NI 43-101 Report that Questcorp printed 2025 on Sedar+.
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https://photographs.newsfilecorp.com/information/10197/261433_a2ed3d4fb471dade_002full.jpg
The La Union Mission
The La Union Mission is a carbonate alternative deposit (“CRD”) undertaking hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting options high-angle regular faults and low-to-medium-angle thrust faults that generally served as mineralization conduits. Mineralization happens as polymetallic veins, alternative zones (mantos, chimneys), and shear zones with high-grade steel content material, as proven in spotlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, together with important hematite and manganese oxides, in line with a CRD mannequin (see the technical report entitled “NI 43-101 Technical Report on the Union Mission, State of Sonora, Mexico” dated efficient Could 6, 2025 accessible beneath Questcorp’s SEDAR+ profile). These targets additionally reveal intriguing potential for giant gold discoveries probably above a good bigger porphyry Cu district potential because the Firm’s goal idea right now.
Questcorp cautions traders that seize samples are selective by nature and never essentially indicative of comparable mineralization on the property.
The technical and scientific data on this information launch has been reviewed and permitted by R. Tim Henneberry, P. Geo (BC), a director of the Firm and a “certified particular person” beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged within the enterprise of the acquisition and exploration of mineral properties in North America, with the target of finding and creating financial valuable and base metals properties of advantage. The Firm holds an choice to amass an undivided 100% curiosity in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, topic to a royalty obligation. The Firm additionally holds an choice to amass an undivided 100% curiosity in and to mineral claims totaling 2,520.2 hectares comprising the La Union Mission positioned in Sonora, Mexico, topic to a royalty obligation.
Contact Info
Questcorp Mining Corp.
Saf Dhillon, President & CEO
This information launch consists of sure “forward-looking statements” beneath relevant Canadian securities laws. Ahead-looking statements embody, however aren’t restricted to, statements with respect to Riverside’s preparations with geophysical contractors to undertake orientation surveys and comply with up detailed survey to verify and improve the drill targets. Ahead-looking statements are essentially based mostly upon quite a lot of estimates and assumptions that, whereas thought of cheap, are topic to identified and unknown dangers, uncertainties, and different components which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such components embody however aren’t restricted to: the flexibility of Riverside to safe geophysical contractors to undertake orientation surveys and comply with up detailed survey to verify and improve the drill targets as contemplated or in any respect, basic enterprise, financial, aggressive, political and social uncertainties, unsure capital markets; and delay or failure to obtain board or regulatory approvals. There could be no assurance that the geophysical surveys will likely be accomplished as contemplated or in any respect and that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by regulation.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/261433
