Questcorp Mining Inc. This work is being done by the property seller and operator Rivaraside Resource Inc. (TSXV: Rri).
Highlight
- The initial drill program is designed to expand the known areas of mineralization, test new goals and detect areas around the functioning of several historical mines within the 25 km AR project area.
- Drill will join the program , 1,500 m diamond core drilling in six holes, from each average 250 m depth.
- Drilling to test carbonate-hosted replacement deposits (CRD) styling with gold with gold with mantos, chimney and structural zone.
- The purpose of angled drill holes is aimed at cutting the vertical goals for strategraphic goals and some structural goals which are specific in the CRD system
- Structural features may have served as minerals and have major goals in the current drill program.
In the last three months by the Rivaraside, the recent exploration work has improved the understanding of structural geology and strategraphy in the immediate mountain range Sierra L Veeso in the west of the La Union Project. La Union District is located along the flax of this range, where these updated interpretations help direct the current exploration efforts. The exploration target focus is to discover a large potential gold that spreads from the previous small -scale mine operations on the property. The drill program will start testing new concepts and expands previous mining.
Saf Dhillon, Chairman and CEO says, “Questcorp is proud to work in the revision with John-Mark and his entire team in a historic moment in the development of this property. La Union Project has worked on this for decades, including 50,000 ounces of gold production, but so far a drill bit was never worn!”
Earlier this year, Questcorp entered a certain option agreement with RRM Explorean, SAPI D CV, a fully owned subsidiary of Rivaraside to acquire 100% interest in the La Union Project. As part of the agreement, Questcorp issued shares to Rivaraside, making the rivers a shareholder and aligned the interests of both sides in the success of the project. With funding provided by Quest Corp, an initial C $ 1,000,000 exploration program is now going on. It marks the first stage of a large, C $ 5,500,000 work commitment, contingent and continuous participation of Questcorp over the exploration results.
Drill program target Include more than four different regions, starting with the orientation phase of this early stage strategraphic and drilling exploration, aimed to evaluate a scale of a mineral system change and signal. Despite the previous mining in the majority of these areas, this will be the first drilling held at most goals. The initial program will include one to three holes per field, mainly for orientation purposes. Follow-up drilling is planned and can be expanded based on initial results, which will help verify strategraphy, lithology and structural features allowing better modeling and next-stage discovery targeting. Four areas are listed below:
- Union chief mine Area – The program will use angled drill holes to test limestone and other carbonate stratigrapic hosts within the clarmente formation, with the ability to reach the underlying caberca formation. These units are considered primary hosts for replacement-style minerals.
- North Union Mine Area – The initial focus of the program will be on the test of structural interpretations. After this first phase, additional drilling is estimated, as the results will help direct the future drill test of areas with previous mining activity and various structural tilt.
- copper mine Area – Clemente Formation is the primary host unit, and the structural features combined with previous mining areas provide several target areas. Drilling will begin with an early stratigrapic test hole, which will help orient to help orient around the thickness of the host unit and extend into the lower caberca formation, which is also a favorable host for the CRD-style mineral.
- Central union Area – Structural goals, as possible mineral feeder zones, is a significant focus in this previous mining Manto region. The area has broader additional target areas, and it will provide vectoring for the next stage of initial orientation drilling and further studies of clamele formation, and possibly interpreted in the Caborca formation.
General observation of la union project
The project is available in the recently published NI 43-101 Technical Report under the Sedar+ Profile (www.sedarplus.ca) of Questcorp. Rivaraside initially acquired the project and later consolidated additional ineligible mineral claims, constructing the position of a strong land. The rivaraside then advanced the project through Surface Access Agreements and Drill permission, making it a turn-key exploration opportunity for Questcorp.
The project was originally identified through the exploration work of the Rivaruside in the Western Sonora Gold Belt, which was organized in collaboration with Anglogold Ashanti Limited, Centerra Gold Inc. and Hochschild Mining PLC. Earlier research by John-Mark Stad, the founder of Rivaraside, also contributed to recognizing the capacity of the district. Drawing for more than two decades of initial work, geological compilation and analysis by members of the rivaraside team, confirmed the area as highly potential.
In the project, historical mining by the Penol Mining Company targeted chimney and manto-style replacement bodies within the upper oxide zone. As a result, the underlying sulfide regions represent immediate and compelling drill goals for further discovery.
The project has favorable limestone host rocks, a broad change footprint and several small scale historical functions, with the same mineral style similar to the Harmosa project in Southern Arizona. In Harmosa, South 32 Arizona is carrying forward the mine development after the acquisition of the project from mining. But 15 February 2024South 32 board approves US $ 2.16 billion Representing the largest private mining investment in the history of southern Arizona, capital investment to develop a teller zinc-leed-silver deposit. The project is now considered one of the most important underdeveloped base-metal assets in the United States.
In the LA Union Project, the immediate drill targets provide the capacity for the significant discoveries on significant scale. La Union has been well deployed for near-term discovery success, including both oxide and deep sulfide minerals with goals.
Figure 1. Geological map with a tenure of union internal concession shown in pink. Manto and Chimney type CRD goals are shown as red polygon. All mineral tenure on this map includes La Union Project. The drill program will focus on the Union’s mines and regions in the north of Union Mine with initial drill work.
To see an extended version of this graphic, please see:
https://images.newsfilecorp.com/files/10197/261433_a2ed3D4FB471Dade_001Full.jpg
Figure 2. The cross section is looking at the west with ideological drill targets and planned drillhole mark. The assays are labeled in black from the sample of rock dump material from two mines of the riverside. Red regions are interpreted as Manto and Chimney target bodies that are now well defined and drills are ready. The assays shown on figures 1 and 2 have already been released and as briefly under Geochemical QA/QC and the NI 43–101 report states that Questcorp published 2025 on Sedar+.
To see an extended version of this graphic, please see:
https://images.newsfilecorp.com/files/10197/261433_a2ed3D4FB471Dade_002Full.jpg
La union project
The La Union Project is a carbonate replacement deposit (“CRD”), hosted by neoproterozoic sedimentary rocks (Limastone, Dolomites, and Siliciclastic Sedments), which is dominated by Cyborca Teron’s crystallic pelioproterosek rocks. Structural settings have high-angles general defects and at least-medium-angle thrust defects that sometimes serve as mineralization. Mineralization occurs in versatile veins, replacement zones (mentos, chimney), and shear zone with high-grade metal materials, as shown with 59.4 g/per metric tonnes (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, 2.2% copper, 2.2% copper. “NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico” is available on May 6, 2025 under the Cedar+ Profile of Questcorp). These goals currently demonstrate complicated capacity for potentially large gold discoveries above the capacity of a large porphery CU district as the company’s target concept.
Questcorp warns investors that catch the sample, are selective by nature and not necessarily a sign of uniform mineralization on the property.
In this news release, technical and scientific information has been reviewed and R. Tim Heneberry, P. Jio (BC), a director of the company and “qualified person” -under the National Instrument 43-101 -has been approved by – Standards of disclosure for mineral projects,
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the business of acquisition and exploration of mineral properties in North America, which is aimed at detecting and developing the economic precious and base metal properties of merit. The company has an option to obtain an undivided 100% interest and for a total of 1,168.09 hectares of claims in 1,168.09 hectares in the wealth of North Island Copper in the Vancouver Copper in the British Columbia, under a royalty obligation. The company also holds an option to obtain undivided 100% interest in a total of 2,520.2 hectares in 2,520.2 hectares involving La Union Project located in Sonora, Mexico under a royalty obligation.
Contact information
Questcorp Mining Corp.
Saf dhillon, president and CEO
This news release includes some “forward-loving statement” under the Canadian Securities Act. Forward-loving statements are included, but it is not limited, to perform a statement in relation to the arrangement of riverside with geophysical contractors, to conduct orientation survey and to follow a detailed survey to confirm and increase the drill targets. Forward-loving statements are necessarily based on several estimates and beliefs, while considered appropriate, subject to known and unknown risks, uncertainties and other factors, which can cause real results and future events that can lead to separation from such forward-loving statement or separated from those implied. Such factors include, but it is not limited: to secure geophysical contractors the ability to secure orientation of rivaraside and to confirm and increase drill targets to follow a detailed survey or on all, general business, economic, competitive, political and social uncertainty, uncertain capital markets; And delay or failure in obtaining board or regulator approval. There may be no assurance that geopolitical surveys will be completed as or at all at all and such statements will prove to be accurate, as real outcomes and future events may vary physically from the anticipated people in such statements. Accordingly, readers should not have inappropriate dependence on forward -looking statements. The company reveals any intentions or obligation to update or modify any forward-loving statement, whether it is new information, future events or otherwise by law required.
To see the source version of this press release, please visit https://www.newsfilecorp.com/release/261433
