FULL DISCLOSURE: Canacom Group is long the equity of Questcorp Mining and Riverside Resources.
Questcorp Mining (CSE: QQQ) and its partner Riverside Resources (TSXV: RRI) have commenced a phase 2 exploration program at the La Union Project in Sonora, Mexico. The mobilization follows a phase 1 drill program that identified high-grade gold and silver mineralization and a new sediment-hosted discovery at the Luis Hill target.
The current phase is fully funded and focuses on refining targets ahead of a follow-up drilling campaign scheduled for early summer 2026. Field teams are currently conducting geological mapping, geochemistry, and property-wide structural analysis across four primary target areas.
A central priority for the program is the Union Mine, where previous chip-channel sampling yielded 20.2 g/t gold and 226 g/t silver over a 30-meter interval. Management indicated that this mineralization remains open in both directions, suggesting potential for expansion. Simultaneously, exploration at Luis Hill will investigate 42 meters of 0.3 g/t gold, a result that points to a Carlin-style system previously unrecognized in this specific region.
READ: Questcorp and Riverside Lock Down Key Sonora Mineral Concessions
“With a fully funded program now underway, we are focused on systematically refining existing targets while expanding our pipeline of new opportunities across the district. The combination of CRD-style mineralization and the emerging sediment-hosted gold potential at Luis Hill continues to demonstrate the scale and versatility of the project,” commented Saf Dhillon, CEO of Questcorp.
Objectives of the phase 2 program include followed up work on sediment-hosted gold targets identified under the phase 1 program conducted earlier this year, alongside further sampling underground at the historic Union Mine.
The program will also see an expanded aeromagnetic drone survey conducted to enhance geological interpretation across the project’s district-scale acreage. These efforts are supported by the recent consolidation of the Famosa mineral concessions, which integrated additional lead and zinc anomalies into the project’s exploration pipeline.
Questcorp Mining last traded at $0.13 on the CSE.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Questcorp Mining and Riverside Resources. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
