Advanced Gold and Silver Mining Activities Persist at La Union Project in Mexico by Questcorp, Preparing for Drilling Operations
Questcorp Mining Kicks Off Drilling at La Union Gold-Silver Project
Questcorp Mining Inc. has commenced its maiden drilling program at the La Union Gold-Silver Project in Sonora, Mexico, marking a significant step in the exploration of the mineral-rich site. The drilling program, which consists of approximately 1,500 meters of diamond core drilling across six holes, will focus on confirming and enhancing drill targets on the La Union Project.
The objective of the drilling is to test and expand known zones of gold and silver mineralization related to a carbonate-hosted replacement deposit (CRD) style system. This includes mineralization associated with mantos, chimneys, and structural zones. The drilling is also aimed at validating new geological models derived from recent structural and stratigraphic interpretations in the nearby Sierra El Vieo mountain range, which underlie the La Union district.
The La Union Project has a historical small-scale production of approximately 50,000 ounces of gold, but this is the first time drilling has been conducted to explore the broader potential. Previous sampling showed very promising grades, including assays of up to 59.4 g/t gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides.
This drill program is the first phase of a planned C$1,000,000 exploration budget, part of a larger contingent commitment of C$5,500,000 dependent on exploration results and continued funding by Questcorp. The drilling tests targets around historically mined areas named Union Main Mine, North Union Mine, Cobre Mine, and Central Union Area.
Questcorp holds an option to earn a 100% interest in the La Union Project from Riverside Resources Inc., the current owner of the project. The Company is also engaged in the acquisition and exploration of mineral properties in North America.
Rock and soil sampling is ongoing at the La Union Project, with results expected in the coming weeks. The Company is also in arrangements with geophysical contractors to undertake orientation surveys and follow-up detailed surveys on the La Union Project. Drilling contractors have toured the site, and the contract is soon to be finalized.
It's important to note that the actual results and future events could differ materially from those anticipated in the forward-looking statements. The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of Questcorp Mining Inc. and a "qualified person" under National Instrument 43-101. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except as required by law.
For more information, interested parties can reach out to Questcorp Mining Inc. at [email protected] or +1 (604) 484-3031.
[1] Questcorp Mining Inc. (CSE: QQQ, OTC: QQCMF, OTCQB: QQCMF, FSE: D910) [2] The La Union Project is a carbonate replacement deposit ("CRD") project. [3] The Company also holds an option to acquire a 100% interest in the North Island Copper Property in British Columbia, subject to a royalty obligation. [4] Mineralization at the La Union Project occurs as polymetalic veins, replacement zones, and shear zones. [5] Highlight grades at the La Union Project include 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides.
- Despite Questcorp Mining focusing on its mining operations, the company also expresses interest in sports as it is engaged in the acquisition and exploration of mineral properties in North America.
- The drilling program at the La Union Gold-Silver Project, while significant for its mineral exploration, could potentially yield results comparable to top sports performance, testing and expanding known zones of gold and silver mineralization in a similar way athletes push their boundaries to enhance their performance.
