Sediment - hosted gold mineralization
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Questcorp Mining and Riverside Resources Commence Phase 2 Exploration Program at the La Union Project, Sonora, Mexico
TMX Newsfile· 2026-04-01 07:05
Core Viewpoint - Questcorp Mining Inc. and Riverside Resources Inc. have initiated the Phase 2 exploration program at the La Union Project in Sonora, Mexico, building on the success of the previous Phase 1 drill program [1][2]. Group 1: Phase 2 Exploration Program - The Phase 2 program aims to refine existing drill targets and generate new ones through geological mapping, geochemistry, geophysics, and structural analysis [3][8]. - An expanded aeromagnetic drone survey will run concurrently to enhance geological interpretation and refine drill targets ahead of the planned drilling in early summer 2026 [3]. Group 2: Results from Phase 1 - The Phase 1 drill program included a high-grade 30-meter chip-channel interval at the Union Mine grading 20.2 g/t gold and 226 g/t silver, and a new sediment-hosted gold discovery at Luis Hill returning 42 meters grading 0.3 g/t gold [7][8]. - The results from Phase 1 have established multiple well-defined targets for further exploration [4]. Group 3: Project Details and Partnerships - The La Union Project is a district-scale exploration project with historical mining areas and multiple targets associated with gold, silver, zinc, and lead mineralization [11]. - Questcorp holds an option to earn a 100% interest in the project, while Riverside holds approximately 9.9% equity interest in Questcorp, which may increase to 19.9% upon completion of the earn-in [11]. Group 4: Future Plans and Positioning - With permits secured, site access established, and contractors engaged, the company is well-positioned to advance to the next fully funded drilling phase [9]. - The combination of CRD-style mineralization and emerging sediment-hosted gold potential at Luis Hill indicates the project's scale and versatility [2].