Questcorp Mining – Exploration Programs About To Commence At The La Union Gold Project In Mexico, And The North Island Copper Property On Vancouver Island
Saf Dhillon, President and CEO of Questcorp Mining (CSE: QQQ) (OTCBB: QQCMF) (FSE: D910), joins me for a comprehensive overview of their 2 key exploration projects, in Mexico and Vancouver Island respectively, the work program at each property for 2025, the experience of the management team, and the financial health and capital structure of the Company.
The flagship Project is the La Union Gold Project in Sonora, Mexico; currently under an option agreement to earn in 100% interest from Riverside Resources Inc., subject to a 2.5% NSR royalty, and by making cash payments of $100K; issuing in stages,19.9% of the issued and outstanding capital of the Company; and completing $5.5M in exploration expenditures over the next four years. Saf unpacks the terms of the news release from May 6, 2025, where the Company has issued 6,285,722 common shares in the capital of the Company, representing 9.9% of the issued and outstanding Common Shares as of May 20, 2025, to Riverside Resources Inc. and completed the first required payment of $25,000 CAD to Riverside.
The La Union Project is a carbonate replacement deposit (“CRD”) project, where mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content. Historical exploration work highlight grades of 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, consistent with a CRD model. The plan is to spend $1Million on the exploration program for this year, starting with sampling and geophysical surveys for targeting, and then to test those targets with a drill, where Riverside Resources will be the operator.
Next we shifted over to the The North Island Copper Property, on Vancouver Island, British Columbia, where the Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares, and subject to a royalty obligation. Questcorp is focusing on the Marisa porphyry target in the west where a historic induced polarization (IP) survey and follow up drilling met with initial success. Two of the five holes drilled into the chargeability high intersected significant copper mineralization to depths of 80 metres. After receiving the next set of permits in the coming month, then the summer exploration program will be announced.
We wrapped up with more background on the management team and board, discussed the capital recently raised to execute this year’s work programs, and broke down the capital share structure.
If you have any questions for Saf regarding Questcorp Mining, then please email me at Shad@kereport.com.
