Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results

Questcorp Mining and Riverside Resources Report High-Grade Gold, Silver and Base Metal Results and Advance Toward Fully Funded Phase 2 Drill Program at La Union, Sonora

Questcorp Mining Validates La Union Grades But Stock Stalls at Support

By The Northwire Desk — AI Analysis May 05, 2026 · 03:06 QQQ · 0.125 Questcorp Mining Inc.
Executive Summary
  • The most recent release (May 5, 2026) reports high-grade gold, silver, and base metal results from the Phase 2 surface exploration program at the La Union Project in Sonora, Mexico.
  • Key intercepts include 2.9m @ 20 g/t Au and 1.83% Zn at Union Mine, and significant silver/gold grades at Union Norte (e.g., 1m @ 4.379 g/t Au and 1413.75 g/t Ag).
  • Three new target areas were identified: Javali, La Negra, and Ali Hill.
  • The company confirms a fully funded Phase 2 drill campaign is scheduled for early summer 2026 with permits secured and contractors engaged.
  • This follows the January 2026 announcement of Phase 1 chip channel results (30m @ 20 g/t Au) and the February 2026 financing closing ($2.22M).
Material Impact
  • The news is positive as it confirms high-grade mineralization consistent with earlier Phase 1 surface sampling, validating the geological model for Carbonate Replacement Deposits (CRD) and sediment-hosted gold.
  • However, the information is largely expected given the February financing announcement which explicitly earmarked funds for this exploration phase.
  • The market reaction appears muted; the stock price has declined from a high of $0.25 in February 2026 to $0.12 in May 2026 despite positive news flow, suggesting investor fatigue regarding dilution or lack of immediate resource definition.
  • No new strategic investors (e.g., Sprott, Lundin) are announced in this specific release; the existing partner Riverside Resources continues its involvement.
  • The confirmation of "fully funded" status reduces near-term capital risk but does not alter the fundamental valuation without a mineral resource estimate.
QQQ · Price
Company Overview
  • Questcorp Mining Inc. is an exploration-stage mining company focused on gold, silver, and copper assets in Mexico (La Union Project) and Canada (North Island Copper Project).
  • Flagship Project: La Union Gold & Silver Project in Sonora, Mexico. It targets Carbonate Replacement Deposits (CRD) and sediment-hosted gold systems similar to the South32 Taylor deposit.
  • Development Stage: Early exploration. Phase 1 drilling completed late 2025/early 2026; Phase 2 surface work completed May 2026 with drill program pending summer 2026. No mineral resource estimate has been disclosed in the provided data.
  • Partnership: Riverside Resources Inc. is a key partner, holding an option to earn up to 100% of the project and currently owning approximately 9.9% of Questcorp (with potential increase to 19.9%).
Read the original news release →

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Questcorp Mining and Riverside Resources Commence Phase 2 Exploration Program at the La Union Project, Sonora, Mexico

Drill Results