Drill Results
Questcorp Mining and Riverside Resources Complete Expanded Drone Aeromagnetic Survey at La Union Project
Survey Completion Validates Drill Readiness, But Execution Risk Remains

Executive Summary
- Questcorp Mining and partner Riverside Resources have completed an expanded drone aeromagnetic survey at the La Union Project in Sonora, Mexico.
- The survey added 248 total line km of coverage (193 flight lines + 55 tie lines) building upon a 2025 baseline dataset.
- Data is being integrated with structural mapping and recent high-grade sampling to refine drill targets for Phase 2 drilling.
- Preparations for the summer drill program are underway: drill roads and pads are being established, permits are in hand, site access secured.
- A drill contractor and geophysical service provider have been contracted.
- An Induced Polarization (IP) geophysical survey is scheduled to commence shortly to further de-risk Phase 2 targeting.
- CEO Saf Dhillon emphasizes the objective is to "derisk the up-coming fully funded drill program."
Material Impact
- The news confirms operational progress toward the Phase 2 drilling campaign announced in May 5th, 2026.
- Completion of geophysical surveys is a standard procedural step; it does not constitute new mineralization discovery or resource definition.
- The "fully funded" status mentioned previously remains unchallenged but capital deployment risk persists if drilling delays occur.
- No material change to valuation drivers (e.g., no new high-grade intercepts announced in this release).
- Positive confirmation of execution capability reduces operational uncertainty slightly, but the market has already priced in the expectation of drilling given prior announcements.
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Company Overview
- Company: Questcorp Mining Inc., focused on exploration of gold, silver, and copper projects in Mexico and Canada.
- Flagship Project: La Union Gold & Silver Project (Sonora, Mexico).
- Targeting Carbonate Replacement Deposit (CRD) style mineralization and sediment-hosted gold (SHGD/Carlin-type).
- Recent Phase 1 results showed high-grade intervals (e.g., 30m @ 20 g/t Au at Union Mine; 42m @ 0.3 g/t Au at Luis Hill).
- Secondary Project: North Island Copper Project (Vancouver Island, BC).
- Porphyry copper target with historical drilling showing increasing grades with depth.
- Currently undergoing IP survey to refine targets for future drilling.
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Jun 09, 2026 · 03:06