Northwire Canada EditionWednesday, July 15, 2026
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FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0%
Drill Results Routine +

Questcorp Mining Accelerates Phase 2 Exploration at La Union Following New Gold Discovery

Questcorp Accelerates La Union Phase 2 Amidst Heavy Financing History

By The Northwire Desk — AI Analysis Apr 15, 2026 · 00:06 QQQ · 0.14 Questcorp Mining Inc.
Executive Summary
  • Questcorp Mining Inc. announced acceleration of its Phase 2 exploration program at the La Union Project in Sonora, Mexico on April 15, 2026.
  • The company is focusing on five high-priority targets: Luis Hill, Union Mine, Famosa North, Union North, and Esperanza.
  • Work includes geochemical, geophysical, and structural programs with an expanded drone magnetic survey to identify porphyry-style systems at depth.
  • Specific activities include expanding the recent sediment-hosted gold discovery at Luis Hill (42m @ 0.3 g/t Au) and extending underground work at Union Mine (30m @ 20 g/t Au, 226 g/t Ag).
  • Famosa North is advancing toward its first-ever drilling phase with systematic mapping and sampling.
  • The announcement follows the April 1, 2026 commencement of Phase 2 exploration which was fully funded by previous private placements.
Material Impact
  • Routine - Positive: This news confirms execution of the Phase 2 plan announced on April 1, 2026, rather than introducing new material data or resource estimates.
  • The "New Gold Discovery" in the headline refers to the expansion of work on the Luis Hill discovery previously reported in January 2026 (42m @ 0.3 g/t Au), not a new grade intercept.
  • No new drilling results, assay grades, or economic studies are disclosed in this release; it is an operational update on the exploration program timeline and scope.
  • The market likely priced in the Phase 2 commencement announcement from April 1st; this update reinforces management's commitment to spending capital but does not alter the fundamental valuation thesis significantly at this stage.
QQQ · Price
Company Overview
  • Questcorp Mining Inc. is an exploration company focused on gold, silver, and copper projects in Mexico and Canada.
  • Flagship Project: La Union Gold & Silver Project (Sonora, Mexico).
  • Targeting Carbonate Replacement Deposits (CRD) and sediment-hosted gold (SHGD/Carlin-type).
  • Phase 1 drilling completed Jan/Feb 2026 with high-grade intercepts at Union Mine and Luis Hill.
  • Phase 2 exploration underway as of April 2026, fully funded.
  • Secondary Project: North Island Copper Project (Vancouver Island, BC).
  • Porphyry copper system targeting the Marisa Zone.
  • IP survey completed April 2026; drilling program pending permitting and interpretation.
Read the original news release →

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