Questcorp and Riverside Launch Phase 2B at La Union Project, Sonora
Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) along with Joint Venture partner and operator Riverside Resources Inc. announced commencement of Phase 2B at the La Union Project, Sonora, Mexico. With the conclusion of the rainy season, Riverside has commenced road work and drill pad construction in advance of the next stage of drilling.
Riverside has secured a reverse circulation drilling rig in an effort to increase drill efficiency, penetration rates and hole depths. The absence of water in the core holes completed to date suggests drill cutting recovery should not be an issue to depths planned in this phase of the program.
Phase 2B will initially target Luis Hill and the Union Mine:
- Drilling at Luis Hill will target an Induced Polarization chargeability anomaly extending over 1 km along strike, which coincides with the sediment-hosted gold mineralization discovery hole of 0.3 g/t gold over 42 metres identified in Phase 1. The zone remains open along strike and at depth.
- Drilling at Union Mine will follow up on the projected extension of the structure where chip-channel sampling yielded 20.2 g/t Au and 226 g/t Ag with 2.7% Zn in 30 metres long continuous from the Union Mine.
Questcorp President & CEO, Saf Dhillon stated, “We are very excited to commence the second part of our Phase 2 exploration program. The switchover from diamond drilling to reverse circulation should significantly increase penetration rates as we continue to build our geological model at La Union. During the rainy season, we reviewed several carbonate replacement deposits throughout the western Cordillera, incorporating aspects of their exploration programs and strategy into the upcoming program. One aspect that stood out above all others is the near proximity to surface of La Union’s CRD zones and targets (150 to 250 metres), compared to depths of 300 to in excess of 1000 metres at other CRD projects being drilled elsewhere in the western Cordillera.”
“Phase 2A exploration program outlined a large IP target at Luis Hill and continuity of mineralization at Union. Phase 2B plans to test both of these targets with RC drilling. We expect RC drilling to advance more efficiently through the faulted ground encountered during core drilling. If the RC drilling performs as planned, it will give us a more cost-effective way to drill at Union and provide the option to run larger programs in the future,” said John-Mark Staude, President and CEO of Riverside Resources.
Questcorp is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metal properties of merit. The Company holds an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island Copper property, on Vancouver Island, B.C., subject to a royalty obligation. The Company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.