Questcorp Mining

Questcorp Mining Inc. (QQQ:CSE) closed the initial tranche of a non-brokered private placement, raising $2,100,050. The company issued 14,000,334 units at $0.15, each including a share and a half warrant exercisable at $0.20. Funds will advance exploration at La Union (Mexico) and North Island (Canada). A $2M portion is subject to a sharing agreement with Sorbie Bornholm LP. Questcorp anticipates a final tranche, aiming for total proceeds of $3.5M. Units from the first tranche are free trading.

Questcorp Mining has commenced its maiden 1,500m drilling program at the La Union Gold & Silver Project in Sonora, Mexico, targeting CRD mineralization. Operated by Riverside Resources, the program focuses on four key areas with historical gold production. Questcorp’s initial C$1,000,000 exploration is part of a C$5,500,000 commitment. Historical sampling revealed high grades (e.g., 59.4 g/t gold, 833 g/t silver), suggesting potential for large-scale gold discoveries. The drilling aims to assess alteration and identify robust mineralized systems in previously mined areas.

Questcorp Mining (QQCMF) reports positive developments at its La Union Gold-Silver Project in Sonora, Mexico. A 1,500-meter maiden drill program is planned for mid-August 2025. Exploration revealed stacked thrust faults and new intrusives. Surface samples showed high grades: 59.4 g/t gold, 833 g/t silver, and significant zinc, lead, and copper. The 2,520-hectare property, a carbonate replacement deposit (CRD), shows potential for large-scale gold and underlying porphyry copper mineralization.