Business
Questcorp Signs Option Agreement to Acquire 100% Interest in La Union Project, Sonora, Mexico and Completes Technical Report for La Union Project
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that further to its news release dated September 6, 2024, it has entered into a definitive option agreement (the "Option Agreement") for the 2,520.2 hectare La Union carbonate replacement project located in Sonora, Mexico (the "Project" or "La Union") with Riverside Resources Inc. ("Riverside") and its wholly-owned subsidi
About this update from Questcorp Mining, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that further to its news release dated September 6, 2024, it has entered into a definitive option agreement (the "Option Agreement") for the 2,520.2 hectare La Union carbonate replacement project located in Sonora, Mexico (the "Project" or "La Union") with Riverside Resources Inc. ("Riverside") and its wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the "Vendor") dated May 5, 2025 (the "Transaction"). The Company has also completed and filed on SEDAR+ the La Union Technical Report (the "Report") in support of the Transaction (as defined below).","length":828,"tagName":"p"},{"type":"text","content":""Having entered into the Option Agreement and completed this 43-101 Technical Report is an important accomplishment towards our goal of advancing the Project and working our way to earning up to 100% of this drill-ready property in a highly active region with multiple known deposits, major players and mines in production!" commented Questcorp President & CEO, Saf Dhillon. "John-Mark Staude and the Riverside technical team have been doing an exceptional job in consolidating the group of claims that now make up the Project and we look forward to working with them in completing the conditions for 100% ownership of the Project," he continued.","length":670,"tagName":"p"},{"type":"text","content":"President & CEO of Riverside, John-Mark Staude, stated, "We are excited to work with Questcorp to carry out further exploration work on La Union's multiple targets we have worked up through extensive field activity. Riverside has consolidated the mineral tenure into an aggregated district play and worked with surface owners to obtain access and set up the project for immediate advancement."","length":411,"tagName":"p"},{"type":"text","content":"The La Union Project","length":20,"tagName":"p"},{"type":"text","content":"La Union is a carbonate replacement deposit ("CRD") project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the ...