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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce the commencement of its 2026 induced polarization ("IP") survey at its 1,168-hectare North Island Copper Project located near Port Hardy on Vancouver Island, British Columbia.
The 10-15 line-kilometre IP program is being conducted by Peter E. Walcott & Associates Limited ("Walcott") of Coquitlam, British Columbia.
The 2026 IP survey is designed to confirm and refine historical geophysical targets associated with the Marisa Zone porphyry copper system and to support the development of follow-up drill targets.
In 1992, two of five diamond drill holes completed to test a 1991 IP chargeability anomaly intersected copper mineralization, including:
- 0.078% copper over 56.39 metres (DDH92-01)
- 0.041% copper over 70.71 metres (DDH92-03)
Both intercepts were encountered within altered quartz diorite, with DDH92-03 reporting increasing copper grades at depth.
Source: Geophysical and Diamond Drilling Report on the Marisa Property, G.J. Allen and P.G. Dasler, dated February 29, 1992, prepared for Great Western Gold Corporation.
The current survey lines will follow the historical survey azimuth and will be positioned midway between the 1992 IP lines to enhance data resolution across the target area. Historical and newly acquired datasets will be integrated to generate updated chargeability and resistivity elevation models, as well as pseudosection interpretations. The objective is to improve subsurface targeting precision ahead of a potential drill program.
"The North Island Copper Project represents a compelling porphyry copper target with demonstrated historical mineralization," stated Saf Dhillon, President & Chief Executive Officer. "This IP program is a disciplined step toward refining our geological model and advancing toward drill-ready targets. With our recent financings completed, the Company is well positioned to execute its planned exploration programs while maintaining a prudent approach to capital deployment."
The Company cautions that a Qualified Person has not verified the historical exploration data referenced in this release. The presence of mineralization on adjacent or nearby properties, including NorthIsle Copper and Gold and BHP properties, is not necessarily indicative of mineralization on the North Island Copper Project.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a Director of the Company and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Questcorp Mining Inc.
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 option to acquire 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.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
Questcorp Mining Corp.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285467
