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Tocvan Ventures Corp
Symbol C : TOC
Shares Issued 9,825,000
Close 2019-09-18 C$ 0.10
Recent Sedar Documents

Tocvan grab samples up to 2.31 g/t Au at Rogers Creek

2019-09-18 10:10 ET - News Release

Mr. Brodie Sutherland reports

TOCVAN VENTURES CORP. COMPLETES FIRST YEAR WORK COMMITMENT AT ROGERS CREEK, DISCOVERS NEW TARGET AREA AND COMMISSIONS IP SURVEY

Tocvan Ventures Corp. has provided an exploration update from its Rogers Creek project, situated in southwestern British Columbia. Highlights include:

  • Collection of 48 rock grab samples during reconnaissance program;
  • Results included:
    • 2.41 grams per tonne gold from target I;
    • 0.15 per cent copper from target I;
    • 1.92 grams per tonne gold, 0.10 per cent copper and 25 parts per million silver from a new target area.
  • Planned work includes IP survey and follow-up on new target area.

A total of 48 rock grab samples were recently collected during a reconnaissance program. Results yielded values of 2.41 g/t gold, 1.92 g/t gold and up to 0.15 per cent copper in separate rock samples (see attached table). The 1.92 g/t gold assay is from a new roadcut exposure. Follow-up work is recommended to further define the extent of mineralization in this new area. A summary of results is provided in the attached table.

Two thousand nineteen sample results confirm that target I, one of four target areas on the property, contains mineralization and alteration inferred to be associated with a porphyry-style copper-gold-silver system. Historic surface sampling within target I returned up to 23.1 grams per tonne gold with 0.5 per cent copper and 136 parts per million silver.

A single 2.5-kilometre-long induced polarization (IP) line is scheduled to be surveyed in September to test the northern extent of a chargeability anomaly discovered during a 2015 survey. Historic drilling in 2011 completed along the northern edge of the chargeability anomaly intersected 0.172 per cent copper over 12.3 metres in drill hole MRC-007. The additional IP line will assist in defining the chargeability anomaly northward and guide future drilling.

About the Rogers Creek property

On May 24, 2018, Tocvan entered into an option agreement with Carube Copper Corp. that provides Tocvan the right to earn 80 per cent of the Rogers Creek property. The Rogers Creek property covers 212.34 square kilometres in the Coastal Mountain belt of British Columbia, approximately 90 kilometres northeast of Vancouver, B.C. The property consists of four target areas being explored for porphyry-style copper-gold mineralization.

On Sept. 17, 2019, Tocvan and Carube signed an amendment to the original option agreement, reducing Tocvan's year 1 minimum work commitment from $200,000 to $100,000. The 2019 IP survey, together with exploration activity described above, will provide for this work commitment. Tocvan is hopeful that encouraging 2019 exploration results will provide a basis for a 2020 diamond drill program.

About Tocvan Ventures Corp.

Tocvan is a well-structured, early-stage mineral exploration company. The company works diligently to identify advanced exploration and/or production targets, while striving to minimize dilution to its capital structure as much as possible. Tocvan has approximately 10.3 million shares issued and outstanding, and has been working to identify additional advanced-stage exploration properties since inception.

Technical disclosure

Samples collected in the field involve a quality assurance/quality control program appropriate for grassroots exploration. Certified reference material was inserted into the sample stream at a frequency of one for every 20 samples. Rock samples are selective in nature and not representative of the mineralization across the property. All samples were sent to ALS Geochemistry in North Vancouver, B.C. Rock samples were analyzed using inductively coupled plasma (ICP) for gold on a 30-gram pulp split (ALS code: Au-ICP21) and ICP (ALS code: ME-MS61) for 60 elements. Locations of samples were collected by hand-held GPS.

The technical information in this news release has been prepared or approved by Brodie A. Sutherland, PGeo, independent director of the company, a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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