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Tocvan Ventures Corp
Symbol TOC
Shares Issued 24,480,287
Close 2020-12-07 C$ 0.435
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Tocvan completes 400 m of drilling at Pilar

2020-12-08 06:47 ET - News Release

Mr. Derek Wood reports


Tocvan Ventures Corp. has provided an update for its maiden drill program at the Pilar gold-silver project in Sonora, Mexico. Phase 1 of the program plans for up to 1,500 metres of reverse circulation (RC) drilling utilizing one drill rig at the Pilar Main zone.

Field crews were able to mobilize so rapidly to start drilling and have already completed 400 metres of the program in three drill holes. Assay results for the program are expected early in the new year. The phase 1 program will provide important structural information for defining drill targets along the main mineralized trend and across the deep-seated feeder-pipe like structures interpreted from geophysics. As the corporation looks to continue the advancement of the Pilar project, a phase 2 drill program to test these targets is planned for early 2021.

"The ability to quickly mobilize equipment and field crews to Pilar is a testament to the strong team we have here in Mexico," commented president and chief executive officer Derek Wood. "After visiting the site this past week, I am very happy with the progress to date and look forward to continued exploration at Pilar. Tocvan is excited to lead the advancement of Pilar and would like to thank all of the field crews for their efforts."

About the Pilar property

The Pilar gold-silver property is interpreted as a structurally controlled low sulphidation epithermal project hosted in andesite and rhyolite rocks. Hydrothermal fluids carrying gold, silver and other elements are transported through the pre-existing structures and precipitate from the fluids to become mineralized veins within the structures and surrounding host rock.

Three zones of mineralization have been identified in the northwest part of the property from historic surface work and drilling and are referred to as the Main zone, North Hill and 4 trench. Structural features and zones of mineralization within the structures follow an overall northwest-southeast trend of mineralization. Over 17,700 m of drilling have been completed to date. Significant results are highlighted below from previous operators:

  • 17,700 metres of core and RC drilling; highlights include (all lengths are drilled thicknesses):
    • 0.73 gram per tonne gold over 40 m;
    • 0.75 g/t Au over 61 m;
    • 17.3 g/t Au over 1.5 m;
    • 5.27 g/t Au over three m;
    • 53.47 g/t Au and 53.4 g/t Ag over 16 m;
    • 9.64 g/t Au over 13 m;
    • 10.6 g/t Au and 37.8 g/t Ag over nine m;
  • 2,650 m of surface and trench channel sampling. Highlights include:
    • 55 g/t Au over three m;
    • 28.6 g/t Au over six m;
    • 3.39 g/t Au over 50 m;
  • Soil sampling results from undrilled areas indicating mineralization extends toward the southeast from the Main zone, North Hill zone and 4 trench zone.

Additional areas of mineralization have been identified from surface rock grab sample assay results that extend known mineralized trends and show a second northwest-southeast trend of mineralization to the east parallel to the trending zone described above; gold-silver mineralization is indicated across the property from the north to the south; see press release dated Jan. 7, 2020.

Brodie A. Sutherland, PGeo, vice-president, exploration, for Tocvan Ventures and a qualified person (QP) as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration mining company. Tocvan was created to take advantage of the prolonged downturn in the junior mining exploration sector by identifying and negotiating interest in opportunities where management feels it can build upon previous success. Tocvan Ventures currently has approximately 17.7 million shares outstanding and is earning into two exiting opportunities: the Pilar gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia. Management feels both projects represent tremendous opportunity.

We seek Safe Harbor.

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