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Tocvan Ventures Corp
Symbol TOC
Shares Issued 24,984,861
Close 2021-03-03 C$ 0.71
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Tocvan completes mapping, sampling at Pilar

2021-03-04 06:40 ET - News Release

Mr. Derek Wood reports


Tocvan Ventures Corp. has provided an update on exploration at its flagship Pilar gold-silver project. Work completed to date includes detailed mapping and sampling of key targets across the project area. The aim of the program is to advance key targets to drill-ready status for a phase 2 drill program. One hundred fifty rock chip samples have been collected to date, covering 60 per cent of the property. Work will continue for the next two weeks followed by final planning for the next phase of drilling.

"We are very pleased with how rapidly our geologists are able to cover the area at Pilar," commented vice-president, exploration, Brodie Sutherland. "Historic drilling and mapping focused on the Main zone; our geologists are now mapping and sampling beyond the Main zone to help define our next drill targets. Among other targets, the 4 Trench trend shows great potential with historic adits and shafts extending for over 350 metres, this is further backed by a trend of anomalous soils and rock samples that include 24 grams per tonne gold and 172 g/t silver. The overall trend continues to the southeast for 1,200 metres and to date has only been evaluated with reconnaissance soil and rock sampling. The potential to expand the area of known mineralization along strike and at depth at Pilar is excellent, and we are excited to continue to advance the project."

Summary of key target areas

Main zone extension:

  • 800-metre southeast extension of the Main zone:
    • Historic drill hole JES-18-03: 13.5 metres at 5.6 g/t Au and 22 g/t Ag;
    • 800 metres of anomalous soils with values ranging from 106 parts per billion to 911 ppb Au;
    • Rock grab samples including 9.3 g/t Au and 76 g/t Ag.

4 Trench:

  • 600-metre trend that includes the 4 Trench zone highlighted by:
    • Historic drill hole K-16: 7.5 m at 3.3 g/t Au and 31 g/t Ag;
    • 600 metres of anomalous soils with values ranging from 118 ppb to 2,030 ppb Au;
    • Rock grab samples including 24 g/t Au and 116 g/t Ag;
    • Network of historic artisanal workings over a 350-metre strike.

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. 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 19,200 metres of drilling have been completed to date. Significant results are highlighted below from previous operators:

  • 17,700 m of historic core and RC drilling; highlights include (all lengths are drilled thicknesses):
    • 0.8 g/t Au over 61 m;
    • 53.5g/t Au and 53 g/t Ag over 16.5 m;
    • 9.6 g/t Au over 13 m;
    • 10.2 g/t Au and 46 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;
    • 3.4 g/t Au over 50 m;
  • Soil and rock sampling results from undrilled areas indicate mineralization extends toward the southeast from the Main zone, North Hill zone and 4 Trench zone.

Mr. Sutherland, 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 24.5 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 opportunities represent tremendous opportunity.

We seek Safe Harbor.

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