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Tocvan Ventures Corp
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Tocvan samples 4.5 g/t Au, 735 g/t Ag at Pilar

2021-04-06 06:09 ET - News Release

Also News Release (C-CBI) Colibri Resource Corp (2)

Mr. Derek Wood of Tocvan reports


Tocvan Ventures Corp. has released results from surface exploration at its flagship Pilar gold-silver project. The aim of the program was to advance key targets with no previous mapping or detailed sampling to drill-ready status for a phase 2 drill program scheduled to begin in April. A total of 207 rock chip samples were collected covering the entire property. Sampling at the new Triple Vein zone target has returned anomalous values over a 400-metre strike length, highlighted by 4.5 grams per tonne gold with 735 g/t silver and 4.3 g/t Au with 96 g/t Ag. Sampling along the 4 Trench extension returned anomalous values over a 600-metre trend highlighted by 19.9 g/t Au with eight g/t Ag and 5.1 g/t Au with 142 g/t Ag.

Highlights from surface sampling

Triple Vein zone:

  • 4.5 g/t Au and 735 g/t Ag, channel sample of quartz vein in previously unmapped artisanal working;
  • 8.0 g/t Au and eight g/t Ag, channel sample of oxidized brecciated andesite;
  • 4.3 g/t Au and 96 g/t Ag, channel sample of oxidized brecciated andesite;
  • 5.1 g/t Au and 24 g/t Ag, channel sample of vein in previously unmapped artisanal working;
  • 2.8 g/t Au and 15 g/t Ag, channel sample of silicified brecciated andesite three metres thick.

4 Trench extension:

  • 19.9 g/t Au and eight g/t Ag, channel sample, andesite dike with quartz;
  • 5.1 g/t Au and 142 g/t Ag, grab float sample along vein strike;
  • 3.7 g/t Au and 62 g/t Ag, grab float sample along vein strike;
  • 3.4 g/t Au and 28 g/t Ag, channel sample of oxidized quartz vein;
  • 1.9 g/t Au and 178 g/t Ag, channel sample of oxidized quartz vein.

* All samples are rock channel or grab samples. Grab samples are selective and may not represent mineralization over wider intervals.

"The results released today confirm the new vein corridors recently identified by mapping are mineralized and carry similar grade to our Main zone," commented vice-president, exploration, Brodie Sutherland. "Our next phase of drilling will begin later this month. Not only do we have follow-up work to continue at our Main zone with the recent surface exploration results we have no shortage of targets to test, especially along the 4 Trench extension and the new Triple Vein zone."

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;
    • 53.5 g/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.

Sampling methods

Samples collected are of rock grab and rock chips; grab samples are selective and not necessarily representative of the mineralization over wider widths.

Rock samples were shipped for sample preparation to ALS in Hermosillo, Sonora, Mexico, and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO (International Organization for Standardization) 9001 and ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025 certified. Gold was analyzed using 50-gram nominal-weight fire assay with atomic absorption spectroscopy finish. Overlimits for gold (greater than 10 g/t) were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP (inductively coupled plasma) finish. Overlimit analyses for silver (greater than 100 g/t) were reassayed using an ore-grade four-acid digestion with ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish.

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.

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