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Tocvan Ventures Corp
Symbol TOC
Shares Issued 27,849,179
Close 2021-04-15 C$ 0.66
Recent Sedar Documents

Tocvan starts phase 2 drilling at Pilar

2021-04-15 06:09 ET - News Release

Mr. Brodie Sutherland reports

TOCVAN COMMENCES LARGEST DRILL PROGRAM EVER CONDUCTED AT PILAR

Tocvan Ventures Corp. has started up the phase 2 drill program at its flagship Pilar gold-silver project. The program will consist of two stages and plans for a minimum of 4,000 metres of reverse circulation (RC) drilling. Stage 1 will focus on the continued definition and expansion of the Main zone, which during phase 1 returned 94.6 metres at 1.6 grams per tonne gold including 9.2 m at 10.8 g/t Au and 38 g/t silver in drill hole JES-20-32. Stage 2 will begin to test new targets across the property including the Triple Vein zone and 4-Trench extension.

"We are extremely excited to be back drilling at Pilar," commented vice-president, exploration, Brodie Sutherland. "Recent exploration on surface has identified several new target areas, which we will begin to drill test during this program. Follow-up on our successful phase 1 program will aim to expand the Main zone along strike and further at depth. Drill crews and geological staff are mobilizing to site today and expect to be ready to start drilling tomorrow."

Primary drill targets

Main zone expansion

Drilling will include follow-up on highlight holes from phase 1 program:

JES-20-32:

  • 94.6 metres at 1.6 g/t Au from 57.9 to 152.5 metres, including a high-grade core of 9.2 metres at 10.8 g/t Au and 38 g/t Ag from 57.9 to 67.1 metres.

JES-20-36:

  • 24.4 metres at 2.5 g/t Au and 73 g/t Ag from 96.1 to 120.5 metres, including a high-grade core of 9.2 metres at 6.3 g/t Au and 192 g/t Ag from 96.1 to 105.2 metres, including 1.5 metres at 33.4 g/t Au and 1,090 g/t Ag from 96.1 to 97.6 metres.

4-Trench extension:

  • 600-metre strike length identified by historic workings and surface sampling, highlighted by 19.9 g/t Au with eight g/t Ag and 5.1 g/t Au with 142 g/t Ag in rock samples.

Triple Vein zone:

  • 400-metre strike length identified by surface mapping and sampling, highlighted by 4.5 g/t Au with 735 g/t Ag and 4.3 g/t Au with 96 g/t Ag in rock samples.

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:

  • 2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):
    • 94.6 m at 1.6 g/t Au, including 1.5 m at 9.2 m at 10.8 g/t Au and 38 g/t Ag;
    • 41.2 m at 1.1 g/t Au, including 3.1 m at 6.0 g/t Au and 12 g/t Ag;
    • 24.4 m at 2.5 g/t Au and 73 g/t Ag, including 1.5 m at 33.4 g/t Au and 1,090 g/t Ag.
  • 17,700 m of historic core and RC drilling; highlights include:
    • 61.0 m at 0.8 g/t Au;
    • 16.5 m at 53.5 g/t Au and 53 g/t Ag;
    • 13.0 m at 9.6 g/t Au;
    • 9.0 m at 10.2 g/t Au and 46 g/t Ag.

Soil and rock sampling results from undrilled areas indicate mineralization extends toward the southeast from the Main zone and 4-Trench zone. Recent surface exploration has defined three new target areas: Triple Vein zone, Southeast Vein zone and 4-Trench extension.

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.

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 and RC chip 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.

We seek Safe Harbor.

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