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Tocvan Ventures Corp
Symbol TOC
Shares Issued 27,849,179
Close 2021-05-10 C$ 0.89
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Tocvan completes 11 holes, 1,811 m of drilling at Pilar

2021-05-11 07:26 ET - News Release

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

Mr. Derek Wood of Tocvan Ventures reports


Tocvan Ventures Corp. has provided an update for its flagship Pilar gold-silver project in Sonora, Mexico. The phase 2 drill program is nearing the halfway point with a total of 4,000 metres planned. To date, 11 drill holes have been completed for a total of 1,811 metres. Samples for the first five holes have been submitted to ALS labs in Hermosillo; the remaining samples will be submitted later this week. Early drilling focused on the extension of the Main zone, testing deeper downdip extensions of mineralization in addition to stepping out along strike. Drill targeting has now shifted toward testing new areas along the 4 Trench extension and Triple vein zone areas.

"We are extremely pleased with the progress of our phase 2 program," commented chief executive officer Derek Wood. "We believe there is great potential to extend the Main zone both at depth and along strike. Our technical team has been busy compiling data to maximize our drill targets. We are very excited to be back drilling at Pilar as we continue to advance the project."

About the Pilar property

The Pilar gold-silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite 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:

  • 2020 phase 1 RC drilling highlights (all lengths are drilled thicknesses):
    • 94.6 m at 1.6 grams per tonne gold, including 9.2 m at 10.8 g/t Au and 38 g/t silver;
    • 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, SE 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.

Quality assurance/quality control

RC chips 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 International Organization for Standardization 9001 and 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. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the company's robust quality assurance/quality control protocol.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration development company. Tocvan was created in order to take advantage of the prolonged downturn of the junior mining exploration sector by identifying and negotiating interest in opportunities where management feels it can build upon previous success. Management feels the Pilar gold-silver project in Sonora, Mexico, and the Rogers Creek copper project in Southern British Columbia both represent tremendous opportunity to create shareholder value.

We seek Safe Harbor.

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