Tocvan Ventures - TCVNF STOCK NEWS

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has successfully closed an oversubscribed private placement, raising total gross proceeds of $3.15 million. The second tranche raised $1,045,267.20 through the issuance of 2,177,640 Units at $0.48 per Unit, following the first tranche of $2,105,320. Each Unit includes one common share and one warrant exercisable at $0.75 for 36 months.

The company paid approximately $39,744 in cash commissions and issued 82,800 finders' warrants. The proceeds will fund the advancement of the Gran Pilar Au-Ag project in Sonora, Mexico. Currently, results are pending for four RC drill holes in the expansion area, with first results expected soon. Additionally, ten core drill holes were completed across the Main Zone, with initial results anticipated in March.

Tocvan Ventures Corp. (TCVNF) has completed 1,122 meters of core drilling across ten drillholes at its Gran Pilar Gold Silver Project in Sonora, Mexico. Samples from the first three drillholes have been delivered to ALS Laboratory, with results pending. The drilling program aims to infill and expand known mineralization corridors for a maiden resource estimate and future Preliminary Economic Assessment.

Recent surface sampling revealed significant findings, including 21.2 g/t Au and >2,000 g/t Ag in a soil sample. A new target outcrop was identified one kilometer northeast of the Main Zone, showing elevated gold in soil values up to 320 ppb. The company plans to advance drill targeting in this road-accessible area.

The company also announced a stock option grant of 1,675,000 options at $0.50 per share and issued 28,658 common shares for interest payment on Convertible Notes. Tocvan is planning a pilot facility at Pilar with aims to process up to 50,000 tonnes of material, targeting early 2025 for development.

Tocvan Ventures has announced new surface exploration results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The company identified four new target areas in the Southern Block, spanning 1.8km by 1.0km, with rock chips yielding up to 3.1 g/t Au, 64 g/t Ag, 0.67% Cu, and 0.92% Pb. An additional unexplored area of 2.1km by 1.4km remains to the east.

Core drilling is ongoing at Pilar's Main Zone, with four holes completed totaling over 408 meters. The company aims to build a more robust geological model across the area. Previous drilling highlights include intersections of 42.7m @ 1.0 g/t Au and 56.4m @ 1.0 g/t Au. The company plans to process up to 50,000 tonnes of material through a pilot facility, with development aimed to begin in early 2025.

Tocvan Ventures Corp. (TCVNF) has initiated core drilling at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The company plans nine core drill holes in the Main Zone, pre-paid through a credit with joint venture partner Colibri Resources Corp, with whom they share a 51/49 percent interest in the 105-hectare area.

Four RC drillholes totaling 776.2 meters were completed before the holiday break, with assays pending. The company is focusing on two key developments for 2025: establishing a resource estimate and setting up a proof-of-concept test mine. The test mine aims to process up to 50,000 tonnes of material, with operations planned to begin in early 2025.

Previous drilling highlights include intersections of 42.7m @ 1.0 g/t Au and 116.9m @ 1.2 g/t Au. Recent metallurgical studies showed impressive recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.

Tocvan Ventures Corp (CSE:TOC, OTCQB:TCVNF) has closed the first tranche of its non-brokered private placement, raising $2.1 million in gross proceeds. The offering included a significant $1.8 million investment from UK-based Sorbie Bornholm LP. The placement consisted of 4,386,083 Units at $0.48 per Unit, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months.

The company has commenced RC drilling at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The funds will support drilling efforts, permitting of new drill targets across the expansion area, and preparation for a planned pilot mine in 2025. The proceeds from Sorbie will be released in monthly tranches of $75,000 over 24 months through an escrow arrangement.

Tocvan Ventures announces a $3.0 million non-brokered private placement, including a $1.8 million institutional investment. The offering consists of 6,250,000 units at $0.48 per unit, with each unit including one common share and one warrant exercisable at $0.75 for 36 months. The company plans to mobilize drill rigs at the Gran Pilar Gold Silver Project, with up to 1,250 meters of core drilling before year-end and 2,000 meters of RC drilling planned. The proceeds will support drilling operations, test mine preparations, and permitting of drilling expansion areas. A test mine for Pilar is scheduled for Q2 2025, with estimated costs of US$1.7 million and expected recovery of 800-1,400 gold ounces.

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has announced significant exploration results from its Gran Pilar gold-silver project in Sonora, Mexico. Soil sampling across the southern portion revealed exceptional high-grade results, including 21.2 g/t Au and >2,000 g/t Ag northeast of the Main Zone. The company collected 541 soil samples and 184 rock chip samples, with 62 samples showing values over 0.1 g/t Au. The sampling grid covered a two-square kilometer area, identifying several kilometers of prospective trends that remain open for expansion. The results indicate a larger mineralized system with multiple high-grade zones, suggesting significant potential for further discoveries.

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3) has provided an update on its Gran Pilar gold-silver project in Sonora, Mexico. The company has collected over 476 surface samples across a 2.3 km2 area, expanding its exploration footprint. Multiple artisanal underground workings have been discovered, indicating a broader mineralized system. Modelling shows increased expansion potential, advancing targets for future drilling.

Tocvan is preparing for the next phase of drilling, planning 1,200 to 2,000 meters of core drilling and 1,700 to 2,500 meters of RC drilling before year-end. The company aims to complete a maiden resource estimate for the Main Zone and adjacent trends. Additionally, Tocvan is planning a pilot plant facility to evaluate 50,000 tonnes of material on-site, with permitting expected to be complete in Q4 2024 and potential start in Q1 2025.

Tocvan Ventures Corp. (CSE:TOC, OTCQB:TCVNF) provides an update on its gold-silver projects in Sonora, Mexico. The company is advancing its Gran Pilar project, which includes the Pilar Main Zone and adjacent 22 km2 area. Key highlights include:

1. Ongoing surface exploration with over 200 soil samples collected.
2. A major producer completed a district-scale review of Gran Pilar's potential.
3. Upcoming core drill program scheduled for September.
4. Plans for a pilot plant facility to process up to 50,000 tonnes of material by early 2025.
5. Preparation for resource drilling with core and RC methods.
6. Invitation to present at Mexico's biggest annual mining conference in October.

The company aims to define a maiden resource at Pilar Main Zone and explore large-scale targets beyond, capitalizing on high gold prices and positive initial surface results.