Tocvan Announces Core Drilling Underway at Gran Pilar Gold Silver Project
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. (TCVNF) ha avviato perforazioni di core presso il suo progetto Gran Pilar Gold-Silver in Sonora, Messico. L'azienda prevede nove fori di perforazione nel Main Zone, prepagati tramite un credito con il partner di joint venture Colibri Resources Corp, con cui condividono un interesse del 51/49 percento nell'area di 105 ettari.
Quattro fori di perforazione RC per un totale di 776,2 metri sono stati completati prima della pausa festiva, con i risultati analitici ancora in attesa. L'azienda si sta concentrando su due sviluppi chiave per il 2025: stabilire una stima delle risorse e allestire una miniera di prova del concetto. La miniera di prova mira a processare fino a 50.000 tonnellate di materiale, con le operazioni previste per iniziare all'inizio del 2025.
I punti salienti delle perforazioni precedenti includono intersezioni di 42,7m @ 1,0 g/t Au e 116,9m @ 1,2 g/t Au. Recenti studi metallurgici hanno mostrato tassi di recupero impressionanti del 95-99% per l'oro e del 73-97% per l'argento utilizzando il recupero gravitazionale con lisciviazione agitata.
Tocvan Ventures Corp. (TCVNF) ha iniciado la perforación de núcleos en su Proyecto Gran Pilar Gold-Silver en Sonora, México. La empresa planea realizar nueve agujeros de perforación en la Zona Principal, prepagados a través de un crédito con su socio de joint venture Colibri Resources Corp, con quien comparte un interés del 51/49 por ciento en el área de 105 hectáreas.
Se completaron cuatro agujeros de perforación RC con un total de 776.2 metros antes de las vacaciones, esperando los análisis. La empresa se está enfocando en dos desarrollos clave para 2025: establecer una estimación de recursos y configurar una mina de prueba de concepto. La mina de prueba tiene como objetivo procesar hasta 50,000 toneladas de material, con operaciones programadas para comenzar a principios de 2025.
Los aspectos destacados de las perforaciones anteriores incluyen intersecciones de 42.7m @ 1.0 g/t Au y 116.9m @ 1.2 g/t Au. Los estudios metalúrgicos recientes mostraron tasas de recuperación impresionantes del 95-99% para el oro y del 73-97% para la plata utilizando recuperación gravitacional con lixiviación agitada.
Tocvan Ventures Corp. (TCVNF)가 멕시코 소노라에 있는 그란 필라 금-은 프로젝트에서 코어 시추를 시작했습니다. 이 회사는 105 헥타르의 지역에서 51/49 비율의 지분을 공유하는 조인트 벤처 파트너인 콜리브리 리소스와의 크레딧을 통해 사전 지급된 메인 존에서 아홉 개의 코어 시추 구멍을 계획하고 있습니다.
휴일 휴식 전에 총 776.2미터의 4개의 RC 시추 구멍이 완공되었으며, 분석 결과는 아직 대기 중입니다. 이 회사는 2025년을 위한 두 가지 주요 개발에 집중하고 있습니다: 자원 추정치를 수립하고 개념 증명 테스트 광산을 설정하는 것입니다. 이 테스트 광산은 최대 50,000톤의 자재를 처리하는 것을 목표로 하며, 2025년 초에 운영을 시작할 예정입니다.
이전 시추의 주요 성과에는 42.7m @ 1.0 g/t Au와 116.9m @ 1.2 g/t Au의 교차점이 포함됩니다. 최근의 금속공학 연구에서는 중력 회수 및 교반 침출을 사용하여 금에서 95-99%, 은에서 73-97%의 인상적인 회수율이 나타났습니다.
Tocvan Ventures Corp. (TCVNF) a lancé des sondages carottés sur son projet Gran Pilar Gold-Silver dans l'État de Sonora, au Mexique. La société prévoit neuf forages de carottes dans la zone principale, prépayés via un crédit avec le partenaire de coentreprise Colibri Resources Corp, avec lequel elle partage un intérêt de 51/49 pour cent dans la zone de 105 hectares.
Quatre forages RC totalisant 776,2 mètres ont été achevés avant la pause des fêtes, les analyses étant en attente. L'entreprise se concentre sur deux développements clés pour 2025 : établir une estimation des ressources et mettre en place une mine de test de concept. La mine de test vise à traiter jusqu'à 50 000 tonnes de matériel, avec des opérations prévues pour commencer début 2025.
Les points forts des forages précédents incluent des intersections de 42,7 m @ 1,0 g/t Au et 116,9 m @ 1,2 g/t Au. Des études métallurgiques récentes ont montré des taux de récupération impressionnants de 95-99 % pour l'or et de 73-97 % pour l'argent en utilisant la récupération par gravitation avec lixiviation par agitation.
Tocvan Ventures Corp. (TCVNF) hat mit der Kernbohrung bei ihrem Gran Pilar Gold-Silber-Projekt in Sonora, Mexiko, begonnen. Das Unternehmen plant neun Kernbohrungen in der Hauptzone, die über ein Darlehen mit dem Joint-Venture-Partner Colibri Resources Corp. vorbezahlt werden, mit dem sie ein Interesse von 51/49 Prozent an dem 105 Hektar großen Gebiet teilen.
Vor der Feiertagspause wurden vier RC-Bohrlöcher mit einer Gesamtlänge von 776,2 Metern abgeschlossen, wobei die Analysen noch ausstehen. Das Unternehmen konzentriert sich auf zwei wichtige Entwicklungen für 2025: eine Ressourcenschätzung zu erstellen und eine Machbarkeitsstudie für eine Testmine einzurichten. Die Testmine zielt darauf ab, bis zu 50.000 Tonnen Material zu verarbeiten, wobei der Betrieb Anfang 2025 beginnen soll.
Die Höhepunkte früherer Bohrungen umfassen Schnitte von 42,7 m @ 1,0 g/t Au und 116,9 m @ 1,2 g/t Au. Jüngste metallurgische Studien zeigten beeindruckende Rückgewinnungsraten von 95-99 % für Gold und 73-97 % für Silber durch Schwerkraftabscheidung mit agitierten Laugungsverfahren.
- High gold and silver recovery rates (95-99% Au, 73-97% Ag) from metallurgical studies
- Significant drill intersections including 116.9m @ 1.2 g/t Au
- Plans for 50,000-tonne test mine facility
- Expansion of drilling area beyond known mineralization boundaries
- Test mine still in planning phase with uncertain timeline
- Resource estimate not yet established
Highlights:
Core Drilling has commenced at Pilar's Main Zone
Four RC Drillholes Completed Prior to Holiday Break on Expansion Area
Assays Pending for 776.2 meters
CALGARY, AB / ACCESSWIRE / January 8, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce core drilling has commenced at its Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. An initial nine core drill holes are budgeted and pre-paid through an existing credit with partial joint venture partner, Colibri Resources Corp. (Colibri). Tocvan and Colibri share 51/49 percent interest in the 105-hectare area that contains Pilar's Main Zone, core drilling will be focused on the JV area across the Main Zone to build out a robust geological model needed for resource estimation (see Figure 1).
Prior to the holiday break, four RC drillholes were completed, totaling 776.2 meters. Several trends extending into the
"We welcome 2025 as important year with a focus on two key project advancements: 1) the establishment and ongoing expansion of a resource estimate; 2) the setup and processing of a proof-of-concept test mine." commented, CEO Brodie Sutherland. "With drilling ongoing we expect results from RC drilling and surface exploration across the Gran Pilar expansion area starting the later half of January into February. First results from core drilling we expect later in February into early March. During this time, we will continue to build towards test mine operation with aim for proof-of-concept production during the third quarter of this year. The Tocvan team wishes everyone a happy and healthy 2025. With the progression of the exciting events unfolding, we are optimistic for a great year ahead for Tocvan and its shareholders."
Pilar Drill Highlights:
2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
16.8m @ 0.8 g/t Au and 19 g/t Ag
2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.7 g/t Au
35.1m @ 0.7 g/t Au
2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
15,000m of Historic Core & RC drilling. Highlights include:
61.0m @ 0.8 g/t Au
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
62% Recovery of Gold Achieved Over 46-day Leaching PeriodHead Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
Agitated Bottle Roll Test Returned Rapid and High Recovery Results:
80% Recovery of Gold and94% Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
95 to
99% Recovery of Gold73 to
97% Recovery of SilverIncludes the Recovery of
99% Au and73% Ag from Drill Core Composite at 120-meter depth.
Based on management's strong belief in the project's potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).
About Tocvan Ventures Corp.
Tocvan's advancing gold-silver projects are located in the mine-friendly jurisdiction of Sonora, Mexico. Through ongoing exploration programs, Company is unveiling the high-potential at its Gran Pilar Gold-Silver Project where it holds
Tocvan has approximately 51 million shares outstanding.
Cautionary Statement Regarding Forward Looking Statements
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
For more information, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
SOURCE: Tocvan Ventures Corp
View the original press release on accesswire.com
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