Tocvan Discovers New High-Grade Gold in First Drilling on 100% Controlled Expansion Area. RC Drilling Returns 19.4 g/t Au over 3.1 meters within 106.8 meters of 0.6 g/t Au from Surface
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has announced a significant new gold discovery from Reverse Circulation drilling at its Gran Pilar Gold Silver Project in Sonora, Mexico. The company completed four drill holes totaling 776.2 meters on their 100% controlled expansion area north of known mineralized trends.
Scout hole JES-24-101 discovered high-grade gold, returning 19.8 meters of 3.1 g/t Au from surface, including 3.1m of 19.4 g/t Au, within a broader 106.8-meter section averaging 0.6 g/t Au. This result is the best yet outside the Main Zone and is located 250m from last year's drillhole JES-24-79, which returned 42.7 meters of 1.0 g/t Au.
Another scout hole, JES-24-102, returned 16.8 meters of 0.4 g/t Au and 6 g/t Ag, representing the northernmost successful hit of mineralization on the property. The company plans immediate follow-up drilling to further evaluate the area's potential, with recent surface sampling indicating mineralization continues 700m north and 2,000m east.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) ha annunciato una significativa nuova scoperta d'oro da perforazioni a Circolazione Inversa nel suo Gran Pilar Gold Silver Project in Sonora, Messico. L'azienda ha completato quattro perforazioni per un totale di 776,2 metri nella loro area di espansione controllata al 100% a nord delle tendenze mineralizzate conosciute.
Il foro esplorativo JES-24-101 ha scoperto oro di alta qualità, restituendo 19,8 metri di 3,1 g/t Au dalla superficie, inclusi 3,1m di 19,4 g/t Au, all'interno di una sezione più ampia di 106,8 metri con una media di 0,6 g/t Au. Questo risultato è il migliore finora al di fuori della Zona Principale ed è situato a 250m dal foro di perforazione dello scorso anno JES-24-79, che ha restituito 42,7 metri di 1,0 g/t Au.
Un altro foro esplorativo, JES-24-102, ha restituito 16,8 metri di 0,4 g/t Au e 6 g/t Ag, rappresentando il colpo di mineralizzazione di successo più a nord della proprietà. L'azienda prevede di effettuare immediatamente perforazioni di follow-up per valutare ulteriormente il potenziale dell'area, con recenti campionamenti superficiali che indicano che la mineralizzazione continua a 700m a nord e 2.000m a est.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) ha anunciado un nuevo descubrimiento significativo de oro a partir de perforaciones de Circulación Inversa en su Gran Pilar Gold Silver Project en Sonora, México. La compañía completó cuatro perforaciones que totalizan 776.2 metros en su área de expansión controlada al 100% al norte de las tendencias mineralizadas conocidas.
El agujero exploratorio JES-24-101 descubrió oro de alta ley, arrojando 19.8 metros de 3.1 g/t Au desde la superficie, incluyendo 3.1m de 19.4 g/t Au, dentro de una sección más amplia de 106.8 metros que promedia 0.6 g/t Au. Este resultado es el mejor hasta ahora fuera de la Zona Principal y se encuentra a 250m del agujero de perforación del año pasado JES-24-79, que arrojó 42.7 metros de 1.0 g/t Au.
Otro agujero exploratorio, JES-24-102, arrojó 16.8 metros de 0.4 g/t Au y 6 g/t Ag, representando el hallazgo de mineralización más al norte en la propiedad. La compañía planea realizar perforaciones de seguimiento inmediatas para evaluar aún más el potencial del área, con muestreos recientes de superficie que indican que la mineralización continúa a 700m al norte y 2,000m al este.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF)는 멕시코 소노라에 있는 Gran Pilar Gold Silver Project에서 역순환 드릴링을 통해 중요한 새로운 금 발견을 발표했습니다. 이 회사는 알려진 광물화 경향의 북쪽에 위치한 100% 통제 지역에서 총 776.2미터에 달하는 4개의 드릴 홀을 완료했습니다.
탐사 홀 JES-24-101은 고품질 금을 발견하여, 표면에서 19.8미터의 3.1 g/t Au를 반환했으며, 이 중 3.1미터는 19.4 g/t Au로, 평균 0.6 g/t Au인 106.8미터의 더 넓은 구간 내에 포함됩니다. 이 결과는 메인 존 외부에서 지금까지의 최고의 결과이며, 지난해 드릴 홀 JES-24-79에서 250미터 떨어진 곳에 위치하고 있습니다. JES-24-79는 42.7미터의 1.0 g/t Au를 반환했습니다.
또 다른 탐사 홀 JES-24-102는 16.8미터의 0.4 g/t Au와 6 g/t Ag를 반환하여, 해당 지역에서 북쪽으로 가장 성공적인 광물화 발견을 나타냅니다. 이 회사는 최근 표면 샘플링 결과가 북쪽으로 700미터, 동쪽으로 2,000미터까지 광물화가 계속되고 있음을 나타내므로, 해당 지역의 잠재력을 더욱 평가하기 위해 즉각적인 후속 드릴링을 계획하고 있습니다.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) a annoncé une nouvelle découverte significative d'or grâce à des forages en circulation inverse dans son Gran Pilar Gold Silver Project à Sonora, au Mexique. La société a réalisé quatre forages totalisant 776,2 mètres dans sa zone d'expansion contrôlée à 100 % au nord des tendances minéralisées connues.
Le trou d'exploration JES-24-101 a découvert de l'or de haute qualité, retournant 19,8 mètres de 3,1 g/t Au depuis la surface, y compris 3,1m de 19,4 g/t Au, dans un section plus large de 106,8 mètres avec une moyenne de 0,6 g/t Au. Ce résultat est le meilleur à ce jour en dehors de la zone principale et se situe à 250m du trou de forage de l'année dernière JES-24-79, qui avait retourné 42,7 mètres de 1,0 g/t Au.
Un autre trou d'exploration, JES-24-102, a retourné 16,8 mètres de 0,4 g/t Au et 6 g/t Ag, représentant le coup de mineralisation le plus au nord sur la propriété. La société prévoit des forages de suivi immédiats pour évaluer davantage le potentiel de la zone, des échantillonnages récents en surface indiquant que la minéralisation se poursuit à 700m au nord et 2 000m à l'est.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) hat eine bedeutende neue Goldentdeckung durch Reverse Circulation-Bohrungen in seinem Gran Pilar Gold Silver Project in Sonora, Mexiko, bekannt gegeben. Das Unternehmen hat vier Bohrlöcher mit einer Gesamtlänge von 776,2 Metern in seinem zu 100 % kontrollierten Expansionsgebiet nördlich der bekannten mineralisierten Trends abgeschlossen.
Das Scoutloch JES-24-101 entdeckte hochgradiges Gold und lieferte 19,8 Meter mit 3,1 g/t Au von der Oberfläche, einschließlich 3,1m mit 19,4 g/t Au, innerhalb eines breiteren Abschnitts von 106,8 Metern mit einem Durchschnitt von 0,6 g/t Au. Dieses Ergebnis ist das beste bisher außerhalb der Hauptzone und befindet sich 250m von dem Bohrloch JES-24-79 des letzten Jahres entfernt, das 42,7 Meter mit 1,0 g/t Au lieferte.
Ein weiteres Scoutloch, JES-24-102, lieferte 16,8 Meter mit 0,4 g/t Au und 6 g/t Ag und stellt den nördlichsten erfolgreichen Treffer der Mineralisierung auf dem Grundstück dar. Das Unternehmen plant sofortige Nachbohrungen, um das Potenzial des Gebiets weiter zu bewerten, wobei aktuelle Oberflächenproben darauf hindeuten, dass die Mineralisierung 700m nach Norden und 2.000m nach Osten weitergeht.
- New high-grade gold discovery with 19.4 g/t Au over 3.1 meters
- Broad mineralization of 106.8 meters averaging 0.6 g/t Au from surface
- Best drilling results to date outside of Main Zone
- Expansion of mineralization footprint with northernmost successful hit
- 100% ownership of expansion area covering over 22 square kilometers
- Planning for pilot facility to process up to 50,000 tonnes in 2025
- One drill hole (JES-24-102) was stopped early due to subsurface water intersection
- $130,000 marketing agreement with Evolux Capital for 12-month term
Highlights:
Best Results to Date Outside of Main Zone
250 meters from 2024 drillhole JES-24-79, which returned 42.7 meters of 1.0 g/t Au.
Anomalous Mineralization from Surface to 106.8 meters averaging 0.6 g/t Au
Upper High-Grade Zone Returns 19.8 meters of 3.1 g/t Au
Scout Drilling Intersects Anomalous Gold and Silver
16.8 meters of 0.4 g/t Au and 6 g/t Ag, including 3.1 meters of 2.0 g/t Au
Video Summary: Tocvan Hits High Grade Gold on Expansion Area
CALGARY, AB / ACCESS Newswire / February 25, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce a new discovery from Reverse Circulation (RC) drilling at Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. A total of four drill holes, totaling 776.2 meters were completed on the
"Having an instant new discovery of unique high-grade mineralization on our expansion area is an incredible advancement for our first four drill holes ever in the area." commented, CEO Brodie Sutherland. "We will look to build off this success with continuous testing of the north and eastern extension of mineralization. It is early in our understanding of this new mineralization but its nature suggests further potential of high-grade gold and silver tied to shallow intrusive rocks, that have the potential to host sheeted veins with more high-grade gold. We are preparing for immediate follow-up of these drill targets."
Figure 1. Planview map of the Main Zone area and immediately north where new drilling has discovered the extension of mineralization along parallel trends.
Table 1. Summary of RC Drill Results in today's release.
Figure 2. A 3D North to South Long-Section of the drilled Main Zone area, new drilling has returned significant mineralization the furthest north yet.
Figure 3. Gran Pilar Project Overview, > 22km2 of prospective ground.
Marketing Engagement
The Company announces it has entered into an agreement with Evolux Capital ("Evolux") to provide marketing services to the Company. The services are expected to include the creation and distribution of social media advertising, development and implementation of communications strategies, assisting with brand development, and coordinating with social media and advertising partners.
Evolux is an arm's-length marketing firm and has been engaged for an initial 12-month term ending February, 2026 for total consideration of
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 59 million shares outstanding.
Quality Assurance / Quality Control
Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>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 finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES 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.
Soil Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and multi-element analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal weight. Over limit gold values greater than 1 g/t were re-assayed with a more robust aqua regia digestion ad ICP-MS finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified reference materials were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
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
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SOURCE: Tocvan Ventures Corp
View the original press release on ACCESS Newswire
FAQ
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