Tocvan Drilling Update Gran Pilar Gold – Silver Project Provides Corporate Update and Webinar Announcement
Tocvan Ventures Corp. (TCVNF) reports ongoing RC drilling progress at their Gran Pilar Gold-Silver Project in Sonora, Mexico. The company has completed 712.2 meters across five drill holes in the expansion area, with samples from three holes currently at the lab for analysis.
The company announced warrant amendments affecting 6.6 million warrants, extending their expiry to June 2026 and reducing some exercise prices to CAD $0.90. Since March 20, 2025, 778,025 warrants were exercised, raising CAD $403,411.25.
Recent drilling highlights include intersections of 42.7m @ 1.0 g/t Au (including 3.1m @ 10.9 g/t Au) and 56.4m @ 1.0 g/t Au (including 3.1m @ 14.7 g/t Au). The company plans to develop a pilot facility at Pilar to process up to 50,000 tonnes of material, with previous metallurgical studies showing gold recovery rates of 95-99%.
Tocvan Ventures Corp. (TCVNF) comunica i progressi continui nelle perforazioni RC presso il loro progetto Gran Pilar Gold-Silver in Sonora, Messico. L'azienda ha completato 712,2 metri distribuiti su cinque fori di perforazione nell'area di espansione, con campioni di tre fori attualmente in laboratorio per l'analisi.
La società ha annunciato modifiche ai warrant che riguardano 6,6 milioni di warrant, estendendo la loro scadenza a giugno 2026 e riducendo alcuni prezzi di esercizio a CAD $0,90. Dal 20 marzo 2025, sono stati esercitati 778.025 warrant, raccogliendo CAD $403.411,25.
I risultati recenti delle perforazioni includono intersezioni di 42,7 m @ 1,0 g/t Au (inclusi 3,1 m @ 10,9 g/t Au) e 56,4 m @ 1,0 g/t Au (inclusi 3,1 m @ 14,7 g/t Au). La società prevede di sviluppare un impianto pilota a Pilar per trattare fino a 50.000 tonnellate di materiale, con studi metallurgici precedenti che hanno mostrato tassi di recupero dell'oro tra il 95% e il 99%.
Tocvan Ventures Corp. (TCVNF) informa sobre el progreso continuo de la perforación RC en su Proyecto de Oro y Plata Gran Pilar en Sonora, México. La compañía ha completado 712,2 metros distribuidos en cinco perforaciones en el área de expansión, con muestras de tres perforaciones actualmente en laboratorio para análisis.
La empresa anunció modificaciones a los warrants que afectan a 6,6 millones de warrants, extendiendo su vencimiento hasta junio de 2026 y reduciendo algunos precios de ejercicio a CAD $0.90. Desde el 20 de marzo de 2025, se ejercieron 778,025 warrants, recaudando CAD $403,411.25.
Los aspectos destacados recientes de la perforación incluyen intersecciones de 42,7 m @ 1,0 g/t Au (incluyendo 3,1 m @ 10,9 g/t Au) y 56,4 m @ 1,0 g/t Au (incluyendo 3,1 m @ 14,7 g/t Au). La compañía planea desarrollar una planta piloto en Pilar para procesar hasta 50,000 toneladas de material, con estudios metalúrgicos previos que mostraron tasas de recuperación de oro del 95% al 99%.
Tocvan Ventures Corp. (TCVNF)는 멕시코 소노라에 위치한 Gran Pilar 금-은 프로젝트에서 진행 중인 RC 시추 작업 현황을 보고했습니다. 회사는 확장 구역에서 5개의 시추공을 통해 총 712.2미터를 완료했으며, 현재 3개 시추공의 샘플이 분석을 위해 실험실에 있습니다.
회사는 660만 개의 워런트에 영향을 미치는 워런트 수정 사항을 발표했으며, 만료일을 2026년 6월로 연장하고 일부 행사가격을 CAD $0.90으로 낮췄습니다. 2025년 3월 20일부터 778,025개의 워런트가 행사되어 CAD $403,411.25를 조달했습니다.
최근 시추 하이라이트는 42.7m @ 1.0 g/t Au (그중 3.1m @ 10.9 g/t Au 포함) 및 56.4m @ 1.0 g/t Au (그중 3.1m @ 14.7 g/t Au 포함)의 교차 구간을 포함합니다. 회사는 필라에 파일럿 시설을 개발하여 최대 50,000톤의 물질을 처리할 계획이며, 이전의 야금학 연구에서는 금 회수율이 95-99%로 나타났습니다.
Tocvan Ventures Corp. (TCVNF) annonce les progrès continus des forages RC sur leur projet Gran Pilar Or-Argent à Sonora, Mexique. La société a complété 712,2 mètres répartis sur cinq trous de forage dans la zone d'expansion, avec des échantillons de trois trous actuellement en laboratoire pour analyse.
La société a annoncé des modifications des bons de souscription affectant 6,6 millions de bons, prolongeant leur échéance jusqu'en juin 2026 et réduisant certains prix d'exercice à 0,90 CAD. Depuis le 20 mars 2025, 778 025 bons ont été exercés, levant 403 411,25 CAD.
Les points forts récents des forages incluent des intersections de 42,7 m @ 1,0 g/t Au (dont 3,1 m @ 10,9 g/t Au) et 56,4 m @ 1,0 g/t Au (dont 3,1 m @ 14,7 g/t Au). La société prévoit de développer une installation pilote à Pilar pour traiter jusqu'à 50 000 tonnes de matériau, avec des études métallurgiques antérieures montrant des taux de récupération de l'or de 95 à 99 %.
Tocvan Ventures Corp. (TCVNF) berichtet über den fortschreitenden RC-Bohrfortschritt bei ihrem Gran Pilar Gold-Silber-Projekt in Sonora, Mexiko. Das Unternehmen hat 712,2 Meter verteilt auf fünf Bohrlöcher im Expansionsgebiet abgeschlossen, wobei Proben von drei Löchern derzeit im Labor zur Analyse sind.
Das Unternehmen gab Änderungen bei 6,6 Millionen Warrants bekannt, die deren Ablauf bis Juni 2026 verlängern und einige Ausübungspreise auf CAD $0,90 senken. Seit dem 20. März 2025 wurden 778.025 Warrants ausgeübt, wodurch CAD $403.411,25 eingenommen wurden.
Die jüngsten Bohrergebnisse beinhalten Abschnitte von 42,7 m @ 1,0 g/t Au (darunter 3,1 m @ 10,9 g/t Au) und 56,4 m @ 1,0 g/t Au (darunter 3,1 m @ 14,7 g/t Au). Das Unternehmen plant, eine Pilotanlage in Pilar zu errichten, um bis zu 50.000 Tonnen Material zu verarbeiten, wobei frühere metallurgische Studien Goldrückgewinnungsraten von 95-99 % zeigten.
- Strong metallurgical results with 95-99% gold recovery rates
- Significant drill intersections including 42.7m @ 1.0 g/t Au
- Successful warrant exercise raising CAD $403,411.25
- Advancing towards pilot production facility for 50,000 tonnes
- Warrant exercise price reduced from $1.40 to $0.90, indicating potential share price pressure
- Additional marketing expenses with new IR firm engagement at $12,500 CAD monthly
Highlights:
RC Drilling Ongoing on Expansion Area
Five holes, totaling 712 meters completed to date
First three holes at the lab for analysis, results pending
Webinar to detail expansion plans including near-term pilot mine
Scheduled for Friday, May 2nd 10am MT
Sign up here: Webinar
CALGARY, AB / ACCESS Newswire / April 24, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN: TV3/A2PE64), continues to make significant strides drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Current drilling is focused on the
Figure 1. Planview map of Gran Pilar's southwest corner where current RC drilling is active. Blue traces have been completed. Red traces are pending to be drilled.
Figure 2. Gran Pilar Project Overview, > 22km2 of prospective ground with two primary targets: South Block, the direct extension and expansion of the historic Main Zone defined by an expanding vein field of untested drill targets; North Block a 3.2-km by 1.5-km pyrite and clay alteration zone that coincides with high-grade gold-silver, the area remains largely untested.
Warrant Update
The Company is also pleased to announce that it will amend the terms of 6,626,980 common share purchase warrants (the "Warrants"). The Warrants were previously issued at exercise prices per share of CDN
(i) an extension to the expiry date of 1,713,490 Warrants exercisable at
(ii) an extension to the expiry date of 1,713,490 Warrants exercisable at
(iii) an extension to the expiry date of 3,200,000 Warrants exercisable at
(iv) a reduction of the exercise price to CDN
The Proposed Amendments are subject to the approval of the Canadian Securities Exchange (the "CSE"). Subject to the approval of the CSE, the Proposed Amendments will become effective automatically as of the new date and time of expiry of the Warrants. Prior to the original date and time of expiry of the Warrants, the Warrants will remain in force, unamended, per their original terms and conditions. None of the Warrants are beneficially owned, directly or indirectly, by related parties of the Company and none of the Warrants are listed on the CSE. The Proposed Amendments do not apply to any Warrants issued to finders or agents as compensation.
Holders of the Warrants may contact the Company at ir@tocvan.ca should they have any questions or wish to exercise their Warrants. Subject to the amendments becoming effective, the original certificate representing the Warrants, together with a duly completed exercise form, will be accepted together with payment made to Tocvan Ventures Corp., in accordance with the instructions provided on the certificate representing the Warrants.
Since March 20, 2025, the Company has seen a total of 778,025 warrants exercised totaling
Marketing Engagement
The Company announces it has engaged SmartIR Marketing LTD for marketing and investor relations services for an initial 6-month term ending in August 2025. The contract includes data-driven services for: Digital Advertising; Email and Social Media Outreach; Messaging Optimization; Website Management; Brand Management and Public Relations. SmartIR will be compensated
In addition, the Company is providing more information on the previously announced engagement with Aktiencheck.de AG. The Company has engaged Aktiencheck.de AG to write website articles related to the Company's news updates. On March 19, 2025, a fee of 5,000.00 Euros was paid for the distribution of news. There is no formal agreement, both parties have agreed to a pay per use arrangement where future articles may be published. Some articles may be available on wallstreet-online.de. Information on Aktiencheck can be found here: Aktiencheck.de The Company has not issued any shares in consideration for services. Aktiencheck is not considered a related party. Address: Aktiencheck.de AG, Bahnhofstraße 6, 56470 Bad Marienberg, Deutschland. Contact Information: Stefan Lindam; Phone: +49 2661 9890020 Email: stefan.lindam@aktiencheck.de
Gran 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 59.7 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
1150, 707 - 7 Ave SW
Calgary, Alberta T2P 3H6
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
STAY CONNECTED:
LinkedIn: TOC LinkedIn
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Facebook: TOC Facebook
YouTube: TOC YouTube
Web: tocvan.com
SOURCE: Tocvan Ventures Corp
View the original press release on ACCESS Newswire
FAQ
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