Tocvan Surface Exploration Expands Targets at Gran Pilar Gold Silver Project
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 ha annunciato nuovi risultati di esplorazione superficiale dal suo Progetto Gran Pilar Gold Silver in Sonora, Messico. L'azienda ha identificato quattro nuove aree target nel Blocco Meridionale, che si estende su 1,8 km per 1,0 km, con campioni di roccia che hanno restituito fino a 3,1 g/t Au, 64 g/t Ag, 0,67% Cu e 0,92% Pb. Un'ulteriore area inesplorata di 2,1 km per 1,4 km rimane a est.
Le perforazioni nel Core stanno proseguendo nella Zona Principale di Pilar, con quattro fori completati per un totale di oltre 408 metri. L'azienda punta a costruire un modello geologico più solido nell'area. I punti salienti delle perforazioni precedenti includono intersezioni di 42,7 m @ 1,0 g/t Au e 56,4 m @ 1,0 g/t Au. L'azienda prevede di processare fino a 50.000 tonnellate di materiale attraverso un impianto pilota, con lo sviluppo previsto per iniziare all'inizio del 2025.
Tocvan Ventures ha anunciado nuevos resultados de exploración superficial de su Proyecto Gran Pilar Gold Silver en Sonora, México. La compañía ha identificado cuatro nuevas áreas objetivo en el Bloque Sur, que abarcan 1.8 km por 1.0 km, con muestras de roca que rinden hasta 3.1 g/t Au, 64 g/t Ag, 0.67% Cu y 0.92% Pb. Una zona inexplorada adicional de 2.1 km por 1.4 km permanece al este.
La perforación en el área principal de Pilar está en curso, con cuatro agujeros completados que suman más de 408 metros. La compañía tiene como objetivo construir un modelo geológico más robusto en la región. Los puntos destacados de perforaciones anteriores incluyen intersecciones de 42.7 m @ 1.0 g/t Au y 56.4 m @ 1.0 g/t Au. La compañía planea procesar hasta 50,000 toneladas de material a través de una instalación piloto, con el desarrollo previsto para comenzar a principios de 2025.
Tocvan Ventures는 멕시코 소노라에 위치한 그란 필라 금-은 프로젝트의 새로운 표면 탐사 결과를 발표했습니다. 회사는 1.8km x 1.0km에 걸쳐 있는 남부 블록에서 4개의 새로운 타겟 지역을 확인했으며, 암석 조각에서 최대 3.1 g/t Au, 64 g/t Ag, 0.67% Cu 및 0.92% Pb가 나왔습니다. 동쪽에는 추가적으로 2.1km x 1.4km의 미탐사 지역이 남아 있습니다.
필라의 주요 지역에서 코어 드릴링이 진행 중이며, 총 408미터 이상을 포함한 4개의孔가 완공되었습니다. 회사는 이 지역에서 보다 견고한 지질 모델을 구축하는 것을 목표로 하고 있습니다. 이전 드릴링의 주요 하이라이트에는 42.7m @ 1.0 g/t Au와 56.4m @ 1.0 g/t Au의 교차점이 포함됩니다. 회사는 2025년 초에 개발을 시작할 예정인 파일럿 시설을 통해 최대 50,000톤의 자재를 처리할 계획입니다.
Tocvan Ventures a annoncé de nouveaux résultats d'exploration de surface de son projet Gran Pilar Gold Silver dans l'État de Sonora, au Mexique. La société a identifié quatre nouvelles zones cibles dans le Bloc Sud, s'étendant sur 1,8 km par 1,0 km, avec des échantillons rocheux donnant jusqu'à 3,1 g/t Au, 64 g/t Ag, 0,67% Cu et 0,92% Pb. Une zone inexplorée supplémentaire de 2,1 km par 1,4 km reste à l'est.
Le forage au cœur de la zone principale de Pilar est en cours, avec quatre trous complétés totalisant plus de 408 mètres. L'entreprise vise à construire un modèle géologique plus solide dans la région. Les faits saillants des précédentes forages incluent des intersections de 42,7 m @ 1,0 g/t Au et 56,4 m @ 1,0 g/t Au. L'entreprise prévoit de traiter jusqu'à 50 000 tonnes de matériel à travers une installation pilote, avec un développement prévu pour commencer au début de 2025.
Tocvan Ventures hat neue Oberflächenuntersuchungsergebnisse aus ihrem Gran Pilar Gold Silver-Projekt in Sonora, Mexiko, bekannt gegeben. Das Unternehmen identifizierte vier neue Zielgebiete im Südblock, der sich über 1,8 km x 1,0 km erstreckt, mit Gesteinsproben, die Werte von bis zu 3,1 g/t Au, 64 g/t Ag, 0,67% Cu und 0,92% Pb erbrachten. Zusätzlich bleibt ein weiteres unerforschtes Gebiet von 2,1 km x 1,4 km im Osten.
In der Hauptzone von Pilar wird weiterhin gebohrt, wobei vier Bohrungen insgesamt über 408 Meter abgeschlossen wurden. Das Unternehmen hat zum Ziel, ein robusteres geologisches Modell für das Gebiet zu entwickeln. Frühere Bohrhighlights umfassen Schnittstellen von 42,7 m @ 1,0 g/t Au und 56,4 m @ 1,0 g/t Au. Das Unternehmen plant, bis zu 50.000 Tonnen Material über eine Pilotanlage zu verarbeiten, deren Entwicklung voraussichtlich Anfang 2025 beginnt.
- Identification of four new target areas expanding exploration potential
- Strong drilling results with intersections up to 42.7m @ 1.0 g/t Au
- High recovery rates in metallurgical studies (95-99% gold, 73-97% silver)
- Planned pilot facility for processing 50,000 tonnes of material
- Core drilling results pending assay confirmation
- Large unexplored areas requiring additional investment and time
Highlights:
Surface Sample Results Yield More Targets in Southern Expansion Block
Four New Target Areas Identified
Rock Chips Up to 3.1 g/t Au, 64 g/t Ag,
0.67% Cu and0.92% Pb
Core Drilling Ongoing at Pilar's Main Zone, Four (4) Holes Completed to Date
HERMOSILLO, MEXICO / ACCESS Newswire / January 22, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce new surface exploration results from its Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. A total of 188 rock samples and 9 infill soil samples were analyzed from the Southern Block of the
Core drilling continues at Pilar's Main Zone where four drillholes have been completed so far totaling over 408-meters. As drilling continues logging and sample preparation is underway to evaluate the core results for incorporation into a resource model. The aim of the core program is to build out a more robust geological model across the area. Each hole completed has successfully intersected lithologies and structures (vein zones, breccia zones and/or large fault gouges) known to host and control gold - silver mineralization at Pilar that will aid in modelling. The Company cautions these are visual indications, assay results are pending to verify the grade of mineralization. RC drilling will recommence shortly on the expansion area to continue to test the northern extension of mineralization.
"The latest surface exploration results are adding to our list of targets across the Southern Block." commented, CEO Brodie Sutherland. "Given how early we are in development of this area, it has yielded encouraging results across a large footprint that extends two kilometers east and 900-meters north of our Main Zone. What excites us about these targets is the fact that back at our Main Zone historic sampling yielded similar results where there is significant exposure across roadcuts and trenches. Here in the Expansion Area, we are only seeing naturally exposed windows into the subsurface, we will look to advance these through trenching and drilling this year. Much of the southern area now has road access, speeding up the advancement of the area. The Southern Block has kept us occupied, we have not yet begun to detail sample and evaluate the potential of the Northern Block. Early recon sampling has shown significant potential for a large-scale epithermal system, we think is separate to what is observed to the south proximal to our Main Zone. Field observations lead us to believe the two areas represent potential for two separate mineralized systems across the project area greatly expanding our resource potential."
Figure 1. Surface Rock Sampling Results from Gran Pilar Southern Block.
Figure 2. Soil Sampling Results from Gran Pilar Southern Block.
Table 1. Summary of Top Rock Sample Results from Latest Exploration Work across Gran Pilar.
Table 2. Summary of new infill soil sample results from Gran Pilar.
Figure 3. Gran Pilar Project Overview, > 22km2 of prospective ground.
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
Quality Assurance / Quality Control
Rock 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
What are the latest surface sampling results from TCVNF's Gran Pilar project?
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