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  • Tocvan Ventures (TOC) has received permits for additional drill pads and trenches at its flagship Pilar Gold-Silver Project
  • The additional drill pads will be utilized during the current drill program and a Phase III program planned for the fall of 2021
  • The seven trenches will provide up to 3,500 tonnes of material for metallurgical test work
  • Fifteen drill holes have been completed for a total of 2,370 meters
  • Tocvan is pleased to announce it has applied for the listing of its common shares on the OTCQB® Venture Market and DTC eligibility
  • Tocvan is an early-stage natural resource company
  • Tocvan Ventures Corp. (TOC) is unchanged, trading at C$1.00 per share at 10:45 am ET

Tocvan Ventures (TOC) has received permits for an additional 44 drill pads and 7 trenches at its flagship Pilar Gold-Silver Project.

The additional drill pads will be utilized during both the current drill program and a Phase III program planned for the fall of 2021.

The trenches are permitted to be five meters by two meters by twenty meters in size and will be utilized later in the year to channel sample across key mineralized sections on the property and to submit bulk sample material for column leach metallurgical analysis.

The seven trenches will provide up to 3,500 tonnes of material for metallurgical test work and bulk sampling, ultimately leading towards a larger bulk sample.

Drill Program Update

To date, fifteen drill holes have been completed for a total of 2,370 meters (Figure 1).

Samples for the first seven holes have been submitted to ALS Labs in Hermosillo.

Early drilling focused on the extension of the Main Zone, testing down-dip extensions of mineralization in addition to stepping out along strike. Drill targeting has now shifted towards testing new areas along the 4-Trench Extension and Triple Vein Zone areas.

“As our current drill program advances we are extremely pleased with our field crews’ efforts”, commented VP Exploration, Brodie Sutherland. “In addition, we are excited to have received new drill and trench permits for Pilar to allow for the continued exploration and advancement of the project. The next phase of drilling and trenching will be an important next step for the company and will provide key information as we move towards development.”

Corporate Update

Tocvan is pleased to announce it has applied for the listing of its common shares on the OTCQB® Venture Market, in addition to applying for eligibility with the Depository Trust Company.

The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.

Tocvan will continue to trade on the CSX Canadian Securities Exchange under its symbol “TOC”.

Figure 1

About the Pilar Property

The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite rocks. Three zones of mineralization have been identified in the northwest part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 19,200 m of drilling have been completed to date.

Significant results are highlighted below:

  • – 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 @ 6.0g/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
    – 17,700m of Historic Core & RC drilling. Highlights include:
    • – 61.0m @ 0.8 g/t Au– 16.5m @ 53.5g/t Au and 53 g/t Ag– 13.0m @ 9.6 g/t Au– 9.0m @ 10.2 g/t Au and 46 g/t Ag

Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the Main Zone and 4-Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE Vein Zone and 4 Trench Extension.

Tocvan is an early-stage natural resource company engaged primarily in the acquisition, exploration and, if warranted, development of mineral properties.

Tocvan Ventures Corp. (TOC) is unchanged, trading at C$1.00 per share at 10:45 am ET.

 

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