Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tocvan Ventures (TOC) is preparing to launch the initial bulk sample at its Pilar Gold-Silver Project in Sonora, Mexico
  • The Vancouver-based mineral exploration firm will extract up to 1,000 tonnes of oxide-gold material
  • Material will come from select areas where preliminary studies have returned promising head-grade and recovery results
  • Bulk sample material will be extracted and prepared in February for processing by heap-leach method at a private mining operation nearby
  • Tocvan Ventures is up 6.56 percent, trading at $0.65 at 1:09 p.m. EST

Tocvan Ventures (TOC) is preparing to launch the initial bulk sample at its Pilar Gold-Silver Project in Sonora, Mexico.

The Vancouver-based mineral exploration firm will extract up to 1,000 tonnes of oxide-gold material. That material will come from select areas exposed at surface across the project area, focusing on the Main Zone and 4-T Trends, where preliminary column leach studies have returned promising head-grade and recovery results.

Bulk sample material will be extracted and prepared in February for processing by heap-leach method at a private mining operation less than 25 kilometres to the west of Pilar.

Results from the sample will provide a more detailed account of the expected head grade and recovery percentage of gold, along with providing key information to optimize future production facilities

“We are excited for this important next step at Pilar that will enhance our understanding of mineralization and open the door to new opportunities,” said CEO Brodie Sutherland.

“Information collected from the bulk sample and metallurgical test work will give investors even more confidence in the potential of the project and show the possibilities to produce gold and silver from Pilar. In addition, it will prove Pilar is an attractive target for other producers of oxide-gold in the region. All during a time when we are seeing a renewed interest in precious metals through strong gold and silver prices. Beyond the bulk sample, there remains a tremendous opportunity to expand the mineralized area at Pilar. A large part of the 1.2-kilometre corridor remains untested and open for exploration and expansion. In tandem, we are seeing great early results from our El Picacho Project. We recently completed a successful first round of drilling, confirming our model and discovering significant near-surface mineralization stepped out from historic workings.”

The Pilar Gold-Silver property has recently returned some of the company’s best drill results. 

Tocvan Ventures is up 6.56 percent, trading at $0.65 at 1:09 p.m. EST.


More From The Market Herald

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.
First Hydrogen Corp. - CEO of Automotive, Steve Gill.

" First Hydrogen (TSXV:FHYD) unveils next gen FCEV images

First Hydrogen (FHYD) has received the initial Generation II images for its hydrogen fuel cell vehicle (FCEV), designed in collaboration with EDAG Group.

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in