Tocvan drills 108.6 meters 0.8 g/t Au, including 9.4 meters 7.6 g/t Au in 125 meters Step-Out at Pilar. Discovered New Main Zone Expansion

Calgary, Alberta – TheNewswire – Apr 26, 2022 Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the drilling results of the Pilar Au-Ag project in Sonora, Mexico. Results for core borehole JES-22-62 are given in this release, a 125 m southeast outreach of hole JES-22-59 (116.9 m at 1.2 g/t Au), filling a gap 100 m west of hole JES 21-47 (47.3 m at 0.7 g/t Au, see figure 1). JES-22-62 yielded 108.6 meters at 0.8 g/t Au and 3 g/t Ag, including 31.9 meters at 2.4 g/t Au and 2 g/t Ag. Within the wider mineralized interval, consistent high grade gold mineralization was recorded in a silicified sulfide containing breccia returning 9.4 meters at 7.6 g/t Au and 5 g/t Ag (see Table 2).

A total of 1,562 meters of Phase III drilling has been completed in nine boreholes providing key information about the main zone and 4-T Trend. Results for four boreholes are pending.

Drill Highlights

JES-22-62 (Core)

“We consider this new discovery of high-quality breccia-hosted mineralization in trend with our main zone as one of our most significant findings to date,” said Brodie Sutherland, CEO. “It also confirms that our exploration model for targeting Pilar is effective in defining and expanding our mineralized zones. Previous drilling had provided good evidence of mineralization through this 200-meter gap area, but this is the first significant interval to date.” , and to date the furthest mineralization recorded in the Southwest. Borehole JES-22-62 expands our main zone and further confirms that there is more to explore in Pilar. We look forward to hearing the remaining borehole data to review as they become available and plan our next steps with Pilar.”

Discussion of results

Nine boreholes totaling more than 1,562 meters have been completed as part of the Phase III program (Figure 1). Drilling appeared to extend the main zone through 25, 50 and 100 m step-outs to the southeast into a low-drilling fissure zone, targeting the main trend between hole JES-20-32 (94.6 m by 1.6 m). g/t Au) and hole JES-21-50 (39.7 m at 0.96 g/t Au). The drilling also included the 4-T Trend tests under trench T-21-3, which returned 19.5 meters at 0.61 g/t Au.

Borehole JES-22-62 was successful in intersecting a significant zone of gold with broad mineralization in a silicified andesite host (108.9 meters 0.8 g/t Au, including 31.9 meters 2.4 g/t Au) . The intersection included a high-quality breccia zone with a division of 7.6 g/t Au and 5 g/t Ag over 9.4 meters. The wider low-grade interval correlates with mineralization in the Main Zone Trend, the established center of mineralization in Pilar. Results are pending for two holes on this trend either side of JES-22-62. Historic borehole JES-18-3 intersects a high-grade Au-Ag zone and returns 13.5 meters of 5.6 g/t Au and 21 g/t Ag, 75 meters east of JES-22-62. This indicates that there are other parallel high-value zones in the area.

Figure 1. Map of phase III boreholes.


Click the image to view full size

Table 1. Summary of JES-22-62 drilling results.

Hole ID

from (m)

to (m)

Width (m)*

Au (g/t)

Ag (g/t)

JES-22-62

38.65

157.30

118.65

0.74

3.11

including

48.70

157.30

108.60

0.81

2.91

including

125.40

157.30

31.90

2.37

2.21

including

144.80

154.22

9.42

7.63

5.27

*Reported latitudes are apparent latitudes, JES-22-62 was drilled at a 60 degree slope and is believed to be nearly perpendicular to the dip of mineralized structural trends.

Figure 2. Cross section of JES-22-62.

­
Click the image to view full size

Table 2. Summary of the results of the high-grade breccia zone.


Hole ID

Sample ID

from (m)

to (m)

Interval (m)

Au (g/t)

Ag (g/t)

JES-22-62

331179

143.50

144.80

1.30

0.32

0.70

331180

144.80

145.50

0.70

8.26

4.90

331181

145.50

147.50

2.00

13.10

2.60

331182

147.50

149.50

2.00

3.22

1.40

331183

149.50

150.50

1.00

9.07

3.00

331184

150.50

152.40

1.90

6.14

14.90

331185

152.40

154.22

1.82

7.01

3.80

331187

154.22

155.30

1.08

0.28

0.25

Plate 1. Photo of Core of JES-22-62.

A. Sections from 146.6 m to 152.5 m, silicified mineralized breccia,

part of high-grade interval, 9.4 m at 7.6 g/t Au and 5 g/t Ag.


Click image to view full size
Click the image to view full size

May’s webinar

The company is hosting an investor webinar on Thursday, May 12 at 2:15 PM CST. Sign up as we’ll discuss the company’s way forward:

https://meet.zoho.com/VGAMMqyhNZ

About the Pilar Property

The Pilar Gold-Silver property is interpreted as a structurally controlled low sulfidation epithermal project hosted in andesite rocks. Three zones of mineralization have been identified in the northwest portion of the property of 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 a general NW-SE trend of mineralization. More than 20,700 m have been drilled to date. Key results are highlighted below:

2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):

39.7 m @ 0.96 g/t Au, including 1.5 m @ 14. g/t Au

47.7 m @ 0.70 g/t Au including 3 m @ 5.6 g/t Au and 22 g/t Ag

29m @ 0.71g/t Au

35.1 m @ 0.66 g/t Au

2020 Phase I RC Drilling Highlights Include (All lengths are drilled thicknesses)

94.6 m @ 1.6 g/t Au, including 9.2 m @ 10.8 g/t Au and 38 g/t Ag;

41.2 m @ 1.1 g/t Au, including 3.1 m @ 6.0 g/t Au and 12 g/t Ag ;

24.4 m @ 2.5 g/t Au and 73 g/t Ag, including 1.5 m @ 33.4 g/t Au and 1090 g/t Ag

Historic Core RC drills. Highlights include:

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration development company. Tocvan was created to take advantage of the prolonged downturn in the substructure mining exploration industry by identifying and negotiating interest in opportunities that management believes can build on past success. Tocvan has approximately 32 million shares outstanding and earns 100% from two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver Project and the El Picacho Gold-Silver Project. Management believes that both projects present a great opportunity to create shareholder value.

Quality Assurance / Quality Control

RC chips and core samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS lab in North Vancouver. The facilities at ALS Hermosillo and North Vancouver are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using a 50 gram nominal weight burn test with atomic absorption spectroscopy. The limits for gold (>10 g/t), were analyzed using a burn test with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Silver over-limit analyzes (>100 g/t) were retested using an ore grade four-acid digestion with ICP-AES finish. Control samples consisting of certified reference samples and blank samples were systematically introduced into the sample stream and analyzed as part of the company’s robust quality assurance/quality control protocol.

Brodie A. Sutherland, P.Geo., CEO of 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.

Warning Regarding Forward-Looking Statements

This press release contains “forward-looking information”, which may include, but is not limited to, statements regarding activities, events or developments that the company expects or expects to occur in the future. Forward-looking information in this press release includes statements regarding the use of the proceeds of the Offering. Such forward-looking information is often, but not always, identified through the use of words and expressions such as “plan,” “expect,” “expect,” “budget,” “plan,” “estimate,” “forecast,” “of intends”, “anticipates”, “believes” or variations (including negative variations) of such words and expressions, or states that certain actions, events or results “may”, “could”, “should”, “should” or ” will” be taken, take place or be achieved.

These forward-looking statements and any assumptions on which they are based are made in good faith and reflect our current opinion as to the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information includes known and unknown risks, uncertainties and other factors that could cause the company’s actual results, performance or performance to differ materially from future results, performance or performance 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 stage of development of the Company and the Company’s financial position. Forward-looking statements in this document are made as of the date of this press 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 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 the results 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

Phone: 1 888 772 2452

Email: ir@tocvan.ca

Copyright (c) 2022 TheNewswire – All rights reserved.

The preceding article is from one of our external contributors. It does not represent Benzinga’s opinion and has not been edited.


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