Calgary, Alberta – TheNewswire – March 30, 2022 Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the first drilling results from the Pilar Au-Ag project in Sonora, Mexico. Results for the first three boreholes are provided in this release, a total of 513.3 meters of drilling in the main zone (see Figure 1). A total of 1,540 meters of Phase III wells have been completed in nine wells providing key information about the main zone and 4-T Trend. Borehole JES-22-58 cut 21.7 meters of 0.94 g/t Au, including 4.0 meters of 4.3 g/t Au and 7 g/t Ag. JES-22-58 was a diamond borehole to confirm host rock and structure of the Local Reverse Circulation (“RC”) Borehole JES-20-36 containing 24.4 meters of 2.5 g/t Au and 73 g/t Ag cross section, including a high-grade 1.5 meter interval of 33.4 g/t Au and 1,090 g/t Ag.
“Core drilling continues to demonstrate the continuity and strength of oxide-gold-silver mineralization at Pilar,” said Brodie Sutherland, CEO. “Crossing another broad low-grade zone with a high-grade core is extremely encouraging as we strive to increase our understanding of the main zone and move the project to the next stage of development. With more results pending, we look forward to the next to outline steps for expansion at Pilar.”
Discussion of significant results
Nine wells totaling more than 1,540 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.
The confirmation of the host rock and structure through the main zone was completed with core drilling, targeting key areas where previous RC drillings have intersected significant gold-silver mineralization. Borehole JES-22-58 was successful in intersecting a significant zone of oxide gold with broad mineralization in a silicified brecciated andesite host (33.3 meters of 0.63 g/t Au, including 21.7 meters of 0.94 g/t t Au). The junction included a high-grade center of intensely silicified breccia vein with a gradation of 4.3 g/t Au and 7 g/t Ag over 4.0 meters. This breccia vein correlates with the high-quality mineralization seen in RC hole JES-20-36, which returned 1.5 meters at 33.4 g/t Au and 1090 g/t Ag.
Figure 1. Map of phase III boreholes.
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Table 1. Summary of Phase III exercise results.
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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 24,200 m of drilling has been completed 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
17,700 m of historic Core RC drilling. 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 the 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 reached.
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 Company’s stage of development 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
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This post Tocvan drills 21.7 meters of 0.94 g/t Oxide Au including 4.0 meters of 4.3 g/t Au and 7 g/t Ag at Pilar. was original published at “https://www.benzinga.com/22/04/26440457/tocvan-drills-21-7-meters-of-0-94-gt-oxide-au-including-4-0-meters-of-4-3-gt-au-and-7-gt-ag-at-pilar”