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PRESS RELEASE
Tocvan Set to Commence Drilling at Pilar; Signs Long-Term Drill Contract for Sustained Drilling at Pilar and Picacho Gold - Silver Projects
Tocvan Ventures Corp. announces the commencement of reverse circulation drilling at its Pilar gold-silver project in Sonora, Mexico. Cost-effective exploration aims for resource definition and expansion -
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PRESS RELEASE
Tocvan Discovers New Gold - Silver Trend at Picacho Project; Rock Chips Return up to 15.9 g/t Gold, Plus Rock Float with Coarse Visible Gold Specimen Found
Tocvan Ventures Corp. has completed a short surface program at its road accessible Picacho gold-silver project in the mine-friendly State of Sonora, Mexico. Results from the program include 75 rock chip samples with an average grade of 0.6 g/t Au and 2 g/t Ag, with values up to 15.9 g/t Au and 32 g/t Ag. A new mineralized trend extending over 1.6-kilometers in length has been discovered at the property. Visible gold was discovered in a float sample at the San Ramon prospect, located 200-meters from a drill discovery. The company is optimistic about the potential for drill testing across the extensive property and continues to focus on the development of Pilar. Tocvan is aiming to de-risk the Pilar project further with maiden resource estimation and the submission of mine permitting applications in 2024. Key objectives for the year also include continued exploration work on both projects and the submission of technical studies and environmental impact assessments. -
PRESS RELEASE
Tocvan Provides 2023 Year in Review and 2024 Outlook
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), pleased to provide an annual summary of 2023 and plans for an active 2024. The Company completed major milestones at its fully road accessible Pilar and Picacho gold-silver projects in Sonora, Mexico. The year started off with a new discovery at Picacho, identifying at surface gold and silver mineralization. Metallurgical work at Pilar showcased the high recovery potential and the bulk sample successfully recovered gold and silver at scale. More work is scheduled in 2024 to continue to advance our understanding of the recovery potential. Tocvan's primary objectives for 2024 are to de-risk the Pilar project further with maiden resource estimation and the submission of mine permitting applications. The ongoing LiDAR survey will be used as the base map for mine development design and planning, an integral part to the next phase of the permitting process. Hydrological and environmental studies are scheduled to complete the MIA. While the permits are in process the Company will evaluate the need and timing for a maiden PEA to assist in securing later mine construction financing. Other objectives include the advancement of priority drill targets within the new expansion area at Pilar and the continuation of exploration work on both projects. Tocvan Ventures Corp. is well-positioned to take advantage of opportunities in the mining exploration sector, with an extensive portfolio of projects in Sonora, Mexico.
