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Tocvan Ventures Corp. closes the first tranche of a private placement, raising $2.1 million. The Offering included a significant investment from a UK-based institutional investor, Sorbie Bornholm LP. The Company issued 5,999,514 Units at $0.35 per Unit, with each Unit consisting of one Common Share and one Warrant. The CEO, Brodie Sutherland, expressed satisfaction with the support from existing and new shareholders as they progress their projects. The company also paid commissions to finders and issued Finders' Warrants. The Offering proceeds will be used to advance the Pilar and Picacho Au-Ag projects in Sonora, Mexico.
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Tocvan Ventures Corp. provided a corporate update by filing an amended and restated offering document for a non-brokered private placement. The document addresses regulatory comments regarding working capital without any other changes.
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Tocvan Ventures Corp. announces the discovery of a placer gold source, expanding the mineralized footprint of the Greater Pilar Gold-Silver System by 3x in Mexico. Surface rock samples show high values of gold and silver, with up to 7.3 g/t Au and 389 g/t Ag. The company has 100% interest in the new area, which has seen no previous exploration. The discovery opens up potential for a larger mineralized system at Pilar, with plans for drilling in the future.
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Tocvan Ventures Corp. announces a non-brokered private placement of $2.25 million with institutional and eligible investors. The proceeds will fund work programs in Mexico, including drilling and annual concession fees for the Pilar Gold Silver property.
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Tocvan Ventures Corp. announces the restart of drilling at the Pilar gold-silver project in Sonora, Mexico. The company plans to drill 7,000 meters, with 4,000 meters for infill drilling and 3,000 meters for exploration. The drilling aims to define a maiden resource estimate for the Pilar Main Zone. The first drill hole follows up on a successful previous hole, with drilling already in progress.
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Tocvan Ventures Corp. enters a joint venture with Colibri Resources for the Original Pilar Concessions, highlighting benefits for shareholders. The company retains controlling ownership in the area and has a significant land package for potential discoveries. The joint venture reduces the need for excessive capital and allows for shared project development costs. Tocvan plans extensive drilling and exploration work on the Pilar Property.
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Tocvan Ventures Corp. is progressing towards production in the mine-friendly State of Sonora, Mexico with its expanded Pilar Project covering 22 square kilometers. The company aims to explore the remaining 95% of the land package, focusing on large scale targets tied to gold and silver mineralization. With a significant drill program underway, Tocvan is working towards a maiden resource estimate and mine development permitting. CEO Brodie Sutherland highlights the company's potential in a booming gold market and invites investors to follow their journey towards becoming a near-term producer.
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Tocvan Ventures Corp. announces high-grade gold, silver, and polymetallic mineralization discovery at Pilar gold-silver project in Sonora, Mexico. Surface exploration reveals significant mineralization coinciding with artisanal mining activity, showcasing potential for substantial targets beyond the main zone.
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Tocvan Ventures Corp. announces the commencement of reverse circulation drilling at its Pilar gold-silver project in Sonora, Mexico. The company aims to define resources and expand targeting, focusing on the Main Zone. Sonora offers cost-effective exploration, with drill costs estimated at US$130 per meter. Tocvan has partnered with CANMEX for drilling services, allowing for efficient and rapid reporting. CEO Brodie Sutherland expresses excitement for the restart of drilling, highlighting the project's potential for resource definition and development.
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Tocvan Ventures Corp. announces positive results from its surface program at the Picacho gold-silver project in Sonora, Mexico. The company collected 75 rock chip samples, with an average grade of 0.6 g/t Au and 2 g/t Ag, and values up to 15.9 g/t Au and 32 g/t Ag. A new 1.6-kilometer mineralized trend has been discovered, with visible gold found in a float sample at the San Ramon prospect. The company's CEO, Brodie Sutherland, comments on the extensive exploration potential at Picacho and the progress on the Pilar project.
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TOCVAN VENTURES CORP
OTC:TCVNF
TCVNF Rankings
TCVNF Stock Data
11.12M
41.89M
2.31%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Calgary