Tocvan Ventures Stock Price, News & Analysis

Tocvan Ventures Corp. (TCVNF) has announced significant drilling results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The core drilling program has successfully extended the Main Zone, with notable results from drill hole JES-25-112 showing 7.2 g/t Au and 80 g/t Ag over 2.6 meters within a broader mineralized zone averaging 0.5 g/t Au over 46.9 meters.

The successful step-out drilling, located 70 meters south of previous drilling, has extended the high-grade corridor beyond previously known boundaries. The mineralization is hosted in quartz veining stockwork, with high-grade zones associated with shear zones. A core duplicate sample through the high-grade zone returned 18 g/t Au over 1.1 meters, indicating the presence of coarse gold in the system.

The company is currently conducting RC drilling with three holes completed totaling over 452.9 meters. Near-term catalysts include pending drill results and updates on permitting initiatives for pilot production.

Tocvan Ventures Corp. (TCVNF) has resumed drilling at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The company is focusing on the 100% controlled expansion area, where recent scout drilling yielded significant results, including 3.1 meters of 19.4 g/t Au within 106.6 meters of 0.6 g/t Au near the surface.

The current phase includes 1,500m of planned drilling with potential for expansion. The target area spans 675 meters over the Northern Zone, with drilling already progressing over 100 meters in the first drill hole. Results are pending for three core holes.

The company is also advancing its pilot facility plans at Pilar, aiming to process up to 50,000 tonnes of material. Previous metallurgical studies showed promising results with 95-99% gold recovery and 73-97% silver recovery through gravity recovery with agitated leach. A 2023 bulk sample demonstrated successful recovery rates with 62% gold recovery over a 46-day leaching period.

Tocvan Ventures Corp. (TCVNF) has announced significant core drilling results at its Gran Pilar Gold Silver Project in Sonora, Mexico. The company discovered the highest-grade gold interval ever found outside the Main Zone, located 300 meters east on the North Hill Trend.

Key findings include:

• Hole JES-25-108: 1.2 g/t Au and 14 g/t Ag over 64.9 meters from surface, including 21.6 g/t Au and 209 g/t Ag over 3.0 meters
• Hole JES-25-107: 0.2 g/t Au and 5 g/t Ag over 108.2 meters from surface

The high-grade mineralization was found in a highly fractured near-surface fault zone with quartz veining. The company plans future trenching to evaluate the extent of high-grade mineralization for potential pilot mine feed. Results are pending for three additional holes in the ten-hole drilling program totaling 1,167.5 meters.

Tocvan Ventures Corp. (TCVNF) has announced significant core drilling results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The latest results from hole JES-25-105 showed 1.6 g/t Au over 36.3 meters from surface, including impressive high-grade sections of 15.2 g/t Au over 1.2 meters and 5.8 g/t Au over 3.0 meters.

The mineralization extends to 97.4 meters depth, averaging 0.7 g/t Au, marking a notable improvement from historic drilling. Ten core drillholes totaling 1,167.5 meters were completed, with results pending for six additional holes. The company plans to incorporate these findings into their maiden resource estimate for the Main Zone, where they hold a 51% ownership.

Additionally, Tocvan is preparing for a pilot facility at Pilar, aiming to process up to 50,000 tonnes of material. Their 2023 bulk sample demonstrated promising recovery rates: 62% gold recovery over 46 days, with head grades of 1.9 g/t Au and 7 g/t Ag.

Tocvan Ventures Corp. (TCVNF) has announced significant drilling results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The company reported its highest gold grade result since the prospect's 1996 discovery, with core hole JES-25-104 yielding 10.3 g/t Au over 9.7m, including an impressive 60.6 g/t Au over 1.6 meters.

The high-grade mineralization was found within a broader zone averaging 1.3 g/t Au over 83.5 meters. Adjacent trench sampling averaged 1.9 g/t Au and 9 g/t Ag over 14m. A second core hole, JES-25-103, returned anomalous gold, silver, and copper values, averaging 0.1 g/t Au, 8 g/t Ag, and 0.54% Cu over 34.7 meters.

The company is planning a pilot facility at Pilar with aims to process up to 50,000 tonnes of material in early 2025. Previous metallurgical studies have shown promising recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has announced a significant new gold discovery from Reverse Circulation drilling at its Gran Pilar Gold Silver Project in Sonora, Mexico. The company completed four drill holes totaling 776.2 meters on their 100% controlled expansion area north of known mineralized trends.

Scout hole JES-24-101 discovered high-grade gold, returning 19.8 meters of 3.1 g/t Au from surface, including 3.1m of 19.4 g/t Au, within a broader 106.8-meter section averaging 0.6 g/t Au. This result is the best yet outside the Main Zone and is located 250m from last year's drillhole JES-24-79, which returned 42.7 meters of 1.0 g/t Au.

Another scout hole, JES-24-102, returned 16.8 meters of 0.4 g/t Au and 6 g/t Ag, representing the northernmost successful hit of mineralization on the property. The company plans immediate follow-up drilling to further evaluate the area's potential, with recent surface sampling indicating mineralization continues 700m north and 2,000m east.

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has successfully closed an oversubscribed private placement, raising total gross proceeds of $3.15 million. The second tranche raised $1,045,267.20 through the issuance of 2,177,640 Units at $0.48 per Unit, following the first tranche of $2,105,320. Each Unit includes one common share and one warrant exercisable at $0.75 for 36 months.

The company paid approximately $39,744 in cash commissions and issued 82,800 finders' warrants. The proceeds will fund the advancement of the Gran Pilar Au-Ag project in Sonora, Mexico. Currently, results are pending for four RC drill holes in the expansion area, with first results expected soon. Additionally, ten core drill holes were completed across the Main Zone, with initial results anticipated in March.

Tocvan Ventures Corp. (TCVNF) has completed 1,122 meters of core drilling across ten drillholes at its Gran Pilar Gold Silver Project in Sonora, Mexico. Samples from the first three drillholes have been delivered to ALS Laboratory, with results pending. The drilling program aims to infill and expand known mineralization corridors for a maiden resource estimate and future Preliminary Economic Assessment.

Recent surface sampling revealed significant findings, including 21.2 g/t Au and >2,000 g/t Ag in a soil sample. A new target outcrop was identified one kilometer northeast of the Main Zone, showing elevated gold in soil values up to 320 ppb. The company plans to advance drill targeting in this road-accessible area.

The company also announced a stock option grant of 1,675,000 options at $0.50 per share and issued 28,658 common shares for interest payment on Convertible Notes. Tocvan is planning a pilot facility at Pilar with aims to process up to 50,000 tonnes of material, targeting early 2025 for development.

Tocvan Ventures has announced new surface exploration results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The company identified four new target areas in the Southern Block, spanning 1.8km by 1.0km, with rock chips yielding up to 3.1 g/t Au, 64 g/t Ag, 0.67% Cu, and 0.92% Pb. An additional unexplored area of 2.1km by 1.4km remains to the east.

Core drilling is ongoing at Pilar's Main Zone, with four holes completed totaling over 408 meters. The company aims to build a more robust geological model across the area. Previous drilling highlights include intersections of 42.7m @ 1.0 g/t Au and 56.4m @ 1.0 g/t Au. The company plans to process up to 50,000 tonnes of material through a pilot facility, with development aimed to begin in early 2025.