Welcome to our dedicated page for Tocvan Ventures news (Ticker: TCVNF), a resource for investors and traders seeking the latest updates and insights on Tocvan Ventures stock.
Tocvan Ventures Corp. reports exploration and development activity for gold-silver projects in Sonora, Mexico, led by the flagship Gran Pilar Gold-Silver Project. Company updates commonly cover reverse-circulation and core drilling, surface sampling, trenching, geophysical surveys, target generation, and pilot-scale development work across areas such as the Main Zone, South Block, El Mezquite, and other mineralized trends.
Recurring news also includes assay and metallurgical results, community access agreements, use of exploration technologies such as drone magnetic surveys and AI prospectivity mapping, advisor appointments, and financing transactions used to advance the company's Mexican gold projects and working capital.
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.
Tocvan Ventures Corp. (TCVNF) has initiated core drilling at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The company plans nine core drill holes in the Main Zone, pre-paid through a credit with joint venture partner Colibri Resources Corp, with whom they share a 51/49 percent interest in the 105-hectare area.
Four RC drillholes totaling 776.2 meters were completed before the holiday break, with assays pending. The company is focusing on two key developments for 2025: establishing a resource estimate and setting up a proof-of-concept test mine. The test mine aims to process up to 50,000 tonnes of material, with operations planned to begin in early 2025.
Previous drilling highlights include intersections of 42.7m @ 1.0 g/t Au and 116.9m @ 1.2 g/t Au. Recent metallurgical studies showed impressive 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 closed the first tranche of its non-brokered private placement, raising $2.1 million in gross proceeds. The offering included a significant $1.8 million investment from UK-based Sorbie Bornholm LP. The placement consisted of 4,386,083 Units at $0.48 per Unit, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months.
The company has commenced RC drilling at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The funds will support drilling efforts, permitting of new drill targets across the expansion area, and preparation for a planned pilot mine in 2025. The proceeds from Sorbie will be released in monthly tranches of $75,000 over 24 months through an escrow arrangement.
Tocvan Ventures announces a $3.0 million non-brokered private placement, including a $1.8 million institutional investment. The offering consists of 6,250,000 units at $0.48 per unit, with each unit including one common share and one warrant exercisable at $0.75 for 36 months. The company plans to mobilize drill rigs at the Gran Pilar Gold Silver Project, with up to 1,250 meters of core drilling before year-end and 2,000 meters of RC drilling planned. The proceeds will support drilling operations, test mine preparations, and permitting of drilling expansion areas. A test mine for Pilar is scheduled for Q2 2025, with estimated costs of US$1.7 million and expected recovery of 800-1,400 gold ounces.
Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) has announced significant exploration results from its Gran Pilar gold-silver project in Sonora, Mexico. Soil sampling across the southern portion revealed exceptional high-grade results, including 21.2 g/t Au and >2,000 g/t Ag northeast of the Main Zone. The company collected 541 soil samples and 184 rock chip samples, with 62 samples showing values over 0.1 g/t Au. The sampling grid covered a two-square kilometer area, identifying several kilometers of prospective trends that remain open for expansion. The results indicate a larger mineralized system with multiple high-grade zones, suggesting significant potential for further discoveries.