Tocvan Commences Drilling at Gran Pilar Gold - Silver Project Continues Expansion Zone Drilling Along Northern Corridors
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) ha ripreso le perforazioni presso il suo progetto Gran Pilar Gold-Silver in Sonora, Messico. L'azienda si sta concentrando sull'area di espansione controllata al 100%, dove recenti perforazioni esplorative hanno fornito risultati significativi, inclusi 3,1 metri di 19,4 g/t Au all'interno di 106,6 metri di 0,6 g/t Au vicino alla superficie.
La fase attuale prevede 1.500 metri di perforazione pianificata con potenziale di espansione. L'area obiettivo si estende per 675 metri nella Zona Settentrionale, con perforazioni già in corso per oltre 100 metri nel primo foro di perforazione. I risultati sono in attesa per tre fori di carotaggio.
L'azienda sta inoltre avanzando nei suoi piani per impianti pilota a Pilar, con l'obiettivo di trattare fino a 50.000 tonnellate di materiale. Gli studi metallurgici precedenti hanno mostrato risultati promettenti con un recupero dell'oro del 95-99% e un recupero dell'argento del 73-97% tramite recupero gravitazionale con lisciviazione agitata. Un campione bulk del 2023 ha dimostrato tassi di recupero di successo con un recupero dell'oro del 62% su un periodo di lisciviazione di 46 giorni.
Tocvan Ventures Corp. (TCVNF) ha reanudado la perforación en su proyecto Gran Pilar Gold-Silver en Sonora, México. La compañía se está enfocando en el área de expansión controlada al 100%, donde las recientes perforaciones exploratorias han arrojado resultados significativos, incluyendo 3.1 metros de 19.4 g/t Au dentro de 106.6 metros de 0.6 g/t Au cerca de la superficie.
La fase actual incluye 1,500 metros de perforación planificada con potencial de expansión. El área objetivo abarca 675 metros en la Zona Norte, con perforaciones que ya han avanzado más de 100 metros en el primer pozo. Los resultados están pendientes para tres pozos de testigo.
La compañía también está avanzando en sus planes para una instalación piloto en Pilar, con el objetivo de procesar hasta 50,000 toneladas de material. Estudios metalúrgicos previos mostraron resultados prometedores con un recupero de oro del 95-99% y un recupero de plata del 73-97% mediante recuperación gravitacional con lixiviación agitada. Una muestra a granel de 2023 demostró tasas de recuperación exitosas con un recupero de oro del 62% durante un período de lixiviación de 46 días.
Tocvan Ventures Corp. (TCVNF)는 멕시코 소노라에 있는 Gran Pilar Gold-Silver 프로젝트에서 시추를 재개했습니다. 회사는 최근 탐사 시추에서 표면 근처에서 106.6미터의 0.6 g/t Au 내에 19.4 g/t Au의 3.1미터와 같은 중요한 결과를 얻은 100% 통제된 확장 지역에 집중하고 있습니다.
현재 단계에는 1,500m의 계획된 시추가 포함되어 있으며, 확장 가능성이 있습니다. 목표 지역은 북부 지역에서 675미터에 걸쳐 있으며, 첫 번째 시추 구멍에서 이미 100미터 이상 진행되었습니다. 세 개의 코어 홀에 대한 결과는 대기 중입니다.
회사는 또한 Pilar에서의 파일럿 시설 계획을 진행하고 있으며, 50,000톤의 물질을 처리하는 것을 목표로 하고 있습니다. 이전의 금속 공학 연구는 95-99%의 금 회수율과 73-97%의 은 회수율을 보여주었으며, 이는 교반 리치 방법을 통한 중력 회수로 이루어졌습니다. 2023년 대량 샘플은 46일의 침출 기간 동안 62%의 금 회수율로 성공적인 회수율을 입증했습니다.
Tocvan Ventures Corp. (TCVNF) a repris les forages sur son projet Gran Pilar Gold-Silver au Sonora, au Mexique. L'entreprise se concentre sur la zone d'expansion contrôlée à 100%, où des forages d'exploration récents ont donné des résultats significatifs, notamment 3,1 mètres de 19,4 g/t Au dans 106,6 mètres de 0,6 g/t Au près de la surface.
La phase actuelle comprend 1 500 m de forage prévu avec un potentiel d'expansion. La zone cible s'étend sur 675 mètres dans la zone nord, avec des forages déjà en cours sur plus de 100 mètres dans le premier trou de forage. Les résultats de trois carottes sont en attente.
L'entreprise avance également dans ses plans pour une installation pilote à Pilar, visant à traiter jusqu'à 50 000 tonnes de matériau. Des études métallurgiques antérieures ont montré des résultats prometteurs avec un taux de récupération de l'or de 95-99% et un taux de récupération de l'argent de 73-97% par récupération gravitationnelle avec lixiviation agité. Un échantillon en vrac de 2023 a démontré des taux de récupération réussis avec un taux de récupération de l'or de 62% sur une période de lixiviation de 46 jours.
Tocvan Ventures Corp. (TCVNF) hat die Bohrungen in seinem Gran Pilar Gold-Silver-Projekt in Sonora, Mexiko, wieder aufgenommen. Das Unternehmen konzentriert sich auf den zu 100 % kontrollierten Erweiterungsbereich, wo kürzliche Erkundungsbohrungen bedeutende Ergebnisse lieferten, darunter 3,1 Meter mit 19,4 g/t Au innerhalb von 106,6 Metern mit 0,6 g/t Au nahe der Oberfläche.
Die aktuelle Phase umfasst 1.500 m geplante Bohrungen mit Potenzial zur Erweiterung. Das Zielgebiet erstreckt sich über 675 Meter in der Nordzone, wobei die Bohrungen im ersten Bohrloch bereits über 100 Meter fortschreiten. Ergebnisse für drei Kernbohrungen stehen noch aus.
Das Unternehmen arbeitet auch an seinen Plänen für eine Pilotanlage in Pilar, mit dem Ziel, bis zu 50.000 Tonnen Material zu verarbeiten. Frühere metallurgische Studien zeigten vielversprechende Ergebnisse mit einer Goldausbeute von 95-99% und einer Silberausbeute von 73-97% durch Schwerkrafttrennung mit agitiertem Auslaugen. Eine Bulkprobe aus 2023 zeigte erfolgreiche Rückgewinnungsraten mit einer Goldausbeute von 62% über einen Zeitraum von 46 Tagen.
- High-grade gold discovery: 3.1m of 19.4 g/t Au within 106.6m of 0.6 g/t Au
- Excellent metallurgical results: 95-99% gold and 73-97% silver recovery rates
- Expansion of drilling program with 1,500m planned
- Advanced development plans with 50,000-tonne pilot facility planned for 2025
- Results still pending for three core holes
- Pilot facility still in planning phase, not yet operational
Highlights:
RC Drilling Has Recommenced at Gran Pilar's Expansion Zone
Next Phase of 1,500m Planned, Potential to Expand
Follow-up on Initial Scout Drilling Success
3.1m of 19.4 g/t Au, within 106.6m of 0.6 g/t Au (JES-24-101)
16.8m of 0.4 g/t Au and 6 g/t Ag (JES-24-102)
Target Area Spans 675 meters Over Northern Zone
Results Pending for Three Core Holes
CALGARY, AB / ACCESS Newswire / April 10, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce drilling has restarted at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Drilling will focus on the
"We are excited to be back drilling the expansion zone where recent results returned high-grade gold at surface." commented, CEO Brodie Sutherland. "Following up on our success, testing the northern edge of known mineralization with drilling will provide us with further insight on the resource potential. There remains a large untested area to the north and east where we will continue to push expansion. In addition, the northern alteration zone five kilometers away, remains open for exploration where a separate mineralized system has the potential to add further discovery upside. We look forward to updating our shareholders with continued drill results and advancements in permitting for production."
Pilar Drill Highlights:
2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
16.8m @ 0.8 g/t Au and 19 g/t Ag
2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.7 g/t Au
35.1m @ 0.7 g/t Au
2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
15,000m of Historic Core & RC drilling. Highlights include:
61.0m @ 0.8 g/t Au
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
62% Recovery of Gold Achieved Over 46-day Leaching PeriodHead Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
Agitated Bottle Roll Test Returned Rapid and High Recovery Results:
80% Recovery of Gold and94% Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
95 to
99% Recovery of Gold73 to
97% Recovery of SilverIncludes the Recovery of
99% Au and73% Ag from Drill Core Composite at 120-meter depth.
Based on management's strong belief in the project's potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).
About Tocvan Ventures Corp.
Tocvan's advancing gold-silver projects are located in the mine-friendly jurisdiction of Sonora, Mexico. Through ongoing exploration programs, Company is unveiling the high-potential at its Gran Pilar Gold-Silver Project where it holds
Tocvan has approximately 59 million shares outstanding.
Quality Assurance / Quality Control
Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Soil Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and multi-element analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal weight. Over limit gold values greater than 1 g/t were re-assayed with a more robust aqua regia digestion ad ICP-MS finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified reference materials were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO for 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.
Cautionary Statement Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements 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 formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news 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 may be 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 those 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
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
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SOURCE: Tocvan Ventures Corp
View the original press release on ACCESS Newswire
FAQ
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