Tocvan Completes Acquisition of Remaining 49% Interest in Original Pilar Concessions, Consolidating 100% Ownership of Flagship Gran Pilar Gold-Silver Project
Rhea-AI Summary
Tocvan Ventures (OTCQB:TCVNF) has closed a purchase agreement with Colibri Resources to acquire the remaining 49% interest in the two original Pilar mining concessions in Sonora, Mexico, giving Tocvan 100% ownership of its flagship Gran Pilar Gold-Silver Project. The original concessions cover approximately 105 hectares and host the Main Zone, the most advanced area of the project with extensive historic and recent drilling.
According to Tocvan, consolidating ownership provides full control over one of the more advanced and strategically located gold-silver projects in Sonora. The company now holds a 100% interest in over 21 km² at Gran Pilar, supported by a 2023 land acquisition designed to accommodate scalable mine infrastructure, including a planned 50,000-tonne pilot production facility.
Tocvan highlights recent near-surface drilling of 3.1 m at 19.4 g/t gold and metallurgical recoveries of up to 99% gold and 97% silver. The company also owns the 100%-held Picacho Gold-Silver Project on the Caborca Trend and reports approximately 78.7 million shares outstanding.
Positive
- Acquires remaining 49% interest in original Pilar concessions, reaching 100% ownership
- 105-hectare original Pilar concessions host Main Zone with extensive drilling
- Gran Pilar land package exceeds 21 km², including 2023 expansion for infrastructure
- Planned 50,000-tonne pilot production facility at Gran Pilar
- Recent intercept of 3.1 m at 19.4 g/t Au near surface
- Metallurgical recoveries reported up to 99% gold and 97% silver
Negative
- None.
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HERMOSILLO, MX / ACCESS Newswire / August 27, 2026 / Tocvan Ventures Corp. (the "Company" or "Tocvan") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64) is pleased to announce that it has closed its purchase agreement (the "Agreement") with Colibri Resources Corp. ("Colibri") to acquire the remaining
The Concessions comprise approximately 105 hectares and host the Main Zone, being the most advanced area of the Project with extensive historic and recent drilling.
Strategic Benefits of Transaction
Consolidating
About Tocvan Ventures Corp.
Tocvan Ventures Corp. is a dynamic exploration and near-term producer advancing high-potential gold and silver projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar Gold-Silver Project, Tocvan holds a
Cautionary Statement Regarding Forward-Looking Statements
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 Transaction and anticipated next steps. 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.
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For more information, please contact:
TOCVAN VENTURES CORP.
Christopher Gordon, CEO
1150, 707 - 7 Ave SW
Calgary, Alberta T2P 3H6
Email: chris@tocvan.ca
Tyler Muir, Corporate Communications
Telephone: 1 306 690 8886
Email: ir@tocvan.ca
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SOURCE: Tocvan Ventures Corp.
View the original press release on ACCESS Newswire