Tocvan Strengthens Team Appoints Christopher Gordon As Head Of Corporate Development

Rhea-AI Summary

Tocvan Ventures (OTCQB:TCVNF) has appointed Christopher Gordon as Head of Corporate Development, bringing over 18 years of experience in mining sector advisory. Gordon's notable track record includes his role at Integra Gold, where he contributed to the company's $600 million acquisition by Eldorado Gold in 2017.

The company has granted Gordon 300,000 stock options at $0.91 per share, with 150,000 vesting immediately and the remainder vesting in 12 months. The options expire August 19, 2030.

Recent drilling highlights at the Gran Pilar project have shown significant results, including intercepts of 83.5m @ 1.3 g/t Au and 97.4m @ 0.7 g/t Au. Metallurgical studies demonstrated strong recovery rates of 95-99% for gold and 73-97% for silver.

CALGARY, AB / ACCESS Newswire / August 20, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce the appointment of Christopher Gordon as Head of Corporate Development, effective immediately. Mr. Gordon brings over 18 years of experience advising mining companies on business and marketing strategies, investor relations, and capital raising, positioning him to significantly enhance Tocvan's strategic growth as it advances its gold and silver projects in Sonora, Mexico.

Mr. Gordon has a distinguished track record in the resource sector. From 2013 to 2017, he served as Director of Investor Relations at Integra Gold, where he played a pivotal role in creating market awareness and raising capital, contributing to the company's $600 million acquisition by Eldorado Gold in 2017. Following this, Mr. Gordon was Director of Business Development and Investor Relations at Integra Resources from 2017 to 2025, overseeing marketing initiatives and building strong investor relationships. He has also advised prominent companies such as West Timmins Mining, Mag Silver, Puget Ventures, and Global Cobalt, and continues to provide consultancy services to Integra Resources.

"We are thrilled to welcome Christopher to the Tocvan team," said Brodie A. Sutherland, President and CEO of Tocvan Ventures. "His extensive experience in corporate development and proven ability to drive market awareness and secure financing will be invaluable as we advance our Gran Pilar Gold-Silver Project and El Picacho Gold Project. Christopher's leadership will strengthen our position as we work toward becoming a leading mineral exploration and development company."

In his role as Head of Corporate Development, Mr. Gordon will oversee investor relations, strategic partnerships, and capital market initiatives, working closely with the executive team to support Tocvan's goal of unlocking the potential of its flagship projects in Sonora, Mexico.

"I am excited to join Tocvan at this pivotal time," said Christopher Gordon. "The Gran Pilar project represents exceptional opportunity in a top-tier mining jurisdiction. I look forward to leveraging my experience to enhance Tocvan's market presence and drive its strategic objectives forward."

Webinar

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Tocvan Ventures is pleased to announce an upcoming webinar scheduled for Wednesday, September 10th at 12:00pm EST. This event follows our recent permit approvals, marking a significant advancement for the company. During the webinar, our team will discuss the details of these new permits, outline Tocvan's future plans, and share our strategic approach to project execution. Investors and stakeholders can anticipate updates on operational milestones and insights into the next phase of Tocvan's growth, as we continue to build value across our portfolio. We invite all interested parties to join us and learn more about the exciting developments underway at Tocvan Ventures.

Option Allocation

The Company announces that its Board of Directors has approved a grant of stock options to Mr. Gordon pursuant to the Company's Stock Option Plan. A total of 300,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of $0.91 per share. Of these stock options, a total of 150,000 vest immediately and 150,000 vest twelve months from the grant date. All options issued will expire August 19, 2030.

Gran Pilar Drill Highlights:

• 2025 Diamond Drilling Highlights include:

  • 83.5m @ 1.3 g/t Au, including 9.7m @ 10.3 g/t Au (March 11, 2025 News Release)

  • 97.4m @ 0.7 g/t Au, including 36.3m @ 1.6 g/t Au (March 19, 2025 News Release)

  • 64.9m @ 1.2 g/t Au, including 3.0m @ 21.6 g/t Au and 209 g/t Ag (March 26, 2025 News Release)

  • 46.9m @ 0.5 g/t Au, including 2.6m @ 7.2 g/t Au and 80 g/t Ag (April 16, 2025 News Release)

• 2025 RC Drilling Highlights include:

  • 106.8m @ 0.6 g/t Au, including 3.1m @ 19.4 g/t Au (February 25, 2025 News Release)

  • 41.2m @ 1.0 g/t Au, including 6.1m @ 5.4 g/t Au (May 7, 2025 News Release)

• 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 Period

• Head 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 and 94% 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 Gold

  • 73 to 97% Recovery of Silver

  • Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.

About Tocvan Ventures Corp.

Tocvan Ventures Corp. is a dynamic exploration and development company 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 100% interest in over 21 km² of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for scalable mine infrastructure, including a planned 50,000-tonne pilot production facility. The Company also maintains a 51% interest in a 1 km² joint venture area with Colibri Resources, further expanding its footprint. Recent exploration successes, including near surface 3.1 meters at 19.4 g/t Au, underscore Gran Pilar's potential as a premier gold-silver asset. Additionally, Tocvan's 100% owned Picacho Gold-Silver Project, located in the prolific Caborca Trend-home to some of Mexico's largest gold deposits-positions the Company for further growth. With robust metallurgical results (up to 99% gold and 97% silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value in a market buoyed by record-high gold prices. With approximately 62 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development, and investor-focused initiatives.

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
1150, 707 - 7 Ave SW
Calgary, Alberta T2P 3H6
Telephone: 1 888 772 2452
Email: ir@tocvan.ca

STAY CONNECTED:

LinkedIn: TOC LinkedIn
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Facebook: TOC Facebook
YouTube: TOC YouTube
Web: tocvan.com

SOURCE: Tocvan Ventures Corp

View the original press release on ACCESS Newswire

FAQ

Who is Christopher Gordon and what is his role at Tocvan Ventures (TCVNF)?

Christopher Gordon has been appointed as Head of Corporate Development at Tocvan Ventures, bringing 18 years of experience in mining sector advisory. He previously helped facilitate Integra Gold's $600 million acquisition by Eldorado Gold.

What are the recent drilling results at Tocvan's Gran Pilar project?

Recent highlights include 83.5m @ 1.3 g/t Au, 97.4m @ 0.7 g/t Au, and 64.9m @ 1.2 g/t Au from 2025 diamond drilling campaign.

What stock options were granted to Christopher Gordon at Tocvan Ventures?

Gordon received 300,000 stock options at $0.91 per share, with 150,000 vesting immediately and 150,000 vesting after 12 months, expiring August 19, 2030.

What are the metallurgical recovery rates for Tocvan's Gran Pilar project?

Metallurgical studies showed excellent recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.

When is Tocvan's next investor webinar and what will be discussed?

Tocvan's webinar is scheduled for September 10th at 12:00pm EST, where they will discuss recent permit approvals, future plans, and strategic approach to project execution.