Tocvan Ventures Stock Price, News & Analysis

Tocvan Ventures Corp. (TCVNF) is an exploration and development company focused on advancing gold and silver projects in the mining jurisdiction of Sonora, Mexico. The company is described in its news releases as a dynamic exploration and near-term producer, with activity centered on its flagship Gran Pilar Gold-Silver Project and its Picacho Gold-Silver Project. Tocvan’s shares trade on the Canadian Securities Exchange under the symbol TOC and on the OTCQB under the symbol TCVNF.

Gran Pilar Gold-Silver Project

The Gran Pilar Gold-Silver Project in Sonora, Mexico is Tocvan’s flagship asset. According to multiple company news releases, Tocvan holds a 100% interest in over 21 km² of prospective ground at Gran Pilar, supported by a pivotal 2023 land acquisition that provides space for mine infrastructure and a planned 50,000-tonne pilot production facility. The broader project area is often referenced as more than 22 km² of prospective ground with two primary target areas: the South Block and the North Block.

The South Block is described as the direct extension and expansion of a historic Main Zone defined by an expanding vein field of untested drill targets. The North Block is characterized as a 3.2 km by 1.5 km pyrite and clay alteration zone that coincides with high-grade gold-silver and remains largely untested. Company disclosures highlight extensive reverse circulation (RC) and diamond drilling, historic core and RC drilling, and surface sampling programs that have returned significant gold and silver intercepts and high-grade samples across both blocks.

Exploration, Development and Pilot Mine

Tocvan describes itself as advancing from exploration toward development and near-term production at Gran Pilar. News releases state that the company has secured permits for drilling and extraction activities and has obtained a 10-year approval for a 50,000-tonne capacity heap leach pilot mine facility with associated infrastructure. The company reports that it has begun trenching material for pilot mine feed at the South Block, with site preparation underway for heap leach pads, containment ponds, processing equipment areas, access roads and support facilities.

Across the Gran Pilar property, Tocvan emphasizes systematic exploration, including surface geochemical sampling, geological mapping, geophysical surveys (including airborne and drone magnetics), road building for trenching, and maiden drilling at the North Block. Company communications repeatedly reference high-grade gold and silver intercepts from drilling, elevated silver values and pathfinder elements from surface sampling, and the identification of mineralized structures and historic underground workings that support the project’s potential.

North Block and North Alteration Zone

The North Block, and specifically the North Alteration Zone, is described as an underexplored expansion area within Gran Pilar. Tocvan states that this zone covers approximately 3.2 km by 1.5 km and exhibits extensive alteration associated with gold-silver systems. Company news releases report the commencement of a maiden drill program in this area, targeting a 3.2 km by 1.5 km zone with strong geochemical and geological indicators.

Surface work at the North Block has included rock-chip and channel sampling across historic mine workings and new target areas. Reported results include elevated silver assays, pathfinder elements such as arsenic, antimony, lead and zinc, and chip samples and historic workings with notable gold and silver grades. Tocvan also describes the use of composite indices (Silver-Polymetallic Index and Gold-Pathfinder Index) and an alteration index to rank targets and correlate mineralization with alteration signatures.

South Block and Main Zone Expansion

The South Block is presented as the extension and expansion of a historic Main Zone at Gran Pilar. Company disclosures highlight multiple phases of RC and diamond drilling dating back to 2020, with reported intercepts that include broad mineralized intervals and higher-grade zones of gold and silver. Tocvan’s news releases summarize drilling campaigns across several years, including Phase I and Phase II RC drilling, Phase III diamond drilling, and more recent diamond and RC drilling programs.

In addition to drilling, Tocvan reports trenching and road building in the South Block to expose mineralized zones and prepare for pilot mine operations. The company notes that it is fully permitted for numerous trenches and significant drilling meterage on 100% controlled ground, and that surface sampling, including soil and rock samples, has returned notable gold and silver values in areas such as the Placer Corridor and Placer Source Area.

Metallurgical Testing and Quality Assurance

Tocvan has disclosed results from metallurgical studies on material from its projects. Company news releases describe a bulk sample from Pilar with calculated head and extracted grades and report recovery percentages for gold and silver over a leaching period. Additional studies include agitated bottle roll tests and gravity recovery with agitated leach on composite samples, with reported high recovery percentages for both gold and silver, including recovery from drill core composites at depth.

Quality assurance and quality control (QA/QC) procedures are described in detail in the company’s communications. Rock, drill and soil samples are reported as being prepared and analyzed by ALS Limited facilities in Hermosillo, Sonora, Mexico and North Vancouver, with those facilities certified to ISO 9001 and ISO/IEC 17025 standards. Analytical methods include fire assay with atomic absorption spectroscopy finish for gold, gravimetric finish for over-limit gold, four-acid digestion with ICP or ICP-AES finish for silver and other elements, and aqua regia digestion with ICP-MS finish for soils. Tocvan states that certified reference materials and blank samples are systematically inserted into the sample stream as part of its QA/QC protocol.

Picacho Gold-Silver Project

In addition to Gran Pilar, Tocvan describes a 100% owned Picacho Gold-Silver Project in Sonora, Mexico. Company news releases state that Picacho is located in the Caborca Trend, which is described as hosting some of Mexico’s largest gold deposits. Tocvan also references permitting activities for drilling and trenching at the El Picacho Gold Project in its forward-looking operational plans, indicating that Picacho is part of its broader portfolio in Sonora.

Interests and Joint Venture Area

At Gran Pilar, Tocvan reports a 100% interest in over 21 km² of ground and a 51% interest in a 1 km² joint venture area with Colibri Resources. This joint venture area is described as further expanding Tocvan’s footprint within the project. The company also refers to historic core and RC drilling totaling approximately 15,000 meters, with highlight intercepts reported from that historic work.

Corporate Positioning and Strategy

Across its news releases, Tocvan refers to itself as a leading exploration company and as a leading exploration and production company focused on gold and silver projects in Sonora, Mexico. The company emphasizes a progression from exploration to development and near-term production, particularly at Gran Pilar, supported by permits for drilling, extraction and a pilot mine facility. It highlights strategic capital from warrant exercises and other funding, appointments of experienced mining and corporate development professionals to strengthen its team, and interest from producers in the region through discussions and due diligence visits.

Company communications frequently reference a focus on responsible exploration, environmental stewardship, ESG governance, and community engagement, including local community council approval for pilot mine development and an emphasis on building relationships with neighboring communities. Tocvan also notes that a qualified person, as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information in its releases.

Stock and Capital Structure References

Tocvan’s news releases mention approximate share counts at various times, indicating tens of millions of shares outstanding. The company also reports the granting of stock options to directors, consultants and executives under its stock option plan, with specified vesting schedules and expiry dates. These references illustrate the use of equity-based incentives as part of its corporate structure.

Summary

According to its public disclosures, Tocvan Ventures Corp. is focused on advancing high-potential gold and silver assets in Sonora, Mexico, with Gran Pilar as its flagship gold-silver project and Picacho as an additional gold-silver project in the Caborca Trend. The company highlights extensive drilling, surface sampling, metallurgical testing, permitting for a pilot mine facility, and systematic exploration across North and South Blocks at Gran Pilar. Tocvan positions itself as an exploration and development company moving toward near-term production, supported by technical work, regulatory approvals, and corporate developments aimed at growing its presence in the gold and silver sector.