(TheNewswire)
Calgary, Alberta - TheNewswire – January 14, 2022 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTC:TCVNF ) ( WKN:TV3/A2PE64), announces strategicchanges to executive management as it proactively looks towards theadvancement of its core gold-silver assets in Sonora, Mexico. Mr.Brodie A. Sutherland, VP Exploration will replace co-founder, Mr.Derek A. Wood as President, CEO and Corporate Secretary. Mr. Wood willremain a director and strategic advisor of the Company. The changeswill better align with technical and professional expertise requiredas projects advance towards development.
“On behalf of the Company we wouldlike to thank Derek for his hard work and dedication to Tocvan frominception.” commented, Brodie A.Sutherland . “Derek willremain an important advisor to the board while our focus remains onthe advancement of our two quality gold-silver assets in Sonora,Mexico.”
Website Update
The Company also announces its new website has gonelive at: (tocvan.com) . We thank ourshareholders for their patience while updates were made.
AGM Update
The Company has postponed the scheduled AGM to alater date due to the COVID-19 global pandemic and resulting delaysobtaining court and shareholder approval of the Cascade Copperspin-out transaction. The Company will provide a further update oncea final date for the meeting can be set.
About the Sonora Portfolio
Pilar Property
The Pilar Gold-Silver property is interpreted as astructurally controlled low-sulphidation epithermal project hosted inandesite rocks. Three zones of mineralizationhave been identified in the north-west part of the property fromhistoric surface work and drilling and are referred to as the MainZone, North Hill and 4-Trench. Structural features and zones ofmineralization within the structures follow an overall NW-SE trend ofmineralization. Over 22,700 m of drilling have been completed to date.Significant results are highlighted below:
-
2021 Phase II RC Drilling Highlightsinclude ( all lengths are drilled thicknesses ):
-
39.7m @ 0.96 g/t Au, including 1.5m @14. g/t Au;
-
47.7m @ 0.70 g/t Au including 3m @5.6 g/t Au and 22 g/t Ag;
-
29m @ 0.71g/t Au;
-
35.1m @ 0.66 g/t Au
-
-
2020 Phase I RC Drilling Highlights include ( all lengths are drilledthicknesses
-
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 @6.0g/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
-
-
17,700m of Historic Core RCdrilling. Highlights include:
-
61.0m @ 0.8 g/t Au;
-
16.5m @ 53.5g/t Au and 53 g/t Ag;
-
13.0m @ 9.6 g/t Au;
-
9.0m @ 10.2 g/t Au and 46 g/t Ag
-
Soil and Rock sampling results fromundrilled areas indicate mineralization extends towards the southeastfrom the Main Zone and 4-Trench Zone. Recent Surface exploration hasdefined three new target areas: Triple Vein Zone, SE Vein Zone and 4Trench Extension.
El Picacho Property
The El Picacho Gold-Silver property is interpreted as aorogenic gold system within the regional Caborca Orogenic Gold Beltknown for producing gold mines that include La Herradura and SanFrancisco. The project is 140 kilometers north of Hermosillo andtotals 2,414 hectares. Five primary zones ofmineralization have been identified across the property totalling oversix kilometers of prospective trends. Surface sampling has identifiedhigh-grade gold and silver values. The five primary target areas aresummarized below:
-
San Ramon
-
1.4 km prospective trend;
-
Several historic mine workingsassociated with low angle faults;
-
Historic Drill Highlights (Both werereconnaissance holes with no follow-up):
-
(Drill hole PD-01) 7.6m @ 0.73 g/tAu, including 3.0m @ 1.37g/t Au
-
(Drill hole RCP-02) 10.7 m @ 0.67 g/t Au, including 4.6m @ 1.4 g/t Au
-
-
Rock Sampling highlights:
-
22 g/t Au and 22 g/t Ag
-
16 g/t Au and 26 g/t Ag
-
14 g/t Au and 83 g/t Ag
-
-
-
Cornea
-
2.3 km prospective trend;
-
Historic mine workings up to30-meters deep along shear-zones;
-
Rock Sampling Highlights:
-
26 g/t Au and 340 g/t Ag
-
15 g/t Au and 66 g/t Ag
-
15 g/t Au and 29 g/t Ag
-
-
-
Jabali
-
0.5 km prospective trend ;
-
Historic mine workings amonglow-angle thrust faults;
-
Rock Sampling Highlights
-
32 g/t Au
-
28 g/t Au and 10 g/t Ag
-
-
-
El Puerto
-
1.2 km prospective trend ;
-
Historic mine workings along verticalshear-zones hosted within a banded gneiss;
-
Rock Sampling Highlights
-
8 g/t Au and 10 g/t Ag
-
6.5 g/t Au and 176 g/t Ag
-
-
-
Tortuga
-
1.0 km prospective trend;
-
Historic mine workings in Jurassicmetasediments surrounded by mineralized biotite gneiss;
-
Rock Chip SamplingHighlights
-
2m @ 4.4 g/t Au and 46 g/tAg
-
-
Brodie A. Sutherland, P.Geo., CEO for Tocvan VenturesCorp. and a qualified person ("QP") as defined by CanadianNational Instrument 43-101, has reviewed and approved the technicalinformation contained in this release.
About Tocvan VenturesCorp .
Tocvan is a well-structured exploration developmentcompany. Tocvan was created in order to take advantage of theprolonged downturn the junior mining exploration sector, byidentifying and negotiating interest in opportunities where managementfeels they can build upon previous success. Tocvan has approximately32 million shares outstanding and is earning into two excitingopportunities in Sonora, Mexico: the Pilar Gold-Silver project and theEl Picacho Gold-Silver project. Management feels both projectsrepresent tremendous opportunity to create shareholder value.
Cautionary Statement RegardingForward Looking Statements
This news release contains“forward-looking information” which may include, but is notlimited to, statements with respect to the activities, events ordevelopments that the Company expects or anticipates will or may occurin the future. Forward-looking information in this news releaseincludes statements regarding the use of proceeds from the Offering.Such forward-looking information is often, but not always, identifiedby 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 andphrases, or state that certain actions, events or results “may”,“could”, “would”, “might” or “will” be taken, occur orbe achieved.
These forward-looking statements,and any assumptions upon which they are based, are made in good faithand reflect our current judgment regarding the direction of ourbusiness. 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 differentfrom any future results, performance or achievements expressed orimplied by the forward-looking information. Such factors include,among others, risks related to the speculative nature of theCompany’s business, the Company’s formative stage of developmentand the Company’s financial position. Forward-looking statementscontained herein are made as of the date of this news release and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults, except as may be required by applicable securities laws.
There can be no assurance thatforward-looking information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking information.
For more information, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, President &CEO
950-736 6 Ave SW
Calgary, Alberta T2P 3T7
Telephone: 403-668-7855
Email: bsutherland @tocvan.c a
This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from suchregistration is available.
Copyright (c) 2022 TheNewswire - All rights reserved.