(TheNewswire)
Calgary, Alberta - TheNewswire – November 10, 2021 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTC:TCVNF ) ( WKN:TV3/A2PE64), is pleased to announcethe commencement of field operations at its Pilar Au-Ag Project inSonora, Mexico. Building off of the success of last year, the companylooks to evaluate surface mineralization with trenching and channelsampling followed by a series of column leach studies onrepresentative sites across the Main Zone. In addition, drilling isplanned with between 5,000 to 8,000 meters estimated between now andJuly of 2022. Drilling will focus on continued step-out drilling alongthe Main Zone and new 4-Trench Trend. Exploration drilling willcontinue to evaluate target areas along the Triple Vein Zone. Surfaceexploration work will continue with trenching and sampling along thesoutheastern extension of the Main Zone.
2021/2022 Operation Plans
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- Trenching of Main Zone for bulk sampling and columnleach study
- 5,000 to 8,000 meters of drilling
- Drilling to include:
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- Step-outs of Main Zone targets
- Step-out and Exploration drilling along 4-Trenchtrend
- Exploration drilling along Triple Vein Zone
- Surface trenching, sampling and targetevaluation.
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“We are extremely excited to beoperating once again at Pilar.”, commented VPExploration, Brodie Sutherland . “Last year was very successful in growing the potential sizeof the mineralized system at Pilar, we look forward to building offthat success again this year with continued drilling and trenchingacross the property. In addition, bulk sample composites taken fromsurface will aim to show our mineralized oxide zone is amenable toconventional heap leach processes.”
Operation Details
Metallurgical Studies
Trenching across the near-surface mineralized portionsof the Main Zone will be completed for channel sampling and later bulksampling. Several bulk sample composites will be collected fordetailed column leach study. Later metallurgical drill holes will becompleted across the Main Zone to compare the recovery of gold atdepth.
Bottle roll cyanidation studies from two RC chipcomposites taken in 2021 returned:
Composite One – 1.15g/t Au and 12.2g/t Ag head grade returned, 90% recovery of Au and 84% recovery of Ag.
Composite Two – 0.63 g/t Au and 6.7 g/t Ag head grade , 92% recovery of Au and 70% recovery of Ag.
Drill Programs
Between 5,000 to 8,000 meters of drilling is proposedduring the operational season. Drilling will be completed in two tothree stages with the initial stage focused on step-out drilling alongthe Main Zone and 4-Trench Trends (Figure 1.). Later stages will focuson exploration targets on the eastern portion of the property wheresurface veining suggests mineralization at depth.
Drill step-out targets from 2021drill holes include :
JES-21-50: 39.7m @ 0.96 g/t Au, including 1.5m @ 14. g/t Au
JES-21-47 : 47.7m @ 0.75 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
JES-21-38: 29m@ 0.71g/t Au
JES-21-43: 35.1m @ 0.66 g/t Au
JES-21-53 : 15.3m @ 1.1 g/t Au – New 4-TrenchTrend
Exploration
Exploration Trenching will be completed along theTriple Vein Zone to follow up on chip sampling from last year thatreturned, 4.5 g/t Au and 735g/t Ag . Further surface sampling will becompleted on the southeast portion of the property where work has beenlimited to date.
Figure 1. Plan Map of Highlight DrillHoles from 2021 and Key Target Areas for Upcoming Operations
About the 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:
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- 2021 Phase II RC DrillingHighlights include ( all lengths are drilled thicknesses ):
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- 39.7m @ 0.96 g/t Au, including 1.5m@ 14. g/t Au
- 47.7m @ 0.75 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( alllengths are drilled thicknesses ) :
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- 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:
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- 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
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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.
Brodie A. Sutherland, P.Geo., VP Exploration for TocvanVentures Corp. and a qualified person ("QP") as defined byCanadian National Instrument 43-101, has reviewed and approved thetechnical information contained in this release.
Quality Assurance / QualityControl
RC chips were shipped for sample preparation to ALSLimited in Hermosillo, Sonora, Mexico and for analysis at the ALSlaboratory in North Vancouver. The ALS Hermosillo and North Vancouverfacilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzedusing 50-gram nominal weight fire assay with atomic absorptionspectroscopy finish. Over limits for gold (>10 g/t), were analyzedusing fire assay with a gravimetric finish. Silver and other elementswere analyzed using a four-acid digestion with an ICP finish. Overlimit analyses for silver (>100 g/t) were re-assayed using anore-grade four-acid digestion with ICP-AES finish. Control samplescomprising certified reference samples and blank samples weresystematically inserted into the sample stream and analyzed as part ofthe Company’s robust quality assurance / quality controlprotocol.
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 approximately31 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, VPExploration
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.
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