(TheNewswire)
Calgary, Alberta - TheNewswire- November 15, 2021 - Tocvan Ventures Corp. (the “Company”)(C NSX :TOC. CN) ( OTC:TCVNF )( FSE/WKN:TV3/A2PE64), ispleased to announce the exploration plans for its El Picacho Au-AgProject in Sonora, Mexico. El Picacho was a recent acquisition withthe company negotiating the assignment of the option agreement fromMillrock Resources. Fiveprimary target areas (San Ramon, Cornea, Jabali,Puerto and Tortuga) have been identified to date combining for over 6 kilometers ofprospective trend . The project is fully permitted for 1,995 meters oftrenching , 60 drill holes (up to 15,000m) and 2.2kilometers of access roads. The permit is a critical piece to theadvancement of El Picacho and will allow Tocvan to scale-upexploration as needed. The company remains focused on its advancedstage Pilar Gold-Silver Project, however the high perspectivity of ElPicacho warrants further investigation.
2021/2022 Exploration Plans
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- Target Evaluation
- Surface Sampling and Detailed Target Mapping
- Trenching and Channel Sampling of PriorityTargets:
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- San Ramon (Permitted up to 800m)
- Cornea (Permitted up to 800m)
- Jabali (Permitted up to 400m)
- Drill Targeting (Permitted for up to 15,000m in 60drillholes across the 5 primary target areas)
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“As we look to continue theadvancement of our Pilar Project we are equally excited to beginexploration at El Picacho.” commented VPExploration, Brodie Sutherland . “El Picacho is an important acquisition for Tocvan as we look toexpand our portfolio of quality gold-silver assets in Sonora. TheCaborca Orogenic Belt is host to major gold and silver producing minesand we believe the geology and structural features at El Picacho arefavourable to the orogenic gold model. To date, five primary targetareas have been defined showing excellent potential from surface rockand channel sampling. Each target area has several historic mineworkings along key structures further confirming the potential for abroad mineralized system. The majority of these targets have neverbeen drill tested, and we look forward to advancing these targets todrill ready status over the next year. ”
Figure 1. Plan Map of El PicachoTarget Areas. All 5 targets are permitted for Drilling up to 15,000m.San Ramon, Cornea and Jabali are permitted for up to 2,000m oftrenching.
Photo 1: El Picacho Project Area withSan Francisco Mine in the background (white arrow).
Photo 2: Historic Working alongshear-zone – Cornea Target
Photo 3: Mineralized Quartz CarbonateVein – Jabali Target
About the 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:
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- San Ramon
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- 1.4 km prospective trend;
- Several historic mine workingsassociated with low angle faults;
- Historic Drill Highlights (Bothwere reconnaissance holes with no follow-up):
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- (Drill hole PD-01) 7.6m @ 0.73 g/tAu, including 3.0m @ 1.37g/t Au
- (Drill hole RCP-02) 10.7m @ 0.67g/t Au, including 4.6m @ 1.4 g/t Au
- Rock Sampling highlights:
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- 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
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- Cornea
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- 2.3 km prospective trend;
- Historic mine workings up to30-meters deep along shear-zones;
- Rock Sampling Highlights:
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- 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
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- Jabali
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- 0.5 km prospective trend ;
- Historic mine workings amonglow-angle thrust faults;
- Rock Sampling Highlights
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- 32 g/t Au
- 28 g/t Au and 10 g/t Ag
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- El Puerto
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- 1.2 km prospective trend ;
- Historic mine workings alongvertical shear-zones hosted within a banded gneiss;
- Rock Sampling Highlights
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- 8 g/t Au and 10 g/t Ag
- 6.5 g/t Au and 176 g/t Ag
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- Tortuga
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- 1.0 km prospective trend;
- Historic mine workings in Jurassicmetasediments surrounded by mineralized biotite gneiss;
- Rock Chip SamplingHighlights
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- 2m @ 4.4 g/t Au and 46 g/tAg
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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.
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
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