(TheNewswire)
Calgary, Alberta – TheNewswire - December 1, 2022 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) ; ( OTC:TCVNF ) ; ( FSE:TV3), is pleased to announce theaddition of two new Directors to the Board. The Company welcomes RalphWintermantel and Luis Manuel Arroyo Domínguez to the Board ofDirectors. Mr. Wintermantel, a resident of Germany brings over 20years of financial market experience and provides a crucial link tothe Company’s strong European shareholder base. Mr. Arroyo, aresident of Mexico brings an impressive 48 years of professionalexperience in mine operations and will be an excellent resource withhis background in moving projects from exploration to production. Incoordination with these changes, Fred Jones will be stepping down fromthe Board. Mr. Jones will remain a close advisor to the Company. TheCompany thanks Mr. Jones for his time as a member of the Board ofDirectors and wishes him the best in future endeavors.
About Ralph Wintermantel
Mr. Wintermantel has been active in the financial market forover 20 years. After heading the communications and investor relationsdepartments of several listed companies in Germany, he spent aroundthree years at Deutsche Bank AG, most recently as Vice President.During these three years, he was internally and then after externallyresponsible for the financial magazine db-Xpress as Editor-in-Chieffor 12 years. Since 2009 he was Managing Director of the VPC Group - acommunications and marketing agency focusing on capital markets, IPOsand roadshows and since summer 2022 he offers the same services withhis own company WINKAP. He is a member of the Lions ClubFrankfurt-Paulskirche and the Federal Association for EconomicDevelopment and Foreign Trade (BWA). Previously, he was Vice Presidentof the German Asia Business Circle e.V. (DAW) and Secretary General ofClub Diplomacy Frankfurt.
About Luis Manuel Arroyo Domínguez
Mr. Arroyo Domínguez, a professional Mine Engineer,has over 48 years of professional experience in Mining Projects, MineOperations, Mine Planning, Environmental Health and Safety, CommunityDevelopment and Exploration. He has specific expertise in greenfieldproject development, open pit mine operations, and environmentalhealth and safety. Mr. Arroyo brings a range of experience fromexploration through to mine operations and environmental complianceand permitting through to mine closure. Throughout his career Mr.Arroyo worked with companies that include ArcelorMittal, Luismin,SICARTSA, Peña Colorada, Minera del Norte. After serving a Directorand Principal Mine Engineer for SRK Consulting Mexico, Mr. Arroyoformed a partnership with ECT Consultants, who specialize in providingEarth Science specialists to mining industry, including explorationand mining engineering. Mr. Arroyo is a member of the Mining,Geologist and Metallurgist Mexico Association and CIMGM, Mr. Arroyowas a candidate (2015) for the National Mining Environmental Award andserved as President of the Sustainable Development Council, Durangofrom 2000 to 2001.
"With these key additions toour Board the Company strengthens on two important fronts,” stated Brodie Sutherland, CEO . “Mr. Wintermantel provides anexcellent financial background and an important connection to ourEuropean shareholders. Mr. Arroyo Domínguez provides a wealth of experience towardsthe development of both our projects in Sonora, Mexico. As we seek toadvance our projects and attract strategic partnerships in the region,Mr. Arroyo’s background and network with producing companiesincreases our ability to execute. Welcome on board.”
El Picacho Drill Program
A maiden drill program is ongoing at the El PicachoGold-Silver Project in Sonora, Mexico. The Company will provide afull-update at the conclusion of the first stage of drilling. Theinitial stage is drill targeting the shallow targets defined at theSan Ramon Prospect, an area approximately 500-meters by 500-meters insize where two extensive underground workings have returned high-gradegold with silver. San Ramon represents one prospect of currentlyseven prospect areas (see Figure 1) across the24km 2 property that are defined by artisanal underground workings(adits and shafts) that coincide with high grade gold and silvermineralization. Collectively these prospect areas make upsix-kilometers of prospective trend that have yet to be drill tested.
Photo 1. ElPicacho Project, Current Drill Program at San Ramon Prospect.
About the El Picacho Property
The El Picacho Gold-Silver property is interpreted as an orogenic goldsystem within the regional Caborca Orogenic Gold Belt known forproducing gold mines that include La Herradura (>10 Moz Au) and SanFrancisco (>3 Moz Au). The project is 140 kilometers north ofHermosillo and only 18 kilometers southwest of the producing SanFrancisco Mine. The Project totals 24 square kilometers. Five primaryzones of mineralization have been identified across the propertytotalling over six kilometers of prospective trends. Surface samplingand historic workings have identified high-grade gold and silvervalues. The project has only seen widely spaced reconnaissancedrilling with no follow-up. Tocvan believes this provide an excellentopportunity for discovery of a muti-million ounce district.
Figure 1. Overviewmap of the El Picacho Gold-Silver Project.
Figure 2.Schematic Cross-Section of The El Picacho Exploration Model.
San Francisco Pit outline shown assize reference only
About the Pilar Property
The Pilar Gold-Silver property has recently returnedsome of the regions best drill results. Coupled with encouraging goldand silver recovery results from metallurgical test work, Pilar isprimed to be a potential near-term producer. Pilar is interpreted as astructurally controlled low-sulphidation epithermal system hosted inandesite rocks. Three primary zones of mineralization have beenidentified in the north-west part of the property from historicsurface work and drilling and are referred to as the Main Zone, NorthHill and 4-T. The Main Zone and 4-T trends are open to the southeastand new parallel zones have been recentlydiscovered. Structural features and zones of mineralization within thestructures follow an overall NW-SE trend of mineralization.Mineralization extends along a 1.2-km trend, only half of that trendhas been drill tested so far. To date, over 22,000 m of drilling hasbeen completed.
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2022 Phase III Diamond DrillingHighlights include ( all lengths are drilled thicknesses ):
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116.9m @ 1.2 g/t Au, including 10.2m@ 12 g/t Au and 23 g/t Ag
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108.9m @ 0.8 g/t Au, including 9.4m @7.6 g/t Au and 5 g/t Ag
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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
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2021 Phase II RC Drilling Highlightsinclude ( all lengths are drilled thicknesses ):
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2020 Phase I RC Drilling Highlights include ( all lengths are drilledthicknesses
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94.6m @ 1.6 g/t Au, including 9.2m @10.8 g/t Au and 38 g/t Ag;
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41.2m @ 1.1 g/t Au, including 3.1m @6.0 g/t Au and 12 g/t Ag ;
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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
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15,000m of Historic Core RCdrilling. Highlights include:
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61.0m @ 0.8 g/t Au
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16.5m @ 53.5 g/t Au and 53 g/t Ag
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13.0m @ 9.6 g/t Au
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9.0m @ 10.2 g/t Au and 46 g/t Ag
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Figure 3. Map ofSonora, Mexico with the location of Tocvan’s Projects relative toother major Sonora projects
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 approximately37 million shares outstanding and is earning100% into two exciting opportunities in Sonora, Mexico: the PilarGold-Silver project and the El Picacho Gold-Silver project. Managementfeels both projects represent tremendous opportunity to createshareholder value.
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.
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, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
Email: ir @tocvan.c a
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