(TheNewswire)
Calgary, Alberta - TheNewswire – January 18, 2022 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTCQB:TCVNF ) ( WKN:TV3/A2PE64), is pleased to announcetrench results from its Pilar Au-Ag Project in Sonora, Mexico. A totalof four trenches were completed in December, 2021 totalling 80 meterslength. All four trenches intersected mineralization with two trenchesyielding consistent mineralization across the entire length of thetrench. T-21-2, intersected 19.5 meters of 0.61 g/t Au across the entirelength of the trench in an area along the developing 4-Trench Trend.T-21-3, yielded 19.8 meters of0.73 g/t Au and was targeted to provide keygeochemical information across the Main Zone where mineralizationoutcrops at surface. Initial bulk-sample material from T-21-3 will besubmitted to SGS Laboratories in Durango, Mexico and used for columnleach studies. Follow-up metallurgical studies will utilize thesurface material extracted from the other three trenches.
Trench Results Highlights
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T-21-1 – 4.9m at 0.55 g/t Au and 11g/t Ag
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T-21-2 – 19.5m at 0.61 g/t Au and 6g/t Ag
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Including, 11.5m at 0.87 g/t Au and 7g/t Ag
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Including, 2.7m at 3.01 g/t Au and 20g/t Ag
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T-21-3 – 19.8m at 0.73 g/t Au and 8g/t Ag
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Including 8.6m at 1.27 g/t Au and 12g/t Ag
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T-21-4 – 7m at 0.54 g/t Au and 5g/t Ag
“The results from our trenchprogram are very encouraging, especially in regard to defining keymaterial for advanced metallurgical studies and showcasing the surfacecontinuity of gold values.”, commented CEO,Brodie Sutherland .“Material from these trenches will be utilized for advanced columnleach studies to build off our encouraging bottle roll results from2021 that yielded over 90% recovery of gold. Trench T-21-2 has yieldedpromising results in our developing 4-Trench Trend which we willfollow up with systematic drill targeting.”
Discussion of Trench Results
Trenches completed were 20 meters long, up to 5 meterswide and up to 2 meters deep. Samples were collected as channelsamples perpendicular to structures over intervals up to 2 meters inlength and adjusted to match changes in lithology or alteration.
T-21-1: Thistrench was completed to test a broad mineralized zone with visiblecopper oxide mineralization along the northwestern most extent of thePilar main vein trend. The trench totalled 21.5 meters in length andintersected 4.9 meters of 0.55g/t Au and 11 g/t Ag . Weak anomalous coppervalues averaged 0.1% across the entire length of the trench. Coppermineralization is a unique characteristic to this northwestern area ofthe property.
T-21-2: Thistrench was completed to better understand the controls ofmineralization along the 4-Trench Trend. The trench returnedsignificant mineralization across the entire length of the trench,intersecting 19.5 meters of0.61 g/t Au and 6 g/t Ag. A mineralized faultstructure returned higher grades across 2.7 meters with 3 g/t Au and 20 g/tAg . The results from thistrench further confirms the prospectivity of the 4-Trench target andthe importance of continuing systematic exploration across the trend.Material from this trench will be selected for later metallurgicaltest work.
T-21-3: Thistrench was completed to collect fresh channel samples across thesurface expression of the Main Zone showing. Significantmineralization was intersected across the entire length of the trench,returning 19.8 meters of 0.73g/t Au and 8 g/t Ag, including 8.6 meters of 1.3 g/t Au and 12 g/tAg . Historic sampling suggests the mineralizedzone extends on either side of the trench.Material from this trench will be bulk sampled for detailed columnleach metallurgical test work.
T-21-4: Thistrench was completed to test the northwestern extent of the Main Zonesurface expression where a historic artisanal adit is located alongthe mineralized trend. The trench totalled 21 meters in length andintersected 7 meters of 0.54g/t Au and 5 g/t Ag . Material from this trenchwill be selected for later metallurgical test work.
Table 1. Summary of Trench ProgramResults.
Trench | Cutoff (Au g/t) | From | To | Length (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | Pb (ppm) | Zn (ppm) |
T-21-1 | None | 0.0 | 21.5 | 21.5 | 0.18 | 5 | 1219.86 | 49.96 | 256.25 |
T-21-1 | 0.1 | 3.5 | 15.8 | 12.3 | 0.28 | 7 | 1136.35 | 60.97 | 279.73 |
T-21-1 | 0.5 | 4.6 | 9.5 | 4.9 | 0.55 | 11 | 1162.16 | 109.27 | 235.12 |
T-21-2 | None | 0.0 | 21.5 | 21.5 | 0.57 | 6 | 457.73 | 512.09 | 5816.81 |
T-21-2 | 0.1 | 2.0 | 21.5 | 19.5 | 0.61 | 6 | 498.12 | 497.84 | 6140.59 |
T-21-2 | 0.5 | 6.0 | 17.5 | 11.5 | 0.87 | 7 | 578.20 | 491.47 | 6558.39 |
T-21-2 | 1 | 6.0 | 8.7 | 2.7 | 3.01 | 20 | 1979.44 | 1404.44 | 11827.78 |
T-21-3 | 0.1 | 0.0 | 19.8 | 19.8 | 0.73 | 8 | 268.53 | 112.09 | 3336.15 |
T-21-3 | 0.5 | 1.2 | 13.8 | 12.6 | 1.02 | 9 | 344.22 | 147.86 | 4259.03 |
T-21-3 | 1 | 1.2 | 9.8 | 8.6 | 1.27 | 12 | 279.67 | 198.72 | 5739.51 |
T-21-4 | None | 0.0 | 21.0 | 21.0 | 0.24 | 2 | 246.90 | 39.07 | 1597.48 |
T-21-4 | 0.1 | 10.0 | 21.0 | 11.0 | 0.43 | 4 | 359.36 | 51.50 | 2613.18 |
T-21-4 | 0.5 | 12.0 | 19.0 | 7.0 | 0.54 | 5 | 401.57 | 56.36 | 3110.71 |
Figure 1. Plan Map of HighlightingTrench Program.
Figure 2. Schematic Cross-Sectionalong trench T-21-3
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 Drilling Highlightsinclude ( all lengths are drilled thicknesses ):
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39.7m @ 0.96 g/t Au, including 1.5m @14. g/t Au
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47.7m @ 0.70 g/t Au including 3m @5.6 g/t Au and 22 g/t Ag
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29m @ 0.71g/t Au
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35.1m @ 0.66 g/t Au
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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 @6.0g/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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17,700m of Historic Core RCdrilling. Highlights include:
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61.0m @ 0.8 g/t Au
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16.5m @ 53.5g/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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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., 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.
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 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 development and the Company’s financialposition. Forward-looking statements contained herein are made as ofthe date of this news release and the Company disclaims any obligationto update any forward-looking statements, whether as a result of newinformation, future events or results, except as may be required byapplicable 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
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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