(TheNewswire)
Calgary, Alberta - TheNewswire- December 15, 2021 - Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTC:TCVNF ) ( WKN:TV3/A2PE64), is pleased to announcedrilling has commenced at its Pilar Au-Ag Project in Sonora, Mexico.Building off of successful Phase I and II drill programs (Figure 1.),drilling of 5,000 to 8,000 meters is planned between now and July of2022. Drilling will focus on continued step-out drilling along theMain Zone Trend and new 4-Trench Trend. Exploration drilling willcontinue to evaluate target areas along the Triple Vein Zone. Surfaceexploration work is currently underway on key target areas and channelsamples from the recent trench program have been submitted foranalysis.
Drill Plan Overview
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Initial Phase of 3,500 meters drilling planned forQ1/2022, followed by up to 4,500 meters of drilling
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Drilling to include:
- Step-outs of Main Zone Expansiontargets
- JES-21-43: 35.1m @ 0.66 g/t Au
- JES-21-47 : 47.7m @ 0.75 g/t Au including 3m @ 5.6 g/tAu and 22 g/t Ag
- JES-21-50: 39.7m @ 0.96 g/t Au, including 1.5m @ 14.6g/t Au
- Step-out and Exploration drilling along4-Trench trend
- JES-21-53 : 15.3m @ 1.1 g/t Au – New 4-Trench Trend
- Exploration drilling alongTriple Vein Zone
- Four artisanal surface andunderground workings over 200-meter strike with surface sampling up to 4.5 g/t Au and 735 g/tAg .
“We are very excited to be backdrilling at Pilar.”, commented VP Exploration,Brodie Sutherland . “2021was a very successful year for us and we look forward to building offthat success by further evaluating the potential size of themineralized system at Pilar. With trenching already completed and nowwith drilling underway we expect 2022 to be a very active year atPilar. Drilling will pause momentarily over the holiday season andwill recommence in the New Year. We expect results from trenching bythe middle of January followed by our first drill results shortlyafter.”
Video Update from Pilar
Figure 1. Plan Map of HighlightDrill Holes 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 Drilling Highlightsinclude ( all lengths are drilled thicknesses ):
- 39.7m @ 0.96 g/t Au,including 1.5m @ 14. g/t Au
- 47.7m @ 0.75 g/t Auincluding 3m @ 5.6 g/t Au and 22 g/t Ag
- 29m @ 0.71g/t Au
- 35.1m @ 0.66 g/tAu
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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 and73 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:
- 61.0m @ 0.8 g/tAu
- 16.5m @ 53.5g/t Au and53 g/t Ag
- 13.0m @ 9.6 g/t Au
- 9.0m @ 10.2 g/t Au and46 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.
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 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, 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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