(TheNewswire)
Tocvan Discovers Mineralization 600mfrom Main Zone in Reconnaissance Drilling at Pilar.
Calgary, Alberta – TheNewswire - August 18, 2022 - Tocvan Ventures Corp. (the “Company”)(CSE: TOC ) ; ( OTC QB : TCVNF ) ; ( FSE: TV3), is pleased to announce the latestdrill results from its Pilar Au-Ag Project in Sonora, Mexico. Seven drill holes were completed, totalling1,382-meters. Results for the first three drill holes are highlightedin this release. All three drill holes were the first drilled in newareas and intersected alteration and structures known to hostgold-silver mineralization at Pilar. Two drill holes intersectedlow-grade gold and silver values indicating close proximity tosignificant mineralization. Hole JES-22-67 returned 30.5-meters of 0.4 g/t Au, including1.5-meters of 7.6 g/t Au (Figure 1). Drill holeJES-22-68 returned anomalous gold values. Results are pending for theremaining four drill holes.
Figure 1. Plan Map highlighting theresults from the latest stage of drilling at Pilar.
Drill Highlights
JES-22-66
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16.8m of 0.1 g/t Au and 18 g/t Ag,from 30.5m
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Incl., 6.1m of 0.3 g/t Au and 47 g/t Ag
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Incl., 1.5m of 0.6 g/t Au and 185 g/t Ag
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JES-22-67
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138.8m of 0.1 g/t Au, fromsurface
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Incl., 30.5m of 0.4 g/t Au
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Incl., 1.5m of 7.6 g/t Au , from surface
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“For the first holes testing thesenew trends to return anomalous mineralization is an excellentindication there is more to be discovered at Pilar”, commented CEO, Brodie Sutherland . “All three drill holes intersectedalteration, quartz-veining and fault structures know to hostsignificant mineralization at Pilar. The information from these holeswill assist in leading us towards new discoveries.”
Discussion of Results
As part of the ongoing Phase III drill program, a totalof seven reverse circulation (“RC”) drill holes have beencompleted, totalling 1,382-meters. Drilling focused on the 4-TExpansion and Extension targets and a new trend discovered during thelast stage of drilling (Figure 1).
JES-22-66
This drill hole was targeting surface mineralizationrecorded northeast of the 4-T Trend. Mineralization was recorded from30.5-meters to 47.3-meters with an elevated silver zone returning 6.1-meters of 0.3 g/t Au and 47 g/t Ag including, 1 .5-meters of 0.6 g/t Au and 185 g/t Ag . A3-meter-wide fault with iron-oxide alteration was intersected at108.3-meters. Follow-up work is warranted to fully evaluate thetrend.
JES-22-67
This drill hole was targeting elevated surfacemineralization recorded northeast of the 4-T Trend. High-grade goldmineralization ( 1.5-meters of7.6 g/t Au ) recorded from surface could bepartially sourced from alluvial enrichment along road corridors,indicating a broader source of mineralization in the area. Threequartz-sericite veins with pyrite were intersected at 128.1-meters to145.0-meters, 160.0 to 164.7-meters and 192.0 to 198.0-meters.Although no significant mineralization was recorded within theseveins, the presence of significant veining and alteration suggests thetrend has exploration potential. Follow-up work is warranted to fullyevaluate the trend.
JES-22-68
This drill hole was targeting the 4-T Extension,100-meters southeast of where surface sampling of artisanal workingsreturned 6.6 g/t Au and 433g/t Ag . Quartz-sericite veins with pyrite wereintersected at 45.8 to 58.0-meters, 147.9 to 151.5-meters and 189.1 to190.7-meters. Although no significant mineralization was recorded thestructure and alteration intersected indicate potential forsignificant mineralization continues along this trend. Results forJES-22-69, 100-meters to the northwest are pending.
About the Pilar Property
The Pilar Gold-Silver property is interpreted as astructurally controlled low-sulphidation epithermal system 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-T. Structural features and zones ofmineralization within the structures follow an overall NW-SE trend ofmineralization. Over 22,000 m of drilling has been completed to date.Significant results are highlighted below:
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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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15,000 of Historic Core RC drilling.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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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 approximately36 million shares outstanding and is earning 100% 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.
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 relatedto the speculative nature of the Company’s business, the Company’sformative stage of development and the Company’s financial position.Forward-looking statements contained herein are made as of the date ofthis news release and the Company disclaims any obligation to updateany 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
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
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