(TheNewswire)
Calgary, Alberta – TheNewswire - April 26, 2022 Tocvan Ventures Corp. (the “Company”) (CSE:TOC ) ; ( OTC:TCVNF ) ; ( FSE:TV3), is pleased to announce drill results from its Pilar Au-AgProject in Sonora, Mexico. Results for core drill hole JES-22-62 areprovided in this release, a 125m southeast step-out from holeJES-22-59 (116.9m at 1.2 g/t Au), infilling a gap 100m west of holeJES 21-47 (47.3m at 0.7 g/t Au, see Figure 1). JES-22-62 returned 108.6-meters at 0.8 g/t Au and3 g/t Ag , including 31.9-meters at 2.4 g/t Au and 2 g/tAg . Within the broader mineralized interval,consistent high-grade gold mineralization was recorded within asilicified sulphide-bearing breccia returning 9.4-meters at 7.6 g/t Au and 5 g/t Ag (see Table 2).
A total of 1,562 meters of Phase III drilling has beencompleted in nine drill holes providing key information across theMain Zone and 4-T Trend. Results for four drill holes arepending.
Drill Highlights
JES-22-62 (Core)
-
108.6m at 0.8 g/t Au and 3 g/t Ag,from 48.7m
-
Including 31.9mat 2.4 g/t Au and 2 g/t Ag, from 125.4m
-
Including 9.4mat 7.6 g/t Au and 5 g/t Ag, from 144.8m
-
“We consider this new discovery ofhigh-grade breccia hosted mineralization on trend with our Main Zoneone of our most significant findings to date.”, commented Brodie Sutherland, CEO. “ It also confirms our exploration model fortargeting Pilar is effective in defining and expanding our mineralizedzones. Past drilling had returned good indications of mineralizationthrough this 200-meter gap area, but this is the first significantinterval to date that outlines the larger potential, and so far, thefurthest mineralization recorded to the southwest. Drill holeJES-22-62 expands our Main Zone and further confirms there is more tobe discovered at Pilar. We look forward to reviewing the remainingdrill hole data as it becomes available and planning our next steps atPilar.”
Discussion of Results
As part of the Phase III program, nine drill holes havebeen completed totalling over 1,562 meters (Figure 1). Drilling lookedto expand the Main Zone through 25, 50 and 100-meter step-outs to thesoutheast in a gap zone that has seen little drilling focused on themain trend between hole JES-20-32 (94.6m at 1.6 g/t Au) and holeJES-21-50 (39.7m at 0.96 g/t Au). Drilling also covered the 4-T Trendtesting below trench T-21-3, which returned 19.5 meters at 0.61 g/tAu.
Drill hole JES-22-62 was successful in intersecting asignificant zone of gold with broad mineralization in a silicifiedandesite host (108.9 meters of 0.8 g/t Au, including 31.9 meters of2.4 g/t Au). The intersection included a high-grade breccia zonegrading 7.6 g/t Au and 5 g/t Ag over 9.4 meters. The broader low-gradeinterval correlates with mineralization in the Main Zone Trend, thewell-established centre of mineralization at Pilar. Results arepending for two holes on this trend on either side of JES-22-62.Historic drill hole JES-18-3 intersected a high-grade Au-Ag zonereturning 13.5 meters of 5.6 g/t Au and 21 g/t Ag, 75-meters east ofJES-22-62. Indicating there are other parallel high-grade zonespresent in the area.
Figure 1. Map of Phase III DrillHoles.
Table 1. Summary of JES-22-62 DrillResults.
Hole ID | From (m) | To (m) | Width (m)* | Au (g/t) | Ag (g/t) |
JES-22-62 | 38.65 | 157.30 | 118.65 | 0.74 | 3.11 |
including | 48.70 | 157.30 | 108.60 | 0.81 | 2.91 |
including | 125.40 | 157.30 | 31.90 | 2.37 | 2.21 |
including | 144.80 | 154.22 | 9.42 | 7.63 | 5.27 |
*Reported widths are apparent widths, JES-22-62 was drilled at a 60degree inclination and is thought to be near perpendicular to the dipof mineralized structural trends.
Figure 2. Cross-Section ofJES-22-62.
Click Image To View Full Size
Table 2. Summary of results fromhigh-grade breccia zone.
Hole ID | Sample ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
JES-22-62 | 331179 | 143.50 | 144.80 | 1.30 | 0.32 | 0.70 |
331180 | 144.80 | 145.50 | 0.70 | 8.26 | 4.90 | |
331181 | 145.50 | 147.50 | 2.00 | 13.10 | 2.60 | |
331182 | 147.50 | 149.50 | 2.00 | 3.22 | 1.40 | |
331183 | 149.50 | 150.50 | 1.00 | 9.07 | 3.00 | |
331184 | 150.50 | 152.40 | 1.90 | 6.14 | 14.90 | |
331185 | 152.40 | 154.22 | 1.82 | 7.01 | 3.80 | |
331187 | 154.22 | 155.30 | 1.08 | 0.28 | 0.25 |
Plate 1. Photo of Core fromJES-22-62.
-
A. Sections from 146.6m to 152.5m, silicifiedmineralized breccia,
part of high-grade interval, 9.4m at7.6 g/t Au and 5 g/t Ag.
Click Image To View Full Size
Click Image To View Full Size
May Webinar
The Company is hosting an investors webinar on Thursday, May 12th at 2:15 PM CST . Please join us in registering as we will discuss theCompany’s path forward:
https://meet.zoho.com/VGAMMqyhNZ
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 20,700 m of drilling have been completed to date.Significant results are highlighted below:
-
2021 Phase II RC Drilling Highlightsinclude ( all lengths are drilled thicknesses ):
-
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 and 73 g/t Ag,including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
-
-
Historic Core RC drilling.Highlights include:
-
61.0m @ 0.8 g/t Au
-
16.5m @ 53.5g/t Au and 53 g/t Ag
-
13.0m @ 9.6 g/t Au
-
9.0m @ 10.2 g/t Au and 46 g/t Ag
-
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 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.
Quality Assurance / QualityControl
RC chips and core samples were shipped for samplepreparation to ALS Limited in Hermosillo, Sonora, Mexico and foranalysis at the ALS laboratory in North Vancouver. The ALS Hermosilloand North Vancouver facilities are ISO 9001 and ISO/IEC 17025certified. Gold was analyzed using 50-gram nominal weight fire assaywith atomic absorption spectroscopy finish. Over limits for gold(>10 g/t), were analyzed using fire assay with a gravimetricfinish. Silver and other elements were analyzed using a four-aciddigestion with an ICP finish. Over limit analyses for silver (>100g/t) were re-assayed using an ore-grade four-acid digestion withICP-AES finish. Control samples comprising certified reference samplesand blank samples were systematically inserted into the sample streamand analyzed as part of the Company’s robust quality assurance /quality control protocol.
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
Copyright (c) 2022 TheNewswire - All rights reserved.