(TheNewswire)
Calgary, Alberta – TheNewswire - May 27, 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 holes JES-22-61 andJES-22-64 are provided in this release, both Main Zone extensiontargets infilling a gap and stepping out from holes JES-22-59 (116.9mat 1.2 g/t Au) and JES-22-62 (108.6m at 0.8 g/t Au) (see Figure 1).JES-22-61 returned 63.4-metersat 0.6 g/t Au and 11 g/t Ag , including 29.9-meters at 0.9 g/t Au and18 g/t Ag . Within the broader mineralizedinterval, consistent gold mineralization was recorded within asilicified sulphide-bearing breccia returning 8.9-meters at 2.1 g/t Au, 45 g/t Ag and6.1% Zn , the highest consistent base-metalmineralization drilled to date (see Plate 1).JES-22-64 was successful in intersecting a broad anomalous gold zone,indicating mineralization continues further to the southeast.
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 two drill holes arepending.
Drill Highlights
JES-22-61 (Core)
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63.4m at 0.6 g/t Au and 11 g/t Ag,from 60.8m
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Including 29.9mat 0.9 g/t Au and 18 g/t Ag, from 60.8m
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Including 8.9mat 2.1 g/t Au, 45 g/t Ag and 6.1% Zn, from 81.8m
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JES-22-64 (Core)
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107.3m at 0.1 g/t Au, from 60.3m –Anomalous Zone on trend with JES-22-62
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Including 44.8mat 0.2 g/t Au, from 93.2m
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“Drilling southeast of our MainZone continues to return excellent gold and silver values in intenselysilicified breccia-hosted mineralization.”, commented Brodie Sutherland, CEO. “ Once again, the orientation of drillinghas maximized success through this extension zone returning consistentvalues that warrant more drilling to fully evaluate the potential ofthe area. We are excited to evaluate the next steps at Pilar as wecontinue to move the project forward.”
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-22-61 was successful in intersecting asignificant zone of gold with broad mineralization in a silicifiedandesite host (63.4 meters of 0.6 g/t Au, including 29.9 meters of 0.9g/t Au). The intersection included a silicified breccia zone grading2.1 g/t Au, 45 g/t Ag and 6.1% Zn over 8.9 meters. This is thehighest-grade base metal mineralization recorded to date. The broaderlow-grade interval correlates with mineralization in the Main ZoneTrend, 85-meters southeast of JES-22-59 (116.9m of 1.2 g/t Au) and50-meters northwest of JES-22-62 (108.6m of 0.8 g/t Au).
Drill hole JES-22-64, a 35-meter southeast step-outfrom JES-22-62, intersected a broad anomalous zone of 107.3-meters at0.1 g/t Au. Mineralization looks to continue to the southeast, furtherdrill testing along the trend will be required to confirm.
Results are pending for two holes on separate paralleltrends.
Figure 1. Map of Phase III DrillHoles.
Table 1. Summary of DrillResults.
Hole ID | From (m) | To (m) | Width (m)* | Au (g/t) | Ag (g/t) |
JES-22-61 | 60.75 | 124.10 | 63.35 | 0.61 | 10.74 |
including | 60.75 | 90.65 | 29.90 | 0.91 | 18.27 |
including | 81.75 | 90.65 | 8.90 | 2.11 | 44.81 |
JES-22-64 | 60.30 | 167.60 | 107.30 | 0.08 | 2.25 |
including | 93.20 | 138.00 | 44.80 | 0.15 | 1.00 |
including | 135.30 | 138.00 | 2.70 | 1.21 | 2.33 |
*Reported widths are apparent widths, JES-22-61 and JES-22-64 weredrilled at a 45 degree inclination both are thought to be nearperpendicular to the dip of mineralized structural trends.
Figure 2. Cross-Section ofJES-22-61.
Click Image To View Full Size
Plate 1. Photo of HQ Core fromJES-22-61. Sections from 81.8m to 90.7m, silicified mineralizedbreccia,
part of higher-grade interval, 8.9mat 2.1 g/t Au, 45 g/t Ag and 6.1% Zn.
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:
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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 @6.0g/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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Historic Core RC drilling.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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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 approximately33 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
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