(TheNewswire)
Calgary, Alberta - TheNewswire- March 2, 2022 - Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTC:TCVNF )( FSE:TV3), is pleased toprovide an update from its Pilar Au-Ag Project in Sonora, Mexico.Phase III drilling is currently in progress, 1,200 meters of coredrilling has been completed providing essential information across theMain Zone and 4-T Trend. Over 40% of these samples have been submittedto ALS (Hermosillo) for preparation and analysis. The remainingsamples are expected to be submitted over the next two weeks with moredrilling planned in the coming months. The company expects firstresults to be available later this month, including results from thepreviously announced (see February 15, 2022, announcement)intersection of silicified breccia host through the Main Zone, a coretwin of RC hole JES-20-32 which returned 94.6 meters of 1.6 g/t Au,including 9.2 meters of 10.8 g/t Au and 38 g/t Ag. Five (5)metallurgical samples for column leach study have been submitted foranalysis by SGS and a strategic partner. Results for metallurgy areexpected to be available in Q2 2022. 2021 bottle roll studies returnedover 90% recovery of gold after a 48-hour retention time.
Summary of Near-Term Catalysts
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Currently drilling Phase III drill program. First results pending.
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Bulk samples for advanced metallurgy currently at lab
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Moving towards maiden resource estimate and bulk test mine
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Exploration starting at brownfields Au-Ag project, Picacho 6 km ofprospective trend, 18km from producing San Francisco Mine
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Spin-out of BC Copper asset into new Cu focused company
Marketing and Investor AwarenessCampaigns
The Company has been actively growing its investorengagement through social media, YouTube and in person meetings. Aseries of videos with CEO, Brodie Sutherland will be released weeklyto discuss the latest results and forward-looking plans.
Please follow us to learn more:
For the latest updates, Twitter: @tocvanventures
For the latest videos, YouTube:
Annual General Meeting
The company’s Annual General Meeting (AGM) will takeplace April 8 th , 2022. Information regarding the meetingwill be disseminated over the next few weeks. The AGM was delayed dueto the COVID-19 global pandemic and resulting delays obtaining courtapproval of the spin-out transaction. The Company encourages allshareholders to participate in the meeting.
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 @ 0.70 g/t Auincluding 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.71g/t Au
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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 and 73g/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/t Au
16.5m @ 53.5g/t Au and 53g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46g/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.
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.
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: 403-668-7855
Email: bsutherland @tocvan.c a
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