(TheNewswire)
Calgary, Alberta - TheNewswire – August 26, 2021 . Tocvan VenturesCorp. ( CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF)(“ Tocvan ” or the “ Corporation ”) ispleased to provide a summary from its Phase II drill program (the“ Program ”) at the Pilar Gold-Silver Project in Sonora, Mexico. APhase II drill program was completed in June with over 3,500 meters ofreverse circulation (RC) drilling in twenty (20) drill holes. Drillingwas successful in three key target areas: 1) Main Zone Expansion, 30mto the northwest and a total of 150m to the southeast; 2) 4 TrenchZone, definition of a new mineralized trend over a 500m strike,parallel to the Main Zone; 3) Triple Vein Zone, one hole drilled,intersected a narrow silver-rich zone with gold. Results for the PhaseII program are encouraging and warrant further drill definition tocontinue to expand the know areas of Au-Ag mineralization at Pilar,highlights from the Phase II program are summarized below.
Tocvan plans to initiate its next phase of explorationwith the start of a trenching program in October of this year.Trenches will be used to better define surface mineralization andprovide material for initial bulk sampling. Immediately followingtrenching a Phase III drill program of a similar scope to Phase IIwill continue the advancement of the project. The project is permittedto complete the planned trench and drill programs.
Phase II Drill Highlights
Main Zone
JES-21-38 –30m NW of Phase I step-out JES-20-36
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- 29.0 meters at 0.71 g/t Au and 2g/t Ag (0.73 AuEq) from surface to 29.0meters
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- Including 3.1meters at 2.6 g/t Au from surface to 3.1meters
- Also, Including 6.1 meters at 1.9 g/t Au from 22.9 to 29.0meters
- And, 24.4meters at 0.56 g/t Au from 67.1 to 91.5meters
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- Including 9.2meters at 1.3 g/t Au and 14 g/t Ag from 79.3 to88.5 meters
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JES-21-43 – 100m E of Phase I JES-20-32
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- 35.1 meters at 0.66 g/t Au and 6g/t Ag (0.72 g/t AuEq) from 97.6 to 132.7meters
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- Including 13.7 meters at 1.7 g/t Au from 119 to 132.7meters
- Including 3.1meters at 6.8 g/t Au and 7 g/t Ag from 119 to122 meters
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JES-21-47 –100m SE of Phase I JES-20-32
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- 47.3 meters at 0.70 g/t Au and 5g/t Ag (0.80 g/t AuEq) from surface to 47.3meters
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- Including 12.2 meters at 1.1 g/t Au and 12 g/t Ag fromsurface to 12.2 meters
- Also 19.8meters at 0.94 g/t Au and 6.6 g/t Ag from 27.5to 47.3 meters
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- Including 3.1meters at 5.6 g/t Au and 22 g/t Ag from 44.2 to47.3 meters
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JES-21-50 –50m SE of JES-21-47
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- 39.7 meters at 0.96 g/t Au and 2g/t Ag from 39.7 to 79.3 meters
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- Including 12.2 meters at 3.0 g/t Au and 6 g/t Ag from39.7 to 51.9 meters
- Including 1.5meters at 14.6 g/t Au and 11 g/t Ag from 48.8 to50.3 meters
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4 Trench Zone
JES-21-53
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- 15.3 meters at 1.1 g/t Au and 2 g/tAg from 36.6 to 51.9 meters
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- Including 4.6meters at 2.4 g/t Au and 3 g/t Ag from 41.2 to45.8 meters
- Including 1.5meters at 4.6 g/t Au and 3 g/t Ag from 42.7 to44.2 meters
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Triple Vein Zone
JES-21-56
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- 1.5 meters at 0.57 g/t Au and 139g/t Ag from 216.6 to 218.1 meters
Figure 1. Planview Map of Phase II Drill ProgramHighlights.
Figure 2. 3D Map of Phase II Drill ProgramSummary
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 19,200 m of drilling have been completed to date.Significant results are highlighted below:
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- 2020 Phase I RC Drilling Highlights include( alllengths are drilled thicknesses ) :
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- 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
- 17,700m of Historic Core & RCdrilling. Highlights include:
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- 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
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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 currently hasapproximately 28 million shares outstanding and is earning into twoexciting opportunities. The Pilar Gold-Silver project in Sonora,Mexico and the Rogers Creek Copper project in southern BritishColumbia, management feels both projects represent tremendousopportunity to create shareholder value.
FOR FURTHER INFORMATION, PLEASECONTACT:
TOCVAN VENTURES CORP.
Derek A. Wood, President and CEO
Suite 950
736 – 6 th Avenue SW
Calgary, Alberta T2P 3TJ
Telephone: (403) 668 7855 EXT 101
Email: dwood@tocvan.ca
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.
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