(TheNewswire)
Calgary, Alberta - TheNewswire – February 15, 2022 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) ( OTC:TCVNF ) ( FSE:TV3), ispleased to provide an update on operations at its Pilar Au-Ag Projectin Sonora, Mexico. A Phase III drill program is currently underwayfollowing up on Main Zone expansion targets and new target areasidentified in 2021. A second drill rig has been mobilized to increaseproductivity, a diamond drill rig will accompany RC drilling andassist in understanding the key geological and structural controls ofmineralization.
Drilling Update
Core drilling (JES-22-59) has been successful inintersecting a heavily oxidized and fractured mineralized breccia in atwin hole of RC drill hole JES-20-32, completed in 2020 ( 94.6m at 1.6g/t Au ).The strongest mineralization noted in JES-20-32, at 9.2m of 10.8 g/t Au and 38 g/t Ag correlates with a stronglyoxidized, brecciated andesite bounded by a distinct fault gauge.Mineralization appears to be primarily hosted in an intenselysilicified breccia with pyrite and in select areas copper sulphides(chalcopyrite and cuprite) (see Plates 1 & 2.). Assay results forJES-22-59 are pending. This information will be integral to theplanning and design of future drill programs and will provide a moreaccurate account of the distribution of grade through the Main Zone,helping to define a reliable geological model and future resourceestimate. At the Main Zone, four drill holes have been completed todate totalling 684 meters.
“Although the results of JES-22-59are visual at this stage, the direct correlation with assays resultsin the twin RC hole JES-20-32, indicate our Main Zone is hosted withina mineralized breccia.”, commented CEO, BrodieSutherland . “This issignificant as it suggests that mineralization is not isolated tonarrow veins but in places hosted in a broad breccia body that is muchmore attractive as a development target. Historically Pilar has seenover 22,200 meters of RC drilling and only 1,307 meters of coredrilling leaving a lot unknown about the true style and host ofmineralization. What we have been able to accomplish early on in thisprogram will have a profound impact on how we explore Pilar movingforward. We are excited to apply this knowledge across the property aswe drill target beyond our Main Zone.”
Metallurgy Update
In addition, the Company would like to announce that ithas entered a strategic arrangement with a local producer to assist inthe advancement of metallurgical studies. A bulk sample from trenchT-21-3 (Figure 1.) has been submitted to SGS (Durango) for columnleach study. In tandem with the processing and evaluation of thismaterial, the local producer has agreed to process additional samplesto aid in the advancement and optimization of metallurgical work.These studies have the ultimate goal of preparing Pilar for a largerbulk test mine scenario.
Plate 1. Photos of Core fromJES-22-59, twin of RC drillhole JES-20-32. 55m to 60m.
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A. Major faultzone bounding mineralization.
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B. Start ofmineralized breccia zone.
Plate 2. Photo of Core fromJES-22-59, twin of RC drillhole JES-20-32.
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C. 102m to 105m, silicified mineralizedbreccia
Figure 1. Cross-Section ofDrillhole JES-20-32
Table 1. Recap of results from RCdrillhole JES-20-32
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 ):
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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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17,700m of Historic Core RCdrilling. 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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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.
Quality Assurance / QualityControl
RC chips and drill core 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.
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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