(TheNewswire)
Calgary, Alberta – TheNewswire - July 6, 2022 Tocvan Ventures Corp. (the “Company”) (CSE:TOC ) ; ( OTC:TCVNF ) ; ( FSE:TV3), is pleased to announce surface sample results from its ElPicacho Au-Ag Project in Sonora, Mexico. A surface exploration programhas been ongoing since April. At the Murcielago Prospect, a total of65 samples were collected with 14 samples returning values greaterthan 0.1 g/t Au (Table 1). Sampling defined a new target area yet tobe drilled. The Murcielago Prospect has been confirmed and expandedwith Au-Ag values ( 7.2 g/t Auand 36 g/t Ag ) hosted within a brecciateddolomitic limestone unit along a 450-meter west-southwest trend.Significant lead and zinc mineralization is noted to occur along withgold and silver within the prospect area ( 4.5 g/t Au, 197 g/t Ag, 4.8% Pb and 7.1%Zn ). Murcielago Prospect is the only mineraloccurrence on the El Picacho property identified to date hosted withinJurassic aged sedimentary rocks. Historic artisanal workings arepresent following high-grade mineralization from surface in shafts(Plate 1).
Surface Highlights
Murcielago
450-meter trend of gold-silver hosted in a brecciateddolomitic limestone, highlighted by:
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7.2 g/t Au, 36 g/t Ag and 4.4%Pb
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4.5 g/t Au, 197 g/t Ag, 4.8% Pb and7.1% Zn
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3.3 g/t Au, 67 g/t Ag and 1.6%Pb
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2.7 g/t Au, 25 g/t Ag and 1.9%Zn
Historic MurcielagoResults , highlighted by:
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15.1 g/t Au, 18 g/t Ag and 2.9%Pb
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13.8 g/t Au, 83 g/t Ag and 1.7%Pb
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8.8 g/t Au, 234 g/t Ag and 4.6%Pb
“The results from our recentsurface exploration program have confirmed another untested drilltarget at El Picacho.”, commented CEO, BrodieSutherland . “The MurcielagoProspect is one of six key target areas at El Picacho that has seenlittle to no drilling. The consistent mineralization seen across a450-meter trend coupled with high-grade historic results along oldshafts, makes Murcielago an additional compelling drill target as welook to unlock the potential of the project. Sonora is well known forcost-effective mines that can operate open pits with grades below 0.5g/t Au with very favourable production costs. Seeing this broadlow-grade mineralization and higher-grade within gives us a lot ofconfidence in the potential we have here.”
Update on Pilar Drill Program
As part of the ongoing Phase III drill program, a totalof four reverse circulation (“RC”) drill holes have been completedsince the program restarted on June 22 nd , totalling796-meters. Drilling completed to date has focused on the 4-TExpansion and Extension targets. Samples for the first two drill holeshave been submitted to the lab for analysis. Samples for the other twocompleted holes will be submitted later this week. Results arepending. As drilling continues, follow-up drilling on the newDiscovery Trend is planned next for targeting.
Table 1. Select Surface ExplorationProgram Results, Murcielago Prospect.
Sample | Type | Au (g/t) | Ag (g/t) | Cu (ppm) | Pb (ppm) | Zn (ppm) | Pb (%) | Zn (%) |
504689 | Rock | 7.19 | 35.9 | 164 | >10000 | 2750 | 4.35 | |
504655 | Rock | 4.52 | 197.0 | 1690 | >10000 | >10000 | 4.76 | 7.12 |
504688 | Rock | 3.25 | 66.5 | 641 | >10000 | 2860 | 1.62 | |
504666 | Rock | 2.71 | 24.7 | 220 | 6800 | >10000 | 1.91 | |
504703 | Rock | 2.71 | 12.5 | 332 | >10000 | >10000 | 1.65 | 1.35 |
504702 | Rock | 2.18 | 15.0 | 176 | >10000 | >10000 | 1.30 | 1.06 |
504704 | Rock | 1.50 | 5.8 | 148 | 9360 | >10000 | 1.16 | |
504687 | Rock | 0.84 | 1.9 | 48 | 984 | 469 | ||
504701 | Rock | 0.62 | 21.0 | 31 | 7910 | 3570 | ||
504640 | Rock | 0.59 | 20.6 | 61 | 243 | 11 | ||
504680 | Rock | 0.34 | 16.0 | 23 | 132 | 79 | ||
504635 | Rock | 0.15 | 4.3 | 31 | 732 | 20 | ||
504637 | Rock | 0.13 | 54.0 | 251 | 5710 | 30 | ||
504641 | Rock | 0.10 | 1.9 | 487 | 1405 | 126 |
Grab samples are selective in natureand may not be representative of broader mineralized zones.
Plate 1. Historic Artisanal Shaft,Murcielago Prospect.
Figure 2. Plan Map Highlighting theSurface Exploration Program Results, Murcielago Prospect.
Click Image To View Full Size
About the El Picacho Property
The El Picacho Gold-Silver property is interpreted asan orogenic gold system within the regional Caborca Orogenic Gold Beltknown for producing gold mines that include La Herradura and SanFrancisco. The project is 140 kilometers north of Hermosillo andtotals 2,414 hectares. Mineralization has beenidentified across the property totalling over six kilometers ofprospective trends. Surface sampling has identified high-grade goldand silver values. Primary target areas are summarized below:
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San Ramon
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1.4 km prospective trend;
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Several historic mine workingsassociated with low angle faults;
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Historic Drill Highlights (Both werereconnaissance holes with no follow-up):
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(Drill hole PD-01) 7.6m @ 0.73 g/tAu, including 3.0m @ 1.37g/t Au
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(Drill hole RCP-02) 10.7m @ 0.67 g/tAu, including 4.6m @ 1.4 g/t Au
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Rock Sampling highlights:
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22 g/t Au and 22 g/t Ag
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16 g/t Au and 26 g/t Ag
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14 g/t Au and 83 g/t Ag
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Cornea
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2.3 km prospective trend;
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Historic mine workings up to30-meters deep along shear-zones;
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Rock Sampling Highlights:
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26 g/t Au and 340 g/t Ag
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15 g/t Au and 66 g/t Ag
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15 g/t Au and 29 g/t Ag
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Jabali
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0.5 km prospective trend ;
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Historic mine workings amonglow-angle thrust faults;
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Rock Sampling Highlights
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32 g/t Au
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28 g/t Au and 10 g/t Ag
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El Puerto
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1.2 km prospective trend ;
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Historic mine workings along verticalshear-zones hosted within a banded gneiss;
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Rock Sampling Highlights
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8 g/t Au and 10 g/t Ag
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6.5 g/t Au and 176 g/t Ag
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Tortuga
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1.0 km prospective trend;
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Historic mine workings in Jurassicmetasediments surrounded by mineralized biotite gneiss;
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Rock Chip SamplingHighlights
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2m @ 4.4 g/t Au and 46 g/tAg
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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 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.
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 development and the Company’s financialposition. Forward-looking statements contained herein are made as ofthe date of this news release and the Company disclaims any obligationto update any forward-looking statements, whether as a result of newinformation, future events or results, except as may be required byapplicable 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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