(TheNewswire)
Calgary, Alberta - TheNewswire – February 1, 2022 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) (CNSX:TOC.CN) ( OTC:TCVNF ) ( FSE:TV3), is pleased to announcesurface sample results from its Pilar Au-Ag Project in Sonora, Mexico.A surface exploration program was conducted in December following-upon target areas identified earlier in 2021. A total of 59 samples werecollected with 21 samples returning values greater than 0.5 g/t Au(Table 1). Sampling defined several new target areas yet to bedrilled. The Main Zone has been expanded with high-grade Au-Ag values( 9.2 g/t Au and 279 g/tAg ) along the southeast extent hosted in asilicified quartz vein breccia. The 4-T Trend has been extended to the southeast100-meters with high-grade Au-Ag values,highlighted by 6.6 g/t Au and433 g/t Ag hosted in a strongly silicifiedfault. A new vein corridor identified by several artisanal workingsand shafts over a 200-meterstrike has returned high-grade silver valueshighlighted by 524 g/t Ag and1.3 g/t Au hosted in a silicified quartz veinbreccia. In addition, mineralization has been identified further tothe south (300-meters) highlighted by 3.1 g/t Au and 27 g/t Ag .
Surface Results Highlights
Main ZoneExpansion
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New alteration corridor identified adjacent to MainZone, highlighted by:
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9.2 g/t Au and 279 g/t Ag
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4-T Trend extended over100-meters to the southeast, highlightedby:
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6.6 g/t Au and 433 g/t Ag
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3.5 g/t Au and 645 g/t Ag
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4.9 g/t Au and 32 g/t Ag
NEW Vein Target defined over 200-meter strike, highlighted by:
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1.3 g/t Au and 524 g/t Ag
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1.3 g/t Au and 94 g/t Ag
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1.1 and 48 g/t Ag
South Zone reconnaissance sampling returned :
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3.1 g/t Au and 27 g/t Ag
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2.5 g/t Au and 2 g/t Ag
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1.0 g/t Au and 29 g/t Ag
“The results from our recentsurface exploration program have further confirmed the significantdistribution of untested drill targets at Pilar.”, commented CEO, Brodie Sutherland . “We have now defined a 1.2 km corridorof Au-Ag mineralization at Pilar, half of which has seen no drilling.We plan to test these target areas with systematic drilling during thePhase III drill program currently underway. 2022 will be an importantyear for the advancement of Pilar as we look to better understand theextent of the mineralized system. ”
Table 1. Select Surface ExplorationProgram Results.
Sample ID | Prospect | Sample Type | Weight (kg) | Au (g/t) | Ag (g/t) |
7617 | Main Zone Expansion | GRAB | 4.98 | 9.22 | 279 |
7591 | 4-T | CHIP | 3.89 | 6.57 | 433 |
7603 | 4-T | CHIP | 3.54 | 4.87 | 32 |
7620 | 4-T | GRAB | 4.15 | 3.54 | 645 |
7568 | South | GRAB | 2.78 | 3.05 | 27 |
7577 | South | GRAB | 4.12 | 2.46 | 2 |
7590 | 4-T | CHIP | 3.66 | 1.63 | 8 |
7563 | NVZ | CHIP | 5.77 | 1.38 | 16 |
7586 | NVZ | GRAB | 4.32 | 1.31 | 94 |
7564 | NVZ | GRAB | 3.72 | 1.25 | 524 |
7561 | NVZ | GRAB | 3.22 | 1.08 | 48 |
7621 | NVZ | GRAB | 3.84 | 1.07 | 24 |
7571 | South | CHIP | 3.23 | 1.04 | 29 |
7592 | 4-T | CHIP | 3.71 | 0.85 | 13 |
7584 | NVZ | CHIP | 4.79 | 0.63 | 58 |
7593 | 4-T | CHIP | 6.43 | 0.61 | 4 |
7569 | South | GRAB | 4.03 | 0.59 | 1 |
7578 | South | CHIP | 4.65 | 0.54 | 14 |
7589 | 4-T | CHIP | 3.63 | 0.54 | 23 |
7594 | 4-T | CHIP | 5.00 | 0.52 | 24 |
7562 | NVZ | GRAB | 2.98 | 0.50 | 25 |
7606 | 4-T | CHIP | 4.80 | 0.40 | 24 |
7572 | South | CHIP | 3.98 | 0.38 | 1 |
7610 | 4-T | CHIP | 6.08 | 0.18 | 18 |
7619 | 4-T | CHIP | 5.08 | 0.16 | 54 |
7602 | 4-T | CHIP | 5.11 | 0.14 | 15 |
7600 | 4-T | CHIP | 5.56 | 0.11 | 10 |
7582 | NVZ | CHIP | 5.12 | 0.09 | 1 |
7579 | South | CHIP | 4.57 | 0.08 | 18 |
7611 | 4-T | CHIP | 3.86 | 0.08 | 11 |
4-T, notes the 4-Trench prospectivetrend. NVZ, notes the New Vein Target identified by sampling andmapping. Grab samples are selective in nature and may not berepresentative of broader mineralized zones. Chip samples are takenover 0.5-2m lengths.
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 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 approximately32 million shares outstanding and is earning100% into two exciting opportunities in Sonora, Mexico: the PilarGold-Silver project and the El Picacho Gold-Silver project. Managementfeels both projects represent tremendous opportunity to createshareholder 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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