(TheNewswire)
Calgary, Alberta - TheNewswire – December 9, 2021 Tocvan Ventures Corp. (the “Company”)(CSE:TOC ) ( OTC:TCVNF ) ( WKN:TV3/A2PE64), is pleased to update on the trenching program at its Pilar Au-AgProject in Sonora, Mexico. Trenching has started with four trenchescompleted to date at 4-Trench, North Hill and Main Zone targets. Atrench at North Hill is complete and has been channel sampled toanalyze an anomalous copper zone with oxide gold-silvermineralization. A trench at 4-Trench is complete and will be used forstructural analysis and future drill targeting. Two Main Zone trenchesare complete and material will be used for column leach studies anddetailed structural analysis. Channel sample results from trenches areexpected in January 2022 followed by submittal of bulk sample materialfor metallurgical test work. Drilling following up on Phase II drillprogram targets is scheduled to begin within the next week.
Trench Plan Overview
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Up to Seven (7) trenches proposed for the operatingseason, totalling 140 meters
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Targets Include:
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Main Zone Oxide Mineralization
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North Hill Oxide and Copper Zone
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4-Trench Trend, structural analysis
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“Trenching is well underway and welook forward to starting drilling in the next few days.”, commented VP Exploration, BrodieSutherland . “Our trenchprogram at Pilar will assist in guiding future drill programs as wellas provide bulk sampling material across our oxide targets for moreadvanced metallurgical test work scheduled to be completed in the NewYear”
Video Update from Pilar
Trench Target Details
Main Zone
The primary target in the Main Zone is the centre ofhigh-grade oxide gold-silver mineralization. One 20-meter trench isplanned to cut through the Main Zone where surface channel samplinghas yielded 10m @ 2.5 g/t Auand 27 g/t Ag.
A second trench is planned 100m north west of theprimary target to test oxide mineralization at surface where surfacesampling returned a rangebetween 0.3 g/t and 6.2 g/t Au .
North Hill
The target for the North Hill prospect is a broad20-meter zone of oxide gold-silver mineralization associated withanomalous copper (malachite and azurite after chalcopyrite) hosted inquartz veins, stockwork and breccias. Channel surface sampling acrossthis zone averaged 1.7 g/t Au,56 g/t Ag and 0.4% Cu .
Photo 1. Trenching at Pilar Au-AgProject North Hill Prospect.
Click Image To View Full Size
Click Image To View Full Size
Plate 1: Photos of oxidemineralization at North Hill Prospect with secondary copper (malachiteand azurite). Past surface sampling returned ranges of 0.35 g/t to 3.3g/t Au, 13 to 178 g/t Ag and 0.09% to 1.1% Cu.
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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39.7m @ 0.96 g/t Au, including 1.5m @14. g/t Au
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47.7m @ 0.75 g/t Au including 3m @5.6 g/t Au and 22 g/t Ag
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29m @ 0.71g/t Au
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35.1m @ 0.66 g/t Au
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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.
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 has approximately31 million shares outstanding and is earning 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.
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, VPExploration
950-736 6 Ave SW
Calgary, Alberta T2P 3T7
Telephone: 403-668-7855
Email: bsutherland @tocvan.c a
This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from suchregistration is available.
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