Calgary, Alberta – February 19, 2021. Tocvan Ventures Corp. (CSE: “TOC”) (“Tocvan” or the “Corporation”) is pleased to announce the start of the next phase of exploration at Pilar. Work will include detailed mapping and sampling of key targets across the Pilar Gold-Silver Project. The aim of the program will be to advance key targets to drill ready status for a Phase II drill program planned in the next couple of months.
Key Target Areas:
Main Zone Extension
- 800 meter southeast extension of the Main Zone
- Historic drillhole JES-18-03 13.5 m @ 5.6 g/t Au and 22 g/t Ag
- 800 meters of anomalous soils with values ranging from 106 ppb to 911 ppb Au
- Rock grab samples including 9.3 g/t Au and 76 g/t Ag
- 600 meter trend that includes the 4-Trench Zone highlighted by:
- Historic drillhole K-16: 7.5 m @ 3.3 g/t Au and 31 g/t Ag
- 600 meters of anomalous soils with values ranging from 118 ppb to 2,030 ppb Au
- Rock grab samples including 24 g/t Au and 116 g/t Ag
- Network of historic artisanal workings
“We are excited to have boots back on the ground at Pilar,” commented VP Exploration, Brodie Sutherland. “The results released last week for our Phase I drill program show the potential to grow the known extent of mineralization at depth and along strike. The high-grade gold and silver intercepts provide evidence for deep rooted structures which we are just starting to uncover. Detailed mapping and sampling of the surface expressions of these structures will aid in drill targeting as we move towards a Phase II drill program. In addition, the 4-Trench Zone provides the opportunity to discover a parallel trend to the Main Zone of equal significance.”
Figure 1. 3D Map of Pilar Gold-Silver Project Targets with 2020 Drill Highlights
About the Pilar Property
The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite and rhyolite rocks. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4 Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 19,200 m of drilling have been completed to date. Significant results are highlighted below from previous operators:
- 17,700m of Historic Core & RC drilling. Highlights include (all lengths are drilled thicknesses):
- o 0.8 g/t Au over 61 m
- o 53.5g/t Au & 53 g/t Ag over 16.5 m
- o 9.6 g/t Au over 13 m
- o 10.2 g/t Au & 46 g/t Ag over 9 m
- 2,650m of surface and trench channel sampling. Highlights include:
- o 55 g/t Au over 3 m
- 28.6 g/t Au over 6 m
- 3.4 g/t Au over 50 m
- Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the Main Zone, North Hill Zone, and 4-Trench Zone.
Brodie A. Sutherland, P.Geo., VP Exploration for Tocvan Ventures Corp. and a qualified person (“QP”) as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan Ventures currently has approximately 25 million shares outstanding and is earning into two exciting opportunities. The Pilar Gold project in Sonora, Mexico and the Rogers Creek project in southern British Columbia, management feels both projects represent tremendous opportunity.
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This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by 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 and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Derek A. Wood, President and CEO
Suite 1150 Iveagh House,
707 – 7th Avenue SW
Calgary, Alberta T2P 3H6
Telephone: (403) 200-3569
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