InvestmentPitch Media Video Discusses Tocvan's Drill Results including 29m of 0.71 g/t Gold from Surface and 24.4m of 0.56 g/t Gold in Expansion Drilling at Pilar in Mexico - Video News Alert on Investmentpitch.com | INN

TOCVAN Ventures Corp. (CSE: TOC) (FSE: TV3) announced results for the first three holes from its Phase II drill program at the Pilar Gold-Silver Project in Mexico. Tocvan has an option to acquire 100% of the Pilar property, located 140 kilometers south-east of the city of Hermosillo in the historic Sonora gold district in Mexico.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Tocvan" in the search box.

The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite 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 Zone and 4-Trench Zone. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization.

A Phase II drill program is currently in progress with 2,900 meters of reverse circulation drilling in 17 drill holes completed to date. The 3 holes release today are shown in green, with assay results for 14 drill holes shown in red still pending.

JES-21-37 tested a CSAMT resistivity anomaly that correlated with surface quartz veins. A 6.1m zone was intersected with 0.52 g/t gold equivalent, followed by a second zone of 4.6m at 0.62 g/t gold equivalent. Consistent with surface observations and other drill holes in the area, copper values were elevated in this hole with one interval returning 1.5m at 1.1 g/t gold, 24 g/t silver and 1.2% copper.

JES-21-38 tested the continuation of mineralization intersected in drill hole JES-20-36 and to test 25m up dip and further east of historic drill hole R-8, which intersected 40.4m at 1.4 g/t gold, including 3m at 10.9 g/t gold and 117 g/t silver. Two zones of significant mineralization were intersected, 29m at 0.71 g/t gold, starting at surface, and 24.4m at 0.56 g/t gold. Higher silver values were intersected in the deeper interval with a 3m zone grading 1.5 g/t gold and 34 g/t silver.

JES21-39 tested quartz veining and alteration recorded at surface to the west of the Main Zone which directly correlated with an IP anomaly and also to confirm the location of the regional fault bounded biotite granodiorite that lies to the west of the Main Zone. Anomalous gold values from 0.18 to 0.47 g/t gold were intersected in the andesite and granodiorite host rocks.

Soil and rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the Main Zone and 4-Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE Vein Zone and 4 Trench Extension.

Brodie Sutherland, VP Exploration, stated: "We are extremely pleased with these early stage results. As we advance north of the Main Zone we are finding significant mineralization. We are especially excited to see the continuation of mineralization 30m on strike with our previous drill hole JES-20-36, which intersected 24.2m at 2.5 g/t Au and 73 g/t Ag. Pending assay results for the remaining drill holes will largely focus on our new target areas as we continue to unlock the potential of Pilar."

The company also has an option to acquire up to an 80% interest in the Rogers Creek Property, which covers approximately 212 square kilometers in the Coastal Mountain Belt of British Columbia, about 90 kilometers northeast of Vancouver, in the Lillooet Mining District.

Tocvan has applied for an OTCQB listing in addition to applying for DTC eligibility.

For more information please visit the company's website www.tocvan.com, contact Derek Wood, President and CEO at 403-200-3569 or email dwood@tocvan.ca.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:

InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85637

News Provided by Newsfile via QuoteMedia

TOCVAN Ventures CSE:TOC Gold Investing

us federal reserve flag

Top Stories This Week: Gold Stays Steady as Fed Signals Higher for Longer

The US Federal Reserve was in focus this week as it met from Tuesday (September 19) to Wednesday (September 20). The central bank was widely expected to leave interest rates unchanged, and that's exactly what it did.

In its statement, the Fed reaffirms its goals of achieving maximum employment and bringing inflation down to 2 percent. It also emphasizes that it will continue to assess various factors as it determines its next steps.

"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent" — US Federal Reserve

Keep reading...Show less

"fed" written in gold font, american flag, gold coins

The Fed Left Rates Unchanged — What Happened to the Gold Price?

The US Federal Reserve left interest rates unchanged at 5.25 to 5.5 percent at its latest meeting.

The central bank was widely expected to stay the course at this month's gathering, but market watchers believe there's still one more 25 basis point hike left in this cycle — an update to the dot plot, which shows where each Fed official thinks the federal funds rate is headed, shows that the median projection is 5.6 percent by the end of 2023.

Looking forward to 2024, two cuts of a quarter point each are anticipated. That's less than the four decreases insiders were forecasting three months ago, which Andrew Patterson, senior economist at Vanguard, believes is a "telling" change.

Keep reading...Show less

will rhind, gold bars

Will Rhind: Gold in Good Position Ahead of Fed; Still Positive on Platinum

The US Federal Reserve's latest meeting will wrap up on Wednesday (September 20), and gold investors are watching closely to see whether the central bank hikes interest rates again or leaves them unchanged at 5.25 to 5.5 percent.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said he thinks an increase is unlikely.

"I only see the probability of a rate hike happening if clearly there's some data to suggest that inflation's on the up again, or something that provides some catalyst for them to raise interest rates," he said during an interview. "I do think that by and large we're at the top of the cycle, and we are kind of on the way down, albeit not immediately."

Keep reading...Show less

gold ore

Gold Grain Morphology: A Valuable Method of Gold Exploration (Updated 2023)

The high value of gold means that a deposit of very small concentration can be economically mined — a fact that is great news for gold miners, but complicated for gold explorers.

Gold is often found in ores composed of rock with very small particles. When it comes to extraction, ore with grades of gold as little as 0.5 parts per million (ppm) can be economically mined. Because ore grades of 30 ppm are usually needed before gold is visible to the naked eye, gold in most mines is invisible.

Not only can viewing individual grains of gold provide a challenge, but the nature of prospecting means that finding these grains of gold through conventional sampling can prove nearly impossible.

Keep reading...Show less

Kestrel Gold - Samples up to 2.051 g/t Au at King Solomon's Dome, Follow-up Drilling Planned

Kestrel Gold Inc. ("Kestrel" or the "Corporation", TSX-V:KGC) is pleased to announce preliminary results from the 2023 prospecting program on it's 100% owned King Solomon Dome property ("KSD"). The property is located in the Yukon portion of the Tintina Gold Belt, 35 minutes by road south of Dawson City, within the famous Klondike placer gold district. Creeks draining KSD have produced significant amounts of placer gold and Kestrel is evaluating the property's potential to host economic bedrock sources for this gold

The target at KSD is an orogenic-style north-south trending quartz vein system located over an approximate 1.0 kilometre east-west by 2.2 kilometre north-south area. The 2023 program focused on the Dominion Creek drainage basin which drains the southern portion of the property. Prospecting of new road cuts and active placer pits in this area identified numerous areas of sheared, quartz veined, pyritic and carbonate altered bedrock or rubblecrop, sampling of which returned values ranging from

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News