101 24 avenue sw calgary

Tocvan Provides Update on Exploration at Pilar Gold-Silver Project Sonora, Mexico

(TheNewswire)



Calgary, Alberta - TheNewswire March 04, 2021 . TOCVAN Ventures Corp. ( CSE:TOC) (CNSX:TOC.CN) (" Tocvan " or the " Corporation ") is pleased to provide an update on exploration at its flagship Pilar Gold-Silver Project. Work completed to date includes detailed mapping and sampling of key targets across the Project Area (Figure 1). The aim of the program is to advance key targets to drill ready status for a Phase II drill program. 150 rock chip samples have been collected to date, covering 60% of the property. Work will continue for the next two weeks followed by final planning for the next phase of drilling.

"We are very pleased with how rapidly our geologists are able to cover the area at Pilar," commented VP Exploration, Brodie Sutherland. "Historic drilling and mapping focused on the Main Zone, our geologists are now mapping and sampling beyond the Main Zone to help define our next drill targets. Among other targets, the 4 Trench Trend shows great potential with historic adits and shafts extending for over 350 meters, this is further backed by a trend of anomalous soils and rock samples that include 24 g/t Au and 172 g/t Ag. The overall trend continues to the southeast for 1,200 meters and to date has only been evaluated with reconnaissance soil and rock sampling.  The potential to expand the area of known mineralization along strike and at depth at Pilar is excellent and we are excited to continue to advance the Project."


A video of the exploration program can be found here:

Summary of 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

4-Trench

  • - 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 over a 350 meter strike


Click Image To View Full Size


Click Image To View Full Size

Photo 1. Geologists Overlooking the Pilar Property.


Click Image To View Full Size

Photo 2. Geologists sampling along mineralized corridors that include historic adits and shafts.

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 ):

    • - 0.8 g/t Au over 61 m

      - 53.5g/t Au & 53 g/t Ag over 16.5 m

      - 9.6 g/t Au over 13 m

      - 10.2 g/t Au & 46 g/t Ag over 9 m

    - 2,650m of surface and trench channel sampling. Highlights include:

    • - 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.

Cautionary Statement Regarding Forward Looking Statements

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.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. 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 different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN Ventures Corp.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7 th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)

Basin Uranium Announces Filing of Technical Report Including Maiden Resource Estimate for Chord

Basin Uranium CORP. (CSE: NCLR) (CNSX: NCLR.CN) ("Basin Uranium" or the "Company") is pleased to announce the filing of the NI 43-101 mineral resource estimate ("MRE") for its Chord uranium project located in Fall River County, South Dakota, USA. The Chord Uranium Project, Fall River County, South Dakota, USA Mineral Resource NI 43-101 Technical report was prepared by BRS Engineering Inc. with an effective date of May 7th, 2024 (the "Technical Report"). A copy of the Technical Report can be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company's website.

Chord MRE Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brightstar Resources

First Results Returned from Link Zone Drilling Confirm Multiple Shallow Stacked Lodes

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce the first results from the large reverse circulation (RC) and diamond drilling (DD) program across the broader 1.45Moz Brightstar & Linden Gold (subject of an off-market takeover offer2) portfolio. This program is targeting gold mineralisation within delineated pit shells and underground designs outlined within Brightstar’s Scoping Studies3,4 along with near-term development assessment of the Link Zone deposit comprising Westralian Menzies, Merriyulah and Golden Dicks deposits.

Keep reading...Show less
Don Hansen, gold and silver bars.

Don Hansen: Gold Stock Bull Phase Coming, 4 Picks for Current Cycle

Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.

He presented his expanded Lassonde Curve and discussed four gold stocks he believes have the potential to bring investors strong returns. Those are K92 Mining (TSX:KNT,OTCQX:KNTNF), Aris Mining (TSX:ARIS,NYSEAMERICAN:ARMN), Minera Alamos (TSXV:MAI,OTCQX:MAIFF) and Rio2 (TSXV:RIO,OTCQX:RIOFF).

Hansen also explained why he thinks now is the right time to establish or build on precious metals positions.

Keep reading...Show less

NOVAGOLD Announces Election of Directors and Voting Results from 2024 Virtual Annual General Meeting of Shareholders

  • A total of 270,432,207 or 80.87% of the Company's issued and outstanding shares were represented at the Meeting
  • All four proposals to shareholders were approved, including the election of all ten director nominees
  • During the 2024 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 84.28% of the Company's issued and outstanding common shares entitled to vote

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 16, 2024 (the "Meeting"). All proposals were approved and all ten director nominees were elected. A total of 270,432,207or 80.87% of the Company's issued and outstanding shares were represented at the Meeting.

Shareholder Engagement

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced that it had recorded unaudited gold sales of US$25.0 million (C$34.2 million) (1) for April 2024, compared to US$19.1 million (C$25.8 million) in April 2023.

Sales increase versus April last year of US$5.9 million or 30.9% is due to increases in sales volumes (+US$2.2 million) and in sales price (+US$3.7 million). Month-to-month increase of US$4.3 million a 20.8% increase over March 2024.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

G2 Goldfields Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate at the OKO Project in Guyana

G2 Goldfields Inc. (" G2 " or the " Company ") (TSX:GTWO, OTCQX:GUYGF) is pleased to announce that an independent technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold Property in the Co-operative Republic of Guyana, South America" (the " Technical Report "), with an effective date of March 27, 2024, has been filed on SEDAR+.

The Technical Report is for the updated mineral resource estimate for the Oko property in Guyana, previously announced by the Company in a news release dated April 3, 2024.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×