Tocvan Ventures to Conduct Bulk Sample at Pilar Gold-Silver Project
Calgary, AB -- December 15, 2022 -- NewsGenie -- Tocvan Ventures Corp. (CSE:TOC) announced an agreement for a bulk sample at its Pilar Gold-Silver Project in Sonora, Mexico. Up to 1,000 tonnes will be processed using heap-leach at a nearby facility, with results informing plans for a full-scale mine.
Figure 1. Map of Sonora, Mexico with the location of Tocvan’s Projects relative to other major Sonora projects
The Pilar project has over 22,000 meters drilled to date, defining gold-silver mineralization along a 600-meter trend. Prior drilling highlights include 116.9 meters of 1.2 g/t Au, with sections reaching 12 g/t Au and 23 g/t Ag. Preliminary gold recovery rates exceeded 85%. Next steps include continued drilling and an updated resource estimate. CEO Brodie Sutherland emphasized the importance of the bulk sample for showcasing head-grade and gold recovery.
The Pilar property exhibits promising drill results and encouraging gold-silver recovery, positioning it as a potential near-term producer. Three primary zones of mineralization have been identified. The property has only had half of the 1.2 kilometer trend drill tested to date.
Figure 2. Overview map of the El Picacho Gold-Silver Project.
Tocvan also holds the El Picacho Gold-Silver property, an orogenic gold system within the Caborca Orogenic Gold Belt. Tocvan believes El Picacho provides an excellent opportunity for discovery of a muti-million ounce district.
Figure 3. Schematic Cross-Section of The El Picacho Exploration Model.
Tocvan Ventures Corp. is focused on exploration in Sonora, Mexico, with the Pilar and El Picacho projects. Brodie A. Sutherland, P.Geo., is the qualified person who reviewed the technical information.