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Tocvan Ventures reports high-grade gold & silver surface mineralization in Mexico

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Among the assay results are values up to 9.3 grams per tonne gold and 76.4 grams per tonne silver at the south-east part of the property, and up to 323 grams per tonne silver and 0.5 grams per tonne gold midway along the property.

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Company: Tocvan Ventures
Website: http://www.tocvan.ca
Stock Symbol: CSE: TOC
Date Published: Jan 7, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Tocvan Ventures Corp. has reported high grade gold and silver assay results at two new showings that significantly extend the known mineralization on the Pilar property.

Among the assay results are values up to 9.3 grams per tonne gold and 76.4 grams per tonne silver at the south-east part of the property, and up to 323 grams per tonne silver and 0.5 grams per tonne gold midway along the property.

The northwest part of the property has seen extensive drilling, with more than 17,700 meters along the known northwest-southeast trend of mineralization.

Tocvan entered into a property option agreement with Colibri Resources for the 100% acquisition of the Pilar property, located 140 kilometers south-east of the city of Hermosillo in the historic Sonora gold district in Mexico.

Rock-grab-samples collected as part of the due-diligence field survey of the Pilar property conducted this past November were collected in order to locate the source of the high grade soil sample results from previous operators.

Additional rock-grab samples were collected in the extensively drilled area of the property at the North Hill Zone and Main Zone in the north-west to confirm surface mineralization above the historic drill-intercepts.

The assay results are very encouraging and provide new areas to potentially develop and define additional mineralization east and south-east of the main area of drilling of the North Hill Zone, Main Zone, and 4-Trench Zone.

Locations of samples were collected by handheld GPS.

35 samples were sent for assay, with significant results found in 22 samples, as shown in this table.

Having significant assay results across the Pilar property from the north to the south along the NW-SE mineralized trend is very encouraging for expanding the known mineralization.

Another success was on a check of the S-10 drill intercept from the mid 1990's which returned 53.47 grams per tonne gold over 16.5 meters.

The drill intercept location was estimated and then projected to surface where a dark red hematite sheared outcrop was located, uncovered and sampled, among the assay returns is 3.8 grams per tonne gold and 57.4 grams per tonne silver, showing mineralizing fluid flow in the structures.

Mark Smethurst, M.Sc., P.Geo., Director, previously stated: "This is one of the more exciting properties I've come across in my career. The Pilar property has the right features and system to allow for great potential in defining a multimillion-ounce property."

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.

The shares, which began trading on the CSE in March 2019, are currently trading at $0.15, and with approximately 10.8 million shares outstanding the company is capitalized at just $1.6 million.

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

I’m Megan Edwards for Investmentpitch Media