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Tocvan Ventures announced initial results from a detailed geophysical survey at its Pilar Gold-Silver Project in Mexico

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The Induced Polarization survey was conducted over an area with the most historic information, in particular the northwest section of the property which has seen extensive drilling, with more than 17,700 meters along the known northwest-southeast trend of mineralization.

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Company: Tocvan Ventures Corp
Website: http://www.tocvan.ca
Stock Symbol: CSE: TOC
Date Published: May 21, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Tocvan Ventures Corp. has announced initial results from a detailed geophysical survey at it 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.

The Induced Polarization survey was conducted over an area with the most historic information, in particular the northwest section of the property which has seen extensive drilling, with more than 17,700 meters along the known northwest-southeast trend of mineralization.

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.

The IP survey revealed new mineralization targets, extensions to known mineralization zones, and the continuity of geological trends, which justifies the pursuit of targets in the surveyed area and allows for the calibrated geophysical model to be applied on the second half of the property.

This survey is the first in a series of techniques the company plans to use to develop a greater understanding of the mineralized structures, in order to have greater accuracy in locating drill targets for the late summer to early fall drill program.

The dark purple and light purple areas shown in the 3D IP Inversions are resistivity lows, which can reflect alteration, specifically mineral-replacement with oxide such as hematite.

The green and blue areas shown are chargeability lows, which can represent similar alteration.

Previous workers and the due-diligence conducted on the property reported hematization in these areas, associated with gold & silver mineralization.

3D-inversion processing of the IP data reveals details from surface to a depth of approximately 100 meters, which shows a North-South striking chargeability low and a resistivity low that are coincident with each other

This calibrated geophysical model can be applied to the remaining part of the property to the east where high grade gold and silver assay results were recovered during due-diligence showing a second parallel mineralized zone.


There is the possibility of two feeder-pipe-like features or possible chutes.

The Main Zone and North Hill Zone are possibly connected in which case these would be renamed as a mineralization trend.

Additional areas of mineralization have been identified resulting from surface rock-grab-samples collected this past November extend known mineralized trends and show a second northwest-southeast trend of mineralization to the east, parallel to the trending zone currently discussed.

Significant results are shown here.

The geophysical results will be combined with additional survey tools to help create a structural mineralization model to identify drill targets for the Phase 2 campaign.

Results from these surveys will be combined with pre-existing data from historic drill holes and the assayed gold and silver results from those holes will be included as part of the collected data to identify the structural features that contain the gold-silver mineralization.

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 are trading a $0.29 with only approximately 17.7 million shares outstanding.

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 Fiona Forbes for Investmentpitch Media