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Tocvan erhielt Genehmigungen für weitere 44 Bohrflächen und 7 Gräben auf seinem Vorzeige-Gold-Silber-Projekt Pilar in Sonora, Mexiko.

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Die Gräben dürfen fünf mal zwei Mal 20 Meter groß sein (5 m x 20 m x 2 m) und werden später im Jahr genutzt, um Proben über wichtige mineralisierte Abschnitte auf dem Grundstück zu kanalisieren und Massenprobenmaterial für die Metallurgische Säulenlaube zu übermitteln.

Additional Information:

Company: Tocvan Ventures Corp.
Website: http://www.tocvan.com
Stock Symbol: CSE: TOC
Date Published: May 21, 2021
Transcript: Available

Video Transcript:

I’m Ashton Addison for Investmentpitch Media

Tocvan Ventures Corp. has received permits for an additional 44 drill pads and 7 trenches at its flagship 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.

Permitting was initiated as a proactive measure to ensure the timely and consistent advancement of Pilar.

The additional drill pads will be utilized both during the current drill program and during a Phase III program planned for the fall of 2021.

The trenches are permitted to be five-meters by two-meters by twenty-meters (5m x 20 m x 2 m) in size and will be utilized later in the year to channel sample across key mineralized sections on the property and to submit bulk sample material for column leach metallurgical analysis.

The 7 trenches will provide up to 3,500 tonnes of material for metallurgical test work and bulk sampling, ultimately leading towards a larger bulk sample.

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.

To date, 15 drill holes have been completed for a total of 2,370 meters, with samples from the first 7 holes submitted to ALS Labs in Hermosillo.

Early drilling focused on the extension of the Main Zone, testing down-dip extensions of mineralization in addition to stepping out along strike.

Drill targeting has now shifted towards testing new areas along the 4-Trench Extension and Triple Vein Zone areas.

Brodie Sutherland, VP Exploration, stated: “As our current drill program advances we are extremely pleased with our field crews’ efforts. In addition, we are excited to have received new drill and trench permits for Pilar to allow for the continued exploration and advancement of the project. The next phase of drilling and trenching will be an important next step for the company and will provide key information as we move towards development.”

Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization.

Over 19,200 meters of drilling have been completed to date.

Significant results from the 2020 Phase I RC Drilling Highlights are shown here.
94.6 meters @ 1.6 g/t gold, including 9.2 meters @ 10.8 g/t gold and 38 g/t silver
41.2 meters @ 1.1 g/t gold, including 3.1 meters @ 6.0g/t gold and 12 g/t silver
24.4 meters @ 2.5 g/t gold and 73 g/t silver, including 1.5 meters @ 33.4 g/t gold and 1,090 g/t silver

Highlights from 17,700 meters of Historic Core & RC drilling by previous operators include:
61.0 meters @ 0.8 g/t gold
16.5 meters @ 53.5 g/t gold and 53 g/t silver
13.0 meters @ 9.6 g/t gold
9.0 meters @ 10.2 g/t gold and 46 g/t silver

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.

The shares are trading a $1.02 with approximately 28 million shares outstanding.

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.

I’m Ashton Addison for Investmentpitch Media