Drilling has started....Released yesterday, drilling started.... can't wait to see the first round of results. As I have said previously, great share structure and if they hit something and the price runs higher, it should be a good recipe to raise money at higher prices which would lead to Phase II. Good Luck
Tocvan Commences Drill Program at the Pilar Project in Sonora, Mexico. Brodie Sutherland Appointed V.P. Exploration. (via TheNewswire)
Calgary, Alberta -
TheNewswire - December 1, 2020.
Tocvan Ventures Corp.(CNX:TOC) ("
Tocvan" or the "
Corporation") is pleased to announce the start-up of its maiden drill program (the "
Program") at the Pilar Gold-Silver Project in Sonora, Mexico. Phase I of the Program plans for up to 1,500 meters of reverse circulation (RC) drilling utilizing one drill rig at the Pilar Main Zone.
"We are excited to start our first drill program and continue to show the potential of Pilar," commented President and CEO Derek Wood. "Tocvan's work over the past year has generated new target areas and shown great potential for deeper mineralization. Phase I drilling will focus on expanding known mineralization within the Main Zone whilst acquiring important data to continue advancing the new target areas for later drilling. Field crews are on-site with COVID-19 mitigation plans in place and are ready to commence drilling."
Priority Drill Targets The Program will provide important structural data to incorporate into the recently interpreted deep feeder zones and controlling north-south faults (see press release from October 26, 2020). The results of Phase I will be used to define deeper drill targets (>125m) and delineate key structures for exploring on trend and parallel to the Main Zone. A Phase II program will utilize the key structural data acquired in Phase I to begin testing the feeder-pipe structures interpreted from ground geophysical surveys (See About Pilar section in this release).
In addition, drilling is planned at the Pilar Main Zone to expand the area of known mineralization, building upon the success of previous drill programs. Plans include step-out drilling of drill holes JESP-13-15 and JES-18-24 that intersected:
- -JESP-13-15: 34.5m grading 1.3 g/t Au,
- -including 3m grading 9.5 g/t Au and 28 g/t Ag
-and, 21m grading 0.83 g/t Au
- -JES-18-24: 48m grading 0.87 g/t Au,
- -including 1.5m grading 17.3 g/t Au
Confirmation drilling of historic drill holes from 1996 and 1997 will also be completed so this data can be included in future resources estimation.
Management Change Tocvan would like to announce Mark T. Smethurst will be stepping down from his role as COO. Mr. Smethurst will remain on the Tocvan Board of Directors as an important advisor to the Corporation. Tocvan would like to acknowledge Mr. Smethurst for his efforts in identifying the potential of the Pilar Project and his work to generate new target areas across the Project. Tocvan Director, Brodie A. Sutherland, P.Geo will be taking over as VP Exploration and seeing to the advancement of the Pilar Project. Mr. Sutherland has fourteen years experience managing exploration and resource definition drill programs across the globe.
"Tocvan would like to thank Mr. Smethurst for his role in developing the Pilar Project to date," commented President and CEO Derek Wood. "As the Pilar Project advances we are excited to have Mr. Sutherland take on a management role to see to the continued development of Pilar."
President and CEO, Derek Wood was recently interviewed by Steve Darling at [paid promotional message], a link to the video can be found here:
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. Hydrothermal fluids carrying gold, silver and other elements are transported through the pre-existing structures and precipitate from the fluids to become mineralized veins within the structures and surrounding host rock. 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 17,700m of drilling have been completed to date. Significant results are highlighted below from previous operators:
- - of Core & RC drilling. Highlights include (all lengths are drilled thicknesses):
-0.75g/t Au over 61m -17.3g/t Au over 1.5m -5.27g/t Au over 3m -53.47g/t Au & 53.4g/t Ag over 16m -9.64g/t Au over 13m -.6g/t Au & 37.8g/t Ag over 9m - -2,650m of surface and trench channel sampling. Highlights include:
-28.6g/t Au over 6m -3.39 g/t Au over 50m - -sampling results from undrilled areas indicating mineralization extends towards the southeast from the Main Zone, North Hill Zone, and 4-Trench Zone
Click Image To View Full Size
Figure 1. 3D Inversion processed from Induced Polarization (IP) geophysics survey showing interpreted feeder-pipe structures.
Additional areas of mineralization have been identified from surface rock-grab-sample assay results that extend known mineralized trends and show a second NW-SE trend of mineralization to the east parallel to the trending zone described above; gold-silver mineralization is indicated across the property from the north to the south, see press release dated January 7, 2020.
Click Image To View Full Size
Figure 2. Results from 2020 Surface Sampling at Pilar Au-Ag Project. Showing existing zones and trends of mineralization, along with the recently discovered East Zone of mineralization showing high grade silver.
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 24.5 million shares outstanding and is earning into two exciting opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia, Management feels both projects represent tremendous opportunity.