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Tocvan Ventures Corp C.TOC

Alternate Symbol(s):  TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately two hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. The project is 140 km north of Hermosillo and totals 24 square kilometers (km2).


CSE:TOC - Post by User

Comment by lifegoesonon Feb 09, 2021 8:58am
73 Views
Post# 32510885

RE:great news from tovcan. WOW !!!

RE:great news from tovcan. WOW !!!Now we know why Pilar was first financed at $0.15 and now raising $1.25 M USD or equivalent to about $1.6 M Canadian at $0.63 CAN. This is great news, they will be quickly adding to the 17,700 m of historic drilling and proving not only a gold resource, but also a significant silver resource. The project is essentially de-risked. Patience while they start phase 2 drilling, there is going to be interest around this play so highly doubt the price is going to retreat very much. I am hoping for over the next few months the price will be in excess of $1.25 to allow for the warrants at $0.90 to be exercised, thus injecting more capital without further dilution. And then if they see a way to do a much higher financing to perhaps bring Pilar to production, we will all be very, very happy. Very tight float and low number of shares outstanding (24 M before the current financing is comleted). Good Luck..... all about patience if you want to make serious money.
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