Bob Moriarty Participates in Private PlacementI have followed Bob for years, he is a seasoned and experienced investor. He has declared he put money in TOC's Private Placement, I guess there must be a reason for that. TOC hasn't closed the PP yet but with this endoresement, we know at least one of the investors. Putting skin in the game is certainly better than getting free stock options.
There should be results soon and 2 drills are turning. The metallurgy should also be in the works which we also know that "
Five metallurgical samples for column leach study have been submitted for analysis by SGS and a strategic partner.", and from my experience, if there is a strategic partner involved at this stage, they are very interested in what is going on at Pilar. But as Bob said, he is very excited to see the drills turning soonn on Picacho. Source: Bob Moriarty (3/15/22)
Bob Moriarty of 321 Gold recommends this "low-cost, high-opportunity" Mexican explorer to today's investor.
I wrote a piece a week ago about how to use the DSI to predict market turns. I listed 13 different commodities and their DSI. All 13 turned. The DSI is the only signal I know of that can be that handy. Gold and silver are not down for the count, they are only correcting.
Indeed the future for both is bright due to the incredible stupidity of the sanctions laid on Russia. It’s important when using any weapon that you don’t do more damage to yourself than to your enemy of the day.
Investors need to be looking for low cost, high opportunity companies to invest in.
I am going to write about one today named
(TCVNF.OTC)
$0.74 -1.33%
2022/3/15 19:55:20
Volume: 22,232
Market Cap: 23.17m
PE Ratio: -15.00
Year High: $1.67
Year Low: $0.45
Shares Out: 31,312,701
Float: 31,312,701 |
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Tocvan Ventures Corp. (TCVNF.OTC).
Tocvan has two important gold projects in Sonora province in Mexico. The projects are surrounded by operating important gold mines in the Sonora Mega shear.
The first project is the Pilar low sulfidation gold project located to the Southeast of the La Colorada gold mine in Sonora. To get 51% of Pilar Tocvan has spent $750,000 in cash and exploration and issued two million shares. They still must pay $225,000 and spend $1.4 million in exploration and issue another two million shares. Once they have picked up the 51% they have six months where they can purchase the remaining 49% for $2 million with a 2% NSR or form a joint venture with the vendor.
Prior to now, Pilar has had 22,700 meters of drilling to date with results as high as 94.6 meters of 1.6 g/t Au and 16.5 meters of 53.5 g/t Au with 53 g/t Ag. The company is in the midst of a phase III drill program with 1,200 meters completed so far with results estimated to be released in the next two weeks.
Nine months ago Tocvan signed a deal with Millrock to pick up the El Picacho Gold project for total payments of $1.989 million USD over a five year period to pick up 100% ownership subject to a 2% NSR. El Picacho has had no drilling but has had extensive surface samples taken.
El Picacho has five different high-grade gold advanced targets with two dozen samples showing between 2.4 and 32 g/t Au.
Tocvan is in the process of closing a $600,000 private placement. I have participated and am very interested in seeing a drill program started on the El Picacho project. The company is very cheap with a $23 million market cap and two excellent gold projects in a mining friendly country.
Tocvan is an advertiser. I have participated in their PP so naturally I am biased. This is an interesting story but you need to do your own due diligence.
Tocvan Ventures
TOC-C $.74 (Mar. 15, 2022)
TCVNF OTCQB 32 million shares
Tocvan Ventures website
Bob Moriarty
President: 321gold