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).

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Tocvan Ventures Corp > Tocvan to buyout Colibri to own 100% of Pilar.

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Post by lifegoesonon Sep 19, 2023 12:10pm

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Post# 35643545

Tocvan to buyout Colibri to own 100% of Pilar.

The acquisition of Colibri's 40% ownership will give Tocvan 100% ownership. The money spent on Pilar to finally acquire full ownership is a testament to the overall value of Pilar. Add to this acquiring 21 sq km will make Pilar a gem in the making providing room for a full scale mining operation, as well as expansion of the resource for future production.

Highlights

Majority (51%) Ownership Milestone at Pilar; Right to Purchase Remaining 49%
Pilar Expansion Acquisition Expected to Finalize in Coming Weeks
- Adds Over 21 square-kilometers to Land Package in Highly Prospective Area
Outlines Operational Plans for Q4/ 2023
Including Drill Targeting in Expansion Area