Post by
lifegoeson on Jul 22, 2023 11:47am
July 22, time marches on.
Tocvan traded only 28,000 on Friday and 255,000 shares for the week. Not much going on as summer drags along, good part, it is already July 22 and the Open is on TV. Results from the 800 ton bulk sample should be back soon, he is a quote from the press release on July 4th....
".... The leaching process has concluded, and the company's technicians are now washing and prepping the leach pad for final sampling, decommissioning and precious metal recovery. The leaching process was active for 44 days, extracting gold and silver from over 800 tonnes of bulk sample material. Sampling of the bulk sample material was completed in May (news release, May 16, 2023), results from ALS (Hermosillo) provided an average grade of 1.9 grams per tonne gold and 12.7 g/t silver ...."
It will be exciting to get the drills turing on both Pilar and Picacho, just a matter of timing after completing the bulk sample leaching process. There are several exciting targets that were discovered at Pilar during the trenching process for extraction of the bulk sample. Old mine shafts were encountered that had been covered over by natural weathering processes. Since exploration at Pilar is an ongoing process, I wonder how many more of these historical atisanal workings will be discovered.
Should be some interesting times ahead.