Post by
lifegoeson on Apr 18, 2024 12:38pm
Tocvan discovers potential source of placer gold.
Just a quick comment on today's Press Release.... this is about what everyone has been thinking, but limited access to the new property Tocvan just acquired due to property ownership issues, is now water under the bridge.
The theory has been, higher land to the south is the source of placer gold being extracted in the ancient river beds at lower elevations. And given the excellent assays being collected at the surface is an indication that erosion has exposed the surface over time.
And given the way gold is deposited during formation, there is a high probability that gold extends at depth below the surface. This has yet to be drill tested, but if true, then this will be an additional feedstock for the heap leach production pads.
Exciting. Has everyone participated in the Private Placement, this is an excellent opportunity to average down and get a free warrants. I believe the upside from here could be significant over the next year or two.