RE:TOCVAN INITIATES NEXT PHASE OF EXPLORATION AT PILARI should say further, TOC is trading at $0.70 on 320,000 shares and made a new all-time high of $0.72 earlier this morning. They are in the field, it's Friday and they must be getting close to announcing the Private Placement closing (I hope). Very tight float with PP being raised at $0.63, this generally implies they have something good otherwise we would never see a financing up at these high levels... In today's press release, I sure like these results...not to mention 17,700 m has been drilled into this property.
Key target areas:
- Main zone extension:
- 800-metre southeast extension of the Main zone:
- Historic drill hole JES-18-03: 13.5 m at 5.6 grams per tonne gold and 22 g/t silver;
- 800 metres of anomalous soils with values ranging from 106 parts per billion to 911 ppb Au;
- Rock grab samples including 9.3 g/t Au and 76 g/t Ag;
- 4-Trench:
- 600-metre trend that includes the 4-Trench zone highlighted by:
- Historic drill hole K-16: 7.5 m at 3.3 g/t Au and 31 g/t Ag;
- 600 metres of anomalous soils with values ranging from 118 ppb to 2,030 ppb Au;
- Rock grab samples including 24 g/t Au and 116 g/t Ag;
- Network of historic artisanal workings.