December 5th, nearly ChristmasTOC had an interesting week of trading, they closed the first tranche of financing and put $471,000 in the bank, enough to start the field program at Pilar. I suspect more money will be coming sooner than later (at least I hope so). The price closed on Friday at $0.96 on only 29,000 shares with about 480.000 shares for the entire week. The markets were under pressure all week but I think the price of TOC held extremely well. It is already December 5th, and the markets will be going to sleep for a while for Christmas, some stocks will play, some stocks will experience tax loss selling, and some will just sit quietly. The weather is improving in Mexico to allow for field programs to move forward and eventually leading to drillng. Not much more to be said, time is on our side. Looking forward to trenching, leach studies, drilling and beginning El Picacho exploration. What we need is a compliant economic N 43-101 report, I believe this will truely put in perspective the true value of Pilar. The company will be evaluating surface mineralization with trenching and channel sampling followed by a series of column leach studies on representative sites across the Main zone. In addition, drilling is planned with between 5,000 to 8,000 metres estimated between now and July of 2022. Drilling will focus on continued stepout drilling along the Main zone and new 4-Trench trend, following up on phase II stepouts highlighted by JES-21-50, which intersected 39.7 m at 0.96 gram per tonne Au including 1.5 m at 14.6 g/t Au. Exploration drilling will continue to evaluate target areas along the Triple vein zone. Surface exploration work will continue with trenching and sampling along the southeastern extension of the Main zone.
In December, an exploration program of surface mapping and sampling will be conducted at the El Picacho gold-silver project in Sonora, Mexico. The program aims to advance key target areas toward trenching and ultimately drill targeting.