RE:Tocvan Updates Trenching Program at its Pilar Au-Ag ProjectGutterGuy, great to see that everything is proceeding along nicely. Four trenches have been complete with an interesting anomalous copper zone at 4-Trench and drilling to start very soon....!!!!!!
....."....... A trench at North Hill is complete and has been channel sampled to analyze an anomalous copper zone with oxide gold-silver mineralization. A trench at 4-Trench is complete and will be used for structural analysis and future drill targeting. Two Main zone trenches are complete and material will be used for column leach studies and detailed structural analysis. Channel sample results from trenches are expected in January, 2022, followed by submittal of bulk sample material for metallurgical testwork. Drilling following up on phase 2 drill program targets is scheduled to begin within the next week.....".....
I wonder what the shorts are thinking today, as of the end of November there were 344,706 shares short. What does this mean..? I suspect these shorts didn't believe TOC could complete their financing at $1. But now with the 1st tranche completed and money in the bank, I suspect there will be more money to come, often legal things take longer than one wants. Will these shorts start to cover is the million dollar question. The trading yesterday looked like more shorts on the offer all day with some buyers reaching to take them out.