CSE:TOC Forum Topic | Flo66xx-33017402 | Huge drilling program with at least 4000 m starts today

Alternate Symbol(s): TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers... see more

The time has come! Tomorrow begins the largest drill program ever carried out on the Pilar gold-silver project in Mexico. Today 's news from Tocvan Ventures Corp. (CSE: TOC; WKN: A2PE64) is the starting shot that we shareholders have been eagerly awaiting. With the gold price on the rise again, the framework conditions are perfect for betting on higher share prices with a successful drilling program. Thanks to the few shares outstanding (28 million), Tocvan is still valued very cheaply at $ 17 million CAD, offering exceptionally large appreciation opportunities over the next few weeks.

This major drill program should be completed by the end of May, and it should come as no surprise that drill results are churning out. In total, boreholes over a total length of at least 4000 m are planned, which will be completed in 2 consecutive stages:

Stage # 1 : Stage 1 will drill the Main Zone deposit to expand the gold-silver resource. The majority of the more than 19,000 meters of drilling completed at Pilar to date has occurred in the Main Zone. Further drilling is intended to enlarge the deposit. Tocvan's Phase 1 drill program (December 2020) produced great drill results such as 95 meters @ 1.6 g / t gold including 9.2 m @ 10.8 g / t gold and 38 g / t silver .

Stage # 2 : After Stage 1, other parts of the property outside of the Main Zone will be drilled, such as the Triple Vein Zone newly discovered by Tocvan and the 4-Trench Extension Zone .

Tocvan's chief geologist, Brodie Sutherland, commented on today's news: "We are very excited to be drilling again at Pilar. Recent surface exploration work has identified several new targets that we will test as part of this drill program. The continuation of our successful phase -1 program will aim to further enlarge the Main Zone along strike and at depth. Drilling and geological personnel will be mobilized on site today and we expect to begin drilling tomorrow. "

Full version / The Pilar property map shows that a 1200 m long gold-silver trend has been discovered in addition to the established Main Zone, which is now being tested for the first time with drilling.

3 main drill targets

1.) Main Zone Enlargement: Tocvan will complete additional drilling to complement the great results from the Phase 1 drilling program:

Hole JES-20-32:
94.6 m @ 1.6 g / t gold at a depth of only 57.9 m to 152.5 m (core length) including a high grade interval of 9.2 m @ 10.8 g / t gold and 38 g / t silver at depths of 57.9 m to 67.1 m.

Hole JES-20-36:
24.4 m @ 2.5 g / t gold and 73 g / t silver ( 96.1 m to 120.5 m depth) including a high-grade interval of 9.2 m @ 6, 3 g / t gold and 192 g / t silver (from 96.1 m to 105.2 m depth) including 1.5 m @ 33.4 g / t gold and 1090 g / t silver (from 96.1 m up to 97.6 m depth).

These early February released drill results were sometimes the best that has ever been achieved in Pilar and are comparable with the best drill results of the successful neighbors Minera Alamos Inc. and Argonaut Gold Inc., the up to 95 m @ 0.85 g / t gold managed . Both Minera and Argonaut have proven in recent years that gold grades averaging 0.6 g / t gold are sufficient to justify a highly profitable open pit mine in Mexico.

2.) 4-Trench Extension: Tocvan will be drilling for the first time in this adjacent zone to test the 600 m long ore trend that Tocvan has discovered at the surface with high grade rock samples and old mine shafts. During the past few weeks, Tocvan has shown amazingly high-grade rock samples grading 19.9 g / t gold and 8 g / t silver, and 5.1 g / t gold grading 142 g / t silver, and the upcoming drilling may discover a new deposit here.

3.) Triple Vein Zone: This Tocvan newly discovered zone is also located near the Main Zone deposit. Drilling will test the 400 m long ore zone as Tocvan has discovered high grade gold here directly on the surface, such as 4.5 g / t gold with 735 g / t silver and 4.3 g / t gold with 96 g / t silver .

Conclusion & outlook

• Both stages of the Phase 2 drill program starting tomorrow should be completed by the end of May.

• As this is a large drill program, drill results are expected to be published in several press releases.

• The Phase 1 drill program (December 2020) has demonstrated the rapidity of drilling, analyzing and publishing in Mexico.

• North American investors often step in at the start of drilling to bet on good drilling results.

• Tocvan has sufficient cash reserves to complete the Phase 2 drill program without further funding.

• Very tight share float: With only 28 million shares issued, things can go up very quickly from today.

Gold price: new upward trend in sight

As the following charts make clear, the USD gold price has found a floor in the strong support zone at $ 1680 (in dark green) in the last few weeks, from where a new uptrend has obviously already started:

Full version / updated chart: https://schrts.co/pzAcbFwi