Post by
lifegoeson on Sep 10, 2022 11:01am
Another low volume week.
Already September 10th and another low volume week for Tocvan closing at $0.56 on 158,842 shares. I am sure everyone is wondering, when will they start drilling Picacho and Pilar? As my dad said, "soon" but he also added, "patience my son, you can't rush the growing of an oak tree". Right now Tocvan is planting seeds to grow a forest.
I am sure drills will be turning soon as the weather improves in Mexico and we get ready for the winter drill program. Tocvan is fully funded for the next 2 years at $5.125 M, and can accelerate the inflow of money as the price of Tocvan increases. Throw in the potential to partner with other producers in the area to establish an open pit mine at Pilar, will result in reduced production cost, while accelerating cash inflow, thus minimizing the requirement for future financings, ultimately resulting in Tocvan having an excellent share structure for a producing company.
I see that Brodie will be speaking at the the 8th edition of the Discoveries Mining Conference to be held 4 – 6 October 2022 in the mining capital of Mexico, Hermosillo, Sonora."Unlocking the Potential of Sonora, Breathing New Life Into Undervalued Projects".
From CEO... Over the past three years, Tocvan Ventures has made Sonora its home base for exploration of gold-silver projects, utilizing the excellent infrastructure, quality technical personnel and the prospective geology Sonora has to offer. Tocvan has seen great success in exploring and expanding on its Pilar gold-silver project 130 km southeast of Hermosillo, an epithermal system heavily oxidized and exposed at surface. Initial step-out drilling (94.6m of 1.6 g/t Au) indicated the potential of Pilar was just being uncovered and subsequent follow-up drilling (108.6m of 0.8 g/t Au in a 125m step-out) has proven there is more to be discovered.
As Pilar continues to advance, Tocvan’s team now plans to initiate its first drill program at its El Picacho gold-silver project 135 km north of Hermosillo, near the producing San Francisco Mine in the prolific Caborca Orogenic Gold Belt. Historic work at El Picacho has primed it for the rapid advancement of drill targeting. Follow us as we unlock the potential of these two great assets in one of the world’s top mining jurisdictions.