Tocvan Ventures Corp C.TOC

Tocvan is only a two horse race, reducing the overall risk.

[lifegoeson]

Tocvan had a strong uptick last week closing at $0.395 on 440,000 shares, high trading volume for this tightly controlled equity. What was more interesting, it traded only 8,654 shares on Friday with virtually no one selling down. This is a strong vote of confidence as we head into a significant drilling program and reporting of advanced metallurgy studies and UAV lidar mapping.

Why is Tocvan only a two horse race?

One doesn't have to look far to find resource companies that are constantly changing their objectives trying to find the next hottest sector, like gold one year, then switching to lithium the next, and when neither of these work out, switch completely to a technology play. Each of these cycles, generally called rinse and repeat, wash out shareholders each time, consolidate capital, and start over again.  All the while never bringing much value to shareholders unless they get lucky, generally companies that jump around like this result in considerable loss to investors trying to time their buying and selling.

Tocvan is NOT one of these companies, it is strictly focussed on two significant properties in Sonora, Mexico. By focussing on only two properties, the outcomes generally are much better for shareholders, essentially creating less risk. I believe that Brodie Sutherland has put together a strategy to bring Pilar to production by building a business model designed to keep the share structure low, thus much better for shareholders.

Brodie provided this great summary in a press release on January 8th, 2024 which brings sharp focus to what steps will be taken over the next year at Pilar.

"2023 was another successful year for de-risking both of our gold-silver assets and advancing Pilar towards mine development." commented Brodie Sutherland, CEO. "The year started off with a new discovery at Picacho, identifying surface gold and silver mineralization. Metallurgical work at Pilar showcased the high recovery potential and the bulk sample successfully recovered gold and silver at scale. More work is scheduled in 2024 to continue to advance our understanding of the recovery potential. For the first time we were able to consolidate a significant land package around Pilar for gold and silver exploration. The surrounding area is highly prospective which we were able to quickly prove by sampling significant mineralization 4.5-kilometers from Pilar and by simply outlining the areas that have recently undergone significant placer mine development. We have no doubt numerous targets will be uncovered across this expansive area adding significantly to the resource potential of Pilar. Channel sampling at Pilar returned yet again promising results with grades nearly identical to our bulk sample, putting a strong emphasis towards our next objective to drill and target a maiden resource for Pilar later in 2024. With all of these strong indicators our application for mine development will be submitted this year to begin our transition towards a production oriented company."

Now the second horse in the race - El Picacho, which is also located in Mexico and in relative close proximity to Pilar, thus allowing efficient usage of resources and capital.

Brodie has been busy on both properties, cutting roads and identifying drill targets on Pilar, and conducting a thorough ground program on El Picacho. The release this week outlined several significant areas on Picacho worth noting.

Quote from this press release.

"...... Tocvan Ventures Corp. has released results from its road-accessible Picacho gold-silver project in the mine-friendly state of Sonora, Mexico. A short surface program was completed at Picacho to assess additional potential across the large 24-square-kilometre property. A total of 75 rock chip samples were collected, averaging 0.6 gram per tonne (g/t) gold (Au) and two g/t silver (Ag), with the values up to 15.9 g/t Au and 32 g/t Ag. A new mineralized trend extending over 1.6 kilometres in length has been discovered, marked by old historic workings and exposure of mineralized veins and shear zones....."

 

I always like when they find visible gold as it is a true indication that gold is below the surface.  How much is yet to be determined but it will be exciting to get a drill turning into this new mineralized trend. I also must add, it is better to have mineralization at the surface, rather than blindly drilling into an unknown target identified by inconclusive mapping.



Tocvan is about to enter an extended news cycle which should be good for investors with the first horse close to the finish line, while the second horse is a young stallion with lots of speed and ability, an excellent backup race horse in the stable.

 

As my dad always said, "bet on the young strong horses, not the older nags".