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Tocvan Ventures Completes First Stage of Phase III Drilling. Provides Update Prior to Release of Drill Results.
Calgary, Alberta - TheNewswire - March 24, 2022 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (FSE:TV3), is pleased to provide an
About this update from Tocvan Ventures Corp.
[{"type":"text","content":"Calgary, Alberta - TheNewswire - March 24, 2022 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (FSE:TV3), is pleased to provide an update from its Pilar Au-Ag Project in Sonora, Mexico. 1,500 meters of Phase III drilling has been completed in nine drill holes providing essential information across the Main Zone and 4-T Trend (see Figure 1). All samples have been submitted to ALS (Hermosillo) for preparation and analysis and will start to be released imminently. Update on Drilling Nine drill holes have been completed totalling over 1,540 meters (Figure 1). Drilling looked to expand the Main Zone through 25, 50 and 100-meter step-outs to the southeast in a gap zone that has seen little drilling focused on the main trend between hole JES-20-32 (94.6m at 1.6 g/t Au) and hole JES-21-50 (39.7m at 0.96 g/t Au). Drilling also covered the 4-T Trend testing below trench T-21-3, which returned 19.5 meters at 0.61 g/t Au. Figure 1. Map of Pending Phase III Drill Holes. “As we prepare to receive the drill results from the start of Phase III drilling, we look forward to the next stage of planning and drilling at Pilar”, commented Brodie Sutherland, CEO. “Results have taken longer to process due to the changing COVID-19 environment, but we are thankful to see that improving in Mexico and thank our shareholders for their patience. Metallurgical results are also anticipated to be analyzed and released over the next two months and will provide us with further insight on gold and silver recoveries at Pilar.” Update on Metallurgy The Company has submitted five samples from Pilar for column leach study. A summary is provided in the Table 2. Head grade results for the first sample submitted to SGS Durango has returned 0.95 g/t Au and 9.5 g/t Ag. Table 1. Summary of Metallurgical Bulk Samples Sample ID Weight (Kg) Head Grade (Au) Head Grade (Ag) Note Met-Pil-01 321.6 0.95 g/t 9.5 g/t Met-Pil-01 106.4 TBD TBD Duplicate Met-Pil-02 110.1 TBD TBD Met-Pil-03 113.4 TBD TBD Met-Pil-04 135.8 TBD TBD Annual General Meeting The company’s Annual General Meeting (AGM) will take place April 8th, 2022. The Company encourages all shareholders to participate in the meeting. Update on El Picacho Project Site visits and planning are underway at Picacho to determine the best use of exploration funds in the ...