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Tocvan Ventures Outlines San Ramon Prospect at El Picacho as High Priority Drill Target. Highlights 90-meter Underground Drive with Average Rock Chip Samples of 5 g/t Au, Values up to 22 g/t Au
Calgary, Alberta – TheNewswire - September 13, 2022 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the comple
About this update from Tocvan Ventures Corp.
[{"type":"text","content":"Calgary, Alberta – TheNewswire - September 13, 2022 - Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the completion of data compilation and surface evaluation of the San Ramon Prospect within the El Picacho Gold-Silver Project in Sonora, Mexico. Historic underground sampling competed by Timmins Gold in 2008, returned 23 one to two-meter rock chip samples ranging from 0.3 g/t Au to 22 g/t Au with Ag values up to 26 g/t (see Figure 1). Later sampling in 2016 by Millrock confirmed the high-grade results with five rock chip samples returning between 2.0 g/t Au to 18 g/t Au. The underground drive is thought to be completed between the 1950’s and 1970’s. A second underground working located 250-meters to the north returned nine rock chip samples ranging between 0.5 g/t Au and 8.2 g/t Au with Ag values up to 32 g/t (see Tables 1 & 2 for results). At San Ramon, high-grade gold values are recorded at surface over a 500-meter trend along a regional thrust fault contact. The Priority drill target area includes this trend plus the down-dip extension along the fault at depth to the west over 500-meters. The regional thrust fault is thought to be a major conduit for mineralization and both the older Precambrian gneiss and the younger Jurassic sediments below the fault show indications of strong alteration and high-grade mineralization. Figure 1. Plan view of the San Ramon Prospect, highlighting high-grade mineralization “The data clearly shows that San Ramon is a high-priority target showcasing mineralization from surface to a minimum depth of 60-meters, over a 500-meter trend and open in all directions.”, commented CEO, Brodie Sutherland. “Past work has de-risked this target as we know mineralization extends to depth from historic drill logs. The high-grade gold and silver seen at surface and recorded from the underground workings confirms a robust system is present. Follow-up grid drilling of the area will be a priority for El Picacho’s development.” Figure 2. Plan view and X-Section of the San Ramon Underground Drive. High-grade mineralization is open at depth and along strike. Discussion The San Ramon Prospect has significant historic workings that include two underground workings thought to be completed between the 1950’s and 1970’s. Sampling of the underground by past operators has re...