Business
Tocvan Ventures Provides Phase II Drill Program Update
Calgary, Alberta - TheNewswire – May 11, 2021. Tocvan Ventures Corp. (CSE:TOC) (“Tocvan” or the “Corporation”) is pleased to provide an update for its flagship
About this update from Tocvan Ventures Corp.
[{"type":"text","content":"Calgary, Alberta - TheNewswire – May 11, 2021. Tocvan Ventures Corp. (CSE:TOC) (“Tocvan” or the “Corporation”) is pleased to provide an update for its flagship Pilar Gold-Silver Project in Sonora, Mexico. The Phase II drill program (the “Program”) is nearing the half-way point with a total of 4,000 meters planned. To date, eleven (11) drill holes have been completed for a total of 1,811 meters (Figure 1). Samples for the first five holes have been submitted to ALS Labs in Hermosillo, the remaining samples will be submitted later this week. Early drilling focused on the extension of the Main Zone, testing deeper down-dip extensions of mineralization in addition to stepping out along strike. Drill targeting has now shifted towards testing new areas along the 4-Trench Extension and Triple Vein Zone areas. “We are extremely pleased with the progress of our Phase II Program,” commented CEO, Derek Wood. “We believe there is great potential to extend the Main Zone both at depth and along strike. Our Technical Team has been busy compiling data to maximize our drill targets. We are very excited to be back drilling at Pilar, as we continue to advance the Project.” Figure 2. Cross Section of Drill Hole JES-20-32 from Phase I drilling, looking northwest. Photo 1. RC Drill Rig Setting up at Pilar. About the Pilar Property The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite rocks. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 19,200 m of drilling have been completed to date. Significant results are highlighted below: 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses): 94.6m @ 1.6 g/t Au, including 1.5 m @ 9.2m @ 10.8 g/t Au and 38 g/t Ag; 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0g/t Au and 12 g/t Ag ; 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag 17,700m of Historic Core & RC drilling. Highlights include: 61.0m @ 0.8 g/t Au 16.5m @ 53.5g/t Au and 53 g/t Ag 13.0m @ 9.6 g/t Au 9.0m @ 10.2 g/t Au and 46 g/t Ag Soil and Rock samplin...