Announcement Date: 2023-01-10
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Tocvan Ventures Corp.
Project name: El Picacho
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 48.8m at 0.30g/t Au, 0.5g/t Ag0
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta – January 10, 2023 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce drill results for the first three drill holes completed at its El Picacho Gold-Silver project in Sonora, Mexico. Ten drill holes totalling 1,075.1-meters were completed at the San Ramon Prospect testing for low-grade mineralization adjacent to historic underground workings that have returned high-grade gold with silver. Results for the first three drill holes are provided in this release. These holes focused on the northern-most area of historic workings called Las Guijas. All three drill holes intersected oxidized quartz vein zones with alteration indicating the potential for gold and silver mineralization. Hole SRA-22-003 yielded the best result to date, returning 27.5-meters of 0.5 g/t Au, including 12.2- meters of 1.1 g/t Au starting at a downhole depth of 21.4-meters (approx. 10-meters from surface). The Company is extremely pleased in having intersected significant oxide gold mineralization so soon in its efforts to understand the potential for a significant mineralized system at El Picacho. Results for the remaining seven drillholes are pending. The remaining drill holes tested two separate areas both 200-meters to the south and southeast of Las Guijas. Analysis and interpretation of this data will be used to plan follow-up drilling. El Picacho is host to several other target areas permitted for drilling that span across the 24 km2 project area.
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