Announcement Date: 2023-01-17
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Tocvan Ventures Corp.
Project name: El Picacho
Location: Mexico
Commodities: Gold
Highlight: Drilling results incl. 44.2m at 0.60g/t Au, from 41.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta – January 17, 2023 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce drill results for the remaining 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. Drilling aimed to test different structural orientations to determine the best way to target mineralization. Mineralization associated with historic underground workings was confirmed and the most significant mineralization was discovered in a 100-meter stepout from the historic workings of the San Ramon target, confirming the model that mineralization continues at depth in west-dipping system. Hole SRA-22-010, returned the most significant results to date intersecting 44.2-meters of 0.6 g/t Au, including 12.2-meters of 2.0 g/t Au and 7 g/t Ag from a downhole depth of 41.2-meters (approx. 25-meters from surface). Mineralization has now been intersected over a 300-meter strike and 200-meters down-dip from the surface exposure. 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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