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Tocvan Discovers NEW Parallel Trend to the Main Zone in Exploration Drilling at Pilar

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Tocvan Discovers NEW Parallel Trend to the Main Zone in Exploration Drilling at Pilar

 

 

 

 

 

Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (FSE: TV3), is pleased to announce drill results from its Pilar Au-Ag Project in Sonora, Mexico. Results for drill holes JES-22-63 and JES-22-65 are provided in this release, both testing parallel trends to the Main Zone (see Figure 1). JES-22-63 returned 54.9-meters at 0.3 g/t Au and 5 g/t Ag from 6.1-meters depth, including 13.7-meters at 0.6 g/t Au and 13 g/t Ag and 9.2-meters at 0.6 g/t Au and 3 g/t Ag. JES-22-63 was a RC reconnaissance drill hole testing a 200-meter gap between the Main Zone and 4-T Trend (see Plate 1). JES-22-65 was successful in intersecting a broad anomalous zone in the 4-T Trend, with elevated zinc (weight averaged >500 ppm) from surface to 81.2-meters down hole depth. Follow-up on each trend is warranted to evaluate the full extent of each. A total of 1,562 meters of Phase III drilling has been completed to date in nine drill holes providing key information across the Main Zone and 4-T Trend.

 

Drill Highlights (This Release)

 

JES-22-63 (RC)

  • 54.9m at 0.3 g/t Au and 5 g/t Ag, from 6.1m

o  Including 13.7m at 0.6 g/t Au and 13 g/t Ag, from 6.1m

  • Including 4.6m at 1.6 g/t Au and 29 g/t Ag, from 6.1m

o  And 9.2m at 0.6 g/t Au and 3 g/t Ag, from 42.7m

 

 

“To conclude this stage of drill results with a discovery of a new trend parallel to our Main Zone, gives us confidence in the significance of the mineralized system at Pilar and provides us with more targets to follow-up on,” commented Brodie Sutherland, CEO. “For the first drill hole on this trend to return broad low-grade mineralization is extremely encouraging. We are very proud of the team and the success we have had to date, to have eight of nine drill holes return significant mineralization is a testament to their hard work.  Planning is underway to complete more drilling within the next month to further evaluate these new target areas.” 

 

 

Summary of Phase III Drill Highlights to Date (9 drill holes, totalling 1,562 meters)

 

JES-22-58 (Core)

  • 33.3m at 0.6 g/t Au and 2 g/t Ag, from 85.6 meters

o  Including 21.7m at 0.9 g/t Au

 

JES-22-59 (Core)

  • 116.9m at 1.2 g/t Au and 7 g/t Ag

o  Including 48.1m at 2.8 g/t Au and 9 g/t Ag

o  Including 10.2m at 12.0 g/t Au and 23 g/t Ag

 

JES-22-61 (Core)

  • 63.4m at 0.6 g/t Au and 11 g/t Ag, from 60.8m

o  Including 29.9m at 0.9 g/t Au and 18 g/t Ag, from 60.8m

 

JES-22-62 (Core)

  • 108.6m at 0.8 g/t Au and 3 g/t Ag, from 48.7m

o  Including 31.9m at 2.4 g/t Au and 2 g/t Ag, from 125.4m

o  Including 9.4m at 7.6 g/t Au and 5 g/t Ag, from 144.8m

 

JES-22-63 (RC)

  • 54.9m at 0.3 g/t Au and 5 g/t Ag, from 6.1m

o  Including 13.7m at 0.6 g/t Au and 13 g/t Ag, from 6.1m

 

 

Discussion of Results

 

As part of the Phase III program, nine drill holes have been completed totalling over 1,562 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).

 

 

Drill hole JES-22-63 was successful in intersecting a significant zone of broad low-grade gold mineralization in a silicified andesite host with quartz veining (54.9 meters of 0.3 g/t Au, including 13.7 meters of 0.6 g/t Au and 9.2 meters of 0.6 g/t Au). The intersection included a near surface quartz vein zone grading 1.6 g/t Au and 29 g/t Ag over 4.6 meters. The broader low-grade interval is interpreted to be a new parallel trend, 100-meters northeast of JES-21-47 (47.3m of 0.7 g/t Au) and 200-meters northeast of JES-22-62 (108.6m of 0.8 g/t Au).

 

 

Drill hole JES-22-65 tested an area along the 4-T Trend where surface sampling returned consistent gold mineralization. Although no significant mineralization was recorded, a broad anomalous zinc zone with average grades above 500 ppm was recorded from surface to 81.2 meters depth. Propylitic alteration recorded in the hole associated with a silicified andesite host suggests the hole is proximal to more robust mineralization.

Posted June 9, 2022

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