- The Phase II drill program at Pilar is nearing the halfway point with a total of 4,000 meters planned
- Eleven drill holes have been completed for a total of 1,811 meters
- Early drilling focused on the extension of the Main Zone
- Drill targeting has now shifted towards testing new areas along the 4-Trench Extension and Triple Vein Zone areas
- Three zones of mineralization have been identified in the northwest part of the Pilar property
- Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE Vein Zone and 4 Trench Extension
- Tocvan is an early-stage natural resource company engaged primarily in the acquisition, exploration and, if warranted, development of mineral properties
- Tocvan Ventures Corp. (TOC) is trading at C$0.93 per share at 10:30 am ET
Tocvan Ventures Corp (TOC) is pleased to provide an update for its flagship Pilar Gold-Silver Project in Sonora, Mexico.
The Phase II drill program is nearing the halfway point with a total of 4,000 meters planned.
To date, eleven 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.”
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 northwest 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
- – 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 sampling results from undrilled areas indicate mineralization extends towards the southeast from the Main Zone and 4-Trench Zone.
Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE Vein Zone and 4 Trench Extension.
Tocvan is an early-stage natural resource company engaged primarily in the acquisition, exploration and, if warranted, development of mineral properties.
Tocvan Ventures Corp. (TOC) is trading at C$0.93 per share at 10:30 am ET.