- Tocvan Ventures (TOC) reported drill results for the remaining drill holes completed at its El Picacho Gold-Silver project in Sonora, Mexico
- 10 drill holes totalling 1,075.1-meters were completed at the San Ramon Prospect that have returned high-grade gold with silver
- Mineralization was confirmed and the most significant mineralization was discovered in a 100-meter step-out from historic workings and continues at depth
- Tocvan Ventures Corp. (TOC) was up 6.90 per cent, trading at C$0.62 per share as of 3 pm ET
Tocvan Ventures (TOC) reported 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 that have returned high-grade gold with silver.
Mineralization was confirmed, and the most significant mineralization was discovered in a 100-meter step-out from historic workings and continues at depth.
Hole SRA-22-010 returned the most significant results so far, 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.
Other highlights:
- Hole SRA-22-004 returned 13.7-meters of 5 g/t Ag from 128.1-meters
- Confirms mineralization in lower metasediments – 2 g/t Ag over 100.6-meters
- Hole SRA-22-007 returned 7.6 meters of 0.3 g/t Au and 17 g/t Ag from 24.4 meters
- Including 3.1-meters of 0.6 g/t Au and 31 g/t Ag
- Hole SRA-22-005 returned 4.6-meters of 0.5 g/t Au and 5 g/t Ag from 21.4 meters
Mineralization has now been intersected over a 300-meter strike and 200-meter down-dip from the surface exposure. The team is now analyzing this data to plan follow-up drilling.
An initial review suggests drilling in a southeast direction would see the best result for testing high-grade mineralization and adjacent low-grade.
El Picacho is home to several other target areas permitted for drilling that span across the 24 km2 project area.
Tocvan CEO Brodie Sutherland explained that not only has the team confirmed mineralization tied to the old workings but also stepped out and discovered even better mineralization at depth.
“We now have a better understanding of the optimal drill orientation to test the system and look forward to following up on not only the San Ramon prospect but testing the other prospects across the large land package. To be able to test our model, adjust on the fly and use this information to successfully hit the best mineralization in our first step-out is a massive testament to the team. We look forward to analyzing these results to plan for the next stage of drilling at El Picacho.”
Tocvan is an early-stage natural resource company engaged primarily in the acquisition, exploration, and development of mineral properties.
Tocvan Ventures Corp. (TOC) was up 6.90 per cent, trading at C$0.62 per share as of 3 pm ET.