- Tocvan Ventures (CSE:TOC) is preparing for its Pilar Gold-Silver Project drill program in Mexico
- The program will include 10,000 metres of drilling focused on resource definition and expansion
- Tocvan Ventures is aiming to have a maiden mineral resource estimate completed in late 2024
- Shares of Tocvan Ventures are up 1.25 per cent to C$0.405 as of 10:32 am ET
Tocvan Ventures (CSE:TOC) has revealed it is preparing for a drill program at its Pilar Gold-Silver Project in Mexico.
The Calgary-based company stated in a news release that the program will include 10,000 metres of drilling with a goal of having a maiden mineral resource estimate (MRE) completed by late 2024.
It is anticipated the program will begin in late January and continue throughout the year, with the potential of expanding the program to 20,000 metres.
“Building off our past drill success and recent bulk sample milestones, we are excited to be back drilling at Pilar in the new year,” Brodie Sutherland, CEO of Tocvan Ventures, said in a statement. “Our primary focus will be on resource definition while we test several new discoveries across greater Pilar.”
Sutherland added the company will continue advancing its permitting initiatives towards development.
Located in Sonora, Mexico, the Pilar Property spans over 2,277 hectares and is in the advanced stages of moving towards production.
The company owns 51 per cent of the property and has the potential to earn up to 100 per cent of Pilar.
The project has recently returned some of the region’s best drill results and has the potential to be a near-term producer. It is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. To date, more than 23,000 metres have been drilled at the project.
Tocvan Ventures is an exploration development company focused on taking advantage of the downturn in the junior mining exploration sector.
Shares of Tocvan Ventures are up 1.25 per cent to C$0.405 as of 10:32 am ET.
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