Tocvan Announces Exploration Plans for El Picacho Au-Ag Project Sonora, Mexico
PRESS RELEASE
Tocvan Announces Exploration Plans for El Picacho Au-Ag Project Sonora, Mexico
Calgary, Alberta – November 15, 2021 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE/WKN:
TV3/A2PE64), is pleased to announce the exploration plans for its El Picacho Au-Ag Project in Sonora, Mexico . El Picacho
was a recent acquisition with the company negotiating the assignment of the option agreement from Millrock Resources.
Five primary target areas (San Ramon, Cornea, Jabali, Puerto and Tortuga) have been identified to date combining for over
6 kilometers of prospective trend. The p roject is ful ly permitted for 1,995 meters of trenching , 60 drill holes (up to
15,000m) and 2.2 kilometers of access roads. The permit is a critical piece to the advancement of El Picacho and will allow
Tocvan to scale-up exploration as needed. The company remains focuse d on its advanced stage Pilar Gold-Silver Project,
however the high perspectivity of El Picacho warrants further investigation.
2021/2022 Exploration Plans
• Target Evaluation
• Surface Sampling and Detailed Target Mapping
• Trenching and Channel Sampling of Priority Targets:
o San Ramon (Permitted up to 800m)
o Cornea (Permitted up to 800m)
o Jabali (Permitted up to 400m)
• Drill Targeting (Permitted for up to 15,000m in 60 drillholes across the 5 primary target areas)
“As we look to continue the advance ment of our P ilar Project we are equally excited to begin exploration at El Picacho. ”
commented VP Exploration, Brodie Sutherland. “El Picacho is an important acquisition for Tocvan as we look to expand our
portfolio of quality gold-silver assets in Sonora. The Caborca Orogenic Belt is host to major gold and silver producing mines
and we believe the geology and structural features at El Picacho are favourable to the o rogenic gold model. To date, five
primary target areas have been defined showing excellent potential from surface rock and channel sampling. Each target
area has several historic mine workings along key structures furt her confirming the po tential for a broad mineralized
system. The majority of these targets have never been drill tested, and we look forward to advancing these targets to drill
ready status over the next year. ”
Figure 1. Plan Map of El Picacho Target Areas. All 5 targets are permitted for Drilling up to 15,000m. San Ramon,
Cornea and Jabali are permitted for up to 2,000m of trenching.
Photo 1: El Picacho Project Area with San Francisco Mine in the background (white arrow).
San Francisco Mine
Photo 2: Historic Working along shear-zone – Cornea Target
Photo 3: Mineralized Quartz Carbonate Vein – Jabali Target
About the El Picacho Property
The El Picacho Gold-Silver property is interpreted as a orogenic gold system within the regional Caborca Orogenic Gold Belt
known for producing gold mines that include La Herradura and San Francisco . The project is 140 kilometers north of
Hermosillo and totals 2,414 h ectares. Five primary zones of mineralization have been identified across the property
totalling over six kilometers of prospective trends. Surface s ampling has identified high-grade gold and silver values. The
five primary target areas are summarized below:
• San Ramon
o 1.4 km prospective trend;
o Several historic mine workings associated with low angle thrust faults;
o Historic Drill Highlights (Both were reconnaissance holes with no follow-up):
(Drill hole PD-01) 7.6m @ 0.73 g/t Au, including 3.0m @ 1.37g/t Au
(Drill hole RCP-02) 10.7m @ 0.67 g/t Au, including 4.6m @ 1.4 g/t Au
o Rock Sampling highlights:
22 g/t Au and 22 g/t Ag
16 g/t Au and 26 g/t Ag
14 g/t Au and 83 g/t Ag
• Cornea
o 2.3 km prospective trend;
o Historic mine workings up to 30-meters deep along shear-zones;
o Rock Sampling Highlights:
26 g/t Au and 340 g/t Ag
15 g/t Au and 66 g/t Ag
15 g/t Au and 29 g/t Ag
• Jabali
o 0.5 km prospective trend ;
o Historic mine workings among low-angle thrust faults;
o Rock Sampling Highlights
32 g/t Au
28 g/t Au and 10 g/t Ag
• El Puerto
o 1.2 km prospective trend ;
o Historic mine workings along vertical shear-zones hosted within a banded gneiss;
o Rock Sampling Highlights
8 g/t Au and 10 g/t Ag
6.5 g/t Au and 176 g/t Ag
• Tortuga
o 1.0 km prospective trend;
o Historic mine workings in Jurassic metasediments surrounded by mineralized biotite gneiss;
o Rock Chip Sampling Highlights
2m @ 4.4 g/t Au and 46 g/t Ag
Brodie A. Sutherland, P.Geo., VP Exploration for Tocvan Ventures Corp. and a qualified person ("QP") as defined by
Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
About Tocvan Ventures Corp.
Tocvan is a well- structured exploration development company. Tocvan was created in order to take advantag e of the
prolonged downturn the junior mining exploration sector, by id entifying and negotiating interest in opportunities where
management feels they can build upon previous success. Tocvan has approximately 31 million shares outstanding and is
earning in to two exciting opportunities in Sonora, Mexico : t he Pilar Gold -Silver project and the El Picacho Gold -Silver
project. Management feels both projects represent tremendous opportunity to create shareholder value.
Cautionary Statement Regarding Forward Looking Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect
to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-
looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-
looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including
negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”,
“might” or “will” be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our business. Management believes that these assumptions are reasonable.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, per formance or
achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to
the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s
financial position. Forward-looking statements contained herein are made as of the date o f this news release and the
Company disclaims any obligation to update any forward- looking statements, whether as a result of new information,
future events or results, except as may be required by applicable securities laws.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information.
FOR MORE INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, VP Exploration
950-736 6 Ave SW
Calgary, Alberta T2P 3T7
Telephone: 403-668-7855
Email: [email protected]
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United
States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.