Tocvan Outlines High Grade Expansion Targets Through Soil Sampling at Gran Pilar Soils Return up to 21.2 g/t Gold and >2,000 g/t Silver
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PRESS RELEASE
Tocvan Outlines High Grade Expansion Targets Through Soil Sampling at Gran Pilar
Soils Return up to 21.2 g/t Gold and >2,000 g/t Silver
Highlights:
• Soil Grid Across the Southern Portion of Gran Pilar Returns High-Grade Results:
• Including 21.2 g/t Au and >2,000 g/t Ag, 1,000 meters northeast of the Main Zone;
• 2.4 g/t Au and 21.9 g/t Ag, 1,700 meters east, northeast of the Main Zone;
• 1.3 g/t Au and 299 g/t Ag, 390 meters north, northeast of the Main Zone;
• 1.2 g/t Au and 8.2 g/t Ag, 1,700 meters east of the Main Zone;
• 0.8 g/t Au and 23.4 g/t Ag, 1,500 meters southeast of the Main Zone;
• 0.6 g/t Au and 7.7 g/t Ag, 2,000 meters southeast of the Main Zone.
• 62 of 541 Sample over 0.1 g/t Au or 100 ppb
• 350 of 541 Samples over 0.02 g/t Au or 20 ppb, Considered Anomalous for Exploration
• Surface Exploration Work Ongoing at Gran Pilar, 184 Rock Samples Pending Analysis
• Video: Soil Sample Overview
Calgary, Alberta – November 12, 2024 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is
pleased to provide exploration results from its Gran Pilar gold-silver project in mine-friendly Sonora, Mexico. Surface soil
and rock sampling has been ongoing across the Gran Pilar project area with a focus on the northern and eastern extensions
of the Main Zone, North Hill and 4 -T trends. To date, over 541 soil samples and 184 rock chip samples and counting have
been collected by technical staff . Results for 541 soil samples are provided in this release across an area that totals over
two-square kilometers within the southern block of Gran Pilar where Tocvan holds 100% interest (see Figure 1). This data
builds off of a previous soil grid completed across the original Pilar concessions. The soil grid was completed along north-
south orientated lines 100 meters apart with 50-meter sample spacing. Soil material from each site was sieved below 200
mesh or 74 mic rons, collecting an average sample size of 1.3 kg at each sample location. The southern block remains
unsampled 1.4 kilometers east and 400 meters south of the soil grid released today. Another four-square kilometer remains
unsampled and open for additional discovery within the southern block alone.
In exploration, soil sampling is a useful tool for locating areas of interest through the geochemical expression of weathered
rock. The subtle increase in gold or other pathfinder elements are tracked to outline target areas. Samples returning values
greater than 0.02 g/t Au or 20 ppb Au are thought to be anomalous and worthy of closer evaluation. Sample results with
values greater than 0.1 g/t Au or 100 ppb Au are thought to be significant and warrant immediate follow-up as near surface
mineralization is likely. It is important to note that the soil samples are widely spaced on a 50 -meter by 100-meter grid.
The results have yielded high-grade gold and silver mineralization across the sample grid with the highest value returning
21.2 g/t Au (21,200 ppb), greater than 2,000 g/t Ag, 0.62% Cu, 12.7% Pb and 2. 3% Zn. Follow-up has shown this highly
anomalous sample coincides with a nearby historic working concealed in overgrown vegetation. This sample is within a
broader zone of anomalous values that extends for over 800 -meters long and 500 -meters wide. Several other zones of
significant and consistently high values of gold have been identified showing several kilometers of prospective trend that
remains open to the east for further expansion.
For reference, historically the highest soil sample across the Main Zone returned 8.1 g/t Au and 12 g/t Ag with most values
ranging as low as 0.04 g/t Au or 40 ppb Au. Results from the recent soil survey are summarized in Figure 1 and Table 1.
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“The results from the soil survey are simply incredible with samples exceeding the analysis overlimits two to three times;
outlining the much larger potential for significant mineralization at Gran Pilar” commented Brodie Sutherland, CEO. “The
consistently high values across t he area is telling of the overall potential, this area also coincides with early
reconnaissance sampling that has returned significant gold and silver values released earlier this year. It is fantastic to
see several values in excess of 1 gram per tonne in the soil results and immediate follow-up has proven the values are
directly related to mineralized structures tied to historic workings. This proves the soil sampling method is extremely
effective in discovering new areas of interest. As surface work and drill preparation continues, we look forward to
refining these targets for future drill programs. It is important to note that the entire area has never seen systematic and
modern exploration, these areas are completely new and we are beginning to outline the larger mineralized system that
remains untested. This is just one portion of the southern bl ock of Gran Pilar with eve n larger untested sections of the
property extending to the north. More results are to come as we unlock the full potential of Gran Pilar.”
Figure 1. Summary of Latest Soil Sample Results from Gran Pilar, highlighting the expansion potential to the north and
east of the Main Zone. Gold values above 20 ppb are thought to be anomalous. The highest values recorded in recent soil
sampling were up to 21,200 ppb or 21.2 g/t Au.
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Figure 2. Gran Pilar project overview showing location of soil sample grid in the southern block of the property. Further to
the north a separate mineralized system remains largely unsampled with only early reconnaissance completed to date.
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Table 1. Summary of Soil sample results and the related pathfinder elements for gold values greater than 200 ppb or 0.2
g/t Au.
Sample
ID
Precious
Metals
Base Metals Pathfinder Elements
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
As
(ppm)
Hg
(ppm)
Mo
(ppm)
Sb
(ppm)
Te
(ppm)
5775 21.2 >2,000 6,160 127,000 22,800 61 3.64 5.5 336 4.5
6204 2.40 21.9 212 3,690 1,575 2,140 0.20 1.9 19 0.1
6257 1.25 299 278 1,305 1,760 2,440 1.45 5.0 167 0.1
5876 1.20 8.2 31 403 274 413 0.09 0.5 3 0.1
5932 0.79 23.4 46 370 445 1,470 0.18 0.6 14 0.0
5859 0.61 53.5 76 332 215 359 0.14 0.5 12 0.1
6315 0.61 7.7 23 328 361 539 0.08 0.2 4 0.0
5979 0.59 5.3 15 159 159 244 0.07 0.8 3 0.0
5873 0.53 3.0 44 167 237 141 0.06 0.7 2 0.0
5730 0.52 2.8 67 55 138 77 0.05 1.0 2 0.1
6302 0.50 8.5 57 384 259 586 0.11 1.6 2 0.1
6233 0.50 2.9 143 466 1,415 6 0.05 0.5 1 0.1
5789 0.47 0.6 33 41 101 33 0.03 1.3 1 0.0
5878 0.36 1.5 37 178 217 60 0.04 0.6 1 0.0
5671 0.35 0.7 85 82 115 6 0.04 1.1 1 0.1
5827 0.32 2.7 57 110 161 108 0.07 1.3 1 0.2
5858 0.32 17.5 237 132 194 622 0.07 0.9 10 0.1
6306 0.31 2.1 35 130 266 468 0.07 0.7 1 0.1
5875 0.28 5.8 53 518 294 265 0.11 1.4 3 0.0
6335 0.28 2.8 43 97 207 234 0.09 0.9 2 0.1
5857 0.27 6.9 39 120 93 938 0.05 3.5 4 0.1
5637 0.25 2.9 26 37 121 56 0.03 0.3 1 0.1
5874 0.23 4.4 41 345 337 373 0.09 0.6 2 0.1
6235 0.22 1.4 34 57 193 48 0.02 0.5 1 0.1
6203 0.21 6.1 108 331 310 394 0.07 0.7 2 0.1
5950 0.20 0.3 12 14 97 15 0.10 0.2 1 0.1
5863 0.20 1.8 36 93 217 115 0.08 0.7 1 0.1
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Figure 3. Target Map of the Gran Pilar Project Area. Recent surface discoveries have highlighted several target zones
across the project area.
About the Pilar Property
The Pilar Gold-Silver property has returned some of the regions best drill results. Coupled with encouraging gold and silver
recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a
structurally controlled low -sulphidation epithermal system hosted in andesite rocks. Initially t hree primary zones of
mineralization were identified on the original property from historic surface work and drilling and are referred to as the
Main Zone, North Hill and 4 -T. Each trend remains open to the southeast and north and new parallel zones have been
discovered. Structural features and zones of mineralization within the structures follow an overall NW -SE trend of
mineralization. Mineralization extends along a 1.2 -km trend, only half of that trend has been drill tested s o far. The
Company has now expanded its interest in the area by consolidating 22 square -kilometers of highly prospective ground
where it has already made significant surface discoveries.
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Pilar Drill Highlights:
• 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
o 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
o 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
o 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
• 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
o 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
o 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
o 29m @ 0.7 g/t Au
o 35.1m @ 0.7 g/t Au
• 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
o 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
o 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
o 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
• 15,000m of Historic Core & RC drilling. Highlights include:
o 61.0m @ 0.8 g/t Au
o 21.0m @ 38.3 g/t Au and 38 g/t Ag
o 13.0m @ 9.6 g/t Au
o 9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
• 62% Recovery of Gold Achieved Over 46-day Leaching Period
• Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
• Bulk Sample Only Included Coarse Fraction of Material (+3/4” to +1/8”)
• Fine Fraction (-1/8”) Indicates Rapid Recovery with Agitated Leach
o Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94%
Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
• Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
o 95 to 99% Recovery of Gold
o 73 to 97% Recovery of Silver
o Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.
Based on management’s strong belief in the project’s potential, the Company is outlining a permitting and operations
strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000
tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early
in 2025. With gold prices hitting all- time highs, the Company believes the onsite test mine will provide key economic
parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that
produced important data showcasing the potential to recover both gold and silver through a variety of methods including
heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).
About Tocvan Ventures Corp.
Tocvan’s advancing gold-silver projects are located in the mine- friendly jurisdiction of Sonora, Mexico. Through ongoing
exploration programs, Company is unveiling the high -potential at its Gran Pilar Gold-Silver Project where it holds 100%
interests in over 21 square kilometers of prospective area and a majority ownership (51%) in a one square kilometer area
shared with Colibri Resources. The Company also holds 100% interest in the Picacho Gold -Silver project in the Caborca
Trend of northern Sonora, a trend host to some of the major gold deposits of the region. Management feels both projects
represent tremendous opportunity to create shareholder value.
Tocvan has approximately 51 million shares outstanding.
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Quality Assurance / Quality Control
Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS
laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified.
Gold and multi-element analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal
weight. Over limit gold values greater than 1 g/t were re-assayed with a more robust aqua regia digestion ad ICP-MS finish.
Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control
samples comprising blank samples and certified reference materials were systematically inserted into the sample stream
and analyzed as part of the Company’s robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO 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.
Cautionary Statement Regarding Forward Looking Statements
Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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”,
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certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occ ur 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, performance or achi evements 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 of 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 requi red 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, CEO
1150, 707 – 7 Ave SW
Calgary, Alberta T2P 3H6
+1-403-829-9877
The Howard Group
Jeff Walker
VP Howard Group Inc.
+1-403-221-0915