Drill targets, announced at the Pilar Gold-Silver Project
P R E S S R E L E A S E
Tocvan Announces
Drill Targets, at the
Pilar Gold-Silver Project in Sonora, Mexico
Calgary, Alberta – October 27, 20 20. Tocvan Ventures Corp. (CSE: “TOC”) (“Tocvan” or the “ Corporation”) is pleased to
announce drill targets for the next phase of the development program at the Pilar Gold-Silver Project in Sonora, Mexico. Drill permitting
is underway and is pending.
Successes have been achieved from the Phase 1 target generating program over the past six months to locate targets for drill testing.
MPH Consulting Limited, and SRK Consulting (Canada) Inc. have completed the structural analyses on the Pilar Property in Mexi co.
High grade gold and silver are located within and controlled by structures such as faults, intersecting faults, and dilated structures.
Results from the study show deep penetrating sub-vertical north-trending structures found within the northwest trending structural shear
corridor. Gold and silver mineralization correspond with north-trending structures and are bounded within the northwest trending shear
zone. The north -trending faults are extensional features that can be interpreted as en -echelon (dilational) structures. These dilational
faults have an approximate len gth of 300m, extend from surface to an approximate depth of 600m, and are repeating structures within
the northwest trending large shear corridor across the property for at least 1,000m. Additional drill targets, where gold values are also
controlled, are at the intersections of north -trending faults with northwest-trending shear structures. These intersections are often areas
of weaknesses, dilated, and present as pockets and chutes.
The north-trending extensional structures (en eche lon) are dominant feat ures becoming more conspicuous with depth and likely acted
as the plumbing system for the mineralized hydrothermal fluids. These structures start to become more discernible at 250m bel ow
surface with increasing clarity approaching 600m below surface. Figur es 1 and 2 show depth slices at 400m and 600m below surface.
Note the blue features in Figures 1 and 2, these are magnetic lows representing the north -trending extensional structures within the
northwest trending shear corridor. Also note in press release dated Sept. 29, 2020 the additional target of the near/at -surface pipe-
structure discovery (Figure 3) and its correlation with the middle north -trending structure (blue, white -dashed line) in Figure 1. Pipe -
structures are features formed in areas of weakness, ie. intersecting faults, and have the possibility of containing high grade gold and
silver. Note in press release dated Oct. 15, 2020 the spatial correlation of the recently identified high grade silver East Z one with an
interpreted pipe-feature from geochemistry analyses.
According to the epithermal model which draws comparisons from epithermal deposits from around the world, high grade gold and
silver including bonanza grades (> 1opt gold) have commonly been found at depths of 250m to as far as 800m below surface (Corbett,
C., Leach, T., 1997). Those high grade intercepts have been found within large vein structures, fissures, pipe -structures, and other
extensional (dilation) structures. The target generating work completed over the past 6 months have revealed structures amenable to
possessing high grade mineralization consistent with the low-sulphide epithermal model.
Results from the structural study reinforce a previous recent study (press release Sept. 29, 2020) based on geochemistry of l ocating the
epithermal gold-silver system vertically in space, this is key in estimating the depth to intercept high grade gold and silver. Highly
silicified rocks trend northwest – southeast and have a spatial correlation to northwest- southeast trending faults. These silica caps (silica
sinters) are located in the Main Zone and North Hill Zone and are believed to have thicknesses of at least 150m. Silica sinte rs are
indicative of the paleo-surface (the original surface at the time of emplacement), it is the surface expression of the hydrothermal system.
According to the epithermal model, it is not uncommon for highly silicified areas to contain leakage anomalies of mineralization, from
which, is an indicator of higher grade mineralization deeper down in an epitherm al gold-silver system beneath the silica caps. From
comparisons of epithermal deposits from around the world, high grade gold and silver have commonly been found at depths of 250m to
as far as 800m below the paleo-surface (Corbett, C., Leach, T., 1997).
Reference:
Corbett, G.J., and Leach, T.M., 1997, Southwest Pacific Gold -Copper Systems: Structure, Alteration and Mineralization: Short Course
Manual.
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Figure 1. 3D Inversion Magnetic Susceptibility slice at ~600m below surface (MPH Consulting Ltd) (SRK Consulting (Canada) Inc.).
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Figure 2. 3D Inversion Magnetic Susceptibility slice at ~400m below surface (MPH Consulting Ltd) (SRK Consulting (Canada) Inc.).
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Figure 3. Interpretation of ground Induced Polarization data (MPH Consulting Ltd).
Special Note:
The current world health situation requires adjustments to work programs, health and safety is considered first.
Current health advice is for families and groups to self -isolate and to use caution with suggested recommendations from health leaders
when social-distancing becomes a challenge. Countries are beginning to allow businesses to operate again . Isolation is an inherent part
of mineral development programs.
About the Pilar Property
The Pilar Gold -Silver property is interpreted as a structurally controlled low -sulphidation epithermal project hosted in a ndesite and
rhyolite rocks. Hydrothermal fluids carrying gold, silver and other elements are transported through the pre -existing structures and
precipitate from the fluids to become mineralized veins within the structures and surrounding host rock. Three zones of mineralization
have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone,
North Hill and 4 T rench. Structural features and zones of mineralization within the structures follow an overall NW -SE trend of
mineralization. Over 17,700m of drilling have been completed to date. Significant results are highlighted below from previous operators:
• 17,700m of Core & RC drilling. Highlights include (all lengths are drilled thicknesses):
o 0.73g/t Au over 40m
o 0.75g/t Au over 61m
o 17.3g/t Au over 1.5m
o 5.27g/t Au over 3m
o 53.47g/t Au & 53.4g/t Ag over 16m
o 9.64g/t Au over 13m
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o 10.6g/t Au & 37.8g/t Ag over 9m
• 2,650m of surface and trench channel sampling. Highlights include:
o 55g/t Au over 3m
o 28.6g/t Au over 6m
o 3.39 g/t Au over 50m
• Soil sampling results from undrilled areas indicating mineralization extends towards the southeast from the Main Zone,
North Hill Zone, and 4-Trench Zone
Additional areas of mineralization have been identified resulting from surface rock -grab-sample assay results that extend known
mineralized trends and show a second NW -SE trend of mineralization to the east parallel to the trending zone descr ibed above; gold-
silver mineralization is indicated across the property from the north to the south, see press release dated January 7, 2020. S ignificant
results from that particular survey are highlighted below:
Sample # Au g/t Ag g/t Cu % Pb %
PILAR-MTS-02 0.9 14.3 0.261 0.003
PILAR-MTS-03 1.3 5.4 0.338 0.002
PILAR-MTS-05 0.8 12.7 0.129 0.002
PILAR-MTS-06 3.2 8.3 0.350 0.001
PILAR-MTS-09 0.2 2.2 1.255 0.005
PILAR-MTS-10 0.9 17.2 0.734 0.010
PILAR-MTS-11 3.8 57.4 0.846 0.005
PILAR-MTS-12 0.0 5.6 1.910 0.001
PILAR-MTS-13 0.0 12.9 0.946 0.001
PILAR-MTS-14 0.1 3.3 1.400 0.001
PILAR-MTS-19 0.8 1.7 0.013 0.008
PILAR-MTS-20 5.6 84.2 0.088 1.710
PILAR-MTS-21 0.7 20.3 0.027 0.185
PILAR-MTS-22 9.3 76.4 0.120 2.150
PILAR-MTS-25 0.5 323.0 0.016 0.242
PILAR-MTS-26 1.4 2.4 0.002 0.013
PILAR-MTS-27 2.2 14.7 0.012 0.259
PILAR-MTS-29 4.3 172.0 0.086 1.125
PILAR-MTS-30 23.7 116.0 0.089 0.040
PILAR-MTS-33 4.4 44.5 0.109 0.036
PILAR-MTS-34 7.5 41.9 0.044 0.022
PILAR-MTS-35 2.2 3.5 0.179 0.008
The technical information in this news releas e pertaining to geological data and its interpretation has been prepared by Mark T.
Smethurst, P.Geo., COO, Director of the Company, and a “qualified person” within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the
junior mining exploration sector, by i dentifying and negotiating interest in opportunities where management feels they can build upon
previous success. Tocvan Ventures Currently has approximately 1 7.7 million shares outstanding and is earning into two exiting
opportunities. The Pilar Gold proj ect in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia,
Management feels both projects represent tremendous opportunity.
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 rele ase 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
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These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding
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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 achievements expressed or implied by the fo rward-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.
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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 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 FURTHER INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Derek A. Wood, President and CEO
Suite 1150 Iveagh House,
707 – 7th Avenue SW
Calgary, Alberta T2P 3H6
Telephone: (403) 200-3569
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 Uni ted States. The securities have
not been and will not be registered under the United States Securities Act of 1 933, 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.