Tocvan Announces Results from Property Scale Soil Survey, Includes Highest Soil Results to Date with 8 g/t Gold & 317 g/t Silver New East Zone Discovery, at the Pilar Gold-Silver Project in Sonora, Mexico
P R E S S R E L E A S E
Tocvan Announces
Results from Property Scale Soil Survey, Includes
Highest Soil Results to Date with 8 g/t Gold & 317 g/t Silver
New East Zone Discovery,
at the Pilar Gold-Silver Project in Sonora, Mexico
Calgary, Alberta – June 24, 2020 . Tocvan Ventures Corp. (CSE: “TOC”) (“ Tocvan ” or the “ Corporation ”) is pleased to announce
results from the soil sampling survey at the Pilar Gold-Silver Project in Sonora, Mexico.
The highest assay results have been returned for go ld and silver on the Pilar property in separate soi l assays; 8 g/t Au & 317 g/t Ag.
Also, a new zone of gold and silver mineralization containing areas of high grade gold and high grade silver has been revealed and is
termed the “East Zone”, see figure 1.
Soil samples were systematically collected across t he property as one of several survey tools to defin e mineralization trends associated
with geological structures. To further help define mineralization trends previous results were also in cluded and are shown below.
Combined, these results have highlighted gold-silve r areas and gold-silver trends across the Pilar pro perty from north to south to
narrow the focus for drilling.
Historically, the focus for development on the Pila r property has been in the north-west part of the p roperty in the Main Zone and
North Hill Zone. These zones along with the 4-Trenc h Zone have received over 17,700m of drilling. The Pilar property is a low-
sulphide epithermal system, structure is key in min eralization deposition. In order to know where the mineralization is located, the
structures need to be known and understood. In the efforts to define the structures controlling minera lization in the Main, North Hill,
and 4-Trench zones, discoveries have been made else where on the property, and those discoveries collec tively have revealed a new
zone of gold-silver mineralization, the East Zone (Figure 1).
Figure 1 characterizes the gold-silver assay result s from the soil survey conducted this past March in to April across the Pilar property.
Also shown on figure 1 are gold-silver assay result s from rock-grabs collected on the property this pa st November and previously
reported January 7, 2020, they are included and sho wn here to provide a holistic view. Those rock-grab s were collected in response to
testing high grade gold-silver soil assay results r eported by Colibri Resource Corp. in 2018 and there fore show the effectiveness of
assaying soil samples.
Taken collectively, the gold-silver assay results h ave revealed trends and zones of mineralization as depicted in figure 1 and the
following figures. In figure 1 the gold-assay soil return is represented by and the silver-assay-soil return is represented by . Gold
and silver assay results collected as rock-grabs this past November and reported January 7, 2020 are r epresented by .
The new East Zone (Figure 1) is represented by high grade gold and high grade silver assay results fro m rock grabs and soil sampling,
and is a new trend of mineralization parallel to th e NW-SE trend of mineralization of the Main Zone an d North Hill Zone (see the
bottom of this press release for summary drill resu lts of the Main and North Hill zones). This trend/z one first started to reveal itself
after a rock sampling survey conducted this past No vember. Some significant results include over 5 g/ t gold and over 9 g/t gold
(Figure 1), but also notably 323 g/t silver, 317 g/ t silver, 127 g/t silver, and at the south-east cor ner of the property 84 and 76 g/t silver
(Figure 1). This area roughly covers 600m x 200m an d trends in the same direction as the Main Zone (wh ich has been drilled to a
depth of ~100m) and with NW-SE trending structures. Historically, previous operators have focused on d eveloping gold on the Pilar
property, clearly silver should be included as a part of that focus as well, and will be.
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Figure 1. Results from the 2020 Soil Survey at Pilar Au-Ag Project
Figures 2 and 3 below are mathematically smoothed s oil gold-silver assay data to better reveal trends of mineralization and hence
structural trends. The property is known to have cr oss-cutting NW-SE trending structures and NE-SW tre nding structures, an excellent
combination of structures for mineralized fluid dep osition. Directional trends have tentatively been i nterpreted and are depicted by
yellow arrows on both figures. The figures below sh ow trends of mineralization (structure) in under ex plored areas, and so, provide
additional growth opportunities to locate more gold and silver. Mineralization is structurally control led, knowing the locations,
directions and especially the intersections of the structures will help to narrow the focus for locati ng drill targets.
The soil samples were analyzed by ALS Limited for g old and silver via Au-AA23 package (fire assay and atomic absorption) and Ag-
AA45(aqua regia digestion and atomic absorption).
Next Steps for Pilar
Moving forward, scheduled work to be done, and incl uded with these and previous results, are structura l analyses with associated
survey tools by structural geologists, and XRF surv ey of samples across the property and of historic d rill hole samples held in storage.
XRF identifies elements and their amounts which in turn help to identify pathfinder elements. All thes e surveys and analyses will be
taken collectively in order to locate the structure s and hence mineralization to provide targets for t he drill program; currently
anticipated in late summer/early fall of this year.
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Figure 2. Silver in Soil Results.
Figure 3. Gold in Soil Results.
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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 rec ommendations from health leaders
when social-distancing becomes a challenge. Countri es are beginning to allow businesses to operate aga in. Isolation is an inherent part
of mineral development programs.
About the Pilar Property
The Pilar Gold-Silver property has been identified as a structurally controlled low-sulphidation epith ermal project hosted in Andesite
and Rhyolite rocks. Hydrothermal fluids carrying go ld, silver and other minerals are transported throu gh the pre-existing structures
and deposit out of the fluids and become emplaced w ithin the structures and surrounding host rock. Thr ee zones of mineralization
have been identified in the north-west part of the property from historic surface work and drilling an d are referred to as the Main Zone,
North Hill and 4 Trench. Structural features and zo nes 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 highligh ted 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
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 indicati ng mineralization extends towards the southeast fro m the Main
Zone, North Hill Zone, and 4-Trench Zone
Additional areas of mineralization have been identi fied 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 trendin g zone described above; gold-
silver mineralization is indicated across the prope rty from the north to the south, see press release dated January 7, 2020. Significant
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 release pert aining to geological data and its interpretation ha s been prepared by Mark T.
Smethurst, P.Geo., COO, Director of the Company, an d a “qualified person” within the meaning of Nation al Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
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About Tocvan Ventures Corp .
Tocvan is a well-structured exploration mining comp any. Tocvan was created in order to take advantage of the prolonged downturn
the junior mining exploration sector, by identifyin g and negotiating interest in opportunities where m anagement feels they can build
upon previous success. Tocvan Ventures Currently ha s approximately 17.7 million shares outstanding and is earning into two exiting
opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in So uthern British Columbia,
Management feels both projects represent tremendous opportunity.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Derek A. Wood, President and CEO
Suite 1150 Iveagh House,
707 – 7 th Avenue SW
Calgary, Alberta T2P 3H6
Telephone: (403) 200-3569
Email: [email protected]
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