Tocvan Core Drilling Extends Main Zone, 70 meters South Returns 7.2 g/t Gold and 80 g/t Silver Over 2.6 meters within 46.9 meters of 0.5 g/t Gold
Tocvan Core Drilling Extends Main Zone, 70 meters South
Returns 7.2 g/t Gold and 80 g/t Silver Over 2.6 meters within 46.9 meters of 0.5 g/t Gold
Highlights:
• Step-out Drilling 70 meters South, Extends Main Zone
• High-Grade Vein Returns 2.6 meters of 7.2 g/t Au and 80 g/t Ag
Duplicate Sample Analysis of High-Grade Vein returns 18 g/t Au over 1.1 meters
• Within Broader zone averaging 0.5 g/t Au over 46.9 meters, starting from 54.5 meters depth
• Remains Open and Untested to the South
Calgary, Alberta – April 16, 2025 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64),
is pleased to announce the remaining results from core drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora,
Mexico. Ten core drillholes totalling 1,167.5 meters were completed earlier this year within the majority owned (51%) Main
Zone held in partnership with Colibri Resource Corp. Today’s results are highlighted by 7.2 g/t Au and 80 g/t Ag over 2.6
meters, within a mineralized zone that averages 0.5 g/t Au over 46.9 meters starting from 54.5 meters downhole (drillhole
JES-25-112). Drill hole JES-25-112 is located 70 meters south of past drill hole JES -22-62, which returned 108.9 meters of
0.8 g/t Au (see April 26, 2022 News Release). Mineralization is hosted in a stockwork of quartz veining , with high grade
zones associated with shear zones with quartz andiron oxides filling fractures . JES-25-112 marks the southern most
successful hit of significant mineralization to date, the trend remains open to the south. A core duplicate sample through
the high-grade zone returned 18 g/t Au over 1.1 meters , the original sample returned 4.4 g/t Au. The variance has been
noted as a product of coarse gold in the system. The Company is evaluating additional studies to determine the impact of
high-grade variance on resource estimation. Hole JES-25-111, located 450 meters northeast of the Main Zone, within the
4-T Trend returned an anomalous zone of gold and silver that included 0.7 meters of 0.8 g/t Au and 24 g/t Ag. Hole JES-25-
110 located 300 meters from the Main Zone, within the North Hill Trend returned a n anomalous zone that includes 7.8
meters of 0.1 g/t Au. Intervals reported are drilled widths, true estimated widths are not known at this time.
RC drilling is ongoing with three holes completed to date totalling over 452.9 meters.
“Step-out drilling south of the Main Zone has extended the high-grade corridor where we previously thought
mineralization stopped.” commented, CEO Brodie Sutherland. “This has opened up the opportunity to further extend
mineralization to the south adding near surface resource potential. We have been very pleased with the success rate of
the core program, adding key geological information for resource modelling whilst enhancing our understanding of high-
grade zones and the true size potential of mineralization. RC drilling is ongoing advancing to the north of the Main Zone,
following up on our initial success with expansion area drilling. We look forward to updating our shareholders as those
results becom e available. Near term catalyst include drill results and updates on permitting initiatives for pilot
production and aggressive exploration across the expansion area.”
CSE: TOC | OTCQB: TCVNF | FSE: TV3
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Figure 1. 3D Long Section View on Main Zone Trend looking east.
Figure 2. Planview map of the Main Zone area and immediately north where recent RC drilling has discovered the extension of
mineralization along parallel trends. Today’s drill results are within the majority owned Main Zone. Results for additional RC drilling
are pending.
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Table 1. Summary of Drill Results in today’s release. Intervals reported are drilled lengths, currently there is insufficient information to
determine true widths.
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
JES-25-110 35.80 43.60 7.80 0.09 0.8 0.02 0.00 0.01
and 105.45 105.95 0.50 0.15 3.2 0.00 0.02 0.01
also 111.30 112.10 0.80 0.11 17.4 1.58 0.00 0.04
JES-25-111 27.80 37.10 9.30 0.12 2.5 0.00 0.00 0.02
including 27.80 28.45 0.65 0.84 24.2 0.00 0.04 0.09
JES-24-112 11.40 136.90 125.50 0.20 2.3 0.01 0.01 0.08
including 54.50 101.35 46.85 0.48 5.0 0.01 0.02 0.18
including 54.50 78.30 23.80 0.89 9.2 0.02 0.04 0.34
including 56.00 58.55 2.55 7.21 80.4 0.09 0.26 2.96
Table 2. Summary of drill collar locations and orientations. Coordinates are in UTM NAD 27, Zone 12N
Hole ID Easting Northing Elevation (m) Depth (m) Azimuth Dip
JES-25-110 617466 3144855 430 134.30 235 -70
JES-25-111 617853 3144729 436 101.40 0 -90
JES-25-112 617486 4144370 418 137.60 55 -80
Photo 1. Core Photo of quartz veining from hole JES-25-112, 56.0 to 58.55 returned 7.2 g/t Au, 80.4 g/t Ag and 2.96% Zn.
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Table 3. Summary of Drill Results from 2025 Core Program. All intervals reported are drilled widths.
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
JES-25-103 19.70 29.30 9.60 0.15 11.64
50.70 54.40 3.70 0.40 38.80
19.70 54.40 34.70 0.09 7.73
JES-25-104 87.83 97.55 9.72 10.31 4.85
23.25 54.00 30.75 0.14 1.21
14.10 97.55 83.45 1.27 1.24
JES-25-105 0.00 97.35 97.35 0.65 3.60
including 0.00 66.00 66.00 0.95 4.93
including 0.00 36.30 36.30 1.59 8.08
including 9.00 12.00 3.00 5.75 5.60
and 35.1 36.3 1.20 15.35 4.30
JES-25-106 0.00 121.50 121.50 0.03 0.98
including 112.60 115.55 2.95 0.42 0.77
JES-25-107 29.70 108.20 78.50 0.26 6.78
including 51.55 64.10 12.55 0.85 20.31
and 81.20 88.55 7.35 0.47 8.06
also 101.50 105.75 4.25 0.55 7.06
JES-25-108 0.00 64.90 64.90 1.23 13.69
including 8.30 11.30 3.00 21.58 208.50
and 46.40 53.50 7.10 1.55 20.67
including 50.50 51.90 1.40 7.33 101.00
JES-25-109 50.30 51.65 1.35 0.16 0.60
and 57.75 58.60 0.85 0.20 0.70
also 110.10 110.90 0.80 0.17 1.00
JES-25-110 35.80 43.60 7.80 0.09 0.8
and 105.45 105.95 0.50 0.15 3.2
also 111.30 112.10 0.80 0.11 17.4
JES-25-111 27.80 37.10 9.30 0.12 2.5
including 27.80 28.45 0.65 0.84 24.2
JES-24-112 11.40 136.90 125.50 0.20 2.3
including 54.50 101.35 46.85 0.48 5.0
including 54.50 78.30 23.80 0.89 9.2
including 56.00 58.55 2.55 7.21 80.4
Note: Please refer to the following news releases for detailed information on each hole.
JES-25-103 & 104, March 11, 2025
JES-25-105 – 106, March 19, 2025
JES-25-107 – 109, March 26, 2025
JES-25-110 – 112, April 16, 2025
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Figure 3. Gran Pilar Project Overview, > 22km2 of prospective ground with two primary targets: South Block, the direct extension and
expansion of the historic Main Zone defined by an expanding vein field of untested drill targets; North Block a 3.2 -km by 1.5-km pyrite
and clay alteration zone that coincides with high-grade gold-silver, the area remains largely untested.
Marketing Engagement
The Company announces it has engaged Aktiencheck AG to write website articles related to the Company’s news updates. On March
19, 2025, a fee of 5,000.00 Euros was paid for the distribution of news. There is no formal agreement, both parties have agreed to a
pay per use arrangement where future articles may be published. Some articles may be available on wallstreet-online.de. Information
on Aktiencheck can be found here: Aktiencheck.de The Company has not issued any shares in consideration for services.
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Pilar Drill Highlights:
• 2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
o 42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
o 56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
o 16.8m @ 0.8 g/t Au and 19 g/t Ag
• 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 Aug ust 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 ov er 21 square
kilometers of prospective area and a majority ownership (51%) in a one square kilometer area shared with Colibri Resources. T he
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 59 million shares outstanding.
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Quality Assurance / Quality Control
Rock and Drill 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. Go ld was
analyzed using 50- gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were
analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four -acid digestion with an ICP
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 certified reference samples and blank samples were systematically inserted into the samp le stream and analyzed
as part of the Company’s robust quality assurance / quality control protocol.
Soil 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 mult i-
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 Compa ny’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”,
“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, 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 achievements expressed or impl ied 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 r equired 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
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
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Email: [email protected]
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