Tocvan Discovers Another Near Surface High-Grade Corridor at Gran Pilar Gold – Silver Project Drills 6.1 meters of 5.4 g/t Gold and 39 g/t Silver within 41.2 meters of 1.0 g/t Gold and 10 g/t Silver
Tocvan Discovers Another Near Surface High-Grade Corridor at Gran Pilar Gold – Silver Project
Drills 6.1 meters of 5.4 g/t Gold and 39 g/t Silver within 41.2 meters of 1.0 g/t Gold and 10 g/t Silver
Highlights:
• RC Drilling Continues on 100% Controlled South Block Expansion Zone
Expanding Known Mineralization to the North
Drillhole JES-25-114 Returns 41.2 meters of 1.0 g/t Au and 10 g/t Ag
• Including 6.1 meters of 5.4 g/t Au and 39 g/t Ag
• Anomalous mineralization recorded over 129.6 meters averaging 0.3 g/t Au and 4 g/t Ag
• Coincides with Geophysical Anomaly (Resistivity) that extends 250 meters vertically
• Results Pending for Seven RC Holes
Including follow-up on 3.1m of 19.4 g/t Au, within 106.6m of 0.6 g/t Au (JES-24-101)
Calgary, Alberta – May 7, 2025 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64),
is pleased to announce initial reverse circulation (RC) drill results from the latest drill program at the Gran Pilar Gold-Silver
Project in mine-friendly Sonora, Mexico. Drilling is now focused on the 100% controlled expansion area where recent scout
drilling returned significant mineralization (see February 25, 2025 News Release) . Today’s results include a follow -up on
scout drillhole JES- 24-102, which previously returned 16.8 m of 0.4 g/t Au and 6 g/t Ag. Results are highlighted by 6.1
meters of 5.4 g/t Au and 39 g/t Ag within 41.2 meters of 1.0 g/t Au and 10 g/t Ag from a downhole depth of 33.6 meters,
or approximately 20 meters vertically from surface (JES -25-114). This hole represents the furthest northeast high -grade
occurrence intersected to date, and follow-up drilling is underway to determine if this mineralization connects to the 4 -T
corridor, which is well-defined 380 meters to the southeast. The discovery coincides with a resistivity anomaly that extends
250 meters vertically as defined by a Controlled Source Audio-Frequency Magnetotellurics (CSAMT) survey, seen in Figure
2. JES-25-114 also lies 170 meters east of JES- 24-101 (3.1 meters of 19.4 g/t Au within 106.6 meters of 0.6 g/t Au ), and
the close association of high -grade gold with an intrusive unit in both holes suggests they may be part of the same
mineralized trend. Follow -up drilling on JES -24-101 has been completed, and mapping of the surrounding area has
identified underground workings further north . RC drilling in this area has intersected multiple vein zones that appear
similar to the mineralized intervals discovered in JES-24-101, with results for these holes currently pending.
Results are pending for seven RC drill holes, including follow -up drilling on JES -24-101, which intersected 3.1 meters of
19.4 g/t Au within 106.6 meters of 0.6 g/t Au.
“We are thrilled with these initial results from our latest drilling program at Gran Pilar, which continue to demonstrate the significant
near-surface, high-grade potential of the project,” commented Brodie Sutherland, CEO of Tocvan Ventures Corp. “The discovery of
another high-grade corridor in the expansion area, coupled with its association with a geophysical anomaly that extends 250 meters
vertically, underscores the scale and continuity of mineralization at Gran Pilar. With results pending for seven more holes, including
follow-up on the exceptional grades intersected in JES -24-101, we are eager to further define this emerging zone and unlock its full
potential. These results, combined with the robust economics of our planned pilot facility, position Gr an Pilar as a standout gold-
silver project in Sonora, especially in the context of record-high gold prices.”
CSE: TOC | OTCQB: TCVNF | FSE: TV3
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Figure 1. Planview target map of the South Block area where drilling is currently active . Undrilled target areas extend a
kilometer north and 1.5 kilometers to the east. Recent drill results are highlighted. Red circles are soil samples with
anomalous gold. Red diamonds are rock samples with anomalous gold.
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)
JES-25-113 56.43 59.48 3.05 0.22 12.5
and 120.48 122.00 1.53 0.13 0.6
JES-25-114 4.58 134.20 129.63 0.34 4.0
including 33.55 74.73 41.18 1.02 9.6
including 41.18 47.28 6.10 5.43 39.4
including 44.23 45.75 1.53 15.85 140.5
and 57.95 65.58 7.63 0.84 14.2
also 128.10 134.20 6.10 0.17 2.3
JES-25-115 15.25 16.78 1.53 0.13 0.9
Discussion of Results
JES-25-113: This drillhole intersected two mineralized zones, with the first interval returning 3.05 meters of 0.22 g/t Au and
12.5 g/t Ag from 56.43 meters, and a second interval of 1.53 meters of 0.13 g/t Au and 0.6 g/t Ag from 120.48 meters.
These results indicate the presence of low- grade mineralization at depth, potentially extending the mineralized footprint
in this area. Pathfinder geochemistry also suggests proximity to mineralization with zones (0.0 to 19.8m and 47.3 to
137.3m) of elevated arsenic up to 3,500 ppm.
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JES-25-114: This drillhole returned significant mineralization, with a broad interval of 129.63 meters grading 0.34 g/t Au
and 4.0 g/t Ag starting at 4.58 meters downhole. Within this, a higher-grade zone of 41.18 meters at 1.02 g/t Au and 9.6
g/t Ag was intersected, including 6.10 meters of 5.43 g/t Au and 39.4 g/t Ag, and a peak interval of 1.53 meters at 15.85
g/t Au and 140.5 g/t Ag. Additional mineralized zones include 7.63 meters of 0.84 g/t Au and 14.2 g/t Ag, and 6.10 meters
of 0.17 g/t Au and 2.3 g/t Ag. The high-grade section correlates with a sharp drop in resistivity, suggesting fault and contact-
related mineralization, as seen in the CSAMT inversion model (Figure 2).
JES-25-115: This drillhole intersected a narrow interval of 1.53 meters grading 0.13 g/t Au and 0.9 g/t Ag from 15.25 meters,
indicating minor mineralization closer to the surface. Pathfinder geochemistry also suggests proximity to mineralization
with arsenic elevated from surface down to 125.1 meters depth.
Figure 2. Cross-section looking northwest showing drillhole JES-25-114 plotted with a CSAMT inversion model of Resistivity. The high-grade section of
the drill hole correlates with a sharp drop in resistivity which is thought to be fault- and contact- related. The depth extension of the target area
remains untested, the target also remains open along strike several hundred meters to the northwest and southeast.
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Figure 3. 3D Long Section of the Main Zone and the new Expansion Target to the north (left side of image). Results are
pending for seven RC drillholes.
Table 2 Summary of drill collar locations and orientations. Coordinates are in UTM NAD 27, Zone 12N
Collar Easting Northing Elevation (m) Azimuth Dip Depth (m)
JES-25-113 617610 3144933 398 45 -45 137.25
JES-25-114 617610 3144933 398 230 -45 164.70
JES-25-115 617827 3144824 407 345 -45 150.98
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Figure 4. 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.
Gran 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
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• 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).
Market-Making Services
The Company is pleased to announce that it has retained Integral Wealth Securities Limited (“Integral”) to provide Market -Making
services in accordance with the Canadian Securities Exchange (“CSE”) policies. Integral will trade securities of the Company on the CSE
for the purposes of maintaining an orderly market of the Company’s securit ies.
The agreement between the Company and Integral (the “Agreement”) executed on May 5 , 2025 is for an initial term of three months.
The Agreement outlines that Integral will receive compensation of CAD $6,000 per month, with the first monthly payment paid on the
signing of the Agreement by the Company, and thereafter, the fee will be payable on the first day of each month. After the third month,
the Company may terminate the Agreement on 30 days written notice. There are no performance factors in the agreement and Integral
will not receive shares or options as compensation.
The Company and Integral are unrelated and unaffiliated entities. Integral is a member of the Canadian Investment Regulatory
Organization (“CIRO”) and can access all Canadian Stock Exchange and Alternative Trading Systems. The capital and securities required
for any trade undertaken by Integral as principal will be provided by Integral.
Integral Wealth Securities Limited is an independent CIRO -licensed investment dealer engaged in market making, investment banking
and wealth management. Headquartered in Toronto, the firm operates from nine offices across Canada. The firm’s FINRA -licensed US
broker dealer affiliate, Integral Wealth Securities LLC, is based in Malvern, PA and provides investment banking as well as private
placement services.
Integral and its clients may acquire an interest in the securities of the Company in the future. Integral is an arm's length party to the
Company. Integral will be responsible for the costs it incurs in buying and selling the Company's common shares, and no third party will
be providing funds or securities for the market making activities.
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Marketing Engagement
Tocvan is also pleased to announce that the Company has signed a service agreement, dated May 6th, 2025, with TMM Capital Advisory,
to develop and execute on investor relations, marketing and communications strategies, including managing shareholder
communications, organizing investor presentations and meetings, handling media relations, preparing press releases, and website and
social media management. TMM Capital Advisory shall receive CAD $5,000 per month over the duration of the agreement (minimum
12 months).
About TMM Capital Advisory (https://www.tmmcapitaladvisoryinc.com/)
At TMM, we work directly with business leaders and innovators and specialize in providing strategic guidance to help our clie nts
navigate the complexities of the capital market and help drive organizational value. We pride ourselves on our commitment to providing
tailored solutions that meet the unique needs of each of our clients. TMM can be contacted direct via the email
[email protected] or by phone at +1 (888) 772-2452
About Tocvan Ventures Corp.
Tocvan’s advancing gold -silver projects are located in the mine -friendly jurisdiction of Sonora, Mexico. Through ongoing exploration
programs, the 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 Resou rces.
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 59 million shares outstanding.
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 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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“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, 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
1150, 707 – 7 Ave SW
Calgary, Alberta T2P 3H6
Telephone: 1-888-772-2452
Email: [email protected]
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