Tocvan Drills 29 meters of 0.71 g/t Au and 24.4 meters of 0.56 g/t Au in Hole JES-21-38 from Surface in Expansion Drilling at Pilar Releases Phase II Results for the First Three Drill Holes
PRESS RELEASE
Tocvan Drills 29 meters of 0.71 g/t Au and 24.4 meters of 0.56 g/t Au in Hole JES-21-38 from
Surface in Expansion Drilling at Pilar
Releases Phase II Results for the First Three Drill Holes
Calgary, Alberta – May 27, 2021 . Tocvan Ventures Corp. (CSE: “TOC”) (“ Tocvan” or the “ Corporation”) is pleased to
announce results for the first three holes from its Phase II drill program (the “Program”) at the Pilar Gold-Silver Project in
Sonora, Mexico. A Phase II drill program is currently in progress with 2, 900 meters of reverse circulation (RC) drilling in
seventeen (17) drill holes completed to date. Results for the first three drill holes are included in this release . Fourteen
(14) drill holes are pending assay results.
Drill Result Highlights
JES-21-38 (Figure 1)
• 29.0 meters at 0.71 g/t Au from surface to 29.0 meters
o Including 3.1 meters at 2.6 g/t Au from surface to 3.1 meters
o Also, Including 6.1 meters at 1.9 g/t Au from 22.9 to 29.0 meters
• And, 24.4 meters at 0.56 g/t Au from 67.1 to 91.5 meters
o Including 9.2 meters at 1.3 g/t Au and 14 g/t Ag from 79.3 to 88.5 meters
JES-21-37
• 6.1 meters at 0.48 g/t Au and 4 g/t Ag (0.52 g/t AuEq) from 59.5 to 65.6 meters
• And, 4.6 meters at 0.50 g/t Au and 11 g/t Ag (0.62 g/t AuEq) from 71.7 to 76.3 meters
o Including 1.5 meters at 1.13 g/t Au and 24 g/t Ag (1.4 g/t AuEq) from 71.7 to 73.2 meters
“We are extremely pleased with these early stage results”, commented VP Exploration, Brodie Sutherland. “As we advance
north of the Main Zone we are finding significant mineralization . We are especially excited to see the continuation of
mineralization 30m on strike with our previous drill hole JES-20-36, which intersected 24.2m at 2.5 g/t Au and 73 g/t Ag.
Pending assay results for the remaining drill holes will largely focus on our new target areas as we continue to unlock the
potential of Pilar.”
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Results Discussion
JES-21-37 – The hole was planned to test a CSAMT resistivity anomaly that correlated with surface quartz veins. A 6.1m
zone was intersected with 0.52 g/t AuEq (see Table 1). Followed by a second zone of 4.6m at 0.62 g/t AuEq. Consistent
with surface observations and other drill holes in the area, c opper values were eleva ted in t his hole with one interval
returning 1.5m at 1.1 g/t Au, 24 g/t Ag and 1.2% Cu.
JES-21-38 – The hole was planned to test the continuation of mineralization intersected in drill hole JES-20-36 and to test
25m up dip and further east of historic drill hole R-8, which intersected 40.4m at 1.4 g/t Au, including 3m at 10.9 g/t Au
and 117 g/t Ag. Two zones of significant mineralization were intersected, 29m at 0.71 g/t Au and 24.4m at 0.56 g/t Au.
Higher silver values were intersected in the deeper interval with a 3m zone grading 1.5 g/t Au and 34 g/t Ag.
JES21-39 – The hole was planned to test quartz veining and alteration recorded at surface to the west of the Main Zone
which directly correlated with an IP anomaly. The hole was also planned to confirm the location of the regional fault
bounded biotite granodiorite that lies to the west of the Main Zone. Anomalous gold values (0.18 to 0.47 g/t Au) were
intersected in the andesite and granodiorite host rocks.
Figure 1. Cross-Section of Drill Hole JES-21-28
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Figure 2. Planview Map of Phase II Drill Program Update.
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Table 1. Summary of Drill Results
Hole ID From (m) To (m) Width* (m) Au (g/t) Ag (g/t) AuEq (g/t)
JES-21-37 59.48 65.58 6.10 0.48 4 0.52
and 71.67 76.25 4.58 0.50 11 0.62
including 71.67 73.20 1.53 1.13 24 1.39
JES-21-38 0.00 28.98 28.98 0.71 2 0.73
including 0.00 3.05 3.05 2.59 2 2.62
also 22.88 28.98 6.10 1.87 0 1.87
and 67.10 91.50 24.40 0.56 6 0.62
including 79.30 88.45 9.15 1.27 14 1.41
including 83.88 86.92 3.04 1.51 34 1.87
JES-21-39 39.65 41.17 1.52 0.47 1 0.48
*Insufficient drilling has been undertaken to determine true widths. All widths reported are core length. Gold equivalent
(“AuEq”) is calculated using metal prices of $1,700/oz gold and $18/oz silver.
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About the Pilar Property
The Pilar Gold -Silver property is interpreted as a structurally controlled low -sulphidation epithermal project hosted in
andesite rocks. 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 -Trench. Structural features and zones of
mineralization within the structures follow an overall NW-SE trend of mineralization. Over 19,200 m of drilling have been
completed to date. Significant results are highlighted below:
• 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 @ 6.0g/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
• 17,700m of Historic Core & RC drilling. Highlights include:
o 61.0m @ 0.8 g/t Au
o 16.5m @ 53.5g/t Au and 53 g/t Ag
o 13.0m @ 9.6 g/t Au
o 9.0m @ 10.2 g/t Au and 46 g/t Ag
Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the
Main Zone and 4-Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE
Vein Zone and 4 Trench Extension.
Brodie A. Sutherland, P.Geo., VP Exploration 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.
Quality Assurance / Quality Control
RC chips were shipped for sample preparatio n 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 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 sample stream and analyzed as part of the Company’s robust quality assurance / quality
control protocol.
About Tocvan Ventures Corp.
Tocvan is a well- structured exploration development company. Tocvan was created in order to take advantage of the
prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where
management feels they can build upon previous success. Tocvan currently has approximately 28 million shares
outstanding and is earning into two exciting opportunities. The Pilar Gold-Silver project in Sonora, Mexico and the Rogers
Creek Copper project in southern British Columbia, management feels both projects represent tremendous opportunity
to create shareholder value.
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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) 668 7855 EXT 101
Email: [email protected]
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