Tocvan Drills 39.7 meters of 0.96 g/t Au including 12.2 meters of 3 g/t Au in Main Zone Step-Out Also Hits at Triple Vein Zone 400 meters to the East, Opens Up New Target Area
PRESS RELEASE
Tocvan Drills 39.7 meters of 0.96 g/t Au including 12.2 meters of 3 g/t Au
in Main Zone Step-Out
Also Hits at Triple Vein Zone 400 meters to the East, Opens Up New Target Area
Calgary, Alberta – July 29, 2021. Tocvan Ventures Corp. (CSE: “TOC”) (“Tocvan ” or the “ Corporation”) is pleased to
announce final drill results from its Phase II drill program (the “Program”) at the Pilar Gold-Silver Project in Sonora, Mexico.
A Phase II drill program was completed in June with over 3,500 meters of reverse circulation (RC) drilling in twenty (20)
drill holes. Final results are included in this release, highlighted by drill hole JES-21-50 which returned 39.7 meters at 0.96
g/t Au in a 50 meter step-out to the Main Zone on trend with drill hole JES-21-47 which intersected 47.3 meters at 0.75
g/t Au. In addition, the first reconnaissance drill hole at the Triple Vein Zone (TVZ) was completed 400 meters to the east
(JES-21-56) and was successful in intersecting mineralization at depth, returning 1.5 meters at 0.6 g/t Au and 139 g/t Ag.
Tocvan is now preparing plans for the next steps at Pilar which will include continued expansion drilling, exploration drilling
at 4-Trench and TVZ and trenching followed by preliminary bulk sampling through key sections of the Main Zone.
Drill Result Highlights
JES-21-50 (Figure 1)
• 39.7 meters at 0.96 g/t Au and 2 g/t Ag from 39.7 to 79.3 meters
o Including 12.2 meters at 3.0 g/t Au and 6 g/t Ag from 39.7 to 51.9 meters
o Including 1.5 meters at 14.6 g/t Au and 11 g/t Ag from 48.8 to 50.3 meters
JES-21-56
• 1.5 meters at 0.57 g/t Au and 139 g/t Ag from 216.6 to 218.1 meters
“During our Phase I and II drill programs we have been extremely successful in steadily increasing the known size of our
Main Zone.”, commented VP Exploration, Brodie Sutherland. “ JES-21-50 clearly shows the trend remains open to the
southeast and we are excited to drill test this further later in the y ear. Beyond that we are seeing great indications that
the Triple Vein Zone is developing into a new area for drill targeting. Surfac e sampling, mapping and geophysics are all
aligned and with JES-21-56 intersecting mineralization at depth we are excited to see how this new trend can develop. ”
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Results Discussion
JES-21-50 – The hole was planned to test the continuation of the Main Zone to the southeast, as a 50m step -out to JES-
21-47 which intersected 47.7m of 0.75 g/t Au. Drilling in JES-21-50 intersected a broad zone of mineralization in altered
andesites over 39.7 meters of 0.96 g/t Au , including a vein zone grading 1.5 meters of 14.6 g/t Au and 11 g/t Ag (see
Table 1). The Main Zone continues to extend to the southeast and remains open as an expansion target for the next phase
of drilling.
JES-21-56 – The hole was planned to test the eastern most extent of the Triple Vein Zone where surface sampling
recovered 4.5 g/t Au and 735 g/t Ag from a rock chip along an artisanal working . Drilling intersected a silver rich zone
grading 0.57 g/t Au and 139 g/t Ag , 216.6 meters downhole. Hitting mineralization at depth now opens this target area
up for further exploration drilling along the 400 meter trend.
Figure 1. Planview Map of Phase II Drill Program Update.
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Table 1. Summary of Today’s Drill Results
*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.
Hole ID From (m) To (m) Width* (m) Au (g/t) Ag (g/t) AuEq (g/t)
JES-21-50 39.65 79.3 39.65 0.96 2 0.99
including 39.65 51.85 12.20 3.04 6 3.10
including 48.8 50.33 1.53 14.55 11 14.67
JES-21-51
JES-21-56 216.55 218.07 1.52 0.57 139 2.04
No significant mineralization
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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 preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS
laboratory in North Vancouver. The ALS Hermosillo and North Vancouver faci lities 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 2 8 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 Columb ia, 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 950
736 – 6th Avenue SW
Calgary, Alberta T2P 3TJ
Telephone: (403) 668 7855 EXT 101
Email: [email protected]
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