Tocvan Outlines San Ramon Prospect at El Picacho as High Priority Drill Target. Highlights 90-meter Underground Drive with Average Rock Chip Samples of 5 g/t Au, Values up to 22 g/t Au
PRESS RELEASE
Tocvan Outlines San Ramon Prospect at El Picacho as High Priority Drill Target. Highlights 90-meter
Underground Drive with Average Rock Chip Samples of 5 g/t Au, Values up to 22 g/t Au
Calgary, Alberta – September 13, 2022 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is
pleased to announce the completion of data compilation and surface evaluation of the San Ramon Prospect within the El
Picacho Gold -Silver Project in Sonora, Mexico. Historic underground sampling competed by Timmins Gold in 20 08,
returned 23 one to two-meter rock chip samples ranging from 0.3 g/t Au to 22 g/ t Au with Ag values up to 26 g/t (see
Figure 1) . Later sampling in 2016 by Millrock confirmed the high -grade res ults with five rock chip samples returning
between 2.0 g/t Au to 1 8 g/t Au . The underground drive is thought to be completed between the 1950 ’s and 1970’s . A
second underground working l ocated 250-meters to the north returned nine rock chip samples ranging between 0.5 g/t
Au and 8 .2 g/t Au with Ag values up to 32 g/t (see Tables 1 & 2 for results). At San Ramon, h igh-grade gold val ues are
recorded at surface over a 500-meter trend along a regional thrust fault contact. The Priority drill target area includes this
trend plus the down -dip extension along the fault at depth to the west over 500-meters. The regional thrust fault is
thought to be a major conduit for mineralization and both the older Precambrian gneiss and the younger Jurassic
sediments below the fault show indications of strong alteration and high-grade mineralization.
Figure 1. Plan view of the San Ramon Prospect, highlighting high-grade mineralization
“The data clearly shows that San Ramon is a high-priority target showcasing miner alization from surface to a minimum
depth of 60-meters, over a 500-meter trend and open in all directions .”, commented CEO, Brodie Sutherland . “Past work
has de-risked this target as we know mineralization extends to depth from historic drill logs . The high- grade gold and
silver seen at surface and recorded from the underground workings confirms a robust system is present. Follow-up grid
drilling of the area will be a priority for El Picacho’s development.”
Figure 2. Plan view and X-Section of the San Ramon Underground Drive. High-grade mineralization is open at depth
and along strike.
Discussion
The San Ramon Prospect has significant historic workings that include two under ground workings thought to be
completed between the 1950’s and 1970’s. Sampling of the underground by past operators has returned consistent high-
grade gold and silver mineralization within silicified quartz-carbonate veins hosted within shear zones parallel to a large
regional fault that dips shallowly to the west . Mineralization does not appear to be isolated to the P recambrian gneiss
host rocks in the hangingwall of the fault but also present in the you nger Jurassic sediments (sandstones to dolostones)
in the footwall. This is most evident 1.4 kilometers to the south at the Mur cielago Prospect where mineralization is
hosted within a brecciated dolostone.
The target area currently c onsists of a 500-m eter by 500-meter area focused around historic workings trending south
along the contact of a regional fault . Reconnaissance drilling completed by Timmins Gold in 2012 and 2013 identified
multiple miner alized horizons (low -angle shear zones) hosting go ld and silver minerali zation down to a depth of 60-
meters. These shear zones align with high-grade mineralization outcropping at sur face and sampled in the underground
workings. Although follow -up grid drilling was planned, due to budgetary constraints by Timmins Gold and priorities
towards near-mine exploration, no follow-up work was completed at the San Ramon Prospect. The Company believes the
past drilling has proven the model for a continuation of mineralization at depth and that follow -up drilling is needed to
intersect the higher-grades recorded in the underground workings. The San Francisco deposit is hosted within the same
rock type seen at San Ramon and is related to similar regional fault s. With the rain season coming to an end in Sonora,
planning is underway to initiate drilling at San Ramon as soon as possible.
Prospect Highlights
Two Underground Historic Workings
1. 90-meter underground drive, chip samples returned from 0.3 to 22 g/t Au over length of drive. Averaging 5.0
g/t Au and 8 g/t Ag.
o See Figure 2 and Table 1
2. Historic shaft and adit, chip samples returned from 0.5 to 8 g/t Au over 20-meter by 30-meter area. Averaging
3.6 g/t Au and 10 g/t Ag. See Figure 1 and Table 2
Coordinate System: WGS84, Zone 12. Historic samples were taken over 1 to 2-meter chips.
Sample ID Easting N orthing Au (g/t) Ag (g/t)
13265 471990 3349029 21. 9 22
122306 472020 3349035 17. 7 12
15023 472024 3349039 16. 2 26
13253 472030 3349039 13. 2 21
13259 471996 3349033 12. 3 15
13257 472006 3349039 8. 0 12
13258 472004 3349034 7. 3 12
122301 472041 3349042 5. 7 9
122305 472030 3349042 5. 2 7
13266 471991 3349024 4. 6 10
13254 472023 3349039 4. 1 7
13252 472037 3349042 3. 8 3
13261 471999 3349026 3. 8 5
13270 471995 3349011 3. 0 4
13264 471995 3349031 2. 7 10
121820 472047 3349042 2. 6 3
122304 472045 3349044 2. 0 5
13268 471994 3349013 1. 0 8
13269 471996 3349008 0. 8 3
13272 471998 3349002 0. 7 3
13263 472000 3349029 0. 7 5
13271 471996 3349001 0. 5 5
13267 471990 3349018 0. 5 10
13255 472020 3349035 0. 5 3
13273 471997 3348998 0. 4 3
13260 471999 3349032 0. 3 4
13256 472014 3349035 0. 3 5
13262 471995 3349027 0. 3 6
15027 472040 3349041 0. 0 1
122302 472040 3349042 0. 0 1
121821 472042 3349042 0. 0 0
13244 472047 3349041 0. 0 2
122303 472043 3349043 0. 0 1
Table 1. Summary of Rock Chip Samples from 90-
meter underground drive at San Ramon Prospect
Table 2. Summary of Rock Chip Samples from
Underground Working at San Ramon Prospect
Sample ID Easting N orthing Au (g/t) Ag (g/t)
15026 471932 3349227 8.2 10
122312 471924 3349219 5.3 32
122313 471936 3349232 3.9 5
122314 471937 3349217 3.8 6
122311 471940 3349232 3.5 10
13251 471922 3349223 3.1 4
13249 471932 3349227 2.2 5
13248 471926 3349233 2.0 11
13250 471927 3349220 0.5 4
Phlps0254 471949 3349233 0.1 0
Phlps0255 471946 3349233 0.0 0
13247 471947 3349238 0.0 0
Three Historic Reconnaissance Drill Holes (Timmins Gold, 2012) were completed. All three Intersected Mineralization.
No follow-up work was completed due to a stop in regional exploration by Timmins Gold at the time.
RCP-09
• 59.3m of 0.2 g/t Au, from surface
o Incl., 12.2m of 0.6 g/t Au, from 21.3m
o Incl. 7.6m of 0.9 g/t Au
o Incl., 4.6m of 1.4 g/t Au
• And, 3.0m of 0.7 g/t Au, from 56.2m
PD-01
• 39.0m of 0.2 g/t Au, from 15.0m
o Incl., 7.5m of 0.7 g/t Au
o Incl., 4.5m of 1.2 g/t Au
PD-02
• 15.0m of 0.1 g/t Au, from 22.5m
o Incl., 3.0m of 0.6 g/t Au
o Incl., 1.5m of 1.1 g/t Au
Figure 3. X-Section of the San Ramon Prospect and Drill hole RCP-09. The drill hole was lost at 88.4-meters, failing to
test the lower sediment host target horizon.
Figure 4. Schematic X-Section of the El Picacho Exploration Model showing potential across several untested trends.
The San Ramon target outcrops at surface and been intersected at a vertical depth of 60-meters. The San Francisco pit
outline is used for reference only. Drill traces shown are conceptual based on the exploration model.
Figure 5. Overview map of the El Picacho Gold-Silver Project
About the Picacho Property
The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold
Belt known for producing gold mines that include La Herradura (>10 Moz Au) and San Francisco (>3 Moz Au). The project
is 140 kilometers north of Hermosillo and only 18 kilometers southwest of the producing San Francisco Mine. The Project
totals 24 square kilometers. Five primary zones of mineralization have been identified across the property totalling over
six kilometers of prospective trends. Surface sampling and historic workings have identified high-grade gold and silver
values. The project has only seen widely spaced reconnaissance drilling with no follow-up. Tocvan believes this provides
an excellent opportunity for discovery of a muti-million ounce district.
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 bu ild upon previous success. Tocvan has approximately 3 6 million shares outstanding and is
earning 100% into two exciting opportunities in Sonora, Mexico : the Pilar Gold -Silver project and the El Picacho Gold-
Silver project. Management feels both projects represent tremendous opportunity to create shareholder value.
Brodie A. Sutherland, P.Geo., 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
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”,
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“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 e xpressed or implied 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 required 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
Email: [email protected]