Tocvan Receives Additional Permit for Trenching and Drilling at Pilar
PRESS RELEASE
Tocvan Receives Additional Permit for Trenching and Drilling at Pilar
Submits Application for Listing of Common Shares on the OTCQB Venture Market
Calgary, Alberta – May 20, 2021. Tocvan Ventures Corp. (CSE: “TOC”) (“ Tocvan” or the “ Corporation”) is pleased to
announce permits have been received for an additional 44 drill pads and seven (7) trenches at its flagship Pilar Gold-Silver
Project in Sonora, Mexico . Permitting was initiated as a proactive measure to ensure the timely and consistent
advancement of Pilar. The additional drill pads will be utilized both during the current drill program and during a Phase III
program planned for the fall of 2021. The trenches are permitted to be five-meters by two-meters by twenty-meters (5m
x 20 m x 2 m) in size and will be utilized later in the year to channel sample across key mineralized sections on the property
and to submit bulk sample material for column leach metallurgical analysis. The seven trenches will provide up to 3,500
tonnes of material for metallurgical test work and bulk sampling, ultimately leading towards a larger bulk sample.
Drill Program Update
To date, f ifteen (15) drill holes have been completed for a total of 2,370 meters (Figure 1). Samples for t he first seven
holes have been submitted to ALS Labs in Hermosillo . Early drilling focused on the extension of the Main Zone, testing
down-dip extensions of mineralization in addition to steppi ng out along strike. Drill targeting has now shifted towards
testing new areas along the 4-Trench Extension and Triple Vein Zone areas.
“As our current drill program advances we are e xtremely pleased with our field crews ’ efforts”, commented VP
Exploration, Brodie Sutherland. “In addition, we are excited to have received new drill and trench permits for Pilar to allow
for the continued exp loration and advance ment of the project. The next phase of drilling and trenching will be an
important next step for the company and will provide key information as we move towards development.”
Corporate Update
Tocvan is please d to announc e it has applied for the listing of its common shares on the OTCQB® Venture Market
("OTCQB"), a U.S. trading platform operated by the OTC Markets Group in New York, in addition to applying for eligibility
with the Depository Trust Company ("DTC").
Tocvan believes that DTC eligibility and trading on the OTCQB will provide additional liquidity and increase its visibility
within the U.S. capital markets. The listing of the Company's common shares on the OTCQB remains subject to the
approval of the OTCQB and the satisfaction of applicable listing requirements. Tocvan will continue to trade on the CSX
Canadian Securities Exchange under its symbol "TOC".
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Figure 1. Planview Map of Phase II Drill Program Update.
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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 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 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 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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