Tocvan Recon Sampling Returns New Surface Discovery at Pilar Gold - Silver Expansion
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PRESS RELEASE
Tocvan Recon Sampling Returns New Surface Discovery at Pilar Gold - Silver Expansion
Samples Include 5.6 g/t Au and 106 g/t Ag, 4.5-kilometers from Pilar
Highlights
• Sign up for Webinar, October 19th here: TOC Webinar
• Rock Grab Sampling in Expansion Area Yields:
o NEW Surface Discovery, 4.5-km from Pilar - 5.6 g/t Au and 106 g/t Ag
• Samples Immediately North of Pilar Yield:
o 3.5 g/t Au and 645 g/t Ag
o 1.8 g/t Au and 177 g/t Ag
o Historic sampling from dataset, >10 g/t Au
• NEW Targets Will Be Quickly Advanced for Drilling
Calgary, Alberta – October 19, 202 3 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3),
is pleased to announce first pass reconnaissance results from its Pilar Gold-Silver Expansion Area in Sonora, Mexico. The
area includes highly prospective zones that have seen limited exploration to date, recent placer mining in conjunction with
historic mine workings , suggests untested gold and silver potential (see Figure 1 ). Tocvan geologists have already
completed initial field reconnaissance to evaluate new target areas, the results have returned high-grade gold and silver
values associated with intense hydrothermal altered volcanic rocks on the newly acquired expansion area, highlighting new
prospects for further evaluation. Only twenty-three samples were collected during the first pass reconnaissance, already
discovering new target areas, including 5.6 g/t Au and 106 g/t Ag in a sample taken 4.5-kilometers from the Pilar Main
Zone. The rock grab sample was the first taken from a large hydrothermal alteration zone hosted in andesitic rocks similar
to those seen at Pilar. The extent of alteration in the area of the sample spans for over 3.3-kilometers of strike and over a
1.5-kilometer width as defined by satellite ASTER data (Figure 2).
Figure 1. Summary of Pilar Expansion Area Sampling. Large hydrothermal alteration cells, recent placer mining and similar geology to
Pilar all indicate the area is highly prospective for Au-Ag and Cu mineralization. The area has never seen systematic Au- Ag exploration.
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“Initial due diligence was completed to get a sense for the area, to quicky see those results yield high values for gold and
silver showcases the true potential beyond Pilar.” stated Brodie Sutherland, CEO. “Not only are we seeing an extension
of the Pilar mineralized system immediately to the north of the previous boundary, we are seeing significant gold values
well beyond with excellent indications in the geochemistry that there is more to be discovered. The source of the placer
gold remains untested and open for evaluation. These areas will become focal points for new targeting to rapidly
advance drilling in the expansion area. The value of the acquisition a t a strategi c development standpoint was
instrumental, now to be able to showcase the prospectivity of this area is an added be nefit to our shareholders as we
look to discover the true extent of Pilar and new satellite deposits.”
Figure 2. Highlights of Pilar Expansion A rea Sampling with satellite ASTER interpretation data denoting alteration mineralogy. Base
image from Google Earth.
Figure 3. High-grade sample 494827 returned 5.6 g/t Au and 106 g/t Ag hosted in a strongly silicified and fractured andesite with
boxwork pyrite.
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Table 1. Summary of rock samples collected across the Pilar Property during reconnaissance sampling.
Sample ID Weight (kg) Au (g/t) Ag (g/t) As (ppm) Cu (ppm) Mo (ppm) Pb (ppm) Zn (ppm)
494806 2.44 0.05 1.0 200 4 1 37 11
494807 1.52 0.02 0.3 57 55 4 18 89
494809 1.87 0.06 2.8 30 69 19 28 11
494810 2.72 0.23 4.9 22 54 3 49 13
494811 1.85 0.05 2.6 66 207 2 72 30
494813 3.84 0.00 0.3 <5 20 509 5 14
494820 2.80 0.00 0.8 171 67 1 18 88
494821 2.47 0.01 4.9 13 27 10 98 12
494822 2.91 0.01 3.6 100 300 16 102 386
494823 3.41 0.00 3.4 31 286 8 703 324
494825 4.15 0.01 1.4 97 244 5 256 1335
494827 3.64 5.60 106.0 45 513 <1 2950 1125
7619 5.08 0.16 53.8 4010 131 2 122 650
7620 4.15 3.54 645.0 >10,000 338 4 5330 829
493637 6.33 1.84 177.0 66 2480 19 198 321
About the Pilar Property
The Pilar Gold-Silver property has recently returned some of the regions best drill results. Coupled with encouraging gold
and silver recovery results from metallurgical test work, Pilar is primed to be a potential near- term producer. Pilar is
interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Three primary 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 -T. The Main Zone and 4 -T trends are open to the southeast and new
parallel zones have been recently discovered. Structural features and zones of mineralization within the structures follow
an overall NW -SE trend of mineralization. Mineralization extends along a 1.2 -km trend, only half of that trend has been
drill tested so far. To date, over 23,000 m of drilling has been completed.
• 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
• 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 16.5m @ 53.5 g/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
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About Tocvan Ventures Corp.
Tocvan is a well- structured exploration development company. Tocvan was created in order to take advantage of the
prolonged downturn in the junior mining exploration sector, by identifying and negotiating interest in opportunities where
management feels they can build upon previous success. Tocvan has approximately 39.9 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.
Quality Assurance / Quality Control
Rock chip grab 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 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.
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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]