Tocvan Releases Next Batch of Drill Results; Infill Drilling Intersects Multiple Mineralized Zones; Exploration Drilling Hits Broad Anomalous Mineralization, Expanding Strike Potential
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PRESS RELEASE
Tocvan Releases Next Batch of Drill Results
Infill Drilling Intersects Multiple Mineralized Zones
Exploration Drilling Hits Broad Anomalous Mineralization, Expanding Strike Potential
Highlights:
• Infill Drilling on Main Zone Trend Hits Several Zones Expanding Resource Potential
• JES-24-73, 16.8 meters of 0.8 g/t Au and 19 g/t Ag
Including Polymetallic Zone of 4.6 meters of 2.2 g/t Au, 49 g/t Ag, 0.46% Cu and 1.48% Zn
Also, 3.1 meters of 0.9 g/t Au, 10 g/t Ag and 3.2% Zn
Also, 10.7 meters of 0.8 g/t Au and 2 g/t Ag
And, 3.0 meters of 3.8 g/t Au and 4.7 g/t Ag
Within 152.5-meter anomalous zone from surface averaging 0.3 g/t Au and 3 g/t Ag
• JES-24-84, 10.7 meters of 0.6 g/t Au and 3 g/t Ag
Including 1.5 meters of 3.3 g/t Au, 14 g/t Ag and 0.67% Cu
Within 97.6-meter anomalous zone from 48.8-meter depth of 0.1 g/t Au and 1 g/t Ag
• Large Step-out Exploration Drilling Hits Best Results to Date in Southeast Targets, Expands 4-T Trend 400m SE
• JES-24-87, Including 0.6 g/t Au and 7 g/t Ag and 0.6 g/t Au and 15 g/t Ag both over 1.5 meters
Within 53.4 meters of 0.1 g/t Au and 2 g/t Ag
• Six Holes Released, All Six Intersect Mineralization
• Additional Results Pending. Over 2,700 meters Drilled to Date in 23 Holes
• Major Regional Producer Initiates 30-day Field Program to Assess Expansion Area Potential (TOC 100% Interest)
Calgary, Alberta – June 6, 2024 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased
to announce drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project
in mine-friendly Sonora, Mexico.
Results today highlight four infill holes along the Main Zone Trend, three of which are located on the northwest extent of
the trend. Two exploration holes along the far southeast extent of the 4 -T trend are also included in today’s results. Infill
holes are highlighted by drillhole JES-24-73 which returned four distinct zones of mineralization that include two zones of
high copper and zinc values, including 4.6 meters of 2.2 g/t Au, 49 g/t Ag, 0.46% Cu and 1.48% Zn (results are summarized
in Table 1) Anomalous mineralization extends from surface to 152.5 meters vertical depth averaging 0.3 g/t Au and 3 g/t
Ag across all four mineralized sections. Infill hole JES-24-84 returned 10.7 meters of 0.6 g/t Au and 3 g/t Ag within a broad
anomalous zone of 97.6 meters of 0.1 g/t Au starting from 48.8 meters vertical depth. It is important to note both holes
represent the extension of the Main Zone along the edges, the continuation of mineralization is a positive sign for further
resource advancement. As for exploration drilling, two holes 400 meters southeast along the 4 -T Trend have returned
values indicating mineralization continues along this corridor. This is highlighted by JES-24-87 which returned 53.4 meters
of 0.1 g/t Au and 2 g/t Ag, the broadest zone of gold-silver mineralization recorded in exploration drilling to date and over
700 meters from the Main Zone.
Over 2,700 meters have been drilled to date for the 2024 program. Results for eight drill holes are currently pending
analysis (green squares on Figure 1). Drilling is ongoing at Pilar.
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“The results today give us numerous reasons to be excited about the potential of Pilar.” commented Brodie Sutherland,
CEO. “Not only are we continuing to increase the resource potential on the outer edges of the Main Zone but have
successfully hit significant mineralization in two exploration holes 700 meters away. With all good exploration , it takes
time to focus in on key targets, the latest results are providing us with the evidence needed to further evaluate the
southeast extent of the several known tre nds. The polymetallic results returned at the Main Zone are likely related to
breccia phases encountered in previous core drilling (JES -22-61) 40m to the northwest, where elevated gold, silver and
zinc were recorded. The presence of multiple breccia and vein phases at Pilar is what makes it an attractive target, it is
a complex and robust system that we feel is just starting to take shape. In addition, the interest from a major producer
in the greater expansion area potential is a clear sign we are taking t he right steps to advance the area further and
getting the attention we feel the project deserves.”
Major Producer Initiates 30-Day Site Review of Expansion Area
One of the top gold and silver producers of Mexico will initiate a 30 -day site review of the Pilar Expansion Area during the
month of June to assess the potential of the area. Four personnel including two geologists along with assistance from
Tocvan technical staff will conduct the review for the purpose of assessing future agreements. Tocvan has 100% interest in
the Expansion Area where recent surface sampling has begun to delineate sizable footprints of mineralization that have
yet to be tested with drilling. Surface results include: 5.6 g/t Au and 106 g/t Ag, 3.2 g/t Au and 1,225 g/t Ag, 7.3 g/t Au
and 177 g/t Ag; also 5.5 g/t Au and 80 g/t Ag (see Figure 2 for full map of expansion area including North Alteration Zone).
Figure 1. Summary map of drill highlights and surrounding surface results.
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Discussion of Results
JES-24-73
The drillhole targeted near surface mineralization next to and down -dip of past core drillhole JES-22-62, which returned
108.6 meters of 0.8 g/t Au and 3 g/t Ag. Important to note that JES-22-62 was a significant 125-meter step out southeast
of the Main Zone at the time representing a significant increase in resource size. JES -24-73 returned anomalous
mineralization from surface to a vertical depth of 152.5 meter s, with four distinct higher -grade intervals. Two of which
returned intervals with elevated copper and zinc with gold and silver, represented by 4 .6 meters of 2.2 g/t Au, 49 g/t Ag,
0.46% Cu, 1.48% Zn from 54.9 meters depth and 3.1 meters of 0.9 g/t Au, 10 g/t Ag and 3.2% Zn from 77.8 meters depth.
These zones look to correlate with a silicified magnetite rich breccia encountered in past drillhole JES-22-61 (63.4m of 0.6
g/t Au and 11 g/t Ag) 40 meters to the northwest. The Company is encouraged by these results and further infill drilling to
the north has been completed with results pending.
North Extent of Main Zone Trend
JES-24-83, 84 and 85
Three drillholes targeted gaps in the database along the northern extent of the Main Zone Trend. All three holes returned
anomalous mineralization. JES -24-83 returned 102.2 meters of 0.1 g/t Au from 10.7 meters vertical depth, this includes
near surface gold values up to 3.5 g/t Au over 1.5 meters from 10.7 meters. Copper values up to 0.69% Cu over 1.5 meters
were returned along with gold and silver (0.2 g/t Au, 14 g/t Ag). Elevated copper values are common on the north end of
the Main Zone and North Hill Trends. JES -24-84 returned 97.6 meters of 0.1 g/t Au from 48.8 meters vertical depth,
including 10.7 meters of 0.6 g/t Au, 3 g/t Ag and 0.17% Cu from 108.3 meters vertical depth. JES-24-85 was drilled off the
same pad as JES-24-84, westward at a 45-degree angle. Four weaker zones of mineralization were recorded to a downhole
depth of 123.5 meters.
Exploration Drill Results
4-T Trend South Extensions
Drillholes JES-24-86 and 87 tested the far southern extension (400m southeast) of the 4-T Trend where limited data exists.
The two holes were drilled from the same pad in opposite directions (315 and 135 azimuths ). Both returned anomalous
mineralization with JES-24-87 returning the best result thus far , 53.4 meters of 0.1 g/t Au and 2 g/t Ag from 45.8 meters
downhole depth, including two, 1.5 -meter zones of 0.6 g/t Au. The Company views these early exploration results as
extremely positive as they greatly expand the mineralization potential along the southern extent of these corridors.
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Figure 2. Pilar Project Planview map showing the southern block made up of the Pilar Main Zone and the newly discovered placer source
with additional gold-silver mineralization extending to the south. Within the northern block , a large alteration zone that spans 3.3 km
by 1.5 km (North Alteration Zone) has returned high- grade gold and silver values in the first few sampling programs across the newly
acquired area.
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Table 1. Summary of Drill Results Released Today from Pilar Project.
All interval lengths are drilled widths. 10,000 ppm = 1%
Hole ID From (m) To (m) Width (m) Au (g/t) Ag (g/t) Cu (ppm) Pb (ppm) Zn (ppm)
JES-24-73 0.00 152.50 152.50 0.26 3.00 293 63 1,818
including 0.00 21.35 21.35 0.11 0.55 81 15 96
also 32.05 61.00 28.96 0.46 12.32 937 43 4,783
including 44.23 61.00 16.78 0.76 18.70 1,532 56 8,006
including 54.90 59.48 4.58 2.23 48.68 4,643 140 14,806
also 77.78 80.83 3.05 0.89 9.65 649 93 32,100
also 103.70 129.63 25.93 0.35 0.96 374 32 270
including 112.85 123.53 10.68 0.75 1.91 794 23 254
also 149.50 152.50 3.00 3.83 4.67 238 1,558 1,569
JES-24-83 10.68 112.85 102.18 0.10 1.34 534 23 124
including 10.68 12.20 1.53 3.53 0.25 117 12 118
also 36.60 38.13 1.53 0.09 9.43 93 27 173
also 53.38 64.05 10.68 0.20 2.68 1,131 26 135
including 53.38 54.90 1.53 0.56 2.50 2,200 19 194
and 62.53 64.05 1.53 0.62 1.50 107 18 101
also 77.78 79.30 1.52 0.24 1.00 29 19 80
also 99.13 112.85 13.73 0.06 3.80 1,957 43 157
JES-24-84 48.80 146.40 97.60 0.11 0.99 394 20 164
including 48.80 53.38 4.58 0.22 1.20 300 11 138
and 67.10 68.63 1.53 0.03 7.42 95 25 446
and 86.93 88.45 1.53 0.21 0.25 98 19 255
and 100.65 102.18 1.52 0.17 0.50 397 18 114
and 108.28 118.95 10.68 0.62 3.40 1,772 19 177
including 108.28 109.80 1.52 3.34 14.15 6,790 32 200
also 144.88 146.40 1.53 0.15 0.25 13 19 134
JES-24-85 42.70 45.75 3.05 0.11 0.73 266 25 4,375
and 82.35 88.45 6.10 0.10 0.39 157 26 89
and 99.13 105.23 6.10 0.19 1.29 36 20 156
including 99.13 100.65 1.53 0.51 1.80 13 25 151
also 122.00 123.53 1.53 0.20 0.25 13 6 207
Table 2. Drillhole locations released today.
Hole ID Azimuth Dip Depth (m) Easting Northing Elevation (m)
JES-24-73 0 -90 201.30 617507 3144450 444
JES-24-83 0 -90 122.00 617368 3144801 400
JES-24-84 0 -90 179.95 617453 3144713 393
JES-24-85 90 -45 128.10 617456 3144713 393
JES-24-86 315 -45 120.48 618113 3144285 412
JES-24-87 135 -45 131.15 618117 3144277 412
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Table 3. Exploration Drill Results and Pathfinder Geochemistry
Hole ID From (m) To (m) Width (m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
As
(ppm)
Mo
(ppm)
Sb
(ppm)
JES-24-86 24.4 35.075 10.68 0.20 1.20 27 242 512 663 NSV 9
including 24.4 25.925 1.53 0.82 3.20 21 1035 503 4310 NSV 12
JES-24-87 28.975 30.5 1.53 0.17 1.10 14 674 755 32 NSV NSV
and 45.75 99.125 53.38 0.09 2.15 60 522 922 214 NSV 8
including 45.75 50.325 4.58 0.35 2.85 144 968 1947 59 NSV 10
including 45.75 47.275 1.53 0.63 6.50 253 2210 3860 80 NSV 10
also 70.15 71.675 1.52 0.24 7.50 166 4530 6290 53 NSV 6
also 80.825 82.35 1.52 0.34 13.80 69 598 785 207 NSV 23
also 97.6 99.125 1.53 0.63 14.50 36 278 243 5090 NSV 29
About the Pilar Property
The Pilar Gold-Silver property has 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 lo w-sulphidation epithermal system hosted in andesite rocks. Initially t hree primary zones of
mineralization were identified on the original property from historic surface work and drilling and are referred to as the
Main Zone, North Hill and 4 -T. Each trend remains open to the southeast and north and new parallel zones have been
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 s o far. The
Company has now expanded its interest in the area by consolidating 22 square-kilometers of highly prospective ground
where it has already made significant surface discoveries.
Pilar Drill Highlights:
• 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 21.0m @ 38.3 g/t Au and 38 g/t Ag
o 13.0m @ 9.6 g/t Au
o 9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
• 62% Recovery of Gold Achieved Over 46-day Leaching Period
• Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
• Bulk Sample Only Included Coarse Fraction of Material (+3/4” to +1/8”)
• Fine Fraction (-1/8”) Indicates Rapid Recovery with Agitated Leach
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o Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94%
Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
• Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
o 95 to 99% Recovery of Gold
o 73 to 97% Recovery of Silver
o Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration and 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 51 million shares outstanding and is
earning into two exciting opportunities in Sonora, Mexico. The Company has consolidated an attractive land position at its
Pilar Gold-Silver Project where it holds 100% interests in over 21 square kilometers of prospective area and a majority
ownership (51%) in a one square kilometer area shared with Colibri Resources. T he Company also holds 100% interest in
the Picacho Gold-Silver project in the Caborca Trend of northern Sonora, a trend host to some of the major gold deposits
of the region. Management feels both projects represent tremendous opportunity to create shareholder value.
Quality Assurance / Quality Control
RC 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. 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.
Brodie A. Sutherland, 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
Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that
certain actions, events or results “may”, “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 expressed 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.
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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
403-829-9877
The Howard Group
Jeff Walker
VP Howard Group Inc.
403-221-0915