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Tocvan Ventures narrowing down drilling focus at Pilar as it reports highest soil sample results so far

Last updated: 13:04 24 Jun 2020 EDT, First published: 10:37 24 Jun 2020 EDT

Tocvan Ventures Corp. -
Tocvan also revealed it had discovered a new zone of gold and silver mineralization containing areas of high grade gold and high grade silver

Tocvan Ventures Corp (CSE:TOC) is narrowing down its targets for drilling at the Pilar gold-silver project in Sonora, Mexico as it unveiled results from soil sampling.

A soil survey was carried out systematically across the property as one of several tools to define mineralization trends ahead of drilling expected in late summer or early autumn this year, the company said in a statement.

READ: Tocvan Ventures reveals exciting new targets on Pilar gold-silver property in Mexico

Notably, the results included the highest grades for gold and silver so far found on the Pilar property in separate soil assays, namely 8 grams per ton (g/t) gold in one and 317 g/t silver in another.

Also, the firm found a new zone of gold and silver mineralization containing areas of high-grade gold and high-grade silver. It has been called the "East Zone" by the company.

This new area roughly covers 600 metres (m) by 200 m and trends in the same direction as the property's Main Zone, which has been drilled to a depth of about 100 m, and with NW-SE trending structures.

At Pilar, 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, noted Tocvan. Over 17,700 m of drilling by previous operators have been completed to date.

Looking ahead, work to come at Pilar will be structural analyses with associated survey tools by structural geologists, and XRF survey of samples across the property and of historic drill hole samples held in storage, said Tocvan.

Historically, previous operators have focused on developing gold on the Pilar property, but clearly silver should be included as a part of that focus as well, noted Tocvan.

Shares in Toronto were lifted around 9.4% to C$0.10 each.

Contact the author at giles@proactiveinvestors.com

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