Tocvan Ventures Corp (CSE:TOC) updated Thursday on its conclusions from recent technical studies at its Pilar project in Sonora, Mexico, which the firm believes could be a large epithermal gold-silver system.
As reported last month, a significant recent find has been the interpretation of a pipe-like feature, 100 metres (m) in diameter in the east-central part of the property, which may be a feeder pipe related to epithermal mineralization.
READ: Tocvan Ventures poised for maiden drill program at Pilar project; identifies potential breccia pipe
Notably, this pipe is coincident with the discovery, announced in June, of the high-grade silver East Zone, which contains areas of high-grade gold and high-grade silver.
In fact, the two highest silver assay results are in this area, at 317 grams per ton (g/t) from soil sampling and 323 g/t of the precious metal from rock-grab samples, noted Tocvan.
"Pipes, and breccia-pipes are significant features in epithermal gold-silver models and can hold bonanza grades (>1opt) of gold and silver," added the firm in a statement.
In addition, a significant north-north-west to south-south-east 100m wide corridor is present, coincident with much of the drilling performed on the property so far.
Last month, the group said drill hole permitting had begun and it was getting quotes from drill companies ahead of a maiden program at Pilar.
The Pilar property is interpreted as a structurally controlled low-sulphidation epithermal project and more than 17,700m of drilling from previous operators has been completed there to date.
Highlight assays include 0.75 g/t of gold over 61m and 0.73g/t of the yellow metal over 40m.
Tocvan Ventures has around 18.9 million shares outstanding and is earning into two exiting opportunities - the Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia.
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