leadf
logo-loader
viewTocvan Ventures Corp.

Tocvan Ventures updates on observations from recent work at its Pilar project in Mexico

As reported last month, a significant recent find has been the interpretation of a pipe-like feature, 100 metres in diameter in the east-central part of the property

Tocvan Ventures Corp. -
Last month, Tocvan said drill hole permitting had begun and it was getting quotes from drill companies ahead of a maiden program at Pilar

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.

Contact the author at giles@proactiveinvestors.com

Quick facts: Tocvan Ventures Corp.

Price: 0.43 CAD

CSE:TOC
Market: CSE
Market Cap: $7.84 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tocvan Ventures Corp. named herein, including the promotion by the Company of Tocvan Ventures Corp. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Tocvan Ventures begins maiden drill program at their Pilar Project in Mexico

Tocvan Ventures (CSE: TOC) CEO Derek Wood joined Steve Darling from Proactive with news the company will soon have the drills turning at their Pilar Gold and Silver project in Mexico. That program will be 1500 metres. Wood also told Proactive that Brodie Sutherland has been named as the...

1 day, 4 hours ago

2 min read