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• Tocvan reported the first RC drill result from the 100% controlled Expansion Area just to the north of the Main Zone.
• A total of 776.2m of drilling was reported across 4 drill holes.
• The highlight intercept was a scout hole reporting 3.1 g/t Au over 19.8m, including 19.4 g/t Au over 3.1m. This is the best result outside the Main Zone, to-date.
• TOC plans to immediately follow up on these targets.
This morning, Tocvan Ventures Corp. (TOC:CSE, TCVNF:OTC), announced RC drill results from its Gran Pilar Gold-Silver Project, specifically at the never-before-drilled 100% controlled expansion area. A total of 776.2m of drilling was reported in this release, across four drill holes with gold at surface being discovered in all holes. Scout hole, JES-24-101 intersected a high-grade section from surface of 3.06 g/t Au over 19.8m including 19.39 g/t Au over 3.1m, marking the best result outside the Main Zone. We are maintaining our BUY rating and $0.90/share target on Tocvan Ventures.
Two exploration holes were completed, testing the northwest trending mineralization and two scout holes were completed in a northwest direction, testing for a further continuation of mineralization. Hole -101 mentioned above, intersected a zone near surface that ran to a depth of 106.8m where gold averaged 0.6 g/t the length of the hole. Mineralization here coincides with a mineralized and sulphide bearing granitoid body and its contact with the Main Zone altered andesite volcanics. Hole -101 was also ~250m northwest of last year’s drill hole, JES-24-79 which returned 1.0 g/t Au over 42.7m. JES-24-102, reported today, was 185m northeast of -101 and hit 0.43 g/t Au and 6.43 g/t Ag over 16.8m, including 1.96 g/t Au over 3.1m, but stopped early due to water at 166.2m (Figure 1). Recent soil sampling further north on this trend returned 519 ppb Au, which will be a high potential target for future drilling. Further sampling and mapping shows mineralization continued ~700m north and ~2.0km east in this year.
CEO Brodie Sutherland emphasized that “an instant discovery of unique high-grade mineralization on our expansion area is an incredible advancement for our first four drill holes ever in this area”.
Highlights:
• JES-24-101: 0.61 g/t Au over 106.8m, including 3.06 g/t Au over 19.8m, and including 19.39 g/t Au over 3.1m
• JES-24-102: 0.19 g/t Au over 44.2m, including 0.43 g/t Au over 16.8m, and including 1.96 g/t Au over 3.1m
TOC: First Drilling at Expansion Area Hits High-Grade
What you need to know:• Tocvan reported the first RC drill result from the 100% controlled Expansion Area just to the north of the Main Zone.
• A total of 776.2m of drilling was reported across 4 drill holes.
• The highlight intercept was a scout hole reporting 3.1 g/t Au over 19.8m, including 19.4 g/t Au over 3.1m. This is the best result outside the Main Zone, to-date.
• TOC plans to immediately follow up on these targets.
This morning, Tocvan Ventures Corp. (TOC:CSE, TCVNF:OTC), announced RC drill results from its Gran Pilar Gold-Silver Project, specifically at the never-before-drilled 100% controlled expansion area. A total of 776.2m of drilling was reported in this release, across four drill holes with gold at surface being discovered in all holes. Scout hole, JES-24-101 intersected a high-grade section from surface of 3.06 g/t Au over 19.8m including 19.39 g/t Au over 3.1m, marking the best result outside the Main Zone. We are maintaining our BUY rating and $0.90/share target on Tocvan Ventures.
Two exploration holes were completed, testing the northwest trending mineralization and two scout holes were completed in a northwest direction, testing for a further continuation of mineralization. Hole -101 mentioned above, intersected a zone near surface that ran to a depth of 106.8m where gold averaged 0.6 g/t the length of the hole. Mineralization here coincides with a mineralized and sulphide bearing granitoid body and its contact with the Main Zone altered andesite volcanics. Hole -101 was also ~250m northwest of last year’s drill hole, JES-24-79 which returned 1.0 g/t Au over 42.7m. JES-24-102, reported today, was 185m northeast of -101 and hit 0.43 g/t Au and 6.43 g/t Ag over 16.8m, including 1.96 g/t Au over 3.1m, but stopped early due to water at 166.2m (Figure 1). Recent soil sampling further north on this trend returned 519 ppb Au, which will be a high potential target for future drilling. Further sampling and mapping shows mineralization continued ~700m north and ~2.0km east in this year.
CEO Brodie Sutherland emphasized that “an instant discovery of unique high-grade mineralization on our expansion area is an incredible advancement for our first four drill holes ever in this area”.
Highlights:
• JES-24-101: 0.61 g/t Au over 106.8m, including 3.06 g/t Au over 19.8m, and including 19.39 g/t Au over 3.1m
• JES-24-102: 0.19 g/t Au over 44.2m, including 0.43 g/t Au over 16.8m, and including 1.96 g/t Au over 3.1m
Underlying
Tocvan Ventures
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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