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• Tocvan provided an update on its ongoing drill program at its Gran Pilar Gold Silver Project in Sonora, Mexico.
• A total of 1,122m of core drilling across 10 drill holes have been completed at the majority controlled Main Zone.
• A visual review of the core identified key structures and rock characterization.
• A new target outcrop was identified 1km NE of the Main Zone.
This morning, Tocvan Ventures Corp. (TOC:CSE, TCVNF:OTC), provided an update from its Gran Pilar Gold Silver Project in Sonora, Mexico. The update stated a total of 1,122m of core drilling across 10 drill holes has been completed at the Main Zone. The Company also provided an update from its recent site visit with positive visuals within the drill core and surface work. Results are pending for three core drill holes and four RC drill holes. We are maintaining our BUY rating and $0.90/share target on Tocvan Ventures.
The core drill program, designed to infill and step out on known mineralization, is expected to support the upcoming maiden resource estimate and the Preliminary Economic Assessment (PEA), that will follow. Assays are pending on three core drill holes (JES-25-103 to JES-25-105) that have been sent to the lab. Additionally, results from four recently completed RC drill holes (JES-24-099 to JES-24-102) north of the Main Zone are also pending.
CEO Brodie Sutherland emphasized that the “drilling has been a technical success with pending results to verify the impact on resource definition”. He added, “beyond the Main Zone, exploration potential remains significant, with new discoveries made each time we conduct fieldwork”.
Highlights:
• Visual core review indicates key lithologies and mineralization-hosting structures, enhancing the geological model for a maiden resource estimate.
• New target identified 1km NE of the Main Zone, with high-grade soil samples of >2,000 g/t Ag and 21.2 g/t Au and a coinciding silicified breccia outcrop which has yet to be sampled.
TOC: Gran Pilar Exploration Update
What you need to know:• Tocvan provided an update on its ongoing drill program at its Gran Pilar Gold Silver Project in Sonora, Mexico.
• A total of 1,122m of core drilling across 10 drill holes have been completed at the majority controlled Main Zone.
• A visual review of the core identified key structures and rock characterization.
• A new target outcrop was identified 1km NE of the Main Zone.
This morning, Tocvan Ventures Corp. (TOC:CSE, TCVNF:OTC), provided an update from its Gran Pilar Gold Silver Project in Sonora, Mexico. The update stated a total of 1,122m of core drilling across 10 drill holes has been completed at the Main Zone. The Company also provided an update from its recent site visit with positive visuals within the drill core and surface work. Results are pending for three core drill holes and four RC drill holes. We are maintaining our BUY rating and $0.90/share target on Tocvan Ventures.
The core drill program, designed to infill and step out on known mineralization, is expected to support the upcoming maiden resource estimate and the Preliminary Economic Assessment (PEA), that will follow. Assays are pending on three core drill holes (JES-25-103 to JES-25-105) that have been sent to the lab. Additionally, results from four recently completed RC drill holes (JES-24-099 to JES-24-102) north of the Main Zone are also pending.
CEO Brodie Sutherland emphasized that the “drilling has been a technical success with pending results to verify the impact on resource definition”. He added, “beyond the Main Zone, exploration potential remains significant, with new discoveries made each time we conduct fieldwork”.
Highlights:
• Visual core review indicates key lithologies and mineralization-hosting structures, enhancing the geological model for a maiden resource estimate.
• New target identified 1km NE of the Main Zone, with high-grade soil samples of >2,000 g/t Ag and 21.2 g/t Au and a coinciding silicified breccia outcrop which has yet to be sampled.
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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