Tag: CSE:TOC

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce it has executed a binding term sheet in connection with a proposed financing for $5,125,000.00 (CAD) (the “Proposed Financing”) with an institutional investor, the terms of which will be announced once all due diligence has been completed, which is expected by June 30, 2022. The Company has agreed to pay a refundable due diligence deposit of $75,000 (CAD) (the “Deposit Shares”) via the issuance of 81,522 common shares of the Company at a deemed issue price of $0.92 per common share. read more

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (WKN:TV3/A2PE64), is pleased to announce it will shortly be closing a non-brokered private placement of up to 432,750 units (the “Units”) at CAD $0.80 per Unit for gross proceeds of up to CAD $346,200 (the “Offering”).  Each Unit is comprised of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share in the capital of the Company at a price of CAD $1.40 for a period of 24 months from the date the Units are issued, subject to the accelerated expiry provision described in the notes below. read more

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drill results from its Pilar Au-Ag Project in Sonora, Mexico. Results for core drill hole JES-22-62 are provided in this release, a 125m southeast step-out from hole JES-22-59 (116.9m at 1.2 g/t Au), infilling a gap 100m west of hole JES 21-47 (47.3m at 0.7 g/t Au, see Figure 1). JES-22-62 returned 108.6-meters at 0.8 g/t Au and 3 g/t Ag, including 31.9-meters at 2.4 g/t Au and 2 g/t Ag. Within the broader mineralized interval, consistent high-grade gold mineralization was recorded within a silicified sulphide-bearing breccia returning 9.4-meters at 7.6 g/t Au and 5 g/t Ag (see Table 2). read more

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drill results from its Pilar Au-Ag Project in Sonora, Mexico. Results for drill hole JES-22-59 are provided in this release, a core twin of RC drill hole JES-20-32 which returned 94.6-meters at 1.6 g/t Au (see Figure 1). Drill hole JES-22-59 was previously mentioned in a news release (see NR February 15, 2022) where a mineralized breccia host was observed in drill core correlating to the Main Zone at Pilar. JES-22-59 returned 116.9-meters at 1.2 g/t Au and 7 g/t Ag, including an impressive 48.1-meters at 2.8 g/t Au and 9 g/t Ag. High-grade gold-silver mineralization was recorded adjacent to a heavily faulted and altered zone returning 10.2-meters at 12.0 g/t Au and 23 g/t Ag, including 4.2-meters at 28.3 g/t Au and 49 g/t Ag. read more

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce initial drill results from its Pilar Au-Ag Project in Sonora, Mexico. Results for the first three drill holes are provided in this release, totaling 513.3 meters of drilling within the Main Zone (see Figure 1). A total of 1,540 meters of Phase III drilling has been completed in nine drill holes providing key information across the Main Zone and 4-T Trend. Drill hole JES-22-58 intersected 21.7-meters of 0.94 g/t Au, including 4.0 meters of 4.3 g/t Au and 7 g/t Ag. JES-22-58 was a diamond drill hole to confirm host rock and structure from the local Reverse Circulation (“RC”) drill hole JES-20-36 which intersected 24.4 meters of 2.5 g/t Au and 73 g/t Ag, including a high-grade interval of 1.5 meters of 33.4 g/t Au and 1,090 g/t Ag. read more

Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (FSE:TV3), is pleased to provide an update from its Pilar Au-Ag Project in Sonora, Mexico. Phase III drilling is currently in progress, 1,200 meters of core drilling has been completed providing essential information across the Main Zone and 4-T Trend. Over 40% of these samples have been submitted to ALS (Hermosillo) for preparation and analysis. The remaining samples are expected to be submitted over the next two weeks with more drilling planned in the coming months. The company expects first results to be available later this month, including results from the previously announced (see February 15, 2022, announcement) intersection of silicified breccia host through the Main Zone, a core twin of RC hole JES-20-32 which returned 94.6 meters of 1.6 g/t Au, including 9.2 meters of 10.8 g/t Au and 38 g/t Ag. Five (5) metallurgical samples for column leach study have been submitted for analysis by SGS and a strategic partner. Results for metallurgy are expected to be available in Q2 2022. 2021 bottle roll studies returned over 90% recovery of gold after a 48-hour retention time. read more