Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce it will be presenting at the upcoming International Precious Metals & Commodities Show November 4th and 5th in Munich, Germany. The conference will showcase gold and silver explorers and producers from across the globe. Tocvan will be presenting on the Company’s Sonora projects and has been asked to be part of a silver panel that includes First Majestic, Silver One, Fortuna Silver, and Silver X. In addition, the Company will be presenting at the bi-annual TakeStock investor event in Calgary, Alberta on November 2nd. For more information on each please see the following links: International Precious Metals & Commodities Show (edelmetallmesse.com) and TakeStock Alberta Investor Forum (weebly.com)
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce preparations are underway for its maiden drill program at the El Picacho gold-silver Project in Sonora, Mexico. After a longer than expected wet season due to adverse weather conditions in the region, the Company is now set to start its operating season with drilling at Picacho. Operations are expected to continue through to June of 2023, as the Company evaluates the potential of several target areas at Picacho and continues to explore, drill and advance its Pilar project also in Sonora. Figure 1, highlights the key target areas across Picacho’s western half, including Tortuga, San Ramon (see news release September 13, 2022), Murcielago (see news release July 6, 2022), Virgen Maria and Jabali. All targets have artisanal workings with high-grade gold-silver mineralization, the Company is targeting the high-grade along with the untested potential for broader low-grade zones. It should be noted that no comprehensive modern exploration has been conducted between the target areas and the Company believes there is significant evidence to suggest other target areas can be identified across the 24 km2 area that makes up the El Picacho Project.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the completion of data compilation and surface evaluation of the San Ramon Prospect within the El Picacho Gold-Silver Project in Sonora, Mexico. Historic underground sampling competed by Timmins Gold in 2008, returned 23 one to two-meter rock chip samples ranging from 0.3 g/t Au to 22 g/t Au with Ag values up to 26 g/t (see Figure 1). Later sampling in 2016 by Millrock confirmed the high-grade results with five rock chip samples returning between 2.0 g/t Au to 18 g/t Au. The underground drive is thought to be completed between the 1950’s and 1970’s. A second underground working located 250-meters to the north returned nine rock chip samples ranging between 0.5 g/t Au and 8.2 g/t Au with Ag values up to 32 g/t (see Tables 1 & 2 for results). At San Ramon, high-grade gold values are recorded at surface over a 500-meter trend along a regional thrust fault contact. The Priority drill target area includes this trend plus the down-dip extension along the fault at depth to the west over 500-meters. The regional thrust fault is thought to be a major conduit for mineralization and both the older Precambrian gneiss and the younger Jurassic sediments below the fault show indications of strong alteration and high-grade mineralization.
Tocvan Ventures Corp. (the “Company”) (CSE: TOC); (OTCQB: TCVNF); (FSE: TV3), is pleased to announce the latest drill results from its Pilar Au-Ag Project in Sonora, Mexico. Seven drill holes were completed, totalling 1,382-meters. Results for the first three drill holes are highlighted in this release. All three drill holes were the first drilled in new areas and intersected alteration and structures known to host gold-silver mineralization at Pilar. Two drill holes intersected low-grade gold and silver values indicating close proximity to significant mineralization. Hole JES-22-67 returned 30.5-meters of 0.4 g/t Au, including 1.5-meters of 7.6 g/t Au (Figure 1). Drill hole JES-22-68 returned anomalous gold values. Results are pending for the remaining four drill holes.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce it has engaged with Blaze Capital to increase awareness of its gold-silver projects in Sonora, Mexico. Founded by stock market educator Mr. Justin Caron in 2018, Blaze Capital has amassed over 45,000 subscribers on YouTube, garnering over 4.5 million video views and a total social reach of 100,000. In addition to stock market video content, Mr. Caron also founded a stock market data feed platform – thealgo.com – which offers investors a platform to find data generated ideas; engage and share with thousands of like-minded investors and access Mr. Caron’s stock portfolio. With a well-established audience that continues to grow, Blaze Capital has recently begun providing investor awareness services by partnering with select small-cap Canadian securities companies. Blaze Capital will be presenting Tocvan across its platforms by featuring the Company’s progress and news flow through a series of YouTube videos, website content and ongoing coverage with its investor database through its newsletter.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the successful completion of the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico. Seven drill holes were completed, totalling 1,382-meters. Drilling focused on step-out targets along the 4-T and a newly discovered trend between the Main Zone and 4-T (see Figure 1). All seven drill holes intersected target horizons. Results for all seven drill holes have been submitted to ALS (Hermosillo) for analysis, results are pending.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce surface sample results from its El Picacho Au-Ag Project in Sonora, Mexico. A surface exploration program has been ongoing since April. At the Murcielago Prospect, a total of 65 samples were collected with 14 samples returning values greater than 0.1 g/t Au (Table 1). Sampling defined a new target area yet to be drilled. The Murcielago Prospect has been confirmed and expanded with Au-Ag values (7.2 g/t Au and 36 g/t Ag) hosted within a brecciated dolomitic limestone unit along a 450-meter west-southwest trend. Significant lead and zinc mineralization is noted to occur along with gold and silver within the prospect area (4.5 g/t Au, 197 g/t Ag, 4.8% Pb and 7.1% Zn). Murcielago Prospect is the only mineral occurrence on the El Picacho property identified to date hosted within Jurassic aged sedimentary rocks. Historic artisanal workings are present following high-grade mineralization from surface in shafts (Plate 1).
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to announce the closing of a private placement to an institutional investor (the “Placement”) to raise an aggregate amount of $5.125 million (CAD). The proceeds from the Placement will be deposited with a third-party escrow agent (the “Escrow Agent”) and delivered to the Corporation in monthly tranches over the next 24 months pursuant to the terms and conditions of a Sharing Agreement (as defined below) and an escrow agreement dated June 28, 2022 between the Corporation, Sorbie Bornholm LP, and Orrick, Herrington & Sutcliffe (UK) LLP (the “Escrow Agreement”). The funds will go towards the advancement of the Pilar and El Picacho Au-Ag projects in Sonora, Mexico and for general working capital purposes.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drilling has recommenced at its Pilar Au-Ag Project in Sonora, Mexico. As a continuation of Phase III, drilling will focus on priority exploration targets across the property. Targeting parallel trends and trend extensions will remain a focus as the Company looks to rapidly define the extent of mineralization at Pilar. Recent reconnaissance drilling in a 200-meter gap between the Main Zone and 4-T Trend was successful in defining a new parallel trend (JES-22-63 returned 54.9-meters at 0.3 g/t Au and 5 g/t Ag from 6.1-meters depth). Another 200-meters to the east, surface exploration returned chip samples of 6.6 g/t Au and 433 g/t Ag defining an untested extension of the 4-T Trend, both of these targets will be tested during this stage of drilling.
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.