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Announcing the start of the operating season is usually a somewhat ho-hum press release. However, Tocvan Ventures (TOC:CSE) is beginning to drill the 24 km2 area that makes up the El Picacho Project in Sonora Mexico. While the company will continue to work on its Pilar project, the real excitement this season will come from Picacho.
Calgary, Alberta – TheNewswire – September 16, 2022 – Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3) is pleased to announce it will be presenting at the Discoveries Mining Conference in Hermosillo, Sonora, Mexico on October 5th. This is the 8th addition of the conference that showcases Mining and Exploration companies of Mexico. The conference is held October 4th to 6th. Tocvan will have a booth for the duration of the event (Booth #173) and President & CEO, Brodie Sutherland will be presenting on the Company’s two gold-silver assets in Sonora. For more information on the conference visit: 2022 | Discoveries Mining Conference (discoveriesconference.com)
Brodie Sutherland, CEO of Tocvan Ventures (TOC:CNX), has set a course for the company which will allow it to explore, drill and bulk sample at its two gold/silver properties in Sonora Mexico. Critically, Tocvan concluded a 5.125 million dollar financing which will fund operations for the next two years.
When you have a large, prospective, property you have to use the best, most cost effective, tools to find what you hope will be a deposit. Tocvan Ventures (TOC:CNX) has been working on its Pilar property in Mexico for a little over two years.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company“) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that it has entered into an agreement with Beacon Securities Limited (“Beacon“), on behalf of a syndicate of agents to be co-led by Beacon and Red Cloud Securities Inc. (collectively, the “Agents“), in connection with a “best efforts” private placement of up to 26,000,000 special warrants of the Company (the “Special Warrants“) at a price of $0.27 per Special Warrant (the “Issue Price“) for aggregate gross proceeds to the Company of up to $7,020,000 (the “Offering“). Each Special Warrant shall be automatically exercisable into one unit of the Company (a “Unit“), as described below. Each Unit shall consist of one common share in the capital of the Company (a “Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will be exercisable to acquire one Share for a period of 36 months following closing of the Offering at an exercise price of $0.37 per Share.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to provide an update on the Company’s management team. Effective immediately, Company founder, Marcio Fonseca will become President and Chief Operating Officer and Eric Zaunscherb will assume the role of Chief Executive Officer in addition to his position as Chairman of the Board.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to report first exploration results for the Trampolín and Corta Pico vein systems, representing a set of N-S and NE-SW trending veins, located between the Plomosas and Loma Dorada vein systems. The Trampolín vein system can be considered the NE extension of the San Juan vein system, expanding the footprint of Au mineralization over 1,300 m to the NE (Figure 1). The results from Trampolín and Corta Pico confirm the presence of two Au-rich epithermal vein systems with the potential for higher-grade Au and Ag mineralization at depth. Mineralization at Trampolín and Corta Pico remains open along strike and down dip for future drilling.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (OTC:TCVNF) (FSE:TV3), is pleased to provide an update on operations at its Pilar Au-Ag Project in Sonora, Mexico. A Phase III drill program is currently underway following up on Main Zone expansion targets and new target areas identified in 2021. A second drill rig has been mobilized to increase productivity, a diamond drill rig will accompany RC drilling and assist in understanding the key geological and structural controls of mineralization.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FSE: GPE) – is pleased to announce gold (Au) and silver (Ag)-rich vein intercepts from the Loma Dorada – La Colorada Vein System, within the Plomosas Project, Sinaloa, Mexico. The new channel and drill results demonstrate the presence of NW oriented Au-Ag rich structures and an additional 250 m extension of veins to the south of previous drill hole results. A part of the La Colorada Vein System is currently being mined within a third party-owned concession with extensions of that Au-Ag mineralization extending into GR Silver Mining’s adjacent mineral concessions. The Company is currently mapping the third party mine workings to collect geological information as a guide to upcoming resource expansion drilling in the area.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce additional high-grade silver (Ag) results confirming consistently wide Ag intercepts from underground diamond core drilling at the San Marcial resource expansion program, at the Plomosas Project, Sinaloa, Mexico. These assay results are from the fourth hole of an eight-hole program and indicate the widening of the mineral body at depth and along strike. The successful drill hole confirms a significant expansion of high-grade Ag mineralization approximately 170 m down dip below the lower limit of the San Marcial NI 43-101 mineral resource and approximately 70 m along strike, to the SE of hole SMI21-03 (see News Release dated January 17, 2022) (Figure 1).