TOCVAN VENTURES CORP. Tocvan Ventures Corp. provided a progress update from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico. To date, the 2024 drill program has completed 3,268 meters across 26 drill holes.
Results for eleven drill holes are currently pending analysis. Drilling at Pilar has been paused to allow for the review of results and assess the summer weather conditions. A second drilling rig for core is being contemplated for later this year to expedite the build out of a robust geological model and accompany the remaining infill and step out drill holes for resource estimation.
Current placer mining activity has increased along a new corridor heading northeast along the central part of the property. The new activity indicates another prospective area exists where no sampling data has been collected. The Company will evaluate the area for potential targeting.
Across the Northern Alteration Zone a major producer has been focused evaluating the exploration potential of the area. The Company is encouraged by their initial observations. An additional two weeks of work is expected across the expansive area.
Summer Field Operations: Work will be ongoing at Pilar during the summer months with an emphasis on detailed surface evaluation of the geology and geochemistry of the expansion area. Initial rock sampling and mapping has provided key evidence for a much larger mineralized footprint at Pilar. The same volcanic andesite host rock is present across the southern block hosting the same vein, breccia and disseminated mineralization as seen at the Main Zone.
Recently built roads have provided new access to the area. Sampling so far has defined an elevated footprint of gold and silver 2.5x larger than the current extent of drilling at Pilar. Mineralization remains open to the north and east across the southern block.
Grid soil sampling along with mapping and rock chip sampling will be completed across the area to better define the extents of mineralization. Later in the year the Company is evaluating a UAV based magnetics survey to further assist in the definition of fault structures and alteration. The objective of the surface work will be to: 1) Further define drill targets across the expansion area for additional resource potential; 2) Identify areas with no significant mineralization adequate for leach pads, tailings and other mine infrastructure including processing facilities.
