Tocvan Provides Update on Pilar Project

Tocvan Ventures has provided an update on its 2024 Reverse Circulation drill program at the Pilar gold-silver project in Sonora. The company has paused drilling activities to await results and assess conditions during the summer. During this time, the company plans to focus on detailed geological and geochemical evaluations of the expansion area.

The company announced that, so far, its 2024 drill program has completed 3,268m through 26 drill holes, with 11 drill holes awaiting analysis. Tocvan Ventures also announced plans to introduce a second core drilling rig later this year. This rig aims to accelerate geological model development alongside remaining infill and step-out drill holes for resource estimation.

“We have achieved significant step-outs this year and eagerly await pending results for the remainder of the year. To enhance our geological understanding and expand our model at Pilar, core drilling will resume. Following successful core programs in 2022 that yielded exceptional results from the Main Zone, we aim to continue this success. We are also identifying new mineralized zones and developing mine infrastructure areas within the broader expansion zone. Pilar offers a substantial footprint for exploration, and we are excited to reveal its full scale,” said stated Brodie Sutherland, CEO, Tocvan Ventures.

The company reported that rock sampling and mapping have uncovered a significantly larger mineralized area at Pilar. The volcanic andesite host rock runs throughout the southern block, where veins, breccia, and disseminated mineralization like that at the Main Zone are present.

The company stated that new road construction has improved access to the area. Initial sampling indicates a gold and silver footprint 2.5 times larger than the current drill extension at Pilar. Ongoing activities such as grid soil sampling, detailed mapping, and rock chip sampling are planned to further delineate the extent of mineralization.

Later in the year, the company plans to conduct a UAV based magnetics survey to help define fault structures and alterations. The objectives of this surface work are to define drill targets throughout the expansion area for additional resource potential and to identify areas suitable for mine infrastructure, such as leach pads, tailings and processing facilities, where significant mineralization does not currently exist.