Tocvan Ventures Corp. has announced the resumption of exploration drilling at theGran Pilar Gold-Silver Projectin Mexico’s Sonora region. This initiative is crucial as the company aims to harness the rich mineral resources of the South Block, which shows significant potential based on recent geological surveys and sampling. The operational focus will now shift to newly identified high-priority targets that could unlock value for stakeholders.
The restart of drilling activities follows the successful completion of preliminary condemnation drilling at the Pilot Mine site, which confirmed the area’s suitability for future development.
This progress allows Tocvan to advance its resource expansion strategy.
Table of Contents:
Exploration strategies and objectives
The South Block, covering approximately 8 km², is fully controlled by Tocvan and extends the historically productive Main Zone. The integration of drone magnetic surveys with extensive surface geochemical sampling and geological mapping has identified key exploration targets. Recent developments include constructing access roads and preparing several drill pads, facilitating ongoing exploration efforts.
With condemnation drilling now concluded, attention has shifted to exploration. Two additional exploration holes have been completed in the South Block, enhancing the company’s aim to expand its resource base. Identified targets are supported by substantial geological data, including anomalous gold and silver values from previous surface rock and soil samples, with impressive readings of 21.2 g/t Au and over 2,000 g/t Ag.
Significance of recent findings
Recent results from condemnation drilling at the Pilot Mine site have been instrumental in shaping Tocvan’s operational strategies. These findings affirm that the area is suitable for infrastructure development, facilitating the transition to high-impact exploration drilling. Tocvan’s CEO,Brodie Sutherland, expressed optimism regarding the newly identified targets, highlighting their alignment with the company’s strategic goals for resource expansion.
“This restart marks an exciting step forward in unlocking the untapped potential of the South Block,” said Sutherland. “The integration of magnetic data with our surface geochemistry has pinpointed compelling new targets that align with our strategy for resource expansion.” This positive outlook underscores Tocvan’s commitment to increasing the
Future drilling plans and potential
The current drilling program is ambitious, with plans for up to 10,000 meters of reverse circulation (RC) drilling in this initial exploration phase. The company has also announced the availability of a second drill rig to expedite exploration of the North Block, which remains largely untested. This proactive strategy reflects Tocvan’s commitment to maximizing the potential of both blocks and ensuring systematic exploration efforts.
Supportive geophysical and geochemical data bolster confidence in the mineralization potential within the Gran Pilar project. Ongoing exploration aims not only to expand known mineralization in the South Block but also to investigate high-grade surface samples suggesting substantial resources may lie beneath the largely untested alteration zones of the North Block.
Historical context and upcoming developments
The Gran Pilar project has a rich exploration history, with previous drilling successes yielding significant intercepts. Notable results include high-grade intersections from prior campaigns, such as 19.4 g/t Au over 3.1 meters. These historical data points enhance the company’s confidence as it embarks on this new drilling phase.
Tocvan’s commitment to methodological exploration is evident in its systematic approach to drilling and data collection, ensuring high-quality results that align with best practices in mining exploration. With current advancements and strong historical results, Tocvan is well-positioned to drive significant shareholder value, particularly in a market characterized by rising gold prices.
The restart of drilling activities follows the successful completion of preliminary condemnation drilling at the Pilot Mine site, which confirmed the area’s suitability for future development. This progress allows Tocvan to advance its resource expansion strategy.0
