Tocvan Completes Due Diligence to Acquire 100% Interest in Pilar Gold - Silver Expansion Area
Highlights
New Area Totals 2,172.7 ha Across Three Title Blocks Adjacent to Pilar Gold - Silver Project
• Due Diligence Complete on Pilar Expansion
• High Priority Target Areas with Historic Workings and Silicified Breccias Identified
• Assay Results Pending from Surface Sampling
• Video: Tocvan Expansion Update and Targets
Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce it has identified several target areas through its due diligence field work completed within the Pilar expansion area in Sonora, Mexico. Due diligence including ground reconnaissance is complete for the land expansion acquisition surrounding Pilar (see News Release, July 27, 2023) and the Company is now finalizing a definitive agreement. Recent placer activity, historic workings, and prospective geology all indicate the area is highly prospective for gold and silver. Surface samples collected during due diligence of the area have been submitted for analysis, results are pending.
“We are already seeing excellent indications of a robust mineralized system beyond Pilar,” stated Brodie Sutherland, CEO. “The presence of pervasive hydrothermal alteration, silicified tourmaline breccias along with significant historic underground workings and years of active placer gold extraction are providing key indications that the area is prospective for drill targeting. Our priority is to advance these drill targets as quickly as possible to begin the evaluation of these areas and drive new discoveries.”
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