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Calgary, Alberta – TheNewswire – September 13, 2022 – Tocvan Ventures Corp. (the “Firm”) TOC; TCVNF; (FSE:TV3), is happy to announce the completion of knowledge compilation and floor analysis of the San Ramon Prospect inside the El Picacho Gold-Silver Mission in Sonora, Mexico. Historic underground sampling competed by Timmins Gold in 2008, returned 23 one to two-meter rock chip samples starting from 0.3 g/t Au to 22 g/t Au with Ag values as much as 26 g/t (see Determine 1). Later sampling in 2016 by Millrock confirmed the high-grade outcomes with 5 rock chip samples returning between 2.0 g/t Au to 18 g/t Au. The underground drive is regarded as accomplished between the 1950’s and 1970’s. A second underground working positioned 250-meters to the north returned 9 rock chip samples ranging between 0.5 g/t Au and eight.2 g/t Au with Ag values as much as 32 g/t (see Tables 1 & 2 for outcomes). At San Ramon, high-grade gold values are recorded at floor over a 500-meter pattern alongside a regional thrust fault contact. The Precedence drill goal space contains this pattern plus the down-dip extension alongside the fault at depth to the west over 500-meters. The regional thrust fault is regarded as a significant conduit for mineralization and each the older Precambrian gneiss and the youthful Jurassic sediments beneath the fault present indications of robust alteration and high-grade mineralization.
Determine 1. Plan view of the San Ramon Prospect, highlighting high-grade mineralization
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“The information clearly exhibits that San Ramon is a high-priority goal showcasing mineralization from floor to a minimal depth of 60-meters, over a 500-meter pattern and open in all instructions.”, commented CEO, Brodie Sutherland. “Previous work has de-risked this goal as we all know mineralization extends to depth from historic drill logs. The high-grade gold and silver seen at floor and recorded from the underground workings confirms a sturdy system is current. Comply with-up grid drilling of the realm will probably be a precedence for El Picacho’s growth.”
Determine 2. Plan view and X-Part of the San Ramon Underground Drive. Excessive-grade mineralization is open at depth and alongside strike.
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Dialogue
The San Ramon Prospect has important historic workings that embrace two underground workings regarded as accomplished between the 1950’s and 1970’s. Sampling of the underground by previous operators has returned constant high-grade gold and silver mineralization inside silicified quartz-carbonate veins hosted inside shear zones parallel to a big regional fault that dips shallowly to the west. Mineralization doesn’t look like remoted to the Precambrian gneiss host rocks within the hangingwall of the fault but in addition current within the youthful Jurassic sediments (sandstones to dolostones) within the footwall. That is most evident 1.4 kilometers to the south on the Murcielago Prospect the place mineralization is hosted inside a brecciated dolostone.
The goal space at present consists of a 500-meter by 500-meter space targeted round historic workings trending south alongside the contact of a regional fault. Reconnaissance drilling accomplished by Timmins Gold in 2012 and 2013 recognized a number of mineralized horizons (low-angle shear zones) internet hosting gold and silver mineralization all the way down to a depth of 60-meters. These shear zones align with high-grade mineralization outcropping at floor and sampled within the underground workings. Though follow-up grid drilling was deliberate, on account of budgetary constraints by Timmins Gold and priorities in the direction of near-mine exploration, no follow-up work was accomplished on the San Ramon Prospect. The Firm believes the previous drilling has confirmed the mannequin for a continuation of mineralization at depth and that follow-up drilling is required to intersect the higher-grades recorded within the underground workings. The San Francisco deposit is hosted inside the similar rock kind seen at San Ramon and is expounded to related regional faults. With the rain season coming to an finish in Sonora, planning is underway to provoke drilling at San Ramon as quickly as potential.
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Prospect Highlights
Two Underground Historic Workings
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90-meter underground drive, chip samples returned from 0.3 to 22 g/t Au over size of drive. Averaging 5.0 g/t Au and eight g/t Ag.
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Historic shaft and adit, chip samples returned from 0.5 to eight g/t Au over 20-meter by 30-meter space. Averaging 3.6 g/t Au and 10 g/t Ag.See Determine 1 and Desk 2
Desk 2. Abstract of Rock Chip Samples from Underground Working at San Ramon Prospect
Desk 1. Abstract of Rock Chip Samples from 90-meter underground drive at San Ramon Prospect
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Coordinate System: WGS84, Zone 12. Historic samples have been taken over 1 to 2-meter chips.
Three Historic Reconnaissance Drill Holes (Timmins Gold, 2012) have been accomplished. All three Intersected Mineralization. No follow-up work was accomplished on account of a cease in regional exploration by Timmins Gold on the time.
RCP-09
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59.3m of 0.2 g/t Au, from floor
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Incl., 12.2m of 0.6 g/t Au, from 21.3m
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Incl. 7.6m of 0.9 g/t Au
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Incl., 4.6m of 1.4 g/t Au
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And, 3.0m of 0.7 g/t Au,from 56.2m
PD-01
PD-02
Determine 3. X-Part of the San Ramon Prospect and Drill gap RCP-09. The drill gap was misplaced at 88.4-meters, failing to check the decrease sediment host goal horizon.
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Determine 4. Schematic X-Part of the El Picacho Exploration Mannequin exhibiting potential throughout a number of untested traits. The San Ramon goal outcrops at floor and been intersected at a vertical depth of 60-meters. The San Francisco pit define is used for reference solely. Drill traces proven are conceptual primarily based on the exploration mannequin.
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Determine 5. Overview map of the El Picacho Gold-Silver Mission
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Concerning the Picacho Property
The El Picacho Gold-Silver property is interpreted as an orogenic gold system inside the regional Caborca Orogenic Gold Belt recognized for producing gold mines that embrace La Herradura (>10 Moz Au) and San Francisco (>3 Moz Au). The venture is 140 kilometers north of Hermosillo and solely 18 kilometers southwest of the manufacturing San Francisco Mine. The Mission totals 24 sq. kilometers. 5 main zones of mineralization have been recognized throughout the property totalling over six kilometers of potential traits. Floor sampling and historic workings have recognized high-grade gold and silver values. The venture has solely seen extensively spaced reconnaissance drilling with no follow-up. Tocvan believes this gives a superb alternative for discovery of a muti-million ounce district.
About Tocvan Ventures Corp.
Tocvan is a well-structured exploration growth firm. Tocvan was created as a way to reap the benefits of the extended downturn the junior mining exploration sector, by figuring out and negotiating curiosity in alternatives the place administration feels they’ll construct upon earlier success. Tocvan has roughly 36 million shares excellent and is incomes 100% into two thrilling alternatives in Sonora, Mexico: the Pilar Gold-Silver venture and the El Picacho Gold-Silver venture. Administration feels each initiatives symbolize great alternative to create shareholder worth.
Brodie A. Sutherland, P.Geo., CEO for Tocvan Ventures Corp. and a certified particular person (“QP”) as outlined by Canadian Nationwide Instrument 43-101, has reviewed and accredited the technical data contained on this launch.
Cautionary Assertion Concerning Ahead Wanting Statements
This information launch incorporates “forward-looking data” which can embrace, however will not be restricted to, statements with respect to the actions, occasions or developments that the Firm expects or anticipates will or might happen sooner or later. Ahead-looking data on this information launch contains statements concerning the usage of proceeds from the Providing. Such forward-looking data is usually, however not at all times, recognized by way of phrases and phrases comparable to “plans”, “expects”, “is anticipated”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with unfavorable variations) of such phrases and phrases, or state that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” be taken, happen or be achieved.
These forward-looking statements, and any assumptions upon which they’re primarily based, are made in good religion and replicate our present judgment concerning the path of our enterprise. Administration believes that these assumptions are cheap. Ahead-looking data entails recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such elements embrace, amongst others, dangers associated to the speculative nature of the Firm’s enterprise, the Firm’s formative stage of growth and the Firm’s monetary place. Ahead-looking statements contained herein are made as of the date of this information launch and the Firm disclaims any obligation to replace any forward-looking statements, whether or not because of new data, future occasions or outcomes, besides as could also be required by relevant securities legal guidelines.
There could be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data.
For extra data, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Phone: 1 888 772 2452
E-mail: ir@tocvan.ca
Copyright (c) 2022 TheNewswire – All rights reserved.
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