Tocvan Ventures Corp. (CSE:TOC) has released its 2022 annual summary, having achieved a “standout year” despite the difficulties faced by resource companies.
"2022 was a challenging year for many resource companies,” CEO Brodie Sutherland said in a statement. “Amid the turbulent global markets, Tocvan is proud to have made 2022 one of its most productive years in terms of the advancement of both of our projects in Sonora and setting the company up for a return of investor sentiment towards the precious metals.”
Notably, advancement continued this year with drilling at the company’s Pilar project in Mexico, including its first core drilling program, which intersected broad mineralization across the main zone. The program returned 116.9 meters of 1.2 grams per ton (g/t) of gold, including 10.2 meters of 12 g/t gold and 23 g/t silver.
READ: Tocvan announces plan for bulk sample from Pilar Gold-Silver Project as it outlines next steps for development
Sutherland noted: “Major producing companies have already seen a positive correction in their share prices and we believe this same correction is set to occur for the majority of small-cap mining and exploration companies. We believe Tocvan provides an excellent opportunity for shareholders looking to take part not only in exploration upside but also the potential for near-term gold and silver production.”
Looking ahead, the CEO pointed to more progress at Pilar, as well as the El Picacho project.
“2023 will be an important and exciting year as we complete the first-ever bulk sample at Pilar and continue to drill and expand the known area of mineralization,” he said. “At El Picacho, we are just getting started with drill evaluating several prospect areas over a large, highly prospective area. With all that in mind, we are looking forward to starting aggressive development and coinciding marketing campaigns early in 2023."
Tocvan, an exploration development company, was created to take advantage of the prolonged downturn in the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. The company is earning 100% from two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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