Tocvan Ventures Corp. (CSE:TOC) has updated shareholders on the first bulk sample at its Pilar Gold-Silver Project in Sonora, Mexico, where material preparation and heap leach pad preparation are ongoing along with trenching and sample extraction.
The company said that at the processing site, crusher and conveyor belt circuits have been brought online and are ready for testing. Ground conditioning is complete and ready for liner installation followed by gravel bed and drainage system setup, with Laboratorio Technologico de Metalurgia (LTM) selected to oversee and quality check the progress of the bulk sample.
"This is a very exciting time for us as we get ready for the first bulk sample of surface material from Pilar," said Tocvan CEO Brodie Sutherland in a statement.
READ: Tocvan Ventures says results from surface channel sampling at its Pilar Gold-Silver Project have 'exceeded expectations
"This will set the stage for moving Pilar towards development, showcasing the expected head grade and recovery blended across our key oxide zones. Having a local certified laboratory to assist in the metallurgical analysis and to quality check the results is just another added benefit of operating in a top mining jurisdiction.
"Gold characterization studies will guide us on improving recovery and understanding the mineralized system at Pilar. With the addition of being able to drill Pilar for another two-years, this completely opens the potential for defining more mineralization on a very prospective trend. We look forward on updating shareholders as the operation progresses," he added.
Alongside the bulk sample, a Precious Metal Diagnostic Leach study will be completed by LTM to assist in the understanding of gold characteristics and leach kinetics to optimize future process facilities, the company said.
Tocvan also announced that it has completed a renewed permit for Pilar, valid for two-years, allowing for nine trench areas and 83 drill pads. The permit will provide access for planned infill and step-out drilling along the 1.2-kilometer trend that remains largely untested at Pilar.
Created to take advantage of the prolonged downturn in the junior mining exploration sector, Tocvan identifies and negotiates interest in opportunities where management feels they can build upon previous success. Tocvan is earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project.
Contact the author at jon.hopkins@proactiveinvestors.com