Tocvan Ventures Corp announced that it has identified several target areas through its due diligence field work completed within the Pilar gold-silver property expansion area in Mexico.
The exploration development firm said due diligence, including ground reconnaissance, is complete for the land expansion acquisition surrounding Pilar and the company is now finalizing a definitive agreement.
"We are already seeing excellent indications of a robust mineralized system beyond Pilar," Tocvan Ventures CEO Brodie Sutherland said in a statement.
"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 and our priority is to advance these drill targets as quickly as possible to begin the evaluation of these areas and drive new discoveries," he added.
Tocvan noted recent placer activity, historic workings, and prospective geology all indicate the area is highly prospective for gold and silver.
The company added that surface samples collected during due diligence of the area have been submitted for analysis with results pending.
Tocvan Ventures is a well-structured exploration development company earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project.
Contact Sean at sean@proactiveinvestors.com