Tocvan Ventures Corp has unveiled the final drill results from the 20-hole, Phase 2 drilling at its Pilar project in Mexico, which continue to underscore the potential of the gold and silver asset.
Two holes were reported, with one returning an intercept of 39.7 meters (m) at 0.96 grams per ton (g/t) gold starting from 39.65m depth This hole was a step-out, 50m from the Main Zone and on-trend with another hole, which hit 47.3m at 0.75 g/t of the precious metal.
The company said it is now planning the next steps for the property, which includes more expansion drilling, along with exploration drilling at 4-Trench and the Triple Vein Zone (TVZ) and trenching followed by preliminary bulk sampling at the Main Zone.
READ: Tocvan Ventures identifies 500-meter mineralized trend following drill program at the Pilar Gold-Silver project in Mexico
"During our Phase I and II drill programs we have been extremely successful in steadily increasing the known size of our Main Zone," said Tocvan's vice-president (VP) of exploration Brodie Sutherland in a statement.
He said the hole, noted above, "clearly shows the trend remains open to the southeast and we are excited to drill test this further later in the year".
"Beyond that we are seeing great indications that the Triple Vein Zone is developing into a new area for drill targeting," Sutherland added.
The second hole reported, the first reconnaissance hole sunk at the Triple Vein Zone (TVZ) was completed 400 meters to the east, of the hole above and successfully hit mineralization at depth, returning 1.5 meters at 0.6 g/t gold and 139 g/t silver, starting from a depth of 216.55m.
Tocvan believes its Pilar gold, silver property is a low-sulphidation epithermal project. More than 19,200m of drilling has been completed to date and three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling. They are known as the Main Zone, North Hill and 4-Trench.
Soil and rock sampling at undrilled areas have indicated that mineralization extends towards the southeast from the Main Zone and 4-Trench Zone, while recent surface exploration has defined three new target areas - Triple Vein Zone, SE Vein Zone and 4 Trench Extension.
Contact the author at giles@proactiveinvestors.com