Tocvan Ventures Corp has unveiled encouraging Phase III drill results from its Pilar gold-silver project in Sonora, Mexico, which continues to show the potential to expand mineralization.
In all, 1,562 metres (m) have been sunk in nine holes, providing key information across the project's Main Zone and 4-T Trend.
The results from two holes were released targeting the Main Zone extension, with one hole hitting 63.4m at a grade of 0.6 grams per ton (g/t) gold and 11 g/t silver, from a depth of 60.8m. Within that intersection was 29.9m at 0.9 g/t gold and 18 g/t silver, starting at 60.8m.
The second hole hit a broad anomalous gold zone, indicating mineralization continues further to the southeast. It intersected 107.3m at 0.1 g/t gold from 60.3m.
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"Drilling southeast of our Main Zone continues to return excellent gold and silver values in intensely silicified breccia-hosted mineralization," said Brodie Sutherland, Tocvan's CEO, in a statement.
"Once again, the orientation of drilling has maximized success through this extension zone returning consistent values that warrant more drilling to fully evaluate the potential of the area. We are excited to evaluate the next steps at Pilar as we continue to move the project forward," he added.
Results for two drill holes from the Phase III drilling are pending, Tocvan also told investors.
Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector and is earning 100% into two opportunities in Sonora - the Pilar gold-silver project and the El Picacho gold-silver project.
Pilar is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite rocks.
Contact the writer at giles@proactiveinvestors.com