Tocvan Ventures Corp. (CSE:TOC) has announced the latest drill results from its Pilar Au-Ag (Gold-Silver) Project in Sonora, Mexico, with seven drill holes completed, totaling 1,382 meters.
Results for the first three holes drilled in new areas intersected alteration and structures known to host gold-silver mineralization at Pilar. Two drill holes intersected low-grade gold and silver values, indicating close proximity to significant mineralization.
Drilling focused on the 4-T Expansion and Extension targets and a new trend discovered during the last stage of drilling. Results are pending for the remaining four drill holes.
"For the first holes testing these new trends to return anomalous mineralization is an excellent indication there is more to be discovered at Pilar", Tocvan CEO, Brodie Sutherland said in a statement.
READ: Tocvan Ventures completes seven RC drill holes at Pilar project in Mexico; results expected later this month
"All three drill holes intersected alteration, quartz-veining and fault structures know to host significant mineralization at Pilar. The information from these holes will assist in leading us towards new discoveries," he added.
Drill Highlights:
- JES-22-66—This drill hole was targeting surface mineralization recorded northeast of the 4-T Trend. Mineralization was recorded from 30.5-meters to 47.3-meters with an elevated silver zone returning 6.1-meters of 0.3 g/t Au and 47 g/t Ag including, 1 .5-meters of 0.6 g/t Au and 185 g/t Ag. A 3-meter-wide fault with iron-oxide alteration was intersected at 108.3-meters. Follow-up work is warranted to fully evaluate the trend.
- JES-22-67—This drill hole was targeting elevated surface mineralization recorded northeast of the 4-T Trend. High-grade gold mineralization ( 1.5-meters of 7.6 g/t Au ) recorded from surface could be partially sourced from alluvial enrichment along road corridors, indicating a broader source of mineralization in the area. Three quartz-sericite veins with pyrite were intersected at 128.1-meters to 145.0-meters, 160.0 to 164.7-meters and 192.0 to 198.0-meters. Although no significant mineralization was recorded within these veins, the presence of significant veining and alteration suggests the trend has exploration potential. Follow-up work is warranted to fully evaluate the trend.
- JES-22-68—This drill hole was targeting the 4-T Extension, 100-meters southeast of where surface sampling of artisanal workings returned 6.6 g/t Au and 433 g/t Ag . Quartz-sericite veins with pyrite were intersected at 45.8 to 58.0-meters, 147.9 to 151.5-meters and 189.1 to 190.7-meters. Although no significant mineralization was recorded the structure and alteration intersected indicate potential for significant mineralization continues along this trend. Results for JES-22-69, 100-meters to the northwest are pending.
The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 22,000 meters of drilling has been completed to date.
Tocvan, an exploration development company, was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success.
Contact the author at jon.hopkins@proactiveinvestors.com