By Lukas Kane
Yesterday an article was posted about Tocvan Ventures Corp. (CSE: TOC; Frankfurt WKN: A2PE64) published on Equity.Guru, which has been freely translated into German:
On October 15, 2020, Tocvan Ventures (TOC.C) expanded its conclusions from its recent engineering studies, “which focused on the identification of a Phase 1 program of well targets on the Pilar gold-silver project in Sonora, Mexico “.
“Tocvan’s Pilar gold project is located along the historic Sonoran gold prospect in the Sierra Madre Occidental geological province,” said Equity Guru’s Greg Nolan on May 14, 2020, “The project is road accessible and is located approximately 140 km southeast of the city of Hermosillo .
Sonora is a mine-friendly region that is steeped in mining culture. Sonora currently accounts for almost 37% of Mexico’s annual gold production (the country’s largest gold contribution).
Tocvan initially earns 51% in Pilar from Colibri Resource Corp (CBI.V) through a series of staggered payments – Cash and Tocvan common stock – over a 5 year period with increasing work commitments as the earn-in period falls due ($ 2M total) “.
“As noted in the latest press release dated September 29, 2020, several significant conclusions were drawn,” said Tocvan: “One of them is the interpretation of a sub-vertical, 100 m wide pipe-like feature in the east-central part of the Property, this characteristic possibly being a “Breccia Feed Canal” (“breaccia feeder pipe”) in connection with epithermal mineralization.
Breccia pipes are structures made of brecciated rock with a long vertical and almost elliptical horizontal orientation.
Brecciated structures have always attracted the interest of miners and geologists, “explains the Geology Department at Bolyai University,” because of their high metallic potential.
In the southeastern portion of the property, geochemical analysis identified a 2nd circular feature that may also be a tubular feature. Both tubular features follow the northwest to southeast main shear structure that runs across the property.
The pipe structures correlate with the survey results with high silver content in the soil (317 g / t silver) and with high silver content in the rock (323 g / t silver).
The Pilar gold-silver property is interpreted as a structurally controlled epithermal project with low sulphidation.
Hydrothermal fluids that host gold, silver, and other elements can transform into mineralized veins within the structures and surrounding host rock.
In the northwest portion of the property, historical surface work and drilling has identified 3 zones of mineralization known as the Main Zone, North Hill and 4 Trench.
More than 17,700 meters of drilling has been completed by previous operators (lengths reported are drilling widths):
– 0.73 g / t gold over 40 meters
– 0.75 g / t gold over 61 meters
– 17.3 g / t gold over 1.5 meters
– 5.27 g / t gold over 3 meters
– 53.47 g / t Au and 53.4 g / t silver over 16 meters
– 9.64 g / t gold over 13 meters
– 10.6 g / t Au and 37.8 g / t silver over 9 meters
2,650 m earth surface and excavation rock samples:
– 55 g / t gold over 3 meters
– 28.6 g / t gold over 6 meters
– 3.39 g / t gold over 50 meters
Significant results of a surface survey of rock samples across the property are highlighted below:
On November 26, 2019, Tocvan changed its contract with Colibri and gave TOC the option to purchase the additional 49% interest by making an additional payment of $ 2 million to Colibri within 6 months of fulfilling a number of contractual obligations.
At that point, gold was trading at a price of $ 1,600.
Today gold is trading at $ 1,910 / ounce – the timing for this contract realignment was therefore well chosen.
A month ago Tocvan President and CEO Derek Wood spoke with Steve Darling of Proactive Vancouver about the upcoming drill program.
“These are expansion and confirmation holes,” Wood confirmed in the Proactive video below. “When we began due diligence on the property, we were attracted to the fact that there had already been a significant amount of drilling, but all of them were concentrated on one part of the property. We feel like there is a resource there. After this round of drilling, we plan to take a bulk sample and then look at some mine designs.
Tocvan believes that the Company may have discovered a second parallel mineralized gold and silver trend east of the drilled area and a new high grade silver zone designated the East Zone.
“Pipes and brecciated pipes are important features in epithermal gold-silver deposit models,” said Tocvan, “and may contain bonanza gold and silver grades.”
– Lukas Kane
Full Disclosure: Tocvan is an Equity Guru Marketing Client.
Lukas Kane is the pen name of Vancouver-based filmmaker, investor, and writer Guy Bennett. Guy Bennett previously served as CEO of a North American investment news syndicate and communications director for a consortium of extractive companies. Throughout his career, he has visited copper mines in the Antofogasta desert in Chile, potash projects in Saskatchewan, cannabis laboratories in California and clothing factories in Shenzhen, China. He has also written a film and a book, and sold a project to a Chinese film studio. As a rudimentary Mandarin speaker, Mr. Bennett’s passions are family, writing, and football.
Source: Equity.Guru company details
Tocvan Ventures Corp.
Suite 1150 Iveagh House,
707 – 7th Avenue S.W.
Calgary, Alberta, Canada T2P 3H6
Shares in the market: 24,447,537
Canada Symbol (CSE): TOC
Current Price: $ 0.385 CAD (10/15/2020)
Market Personal-Financial.comization: $ 9M CAD
Germany Symbol / WKN (Frankfurt): TV3 / A2PE64
Current Price: € 0.256 EUR (10/16/2020)
Market capitalization: € 6 million
Stephan Bogner (Dipl. Kfm.)
8260 Stein am Rhein, Switzerland
Disclaimer: Full disclosure by Equity Guru: Tocvan is an Equity Guru Marketing Client. Please read the full disclaimer in the full Research Report as a PDF on the Rockstone Research website, as fundamental risks and conflicts of interest prevail. The author, Stephan Bogner, owns shares in Tocvan Ventures Corp. and is paid for the local execution and distribution. Although the author is not commissioned and paid directly by the company, payment is made by third parties, so that there is a clear conflict of interest.
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