Tocvan plans sampling, mapping at El Picacho

Nov 15, 2021

2021-11-15 07:18 ET – News Release

Mr. Brodie Sutherland reports

TOCVAN ANNOUNCES EXPLORATION PLANS FOR EL PICACHO AU-AG PROJECT SONORA, MEXICO

Tocvan Ventures Corp. has provided the exploration plans for its El Picacho gold-silver project in Sonora, Mexico. El Picacho was a recent acquisition with the company negotiating the assignment of the option agreement from Millrock Resources. Five primary target areas (San Ramon, Cornea, Jabali, Puerto and Tortuga) have been identified to date combining for over six kilometres of prospective trend. The project is fully permitted for 1,995 metres of trenching, 60 drill holes (up to 15,000 m) and 2.2 kilometres of access roads. The permit is a critical piece to the advancement of El Picacho and will allow Tocvan to scale up exploration as needed. The company remains focused on its advanced-stage Pilar gold-silver project, however, the high prospectivity of El Picacho warrants further investigation.

2021/2022 exploration plans

Target evaluation;
Surface sampling and detailed target mapping;
Trenching and channel sampling of priority targets:
- San Ramon (permitted up to 800 m);
- Cornea (permitted up to 800 m);
- Jabali (permitted up to 400 m).
Drill targeting (permitted for up to 15,000 m in 60 drill holes across the five primary target areas).

“As we look to continue the advancement of our Pilar project we are equally excited to begin exploration at El Picacho,” commented vice-president of exploration, Brodie Sutherland. “El Picacho is an important acquisition for Tocvan as we look to expand our portfolio of quality gold-silver assets in Sonora. The Caborca orogenic belt is host to major gold and silver producing mines and we believe the geology and structural features at El Picacho are favourable to the orogenic gold model. To date, five primary target areas have been defined showing excellent potential from surface rock and channel sampling. Each target area has several historic mine workings along key structures further confirming the potential for a broad mineralized system. The majority of these targets have never been drill tested, and we look forward to advancing these targets to drill-ready status over the next year.”

About the El Picacho property

The El Picacho gold-silver property is interpreted as a orogenic gold system within the regional Caborca orogenic gold belt known for producing gold mines that include La Herradura and San Francisco. The project is 140 kilometres north of Hermosillo and totals 2,414 hectares.

Five primary zones of mineralization have been identified across the property totalling over six kilometres of prospective trends. Surface sampling has identified high-grade gold and silver values. The five primary target areas are summarized below:

San Ramon:
- 1.4 km prospective trend;
- Several historic mine workings associated with low angle faults;
- Historic drill highlights (both were reconnaissance holes with no follow-up):
  - Drill hole PD-01 — 7.6 m at 0.73 gram per tonne Au, including 3.0 m at 1.37 g/t Au;
  - Drill hole RCP-02 — 10.7 m at 0.67 g/t Au, including 4.6 m at 1.4 g/t Au.
- Rock sampling highlights:
  - 22 g/t Au and 22 g/t Ag;
  - 16 g/t Au and 26 g/t Ag;
  - 14 g/t Au and 83 g/t Ag.
Cornea:
- 2.3 km prospective trend;
- Historic mine workings up to 30 metres deep along shear zones;
- Rock sampling highlights:
  - 26 g/t Au and 340 g/t Ag;
  - 15 g/t Au and 66 g/t Ag;
  - 15 g/t Au and 29 g/t Ag.
Jabali:
- 0.5 km prospective trend;
- Historic mine workings among low-angle thrust faults;
- Rock sampling highlights
  - 32 g/t Au;
  - 28 g/t Au and 10 g/t Ag.
El Puerto:
- 1.2 km prospective trend;
- Historic mine workings along vertical shear zones hosted within a banded gneiss;
- Rock sampling highlights:
  - Eight g/t Au and 10 g/t Ag;
  - 6.5 g/t Au and 176 g/t Ag.
Tortuga:
- 1.0 km prospective trend;
- Historic mine workings in Jurassic metasediments surrounded by mineralized biotite gneiss;
- Rock chip sampling highlights:
  - Two m at 4.4 g/t Au and 46 g/t Ag.

Brodie A. Sutherland, PGeo, vice-president of exploration for Tocvan Ventures and a qualified person (QP) as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration development company. Tocvan 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. Tocvan has approximately 31 million shares outstanding and is earning into two exciting opportunities in Sonora, Mexico: the Pilar gold-silver project and the El Picacho gold-silver project. Management feels both projects represent tremendous opportunity to create shareholder value.

We seek Safe Harbor.

https://tocvan.com/