Tocvan talks sampling from El Picacho historical data

Nov 12, 2022

2022-11-10 13:17 ET – News Release

Mr. Brodie Sutherland reports

COMPILATION OF HISTORIC SURFACE DATA AT THE JABALI PROSPECT, AT EL PICACHO PROJECT REPORTS AVERAGE 3.1 G/T AU, VALUES UP TO 32 G/T AU

Tocvan Ventures Corp. is continuing geological mapping and sampling at El Picacho at the Jabali prospect, an area with high-grade surface rock-chip and grab samples from exposed quartz-carbonate veins and artisanal workings.

Jabali prospect (El Picacho project) highlights:

Over 500-metre trend across two areas of significant high-grade gold mineralization;
17 of 80 (21 per cent) rock samples above five grams per tonne gold, ranging from 5.7 grams per tonne gold to 32 grams per tonne gold, averaging 12.8 grams per tonne gold;
39 of 80 (49 per cent) rock samples above 0.2 gram per tonne gold, averaging 6.4 grams per tonne gold;
Hosted in quartz-carbonate veining of unknown thickness exposed along artisanal workings, dipping shallowly to the west-northwest; mapping and sampling currently being completed;
Never drill tested, currently permitted for 10 drill pads.

Eighty samples from historic sample database compilation show a range between 0.01 gram per tonne gold to 32.0 grams per tonne gold, averaging 3.1 grams per tonne gold over a 500-metre trend. Detailed geological mapping and rock-chip and channel sampling are being conducted to advance the prospect to drill-ready status.

“With this being the first drill season at El Picacho for Tocvan, we are excited to update our shareholders on yet another prospective drill target — Jabali,” stated Brodie Sutherland, chief executive officer. “Jabali is over two kilometres from our priority drill area, San Ramon, and is characterized by a series of artisanal shafts and trenches along what appears to be a shallowly dipping quartz carbonate vein system. Jabali is already permitted for drilling and surface work is currently under way to move the prospect to drill-ready status. What is even more exciting is that these prospects only make up a fraction of our target areas, which include Murcielago, Tortuga, Virgen Maria, Cornea and Puerto.”

Marketing update

The company is pleased to report a successful trip to the International Precious Metals & Commodities Show November 4 th and 5 th in Munich, Germany. Tocvan presented to retail investors and small institutional funds on the Company’s Sonora projects and took part in a silver panel that included First Majestic, Silver One, Fortuna Silver, and Silver X.

Also the Company’s first New To The Street interview is live.

All broadcasted shows will stream on the New to The Street website, www . newtothestreet.com and New to The Street will provide social media marketing to further the reach of each broadcast airing. Broadcasts include, Newsmax (50 million households) , the Fox Business Network (95 million households) , and on Bloomberg TV (124 million households).

About the El Picacho Property

The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt known for producing gold mines that include La Herradura (>10 Moz Au) and San Francisco (>3 Moz Au). The project is 140 kilometers north of Hermosillo and only 18 kilometers southwest of the producing San Francisco Mine. The Project totals 24 square kilometers. Five primary zones of mineralization have been identified across the property totalling over six kilometers of prospective trends. Surface sampling and historic workings have identified high-grade gold and silver values. The project has only seen widely spaced reconnaissance drilling with no follow-up. Tocvan believes this provide an excellent opportunity for discovery of a muti-million ounce district.

About the Pilar Property

The Pilar Gold-Silver property has recently returned some of the regions best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Three primary 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. The Main Zone and 4-T trends are open to the southeast and new parallel zones have been recently discovered. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Mineralization extends along a 1.2-km trend, only half of that trend has been drill tested so far. To date, over 22,000 m of drilling has been completed.

2022 Phase III Diamond Drilling Highlights include ( all lengths are drilled thicknesses ):

116.9 metres of 1.2 g/t Au, including 10.2 metres of 12 g/t Au and 23 g/t Ag
108.9 metres of 0.8 g/t Au, including 9.4 metres of 7.6 g/t Au and 5 g/t Ag
63.4 metres of 0.6 g/t Au and 11 g/t Ag, including 29.9 metres of 0.9 g/t Au and 18 g/t Ag

2021 Phase II RC Drilling Highlights include ( all lengths are drilled thicknesses ):

39.7 metres of 1.0 g/t Au, including 1.5 metres of 14.6 g/t Au
47.7 metres of 0.7 g/t Au including 3 metres of 5.6 g/t Au and 22 g/t Ag
29 metres of 0.7 g/t Au
35.1 metres of 0.7 g/t Au

2020 Phase I RC Drilling Highlights include ( all lengths are drilled thicknesses

94.6 metres of 1.6 g/t Au, including 9.2 metres of 10.8 g/t Au and 38 g/t Ag;
41.2 metres of 1.1 g/t Au, including 3.1 metres of 6.0 g/t Au and 12 g/t Ag ;
24.4 metres of 2.5 g/t Au and 73 g/t Ag, including 1.5 metres of 33.4 g/t Au and 1,090 g/t Ag

15,000m of Historic Core RC drilling. Highlights include:

61.0 metres of 0.8 g/t Au
16.5 metres of 53.5 g/t Au and 53 g/t Ag
13.0 metres of 9.6 g/t Au
9.0 metres of 10.2 g/t Au and 46 g/t Ag

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 37 million shares outstanding and is earning 100% 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.

Brodie A. Sutherland, P.Geo., CEO for Tocvan Ventures Corp. and a qualified person (“QP”) as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

We seek Safe Harbor.

https://tocvan.com/