Tocvan Announces Initial Findings From Drone Magnetic Survey At Gran Pilar Gold-Silver Project: Discovery Of Structural Complex In South Block Aligns With Permitted Drill Targets

Executive Summary

• Drone‑based airborne magnetic survey identified a 2 km × 2.5 km structural complex in the South Block of Gran Pilar, strongly correlated with high‑grade surface geochemistry.
• The new geophysical targets expand the drillable footprint and support upcoming fully permitted drilling and trenching programs.
• Company reiterates strong balance sheet and plans to commence field work (drilling, trenching, additional sampling) shortly, underscoring a positive outlook for further gold‑silver discoveries.

Key Details

• Survey covered ~224 line‑km of the Gran Pilar property, mapping subsurface structures and magnetic anomalies.
• Structural Complex: Prominent intersecting fault corridor spanning 2.0 × 2.5 km with magnetic signatures indicative of magmatic activity.
• Geochemical Correlation: Aligns with historic surface assays up to 21.2 g/t Au and >2,000 g/t Ag, suggesting deeper mineralization potential.
• New Targets Generated: Extensions of the known Placer Corridor; additional unnamed anomalies east/southeast awaiting mapping and sampling.
• Upcoming Work: Full dataset processing for North Block underway; surface sampling ongoing; drilling and trenching to start “shortly.”
• Balance Sheet Comment: Company states it remains well‑positioned financially with 100 % controlled ground, enabling efficient execution of the program.

Recent Drill Highlights (contextual background)

• 2025 Diamond Drilling: 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au); 97.4 m @ 0.7 g/t Au; 64.9 m @ 1.2 g/t Au (incl. 3.0 m @ 21.6 g/t Au & 209 g/t Ag).
• 2025 RC Drilling: 106.8 m @ 0.6 g/t Au (incl. 3.1 m @ 19.4 g/t Au); 41.2 m @ 1.0 g/t Au (incl. 6.1 m @ 5.4 g/t Au).
• Historic core & RC drilling totals ~15,000 m with multiple high‑grade intercepts (e.g., 21 m @ 38.3 g/t Au & 38 g/t Ag).

Metallurgical Summary (supporting data)

• Bulk sample: 62 % gold recovery; head grade 1.9 g/t Au / 7 g/t Ag; extracted grade 1.2 g/t Au / 3 g/t Ag.
• Agitated bottle‑roll test: 80 % Au & 94 % Ag recovery in 24 h.
• Gravity‑leach tests: 95–99 % Au and 73–97 % Ag recoveries on composite samples, including deep drill core material.

Notable Quotes

“We are thrilled with the early outcomes of this drone magnetic survey, which not only validates our geological model but also uncovers exciting new opportunities in the underexplored South Block,” – Brodie Sutherland, CEO

All boilerplate, forward‑looking statements and company background have been omitted for brevity.