Tocvan Advances Drilling, Trenching, and Pilot Mine Preparation, Mobilizing Equipment to North and South Blocks at Gran Pilar Gold-Silver Project

Executive Summary

• Tocvan Ventures mobilized equipment and the first drill rig to both the North and South Blocks of its Gran Pilar Gold‑Silver Project, enabling upcoming drilling, trenching, and pilot‑mine preparation.
• The company outlined a near‑term drilling schedule (≈2,000 m on North Block, ≈8,000 m on South Block) with a target of 3,000–5,000 m total by the end of Q4 2025.
• Recent historic drill and bulk‑sample results demonstrate high‑grade gold‑silver intercepts (e.g., 19.4 g/t Au over 3.1 m, 136 g/t Ag over 10.7 m), supporting the project's upside potential.

Key Details

• Mobilization: Equipment moved to North and South Blocks; first drill rig positioned in the North Alteration Zone.
• Planned Drilling Programs:
• North Block – initial 2,000 m program (targeting newly identified alteration zones).
• South Block – initial 8,000 m program supporting pilot‑mine development.
• Goal of completing 3,000–5,000 m of drilling by end‑Q4 2025.
• Permitting: Company holds permits for 67 trenches, >30,000 m of drilling and a 10‑year pilot‑mine facility on 100 % controlled ground.
• Road & Trenching Work: Bulldozers to improve road access, clear sites, and expose key mineralized zones on both blocks.
• Future Milestones (as disclosed):
• Completion of road upgrades and trenching results (South Block).
• Commencement of full‑scale drill programs on both blocks.
• Geophysical survey completion and data interpretation for North Block.
• Ongoing surface geochemical, geological, structural mapping and sampling.
• Historical Drill Highlights (for context):
• 2025 Diamond: 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au).
• 2025 RC: 106.8 m @ 0.6 g/t Au (incl. 3.1 m @ 19.4 g/t Au).
• 2022 Phase III Diamond: 116.9 m @ 1.2 g/t Au (incl. 10.2 m @ 12 g/t Au) and 23 g/t Ag.
• Bulk Sample Metallurgy:
• 62 % gold recovery over 46‑day leach; head grade 1.9 g/t Au, 7 g/t Ag.
• Agitated bottle‑roll test: 80 % Au and 94 % Ag recovered in 24 h.
• Gravity‑leach composites showed 95–99 % Au and 73–97 % Ag recovery.
• Funding: Company states it remains funded for the outlined activities.

Notable Quotes

“We are excited to ramp up operations at Pilar with this mobilization, which sets the stage for a transformative phase of exploration and production,” – Brodie A. Sutherland, CEO, Tocvan Ventures Corp.

Materiality Assessment: Material – Positive (the operational mobilization and detailed near‑term drilling plan represent a material development that could positively impact shareholder value).