Tocvan Ventures begins drilling at Gran Pilar North block

Executive Summary

• Tocvan Ventures has commenced its maiden drill program on the North block of the Gran Pilar project, targeting a 3.2 km × 1.5 km zone with strong geochemical and geological indicators.
• Initial surface sampling returned high‑grade results (e.g., 5.6 g/t Au & 106 g/t Ag over 2 m; historic workings 3.2 g/t Au & 1,225 g/t Ag).
• The company is permitted for >30,000 m of drilling and plans to complete 3,000–5,000 m by Q4 2025 across both North and South blocks, supporting near‑term production goals.

Key Details

• Program Scope: First‑ever drilling on the North block; target area 3.2 km × 1.5 km with strong mineralization indicators.
• Current Drilling Progress: Initial phase of 2,000 m underway; additional 3,000 m proposed.
• Site Preparation Completed: Road access improved; first drill pads established.
• Surface Sample Highlights:
• Two‑metre chip from North Alteration zone – 5.6 g/t Au & 106 g/t Ag.
• Historic underground working sample – 3.2 g/t Au & 1,225 g/t Ag.
• New Target Discoveries: Three additional mineralized targets identified with historic underground workings; vein breccia, phyllic/argillic alteration, quartz veining up to 60 m exposures.
• Permitting Status: Fully permitted for >30,000 m of drilling across the Gran Pilar project.
• Future Drilling Plan: Target total of 3,000–5,000 m by end‑Q4 2025 (North + South blocks).
• Integration with Other Activities: Ongoing surface geochemical sampling, geological mapping, and geophysical interpretation to refine drill targeting; parallel trenching and pilot‑mine preparation on the South block.
• Historical Drill Highlights (for context):
• 2025 diamond drilling – e.g., 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au).
• 2024 RC drilling – 42.7 m @ 1.0 g/t Au (incl. 3.1 m @ 10.9 g/t Au).
• 2022–2020 historic drilling – multiple intervals with >10 g/t Au and high Ag grades.
• Metallurgical Results (supporting project economics):
• Bulk sample: 62 % gold recovery; head grade 1.9 g/t Au & 7 g/t Ag.
• Gravity/agitated leach tests: up to 99 % Au and 97 % Ag recoveries on composite samples.

Notable Quotes

• “We are thrilled with the early progress of our maiden drill program at the North block, which represents a significant step in unlocking the full potential of the Greater Pilar system,” – Brodie A. Sutherland, CEO, Tocvan Ventures.

Materiality Assessment: Non‑Material – Positive (operational update with encouraging early results but no definitive resource or financial impact disclosed).