Tocvan Begins Trenching Material for the Pilot Mine and Pushes Ahead With Infrastructure Development

Executive Summary

• Tocvan Ventures has begun trenching and site preparation for feed material to its fully permitted 50,000‑tonne Gran Pilar Pilot Mine, including clearing for a heap‑leach pad and containment ponds.
• Local community council approval was obtained, strengthening the company’s social licence and enabling continued infrastructure work.
• Ongoing surface sampling, channel sampling, and maiden drilling in the North Block are generating encouraging gold‑silver intercepts; first drill results are expected early 2026.

Key Details

• Pilot Mine Site Work: Trenching for feed material started on the Gran Pilar South Block; dozer cuts opened for channel sampling and ground leveling to accommodate processing equipment, access roads, leach pads, and containment ponds.
• Community Approval: Received formal approval from the local community council for Pilot Mine development, confirming compliance with Mexican regulations that require active community involvement.
• Infrastructure Progress: Clearing and leveling activities are underway to support the 50,000‑tonne pilot production facility; work aligns with recent positive surface sampling results from the North Block.
• Exploration Activities:
• Channel sampling across key target areas initiated to provide bulk‑sampling data for resource delineation.
• Maiden drilling program in the North Block is ongoing; first assay results anticipated early 2026.
• Recent surface and soil samples have returned high grades (e.g., up to 19.4 g/t Au over 3.1 m, 136 g/t Ag over 10.7 m).
• Historical Drill Highlights (for context):
• 2025 Diamond drilling: 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 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).
• Metallurgical Results: Bulk sample testing showed 62 % gold recovery over a 46‑day leach, with head grades of 1.9 g/t Au and 7 g/t Ag; agitated bottle‑roll tests achieved 80 % gold and 94 % silver recovery in 24 hours. Additional gravity‑leach studies reported up to 99 % Au and 97 % Ag recoveries on composite samples.
• Future Plans: Additional geophysical surveys, expanded sampling, and further drilling are scheduled over the coming months to advance both South and North Blocks toward near‑term production.

Notable Quotes

“We are thrilled to have solidified this partnership with our neighboring communities… This engagement not only strengthens our social license to operate but also positions us for efficient progress toward near‑term production at Gran Pilar.” – Brodie Sutherland, CEO