Tocvan Announces Discovery of New Target with Historic Underground Workings in North Alteration Zone at Gran Pilar Gold-Silver Project

Executive Summary

• Tocvan Ventures announced the discovery of a new mineralized zone within the North Alteration Zone (NAZ) at its flagship Gran Pilar Gold‑Silver Project in Sonora, Mexico.
• Surface mapping and rock‑chip sampling revealed high‑grade intercepts up to 5.6 g/t Au and 106 g/t Ag over 2 m, with historic underground workings confirming vein breccia mineralization.
• The company plans immediate trenching, detailed mapping and drilling to define the zone’s extent and grade, supporting its near‑term production strategy.

Key Details

• New Target: Located in the middle of the 3.2 km‑long NAZ; 80 m exposed historic underground workings and waste piles of silicified vein breccia material identified.
• Sampling Results (pending): Channel and grab samples collected; initial chip sample from outcrop returned 5.6 g/t Au and 106 g/t Ag over 2 m.
• Proximity to Existing Drill Targets:
• 800 m SW of a permitted drill target that previously intersected 3.2 g/t Au and 1,225 g/t Ag.
• 1,100 m NE of another permitted target with a historic chip sample of 5.6 g/t Au and 106 g/t Ag.
• Geological Context: NAZ is part of the broader Greater Pilar system, exhibiting epithermal alteration typical of major gold‑silver deposits; lies 5 km north of the Main Zone where prior drilling returned 94.6 m @ 1.6 g/t Au.
• Planned Work: Follow‑up trenching, detailed surface mapping and drilling to commence shortly; integration of new magnetic dataset for target prioritization.
• Infrastructure: Full permits secured for a 50,000‑tonne heap leach facility; 100 % controlled ground for upcoming work.
• Company Position: Strong balance sheet, dedicated local team, and ongoing pilot‑mine production preparation.

Notable Quotes

“This discovery marks a pivotal step in unlocking the full potential of the North Alteration Zone, which remains largely undrilled and underexplored,” said Brodie Sutherland, CEO.
“The presence of historic workings in this 2‑kilometer corridor underscores the area’s prospectivity and ties directly into our ongoing expansion strategy.”