Tocvan Announces Maiden Drill Program Underway at North Block Gran Pilar Gold-Silver Project

Executive Summary

• Tocvan Ventures has commenced its maiden drill program on the North Block of the Gran Pilar Gold‑Silver Project, with site preparation complete and an initial 2,000 m of drilling underway.
• Early surface sampling returned high‑grade results (5.6 g/t Au & 106 g/t Ag over 2 m; historic workings 3.2 g/t Au & 1,225 g/t Ag).
• Three additional mineralized targets have been identified, and the company remains fully permitted for >30,000 m of drilling, targeting 3,000‑5,000 m by Q4 2025 across both North and South Blocks.

Key Details

• Drill Program Scope: Target zone 3.2 km × 1.5 km on the North Block; initial phase 2,000 m planned, with an additional 3,000 m proposed.
• Site Preparation Completed: Road access improvements and first drill pads installed.
• Surface Sample Highlights (North Alteration Zone):
• 2‑m chip sample – 5.6 g/t Au, 106 g/t Ag.
• Historic mine working sample – 3.2 g/t Au, 1,225 g/t Ag.
• New Mineralized Targets: Three targets discovered with historic underground workings; features include vein breccia, phyllic & argillic alteration, quartz veining up to ~60 m wide.
• Permitting Status: Fully permitted for >30,000 m of drilling across the Gran Pilar project.
• Drilling Schedule Goal: Complete 3,000‑5,000 m of drilling by end of Q4 2025 on both North and South Blocks.
• Integration of Data Sets: Program combines geophysical surveys, surface mapping, and geochemical sampling to refine drill targeting.
• CEO Quote: “We are thrilled with the early progress… we anticipate meaningful results that could expand our resource potential.” – Brodie A. Sutherland, CEO.
• Historical Drill Highlights (for context):
• 2025 Diamond: 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au).
• 2024 RC: 42.7 m @ 1.0 g/t Au (incl. 3.1 m @ 10.9 g/t Au).
• 2022 Phase III Diamond: 116.9 m @ 1.2 g/t Au (incl. 10.2 m @ 12 g/t Au & 23 g/t Ag).
• Metallurgical Results (summary): Bulk sample shows 62 % gold recovery; head grade 1.9 g/t Au, 7 g/t Ag; fine‑fraction tests indicate up to 99 % Au and 97 % Ag recovery.

Notable Quotes

“We are thrilled with the early progress of our maiden drill program at the North Block… we anticipate meaningful results that could expand our resource potential.” – Brodie A. Sutherland, CEO

Materiality Assessment: Material – Positive (significant operational advancement and high‑grade assay results indicating potential expansion of resources).