Tocvan Announces Addition of Second Drill Rig and Accelerates High-Priority Drill Targets at Flagship Gran Pilar Gold-Silver Project

• On 8 Apr 2026 Tocvan announced that a second reverse‑circulation (RC) drill rig arrived and is now operational at its flagship Gran Pilar Gold‑Silver Project in Sonora, Mexico.
• The added rig will double monthly drilling meterage, allowing parallel work on:
• Resource expansion (infill drilling),
• New high‑priority step‑out targets across the South Block,
• Data generation for near‑term pilot‑mine planning and a maiden resource estimate.
• Recent drill results highlighted in the release include 22.9 m @ 0.6 g/t Au (including 6.1 m @ 1.6 g/t Au) from surface, plus several other high‑grade zones (e.g., El Mezquite, Central Target).
• CEO Brodie Sutherland emphasized that the extra rig “positions us to rapidly scale our exploration efforts… generate critical data to support our near‑term pilot mine facility and maiden resource estimate.”

Aspect	Evaluation
Novelty	The deployment of a second drill rig is new; prior updates only mentioned a single rig.
Scale	Doubling drilling capacity directly accelerates the 20,000 m fully‑funded program and shortens the timeline to a resource estimate – a key catalyst for valuation.
Grade/Resource Implication	High‑grade intercepts already disclosed; the new rig enables systematic testing of those zones and adjacent targets, reducing geological risk.
Capital Efficiency	The program is fully funded (previous $10 M bought‑deal financing). No immediate cash outlay is required for the additional rig, limiting dilution risk.
Market Reaction Expectation	Investors typically reward operational acceleration that de‑risks a flagship project, especially when coupled with near‑surface high‑grade hits. The news is beyond routine program updates → Material – Positive.

Tocvan Ventures Corp. focuses on the Gran Pilar Gold‑Silver Project (≈22 km²) in Sonora, Mexico. The property hosts: - A historic Main Zone with multiple >20 g/t Au intercepts. - Expanding South Block mineralization (new gold‑silver zones, high‑grade surface hits). - Underexplored North Block alteration zone with epithermal silver potential. The company is advancing a 50,000 t/yr pilot heap‑leach plant and aims for a maiden NI 43‑101 resource in 2026‑2027.