Tocvan Ventures adds second RC drill rig at Gran Pilar

• On April 6‑8 2026 Tocvan mobilized a second reverse‑circulation (RC) drill rig to the flagship Gran Pilar Gold‑Silver project in Sonora, Mexico.
• The additional rig doubles monthly metreage capacity, allowing parallel drilling of several high‑priority targets across the South Block.
• The 20,000 m drill program is fully financed; the new rig enables faster data collection for a near‑term pilot mine and maiden resource estimate.
• Highlights include recent intercepts such as 22.9 m @ 0.6 g/t Au (incl. 6.1 m @ 1.6 g/t Au & 13 g/t Ag) from surface, plus historic high‑grade zones (>19 g/t Au).
• CEO Brodie Sutherland emphasizes that the rig addition “positions us to rapidly scale our exploration efforts… generate critical data to support our near‑term pilot mine facility and maiden resource estimate.”

• Scope: The news adds a tangible operational capability (second rig) that directly accelerates the core 20,000 m drill campaign.
• Financial: No new capital raise is required; the program was already fully funded, so the announcement does not dilute shareholders but improves execution efficiency.
• Project risk: Parallel drilling reduces schedule risk and de‑risks the mineralised footprint by testing multiple targets simultaneously.
• Market reaction expectation: The market had anticipated a drill‑rig addition (previous updates on financing and rig mobilization). However, the concrete arrival of a second rig and its immediate operational status constitute new information that materially improves near‑term execution outlook—hence a Material – Positive rating rather than routine.
• Comparison to prior news: Earlier releases (Feb 2026 bought‑deal financing, Jan 2026 pilot‑mine preparation) set the financial foundation; this April update delivers the operational step needed to convert that foundation into data. The materiality is therefore higher than routine updates but does not yet qualify as a “game changer” like a major resource discovery or strategic partnership.

• Tocvan Ventures Corp. is a junior explorer focused on the Gran Pilar Gold‑Silver Project in Sonora, Mexico (≈22 km²).
• The project hosts a historic Main Zone and expanding South Block mineralisation, plus an underexplored North Block alteration zone.
• Objectives: deliver a maiden resource estimate, construct a 50,000‑tpa pilot heap‑leach plant, and transition to commercial production.