Tocvan Ventures recaps 2025 work

Executive Summary

• Tocvan Ventures reported a transition from exploration to development in 2025, highlighted by multiple high‑grade gold and silver intercepts and the receipt of key permits for a 50,000‑tonne pilot mine facility.
• Record drilling results included 10.3 g/t Au over 9.7 m (core) and 136 g/t Ag over 10.7 m (RC), confirming robust mineralization at depth and near surface.
• The company secured financing, appointed a head of corporate development, completed bulk‑sample metallurgical testing with up to 99 % gold recovery, and advanced trenching and infrastructure work toward pilot production in 2026.

Key Details

• Drilling breakthroughs
• Feb 25: RC drill – 106.8 m @ 0.6 g/t Au, including 3.1 m @ 19.4 g/t Au (6 m from surface).
• Mar 11: Core drill – 9.7 m @ 10.3 g/t Au within 83.5 m @ 1.3 g/t Au; also 60.6 g/t Au over 1.6 m.
• May 7: RC drill – 41.2 m @ 1.0 g/t Au, including 6.1 m @ 5.4 g/t Au (20 m from surface).

• Jun 24: RC drill – 42.7 m @ 41 g/t Ag from surface, including 10.7 m @ 136 g/t Ag (4.4 oz/ton) (mine void intersected).

• Permit milestones

• Jul 30: Permit approval for all drilling and extraction activities at Gran Pilar.

• Aug 14: Full 10‑year permit for a 50,000‑t pilot heap‑leach pad and associated 4.5‑ha infrastructure.

• Corporate actions

• Aug 20: Appointment of Christopher Gordon as Head of Corporate Development.

• Secured “significant financing” (details not disclosed) to fund continued growth and development.

• Exploration expansion

• Surface sampling of >130 channel samples across new South block targets.
• Airborne magnetics survey (Sept 16) and drone magnetic survey (Oct 7) identified structural complexes guiding future drill targets.

• New target discoveries in North Alteration zone (Oct 9) and additional historic‑workings targets (Oct 23).

• Pilot mine preparation

• Dec 22: Commenced trenching of material for pilot‑mine feed; community approval obtained for infrastructure work.

• Metallurgical results

• Bulk sample leach – 62 % Au recovery over 46 days; head grade 1.9 g/t Au & 7 g/t Ag, extracted grade 1.2 g/t Au & 3 g/t Ag.
• Agitated bottle‑roll test – 80 % Au and 94 % Ag recovery after 24 h.

• Gravity/agitated leach on composite samples – 95‑99 % Au recovery; 73‑97 % Ag recovery (including 99 % Au & 73 % Ag from 120‑m depth core).

• Additional highlights

• Maiden drill program launched on a 3.2 km × 1.5 km zone in the North block (Nov 12).
• Positive surface sampling results reported (Dec 4).

Notable Quotes

“Two thousand twenty‑five has been a banner year for Tocvan, with exceptional drilling results, strategic discoveries and regulatory milestones that pave the way for near‑term production at Gran Pilar,” – Brodie Sutherland, CEO.

The release contains extensive operational metrics, high‑grade intercepts, permitting achievements, financing, and metallurgical data that are material and positive for Tocvan Ventures Corp.