Tocvan Ventures preparing Gran Pilar for pilot mining

Executive Summary

• Tocvan Ventures is advancing pilot‑mine preparation at the Gran Pilar gold‑silver project and has mobilized a drill rig to commence condemnation, infill and step‑out drilling on the South Block.
• The company reports numerous historic drill intercepts (e.g., 19.4 g/t Au over 3.1 m, 136 g/t Ag over 10.7 m) and recent bulk‑sample metallurgical results showing up to 99 % gold recovery and 97 % silver recovery.
• Environmental compliance work is underway (water monitoring wells, magnetic drone survey) and assay results from new North‑block holes and channel samples are pending, expected in February.

Key Details

• Site preparation: Access road (4.8 km) completed; drill pads installed; site fenced; essential equipment positioned for pilot production.
• Environmental monitoring: Installation of water‑monitoring wells; magnetic drone survey on North block to be finalized this week, results due February.
• Drilling program:
• Condemnation drilling and clearance activities initiated.
• Targeted infill/step‑out drilling on South Block to expand mineral resources.
• Drill rig returned to site this week to begin the next phase of exploration.
• Historic drill intercepts (selected):
• South Block – 19.4 g/t Au over 3.1 m (Feb 25 2025)
• South Block – 5.4 g/t Au over 6.1 m (May 7 2025)
• South Block – 136 g/t Ag over 10.7 m (June 25 2025)
• North alteration zone – 5.6 g/t Au & 106 g/t Ag (Oct 19 2023)
• Historic mine sample – 3.2 g/t Au & 1,225 g/t Ag (Mar 8 2024)
• Recent drilling highlights:
• Diamond drilling (2025): 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au).
• RC drilling (2025): 106.8 m @ 0.6 g/t Au (incl. 3.1 m @ 19.4 g/t Au).
• Bulk sample metallurgical results:
• 62 % gold recovery over a 46‑day leach; 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.
• Additional metallurgical studies:
• Gravity + agitated leach on composite samples: 95–99 % Au recovery; 73–97 % Ag recovery.
• Drill‑core composite (120 m depth): 99 % Au & 73 % Ag recovery.
• Assay results pending: Initial North‑block drill holes and recent channel sampling from newly opened areas of both blocks; expected February.

Notable Quotes

“We are excited with the momentum building at Gran Pilar as we move toward pilot production and further resource delineation,” said Brodie Sutherland, CEO of Tocvan Ventures. “Our team has worked diligently to position the project for success, and we look forward to sharing the pending results with our stakeholders.”