Tocvan Ventures drills 4.58 m of 35.7 g/t Ag at Gran Pilar

Executive Summary

• Tocvan Ventures released maiden drill results from the North block of its Gran Pilar project, highlighting a high‑grade silver interval of 4.58 m at 35.7 g/t Ag (including 1.5 m at 91.6 g/t Ag).
• Three of five holes intersected >1 oz/ton Ag across two targets spaced 1.8 km apart, with multiple additional composites grading 15‑20 g/t Ag and accompanying base‑metal enrichments.
• A second drill rig has been contracted for February to accelerate follow‑up drilling, underscoring the company’s intent to rapidly expand the newly identified silver‑rich epithermal system.

Key Details

• Overall Intercepts: 25 silver‑rich composite intervals (>10 g/t Ag) were identified in the five holes.
• Top Silver Interval (JES‑25‑124): 4.58 m @ 35.7 g/t Ag; includes 1.5 m @ 91.6 g/t Ag, located ~200 m below historic artisanal workings that returned up to 3.2 g/t Au and 1,225 g/t Ag.
• Additional High‑Grade Intercepts:
• JES‑25‑125 – 1.5 m @ 54.3 g/t Ag.
• JES‑25‑127 – 1.5 m @ 37.2 g/t Ag, 1.2 % Pb, 0.4 % Zn.
• Other Notable Intercepts: Multiple 3–5 m composites grading 15–20 g/t Ag with coincident Au, Zn, Pb, Sb enrichments.
• Structural Controls: High‑grade silver hosted in silicified andesitic dikes; strong sericite‑chlorite‑carbonate alteration (AI/CCPI) delineates fluid pathways.
• Exploration Model: Intersections lie within the central portion of a low‑sulphidation epithermal system, consistent with textbook hydrothermal signatures.
• Follow‑Up Plan:
• Step‑out drilling along the JES‑25‑124 dike corridor (strike and downdip).
• Systematic testing of shallow polymetallic intervals at JES‑25‑126.
• Expanded alteration mapping, AI‑CCPI zonation, drone magnetic survey integration, and 3‑D geological modelling.
• Drilling Logistics: Second drill rig secured with Canmex Drilling for February to accelerate priority target work.
• Metallurgical Highlights (contextual): Bulk sample testing shows up to 99 % Au recovery and 97 % Ag recovery; high‑grade silver intervals are supported by strong base‑metal recoveries (73–97 % Ag).

Notable Quotes

“These first holes at the North block immediately confirm a new silver discovery over five kilometres from our Main zone… With multiple stacked intervals across several holes, we are rapidly building confidence that Gran Pilar has the grades, continuity and scale potential to make this an exciting new growth area for Tocvan.” – Brodie Sutherland, CEO

All technical information reviewed and approved by Mr. Brodie Sutherland, qualified person (NI 43‑101).