Tocvan Ventures Corp (TCVNF)

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$TCVNF Tocvan Provides Progress Report on Metallurgical Study and Bulk Sample. Extends Drill Permit at Pilar for Two Years

https://www.accesswire.com/743558/Tocvan-Provides-Progress-Report-on-Metallurgical-Study-and-Bulk-Sample-Extends-Drill-Permit-at-Pilar-for-Two-Years

Highlights

Samples Selected for Precious Metal Diagnostic Leach
Bulk Sampling and Metallurgical Plant Conditioning Ongoing
Local ISO Certified Lab, LTM selected for Analysis and Bulk Sample Quality Control
Permit Confirmed for an Additional Two-years of Drilling and Trenching at Pilar
CALGARY, AB / ACCESSWIRE / March 14, 2023 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to provide a progress update on its first bulk sample at the Pilar Gold-Silver Project in Sonora, Mexico. Material preparation and heap leach pad preparation are ongoing. Trenching and sample extraction at Pilar are ongoing. At the processing site, crusher and conveyor belt circuits have been brought online and are ready for testing. Ground conditioning is complete and ready for liner installation followed by gravel bed and drainage system setup. Laboratorio Technologico de Metalurgia (LTM) has been selected to oversee and quality check the progress of the bulk sample. LTM is an ISO Certified Lab based in Hermosillo with internationally trained and certified technical experts in metallurgical analysis. Concurrently with the bulk sample, a Precious Metal Diagnostic Leach study will be completed by LTM to assist in the understanding of gold characteristics and leach kinetics to optimize future process facilities. Five (5) - 10-kilogram samples collected from surface and drill core for the Precious Metal Diagnostic Leach study. Scope of work will include: 1) Head Grade Analysis; 2) Precious Metal Characterization (Results for each category to be provided: Free Gold; Exposed but Attached; Associated with Carbonates; Sulphide Associated; and Encapsulated in Siliceous Minerals).

In addition, the Company is also pleased to announce it has completed a renewed permit for Pilar. The permit is valid for two-years, allowing for nine trench areas and 83 drill pads at Pilar. The permit will provide access for planned infill and step-out drilling along the 1.2-kilometer trend that remains largely untested at Pilar.

"This is a very exciting time for us as we get ready for the first bulk sample of surface material from Pilar" stated Brodie Sutherland, CEO. "This will set the stage for moving Pilar towards development, showcasing the expected head grade and recovery blended across our key oxide zones. Having a local certified laboratory to assist in the metallurgical analysis and to quality check the results is just another added benefit of operating in a top mining jurisdiction. Gold characterization studies will guide us on improving recovery and understanding the mineralized system at Pilar. With the addition of being able to drill Pilar for another two-years, this completely opens the potential for defining more mineralization on a very prospective trend. We look forward on updating shareholders as the operation progresses."

About the Bulk Sample

Up to 1,000 tonnes of oxide-gold material will be extracted from select areas exposed at surface across the project area, focusing on the Main Zone and 4-T Trends where preliminary column leach studies have returned promising head-grade and recovery results. Bulk Sample material will be extracted and prepared for processing by heap-leach method at a private mining operation less than 25 kilometers to the west of Pilar. Information from the sample will aim to provide a more detailed account of expected head-grade and recovery percentage of gold along with providing key information to optimize future production facilities. The information provided from the sample will be used for planning in coordination for permitting of full-scale mine and process facilities on-site at Pilar.