Tocvan Ventures Corp (TCVNF)

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$TCVNF $TOC.C Tocvan Outlines High-Grade Gold Results for Start of Diagnostic Leach Study; Stockpile of Bulk Sample Complete


https://www.accesswire.com/746380/Tocvan-Outlines-High-Grade-Gold-Results-for-Start-of-Diagnostic-Leach-Study-Stockpile-of-Bulk-Sample-Complete

Highlights

Precious Metal Diagnostic Leach Head Grade Results Return High-Grade Gold
Bulk Sampling and Plant Conditioning Completed
Coarse Free Gold Identified in Screened Material
Gravity Recovery Circuit Added for Testing
Video Discussion Link: Tocvan Ventures - Bulk Sample Progress Update *Free Gold Identified* - YouTube

CALGARY, AB / ACCESSWIRE / March 29, 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. Over 1,200 tonnes of material have been stockpiled, with first shipments of material completed. Crushing, screening circuit and laboratory setup is completed. Material crushing and screening has started. Foundation and drainage system for leach pad installation is ongoing. Separate to the Bulk Sample, head-grade results from the precious metal diagnostic leach tests have returned high-grade results with the five samples averaging 6.2 g/t Au, 7.6 g/t Au, 1.3 g/t Au, 11.1 g/t Au and 7.6 g/t Au respectively (see Table 1). Diagnostic leach tests are ongoing and were collected from four trench areas and one select drill core coarse reject sample. Preliminary results from the study suggest free gold is present in the samples and has been confirmed visually by testing sieved (<3/8") material. A gravity concentrator unit will be utilized to conduct formal testing for the presence and abundance of free gold in the finer grained fraction. At Pilar, trenching related to the bulk sample has unearthed several buried underground working entrances along quartz vein structures, another indicator of the robust mineralized system and a useful tool for mapping new high-grade structures.

"We are extremely pleased with the bulk sample progress so far and how quickly we are learning more about the robust mineralized system at Pilar," stated Brodie Sutherland, CEO. "All the material we need for the sample is now stockpiled. Through trenching and excavation for the sample we have unearthed historic workings that clearly were focused on higher-grade mineralization, this will provide us with key information to aid in future targeting. The new exposures are also giving us excellent structural data to enhance our modelling. We are also seeing free gold visible in the finer fraction of sample material which we will evaluate further. In addition, the first results highlighting the head-grade for samples collected for diagnostic leach have returned very encouraging results. We look forward to updating shareholders as we progress."