Tocvan Ventures – Tocvan Makes Discovery at El Picacho
Tocvan Drills 12.2m at 2.0 g/t Au and 7 g/t Ag within 44.2m at 0.6 g/t Au and Discovers Extension in 100-meter Step-Out from Historic Workings at El Picacho Gold-Silver Project.
Highlights
• 100-meter Step-out, Hole SRA-22-010 returned 44.2-meters of 0.6 g/t Au, from 41.2-meters depth
o including 12.2-meters of 2.0 g/t Au and 7 g/t Ag
o including 3.1-meters of 7.6 g/t Au and 9 g/t Ag
• Hole SRA-22-008 returned 16.8-meters of 0.5 g/t Au, from 21.4-meters
o including 4.6-meters of 1.8 g/t Au and 6 g/t Ag
• Best Result to Date in Step-out furthest from Historic Mine Workings and Surface Outcrop
• All drill holes contain quartz veining and alteration associated with robust mineralized systems
• 300-meters of strike tested with first phase of drilling, confirms exploration model of at and near-surface oxide gold mineralization connected to underground workings
“We are extremely pleased with the results of this first program at El Picacho where we have not only confirmed mineralization tied to the old workings but also stepped-out and discovered even better mineralization at depth,” stated Brodie Sutherland, CEO. “We now have a better understanding on the optimal drill orientation to test the system and look forward to following-up on not only the San Ramon prospect but testing the other prospects across the large land package. To be able to test our model, adjust on the fly and use this information to successfully hit the best mineralization in our first step-out is a massive testament to the team. We look forward to analyzing these results to plan for the next stage of drilling at El Picacho.”
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