TOCVAN Ventures Corp. (CSE:TOC, FRA:TV3) was formed in response to the prolonged downturn in junior mining investment, which the company’s management recognised as an opportunity to acquire promising projects that have proven their worth through previous exploration.
The company’s flagship is the Pilar gold-silver project in Sonora, known to be a mining-friendly Mexican jurisdiction. The project is already at an advanced stage with around 17,700 m of historical drilling performed. TOCVAN has pro-actively furthered the project, with its maiden drilling campaign designed to expand the Main Zone of mineralisation at Pilar. Highlights from those holes include a remarkable intersection of 33.4 g/t Au and 1,090 g/t Ag over 1.5 m. Other work also continues on site, including diverse sampling strategies and a mapping programme that uncovered two new vein zones of 350m and 200 m. There remains a 1,200 m mineralised trend untested on the property, providing significant potential for future discovery, but the company is already pushing ahead with its maiden resource estimate.
TOCVAN’s second property in Sonora, El Picacho, is a new acquisition for the company as of September 2021. Once again TOCVAN has found a project with a lot of work already completed, and the property hosts five orogenic gold targets that are now ready for drill testing after extensive sampling, mapping and geophysical campaigns.
The company recently increased its stake in its third project, Rogers Creek in British Columbia, from 80% to 100%, and is now planning to spin out the copper porphyry project to a new company, Cascade Copper, in order to keep its focus on Mexican gold. The company’s management believes that this move will create additional value for shareholders by allowing the market to better recognise the value of the Rogers Creek asset. In line with TOCVAN’s general strategy, Rogers Creek has seen plenty of exploration, with diverse geophysics and modelling, mapping, sampling, geochemical analysis and over 5,200 m of diamond drilling already conducted on site.