Tocvan Ventures (TOC.C) announced earlier this month it has started an extensive campaign of field work and an airborne magnetics survey on its Gran Pilar gold & silver project in Mexico’s Sonora state.
The field work will consist of a comprehensive geological mapping program, while sampling and geophysical surveys will also be a focus point. Meanwhile, the company hopes to generate more targets after analyzing the data from its airborne magnetics survey.
Meanwhile, Tocvan will remain busy on the ground as well, and a drilling and trenching campaign should start any day now. The combination of all these exploration activities will help the company to continue to increase its understanding of the mineralized zones and structures at Gran Pilar.
Meanwhile, Tocvan is in an excellent position to leverage the data into its pilot plant program, as the company recently obtained all relevant permits for a 10 year pilot mine facility at Gran Pilar. This will allow the company to construct and operate an initial 50,000 tonne leach pad which will allow for detailed metallurgical testing and some initial revenue.
Disclosure: The author has a small long position in Tocvan Ventures. Tocvan is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
