Tocvan Ventures (TOC.V) continues to advance its flagship Gran Pilar gold-silver project in Mexico’s Sonora state, as the RC drill programme focusing on the expansion area is now in full swing. The company announced it has already completed just over 712 meters of drilling in five holes, and samples for three of those holes have already been submitted to the lab. Assay results are obviously pending.
Tocvan can continue its drill program uninterrupted as the company cashed in just over C$400,000 from warrants that were exercised in the past five weeks. About 778,000 warrants were exercised which implies a weighted average exercise price of just under C$0.52/share.
The company is also hosting a webinar next week, on May 2nd, and CEO Brodie Sutherland is expected to provide an overview of the company’s recent achievements and discuss the plans for 2025.
Disclosure: The author has a long position in Tocvan Ventures but recently sold some shares to exercise warrants. 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.
