Tocvan Ventures (TOC.V) has confirmed its drill program is now in full swing at El Picacho where the initial phase of the drill program is focusing on two primary areas within the San Ramon prospect: San Ramon and Las Guijas. A small historical drill program completed by Timmins Gold encountered low-grade gold mineralization but the older historical workings mined high-grade gold. Tocvan hopes to be able to tie together the low-grade and high-grade mineralization and get a better understanding of the mineralization.
Tocvan is quite busy at El Picacho. Not only is the company drilling the two high-priority targets right now, it also released an update on the mapping and sampling program at the Jabali zone of El Picacho. At Jabali, the field team has now outlined a 500 meter long trend across two separate areas of high-grade gold mineralization with 21% of the samples reporting back with gold values exceeding 5 g/t gold and almost half of the samples yielding in excess of 0.2 g/t gold. The average grade of the 80 samples along the 500 meter trend is about 3.1 g/t which is obviously very good for a surface exploration program which confirms the validity of the target.
As Jabali is located about two kilometers away from the high-priority drill targets at San Ramon, the exploration program clearly shows the size of the San Ramon district.
Tocvan also released a new two-minute video providing more color on the El Picacho drill program.
Disclosure: The author has a long position in Tocvan Ventures. Tocvan is a sponsor of the website. Please read our disclaimer.