Tocvan Ventures (TOC.C) has announced it has restarted its drilling activities on its flagship Gran Pilar gold-silver project in Mexico’s Sonora state. This phase of the exploration activities will focus on the expansion area where recent drill results encountered for instance 3.1 meters of high-grade gold mineralization with an average grade of 19.4 g/t gold, starting almost at surface.
CEO Brodie Sutherland appears to be excited to drill-test the northern edge of the mineralization, as the project still has a large untested area to the north and east of the already known mineralization.
While Tocvan remains focused on drilling, the company continues to advance its plans for a 50,000 tonnes pilot facility to recover the gold from the rock. The data gathered from this pilot facility could subsequently be used in the resource calculations (mainly to determine the desired cutoff grade) and the potential economic studies in a later phase.
Disclosure: The author has a long position in Tocvan Ventures but recently sold shares and exercised 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.
