Tocvan Ventures

Pilar Project

Overview Map

Priority Projects

Pilar

Region

Sonora, Mexico

Metals

Au-Ag

Stage

Advanced Stage – Moving towards production

Ownership

Earning 100% – Currently owns 51%

Size

2,277.7 Ha

Target Style

Shear-zone hosted / Intrusion-related Au Systems

Operator

Tocvan Ventures

2023 Planned Program

Expansion Drilling – File Mining Applications

Tocvan Ventures

Introduction

Pilar has been the subject of two main exploration initiatives. The first was completed by Santa Catalina Mining (SCM) during 1996 and 1997 and the second has been completed by Minera Lyell S.A. de C.V (Lyell), and then Bestep, from 2008 to (2018). Both phases of exploration have included significant programs of surface exploration and reverse circulation drilling. It is the opinion of the author that the Pilar property represents an opportunity for the discovery of an epithermal precious metal deposit. (from Lavigne, 2016)

Pilar is located 130 km southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately 2 hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. 

 

Bulk Sample and Metallurgy Results

o Head Grade of 1.9 g/t Au and 7 g/t Ag
o Bulk Heap Leach Results of coarse fraction, 62% recovery of Au and 47% recovery of Ag
o Agitated Leach Results, 80% recovery of Au and 94% recovery of Ag after just 24-hours of retention time
o Initial Gravity and Agitated Leach tests returned over 95% recovery of Au, over 73% recovery of Ag

Drill Highlights at Pilar

  • 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
    • 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
    • 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
    • 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
  • 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
    • 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
    • 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
    • 29m @ 0.7 g/t Au
    • 35.1m @ 0.7 g/t Au
  • 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
    • 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
    • 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
    • 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag

 
Historical Drill Results:

Tocvan Ventures
Tocvan Ventures
Tocvan Ventures
Tocvan Ventures

Pilar is located in an area of the western Sierra Madre underlain dominantly by Cretaceous-Paleocene Lower Complex intrusive and volcanic rocks. In addition, Mesozoic basement rocks as well as younger silicic alkaline volcanic rocks are locally mapped in the area.

Pilar is underlain by three rock types: andesite, granodiorite, and rhyolite. The andesite is mapped as part of the Lower Volcanic Complex of the Sierra Madre Occidental and is interpreted as being Cretaceous. The granodiorite is also mapped as being part of the Lower Volcanic magmatic event but is interpreted as Early Tertiary and therefore younger than the andesites. The contact zone of the granodiorite observed to the north and to the west side of the property is characterized by intense silicification and re-crystallization and is interpreted as a contact aureole/hornfels zone.

Three fault orientations have been mapped and interpreted on the property. The western contact between the volcanic rocks and the granodiorite is interpreted to be a north striking and steeply east dipping detachment structure which shallows under the volcanic rocks and places the volcanic rocks in the hanging wall and the granodiorite in the footwall. Within the hanginwall volcanic rocks there are 2 dominant fault orientations which include one fault set oriented at N40W which is similar to the orientation of the dykes and a second fault orientation at approximately right angles to the first with an orientation of N50E.

Gold and silver mineralization occurs within a zone of strong argillic alteration which locally contains overprinting strong silicification and weak sericitization. Veins on the property which consist of quartz and lesser carbonate and, in one case, gypsum. Sulphide mineralization is low to moderate in the gold and silver bearing zones being primarily pyrite and lesser pyrrhotite which weathers to bright red hematite. Better gold grades are interpreted to be associated with the most intense silicification and in other instances higher gold grades are associated with the occurrence of hematite on fracture surfaces. There are approximately 40 mineral workings on the Pilar property probably completed during the late 1800s to early 1900s period. (Summarized from Lavigne, 2016)

  • Diverse Terrain:

    • Deserts, mountains, coastal plains, and valleys make up the varied landscape of Sonora.

 

  • Rich Mineral Resources:

    • Abundant deposits of various minerals including:
      • Copper: Sonora is the largest copper-producing state in Mexico.
      • Gold and Silver: Significant deposits, with notable mines such as Mulatos and La Herradura.
      • Other Minerals: Molybdenum, graphite, lead, zinc, etc.

 

  • Copper Production:

    • Sonora’s prominence in copper mining is evident:
      • Cananea Mine: One of the oldest and largest copper mines globally.
      • La Caridad, El Arco, Buenavista del Cobre: Major copper mines in the region.

 

  • Gold and Silver Mining:

    • Sonora’s importance in gold and silver extraction:
      • Mulatos and La Herradura: Large-scale open-pit gold mines in the state.
      • Smaller-scale Mines: Numerous operations contribute to the gold and silver production.

 

  • Mining Infrastructure:

    • Well-developed infrastructure supports mining activities:
      • Transportation: Extensive network of roads, railways, and ports.
      • Support Services: Mining service companies and equipment suppliers.
      • Experienced Workforce: Availability of skilled labor for mining operations.

 

  • Mining Regulations:

    • Mexico’s legal framework ensures responsible mining practices:
      • Environmental Regulations: Compliance with rules to protect the environment.
      • Permitting Processes: Adherence to permits and licensing requirements.
      • Community Engagement: Regulations to involve local communities in mining activities.

 

  • Investment Opportunities:

    • Sonora presents attractive investment prospects:
      • Foreign and Domestic Investment: Encouraged by the state government.
      • Exploration and Mining Projects: Potential for new ventures and expansion.

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