Having a piece of highly prospective property is a good start for a junior resource company. Tocvan Resources (TOC.CC), after Mark Smethurst, the company’s COO, looked at over 150 possible properties, found a property with high gold and silver potential at the Pilar Gold Property in the Sonora Gold District in the north-west of Mexico. Better still, there had been over 17,000 meters of drilling done on the property. Short holes over a relatively restricted area on the property.
Looking at the historic results, Smethurst wanted to systematically explore the whole property. Soil samples and rock grab samples were reported in a Press Release June 24, 2020. In that release Tocvan stated that the Pilar property had been identified as a “structurally controlled low-sulphidation epithermal project hosted in Andesite and Rhyolite rocks.” And in that release, a new additional zone of gold-silver mineralization was identified from the high-grade gold and silver surface assay results.