Tocvan Releases El Picacho Surface Results Identifying Undrilled Au-Ag Target Zone Over 450-meter Trend Highlighted By: 7.2 g/t Au and 36 g/t Ag; 4.5 g/t Au and 197 g/t Ag; and 3.3 g/t Au and 67 g/t Ag.

Calgary, Alberta July 6, 2022 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce surface sample results from its El Picacho Au-Ag Project in Sonora, Mexico. A surface exploration program has been ongoing since April. At the Murcielago Prospect, a total of 65 samples were collected with 14 samples returning values greater than 0.1 g/t Au (Table 1). Sampling defined a new target area yet to be drilled. The Murcielago Prospect has been confirmed and expanded with Au-Ag values (7.2 g/t Au and 36 g/t Ag) hosted within a brecciated dolomitic limestone unit along a 450-meter west-southwest trend. Significant lead and zinc mineralization is noted to occur along with gold and silver within the prospect area (4.5 g/t Au, 197 g/t Ag, 4.8% Pb and 7.1% Zn). Murcielago Prospect is the only mineral occurrence on the El Picacho property identified to date hosted within Jurassic aged sedimentary rocks. Historic artisanal workings are present following high-grade mineralization from surface in shafts (Plate 1). 

Surface Highlights 


• 450-meter trend of gold-silver hosted in a brecciated dolomitic limestone, highlighted by:

o 7.2 g/t Au, 36 g/t Ag and 4.4% Pb 

o 4.5 g/t Au, 197 g/t Ag, 4.8% Pb and 7.1% Zn 

o 3.3 g/t Au, 67 g/t Ag and 1.6% Pb 

o 2.7 g/t Au, 25 g/t Ag and 1.9% Zn 

Historic Murcielago Results, highlighted by: 

15.1 g/t Au, 18 g/t Ag and 2.9% Pb 

13.8 g/t Au, 83 g/t Ag and 1.7% Pb 

8.8 g/t Au, 234 g/t Ag and 4.6% Pb 

“The results from our recent surface exploration program have confirmed another untested drill target at El Picacho.”, commented CEO, Brodie Sutherland. “The Murcielago Prospect is one of six key target areas at El Picacho that has seen little to no drilling. The consistent mineralization seen across a 450-meter trend coupled with high-grade historic results along old shafts, makes Murcielago an additional compelling drill target as we look to unlock the potential of the project. Sonora is well known for cost-effective mines that can operate open pits with grades below 0.5 g/t Au with very favourable production costs. Seeing this broad low-grade mineralization and higher-grade within gives us a lot of confidence in the potential we have here.” 

Update on Pilar Drill Program 

As part of the ongoing Phase III drill program, a total of four reverse circulation (“RC”) drill holes have been completed since the program restarted on June 22nd, totalling 796-meters. Drilling completed to date has focused on the 4-T Expansion and Extension targets. Samples for the first two drill holes have been submitted to the lab for analysis. Samples for the other two completed holes will be submitted later this week. Results are pending. As drilling continues, follow-up drilling on the new Discovery Trend is planned next for targeting. 

Figure 1. Plan Map Highlighting the Surface Exploration Program Results

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