PROACTIVE by Patrick M. Graham
Tocvan Ventures Corp (CSE:TOC) (FRA:TV3) on Tuesday provided shareholders with an update for its maiden drill program at the Pilar Gold-Silver Project in Sonora, Mexico.
Phase I of the program plans for up to 1,500 meters (m) of reverse circulation (RC) drilling, utilizing one drill rig at the Pilar Main Zone. The company announced the start of the drill program in early December.
Tocvan said field crews were able to mobilize so rapidly to start drilling and have already completed 400m of the program in three drill holes. Assay results are expected early in 2021.
The Phase I program will provide important structural information for defining drill targets along the main mineralized trend and across the deep seated feeder-pipe like structures interpreted from geophysics. As Tocvan looks to continue the advancement of the Pilar Project, a Phase II drill program to test these targets is planned for early 2021.
“The ability to quickly mobilize equipment and field crews to Pilar is a testament to the strong team we have here in Mexico,” said CEO Derek Wood in a statement. “After visiting the site this past week, I am very happy with the progress to date and look forward to continued exploration at Pilar. Tocvan is excited to lead the advancement of Pilar and would like to thank all of the field crews for their efforts.”