Tocvan Ventures (TOC-Cse) is set to start drilling at its El Picacho precious metals project in Sonora, Mexico. The maiden program will target the San Ramon prospect, a 500-metre-square area where it believes that high-grade sampling both at surface and in old underground workings indicate potential for a near-surface bulk tonnage target. As well, the company plans bulk sampling and drilling at Pilar, another of its Sonoran precious metal properties.
Mr. Sutherland, chief executive officer, touted his company's "major advancement in our understanding" of the two projects, adding that he and his crew are "excited to continue that advancement" through the bulk sampling at Pilar, which will lead to permitting for a pilot facility on the project. He acknowledged the San Ramon drilling, but Pilar appears to be a priority and Mr. Sutherland cheers its "potential for expansion," noting that it will remain a focus with continued drilling on several trends that remain open to the southeast.
Mr. Sutherland and his crew applaud Pilar as an "advanced stage, open for expansion, primed for production" project, but hyperbole aside they are "steadily advancing the project towards resource definition," leaving it an early-stage advanced project, perhaps. Pilar has seen a lot of drilling in three phases since 2020, with results of up to 94.6 metres averaging 1.6 grams of gold per tonne in 2020 and a 116.9-metre interval that averaged 1.2 grams of gold and seven grams of silver per tonne earlier this year.
And El Picacho, you ask? Well, it is an advanced stage project in an established gold belt, the company enthuses, by which it means that it is set for its maiden drill program. Sampling has produced precious metals in five main areas, with grades of up to 32 grams of gold per tonne -- enough that Mr. Sutherland and his crew enthuse that El Picacho "presents a tremendous discovery opportunity."
By Business Reporter |
