TOCVAN ANNOUNCES ADDITION OF SECOND DRILL RIG AND ACCELERATES HIGH-PRIORITY DRILL TARGETS AT FLAGSHIP GRAN PILAR GOLD-SILVER PROJECT
Executive Summary
The timing of this expansion follows the recent discovery of a new gold-silver zone located 1,600 meters northeast of the Main Zone, where the first aggressive step-out hole intersected 22.9 meters of 0.6 g/t gold from surface, including higher-grade intervals of 6.1 meters at 1.6 g/t gold and 13 g/t silver. This discovery validates the company's systematic exploration approach and demonstrates the potential for significant resource expansion beyond the known mineralized areas.
Tocvan has identified five key target areas within the South Block, each representing distinct geological and geochemical signatures that warrant immediate drill testing. These include the El Mezquite Target with a 350-meter-long soil anomaly and rock samples up to 2.7 g/t gold, the Central Target showing 500 meters of anomalous soils with rock samples reaching 5.5 g/t gold and 80 g/t silver, and the Northwest Soil Anomaly spanning 900 meters with exceptional values up to 21.2 g/t gold and over 2,000 g/t silver.
The accelerated drilling program positions Tocvan to rapidly advance multiple objectives simultaneously, including resource expansion, infill drilling, and new target evaluation. This approach is particularly strategic as the company works toward completing its maiden resource estimate and advancing plans for a near-term pilot mining facility. The company's systematic exploration success, evidenced by consistent high-grade intersections from previous campaigns including 19.4 g/t gold over 3.1 meters and 5.4 g/t gold over 6.1 meters, demonstrates the robust mineralization potential across the Gran Pilar system and supports the rationale for this expanded drilling commitment.
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