TOCVAN ANNOUNCES RESTART OF EXPLORATION DRILLING AT THE GRAN PILAR PROJECT SOUTH BLOCK
Executive Summary
The restart follows the successful completion of three condemnation holes at the Pilot Mine site, which confirmed the area's suitability for future development activities. The company has already completed two new exploration holes and plans up to 10,000 meters of reverse circulation drilling in this initial phase, with potential for expansion based on results. The targets are backed by drone magnetic surveys that revealed a significant structural complex correlating with anomalous gold and silver values from surface sampling, including results up to 21.2 g/t Au and over 2,000 g/t Ag.
The drilling program will focus on Main Zone expansion and undrilled corridors, following up on successful 2025 intercepts including 19.4 g/t Au over 3.1 meters within 106.6 meters of 0.6 g/t Au, and the broadest silver zone to date at 136 g/t Ag over 10.7 meters. The company has positioned itself well with supportive infrastructure including access roads and multiple drill pads, and has the option to deploy additional drill rigs to accelerate progress.
This restart positions Tocvan to unlock significant value from its 22 km² Gran Pilar Project, which includes both the South Block expansion opportunity and the largely untested North Block alteration zone. The systematic exploration approach, backed by comprehensive datasets and successful historical drilling results, demonstrates the project's potential to support the company's path toward pilot production while expanding the overall resource base.
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