- Strong metallurgical results with 95-99% gold recovery rates
- Significant drill intersections including 42.7m @ 1.0 g/t Au
- Successful warrant exercise raising CAD $403,411.25
Tocvan Ventures Corp. (TCVNF, Financial) is making notable progress at its Gran Pilar Gold-Silver Project in Sonora, Mexico, completing 712.2 meters of reverse circulation drilling across five holes in the expansion area. Samples from three of these drill holes are currently undergoing analysis in the lab, with results pending. Recent drilling highlights have revealed significant intersections, including 42.7 meters at 1.0 grams per tonne (g/t) gold (Au) with a notable sub-section of 3.1 meters at 10.9 g/t Au, and another intersection of 56.4 meters at 1.0 g/t Au, including 3.1 meters at 14.7 g/t Au.
In a bid to further its financial strategy, Tocvan announced amendments to 6.6 million common share purchase warrants, extending their expiry to June 2026 and reducing exercise prices to CAD $0.90. Since March 20, 2025, the company saw 778,025 warrants exercised, raising CAD $403,411.25 in additional capital. This move is part of Tocvan's broader strategy to strengthen its financial position and support ongoing project developments.
Looking ahead, Tocvan plans to establish a pilot processing facility at the Pilar site with the capability to process up to 50,000 tonnes of material. This development is grounded in strong metallurgical results, which indicate gold recovery rates of between 95-99%.
