Tocvan Discovers Source to Placer Gold - Seite 3

Foto: Accesswire

Figure 2. Pilar Project Planview map showing the southern block made up of the Pilar Main Zone and the newly discovered placer source with additional gold-silver mineralization extending to the south. Within the northern block, a large alteration zone that spans 3.3 km by 1.5 km (North Alteration Zone) has returned high-grade gold and silver values in the first few sampling programs across the newly acquired area. The initial phase of drilling for 2024 will focus on the Pilar Main Zone in which Tocvan has 51% majority interest.

Table 1. Top results from the recent surface sampling program outlining the source for placer mining activity and expanding the known mineralized footprint of Pilar. 28 samples are highlighted below. 150 samples were collected during a first phase geological mapping and sampling program. An additional 67 samples were collected along new road cuts developed by local placer miners.

Foto: Accesswire

About the Pilar Property

The Pilar Gold-Silver property has returned some of the regions best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Initially three primary zones of mineralization were identified on the original property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. Each trend remains open to the southeast and north and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Mineralization extends along a 1.2-km trend, only half of that trend has been drill tested so far. The Company has now expanded its interest in the area by consolidating 22 square-kilometers of highly prospective ground where it has already made significant surface discoveries.

Pilar Drill Highlights:

2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):

116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag

108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag

63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag

2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):

39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au