Announcement • Jul 24
Tocvan Ventures Corp. Discovers New High-Grade At-Surface Silver-Gold Zone 900 M East of Pilot Facility At Gran Pilar Project Drills 1.5 M of 581 G/T Ag and 2.2 G/T Au Tocvan Ventures Corp. announced the discovery of a new mineralized silver-gold zone at surface, located just 900 metres east of the planned Pilot Facility (approximately 1,000 m northeast of the Main Zone) at its 100%-owned Gran Pilar Gold-Silver Project in Sonora, Mexico. The new zone was intersected in four drill holes, with three holes returning significant near-surface mineralization. Results confirm a robust vein system and demonstrate strong potential to expand resources in close proximity to planned infrastructure. Key Highlights: · New high-grade discovery at surface adjacent to existing road access, only 900 m east of the Pilot Facility. · Standout intercept in hole JES-26-152: 1.5 m grading 2.2 g/t Au and 581 g/t Ag within a broader mineralized zone. 9.2 meters of 0.4 g/t Au and 110 g/t Ag, from 27.5m. · Consistent near-surface mineralization across multiple holes: o 4.6 m @ 0.3 g/t Au & 86 g/t Ag from surface (JES-26-152) o 4.6 m @ 0.5 g/t Au & 86 g/t Ag from surface (JES-26-148) o 6.1 m @ 0.4 g/t Au & 76 g/t Ag from surface (JES-26-150). · Strategic location advantage: Proximity to the permitted 50,000-tonne Pilot Facility supports low-cost development, reduced haulage, and potential integration into near-term production plans. · Expansion upside: Mineralization strengthens northward and aligns with a strong soil geochemical anomaly, indicating further potential along the trend. · Vein system confirmation: Multiple holes intersected historic underground workings with surrounding mineralization, validating continuity of the mineralized structure. Why This Matters This new zone adds high-grade, near-surface silver-gold mineralization in immediate proximity to Tocvan's permitted Pilot Facility. With construction advancing and first gold-silver doré targeted for Fourth Quarter 2026, the discovery enhances the project's near-term production potential while expanding the overall mineralized footprint. The combination of at-surface intercepts, high silver grades, and infrastructure synergy positions Gran Pilar for efficient, low-capex development in a rising precious metals market. Announcement • Jul 16
Tocvan Ventures Outlines Phased Development Plan for Pilot Mine Operations At Gran Pilar Gold-Silver Project Tocvan Ventures Corp. announced a strengthened development plan as it transitions Gran Pilar from exploration into pilot-scale production. With all major permits secured and construction well underway, Tocvan is advancing a fully permitted 50,000-tonne heap-leach pilot facility designed to generate cash flow, validate metallurgy at scale, and materially de-risk the path toward commercial production. The Company’s 10-year pilot mine permit was secured in August 2025, followed by a 6-year Community Agreement executed in May 2026, providing long-term stability and expansion flexibility. The pilot facility represents a low-capex, near-term production opportunity that positions Tocvan for rapid advancement in a strong gold market. Key Highlights: Target recovery: 70% Au for heap-leach. Heavy equipment (dozer, excavator, haul truck) mobilized on-site in April 2026. Site preparation, fencing, and leveling for the heap leach pad and containment ponds completed. Pad and containment pond construction underway. Local crushing equipment contracted. Processing plant equipment being constructed in Hermosillo. Condemnation drilling and water monitoring wells completed; baseline data collection ongoing. Trenching and material transport phase currently active. Phased Development Plan: Phase 1: Trenching & Material Transport (Ongoing – Third Quarter 2026): Objective: Secure and characterize 50,000 tonnes of high-grade oxide feed. Key activities: Expand dozer trenching across South Block high-priority targets and haul/stockpile mineralized material. Milestone: 50,000 tonnes stockpiled. Phase 2: Leach Pad Construction (Ongoing - Third Quarter 2026): Objective: Build the engineered 1.76-hectare heap leach pad and containment system. Key activities: Complete site grading, compaction, impermeable liner installation, solution collection pipes, containment berms, and emergency ponds. Milestone: Pad certified ready for stacking with full environmental sign-off. Phase 3: Crushing & Stacking (Upcoming - Third Quarter 2026): Objective: Prepare ore for leaching. Key activities: Crush material to optimal size and stack ore on the leach pad in 4–6 m lifts. Milestone: 50,000 tonnes fully stacked and preconditioned. Phase 4: Facility Build (Concurrent with Phases 2–3, Target Completion Third Quarter 2026): Objective: Commission the hydrometallurgical processing plant. Key activities: Install carbon-adsorption columns (5-column circuit), solution ponds, and pumps. Milestone: Plant fully commissioned and dry-tested. Phase 5: Processing & Leaching (Third Quarter – Fourth Quarter 2026): Objective: Extract gold and silver at pilot scale. Key activities: Apply dilute sodium cyanide solution via drip irrigation over a 60–90 day leach cycle with solution recirculation; adsorb metals onto activated carbon; monitor recovery rates in real time. Milestone: Target >70% overall recovery achieved; detailed metallurgical and cost data collected. Phase 6: Doré Pour & Reporting (Late Fourth Quarter 2026): Objective: First gold-silver production and reporting. Key activities: Weigh, assay, and secure first pour; prepare report and cash-flow analysis; evaluate AISC and optimization data for Phase 2 expansion. Milestone: First doré pour and initial revenue generation amid current high gold prices. 
