Image courtesy of Tocvan Ventures Corp. / Disseminated on behalf of Tocvan Ventures Corp.
Today, Tocvan Ventures Corp. announced the start of exploration activities and a large-scale geophysical survey at its Gran Pilar Gold-Silver Project in Sonora, Mexico. With the end of the seasonal rainy period – a time when most exploration work in the region is typically paused – the company is moving ahead with the next steps in its development strategy.
Most notably, trenching is set to begin shortly. Unlike conventional exploration trenches, this work is intended to produce material for the planned pilot heap leach facility, effectively marking the first stage of ore extraction.
Field Work and Airborne Survey
Geological mapping and rock sampling are currently underway, with geophysical surveys to follow. A milestone will be the first airborne magnetic survey ever carried out across the Gran Pilar expansion area.
This method measures subtle variations in the Earth’s magnetic field caused by differences in rock types and subsurface structures. In doing so, it can identify faults, structural breaks, and broad alteration zones that are often directly linked to gold and silver mineralization. Significantly, the magnetic data may, for the first time, provide an indication of how mineralization extends below surface – potentially pointing to a large, continuous deposit, or even multiple deposits across the expansive property.
Tocvan plans to follow up these anomalies with targeted drilling. This offers the opportunity not only to expand known zones but also to discover entirely new, previously hidden mineralized bodies. In other words, the current work could lay the foundation for confirming a major deposit.
Full size / The map published today shows where the drilling, trenching and pilot facility are planned.
Drilling and Trenching Ahead
In the coming weeks, both drilling and trenching programs are scheduled to commence. Trenching holds particular significance: While officially classified as an exploration activity, it effectively initiates the extraction of mineralized material to supply the planned pilot heap leach facility. The material recovered from these trenches may be used in the pilot heap leach operation, providing the basis for the operational start of the pilot facility.
With trenching about to commence, the work effectively marks the groundbreaking for pilot-scale production. At the same time, drilling is planned in parallel to expand the project’s exploration potential and define additional resources.
CEO Brodie Sutherland commented: "We are excited to kick off this next phase of exploration at Gran Pilar, leveraging advanced geophysical methods to unlock the full potential of this promising district. The airborne magnetics survey, combined with our upcoming drilling and trenching, represents a strategic approach to rapidly advance our understanding of the mineralization and move closer to realizing value for our shareholders through exploration discovery and pilot mine production. Sonora continues to be a prime jurisdiction for gold and silver exploration, and we are committed to delivering results through disciplined and innovative progression of the project."
Pilot Facility
Permits have been received for 45 drill pads and 67 trenches, along with a 10-year operating permit for a pilot mine facility on 100% company-controlled ground. The pilot heap leach operation, designed for up to 50,000 tonnes of material, is expected to provide key technical and economic data for future development. Mineralized material extracted from trenching may supply the first test runs at the facility.
Previous Results
Gran Pilar has delivered consistent drill results in recent years, including recent highlights of 83.5 m @ 1.3 g/t gold (including 9.7 m @ 10.3 g/t gold) and 64.9 m @ 1.2 g/t gold (including 3 m @ 21.6 g/t gold + 209 g/t silver). Metallurgical studies have demonstrated recoveries of up to 99% for gold and 97% for silver, supporting the potential for pilot-scale processing.
Bottom Line
After months of the rainy season, activity is returning to Gran Pilar. Tocvan is pressing ahead into the next stage of development – a phase that not only aims to demonstrate additional resources but also directly prepares for the critical step toward pilot production.
The countdown to the pilot mine is underway, and with trenching set to begin shortly – providing the first mineralized material for heap leaching – this transition is now imminent. This marks Tocvan’s first operational step toward becoming a producer.
At the same time, geophysics is expected to provide the first clear insights into the true scale of the mineralization across the vast Gran Pilar Property. Should a large, continuous zone of mineralization emerge and be confirmed by upcoming drilling, Tocvan could be positioned to demonstrate a significant discovery.
For investors, this represents a unique combination of near-term pilot-scale production potential and longer-term exploration upside – at a time when gold and silver are trading at record levels and quality projects are increasingly coming into focus for major producers.
Company Details
Tocvan Ventures Corp.
Suite 1150 Iveagh House
707 – 7th Avenue S.W.
Calgary, Alberta, Canada T2P 3H6
Phone: +1 403 668 7855
Email: bsutherland@tocvan.ca (Brodie Sutherland)
www.tocvan.com
ISIN: CA88900N1050
Shares Issued & Outstanding: 63,431,521
Canada Symbol (CSE): TOC
Current Price: 0,82 CAD (09/15/2025)
Market Capitalization: 52 million CAD
Deutschland Symbol / WKN (Tradegate): TV3 / A2PE64
Current Price: 0.504 EUR (09/15/2025)
Market Capitalization: 32 million EUR
Contact:
www.rockstone-research.com
Tocvan News-Disclaimer: Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release. Cautionary Statement Regarding Forward Looking Statements: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company´s business, the Company´s formative stage of development and the Company´s financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Disclaimer and Forward-Looking Information: Rockstone Research and Tocvan Ventures Corp. (“Tocvan”) expressly point out that all forward-looking information contained in this report does not represent a guarantee of future results or performance. Actual results may differ materially from those projected. Readers are referred to Tocvan’s public filings, available on SEDAR+ at www.sedarplus.ca, for a more detailed discussion of risk factors and their potential impact. All statements in this report that are not historical facts should be considered forward-looking statements. A significant portion of this report consists of projections and assumptions. Forward-looking statements in this report include, but are not limited to, statements regarding the planned start and execution of drilling and trenching, the construction and commissioning of a 50,000-tonne pilot heap leach facility, anticipated gold and silver production and metallurgical recovery rates, the potential to outline additional resources or identify a large-scale deposit, the advancement of the Gran Pilar Project toward commercial production, the financing and implementation of exploration and development programs, general market conditions including the price of gold and silver, and the company’s ability to create value for its shareholders. Such statements involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those anticipated in the forward-looking statements. Risks and uncertainties include, among others, the speculative nature of exploration and development projects; geological uncertainties and the risk that exploration results may not be reproducible; delays or failure to obtain required permits; operational risks during exploration and pilot production phases; uncertainties regarding metallurgical results and economic feasibility; deviations between projected and actual costs; fluctuations in precious metals prices; political, legal, and regulatory risks in Mexico; risks related to financing, liquidity, and capital requirements; dependence on key management and local partners; as well as general macroeconomic and market-related factors. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events may differ materially. Readers should therefore not place undue reliance on these statements. Neither Rockstone nor the author assumes any obligation to update the statements contained herein, except as required by law.
Disclosure of Interests and Legal Notice: Nothing in this report should be construed as an invitation to buy or sell securities. Rockstone, its owners, and the author of this report are not registered broker-dealers or financial advisors. Before investing in securities, you should always consult your financial advisor and a registered broker-dealer. Never make an investment decision based solely on online or printed reports, including reports from Rockstone – particularly when it comes to small, thinly traded companies. The author of this report, Stephan Bogner, received compensation from Tocvan Ventures Corp. in the amount of 19,000 CAD for a period of 3 months. In addition, he holds securities of Tocvan and will therefore also benefit from increased trading volume and share price appreciation. This represents a significant conflict of interest that may affect the objectivity of this reporting. The author may buy or sell securities of Tocvan (or comparable companies) at any time without notice, which may give rise to additional conflicts of interest. This report should be understood as a promotional publication and does not replace individual investment advice. All information is current as of the date of publication and is subject to change without notice. Liability for financial losses resulting from investments made on the basis of this report is excluded. The views of Rockstone and the author regarding the companies presented in this report reflect solely their own assessments and are based on information from public sources deemed reliable. Rockstone and the author have not conducted independent due diligence. Neither Rockstone nor the author guarantees the accuracy, completeness, or usefulness of the content, nor its suitability for any particular purpose. There is likewise no guarantee that the companies mentioned will perform as expected, or that comparisons with other companies will prove valid. Please read the full disclaimer carefully. If you do not agree with it, do not use this website or report. By using the website or this report, you agree to the disclaimer, regardless of whether you have read it in full. The information provided is of a general and educational nature. Data, tables, figures, and images, unless otherwise indicated or linked, originate from Stockwatch.com, Tocvan Ventures Corp., and publicly available sources.
