Tocvan Ventures
Tocvan Ventures Corp. is a publicly traded natural resource company focused on acquiring, exploring, and developing mineral properties, with key projects in Sonora, Mexico.
Company Overview
Tocvan Ventures Corp. is a publicly traded early-stage natural resource company engaged in the acquisition, exploration, and development of mineral properties. The company is listed on the Canadian Securities Exchange (CSE: TOC), Frankfurt Stock Exchange (FSE: TV3), and OTC Markets (OTC: TCVNF). Tocvan Ventures has approximately 42.9 million shares outstanding and focuses on identifying undervalued advanced stage targets with the potential for large-scale mineral resources.
Key Projects: Pilar and El Picacho Gold Projects
Tocvan Ventures concentrates on two main projects located in Sonora, Mexico: the Pilar Gold Project and the El Picacho Gold Project. The Pilar Gold Project is the company's flagship project and has undergone extensive exploration, including surface work, drilling, and metallurgical studies. The El Picacho Gold Project, a new discovery, is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. These projects are crucial to the company’s growth strategy.
Sustainable Practices and ESG Policy
Tocvan Ventures is committed to sustainable practices with a strong focus on environmental performance, social responsibility, and good governance. The company's ESG policy underlines its commitment to minimizing environmental impact, engaging with local communities, and maintaining ethical governance structures. Tocvan Ventures aims to create long-term shareholder value through responsible and sustainable resource development.
Recent Developments and Drilling Achievements
Recently, Tocvan Ventures achieved a significant drilling milestone, intersecting 56.4 meters of 1.0 g/t gold near surface, including 9.2 meters of 5.3 g/t gold, marking its biggest intersect outside of the main zone to date. The company also closed an oversubscribed private placement, raising $2.1 million in April 2024. These funds are intended to advance exploration activities and further develop the company's project portfolio.
Exploration and Development Strategy
Tocvan Ventures employs a well-structured exploration and development strategy aimed at advancing its project portfolio with technical tact and aggressive drill targeting. The company's focus includes a bulk sample and metallurgy program at the Pilar Project, displaying head grades of 1.9 g/t gold and 7 g/t silver. Additionally, the first drilling program at the El Picacho Gold-Silver project has confirmed mineralization and uncovered better mineralization at depth, aligning with Tocvan's strategic goals.