Exploration Success at Tocvan's Gran Pilar Project Highlights Scale Potential

Tocvan Ventures reports a new gold-silver corridor at Gran Pilar, advancing a pilot plant with gold above $4,000/oz. Drilling shows 22.9m of 0.6 g/t Au from surface.

Tocvan Ventures has reported a significant gold and silver discovery at its flagship Gran Pilar project in Sonora, Mexico. The latest drilling results from an area known as the South Block confirm a new, independent mineralized corridor, substantially expanding the potential for a large-scale open-pit operation.

Infrastructure and Path to Production

The company is currently advancing plans to transition toward production, focusing on a pilot plant operation. This initial phase is designed to process 50,000 tonnes of gold-bearing material, serving to validate the project's economic viability and de-risk the path to larger-scale production. The current market environment appears favorable; with gold prices sustaining levels above $4,000 per ounce, the project targets robust margins at its goal of 1.2 g/t gold. Comparable producers in the region report all-in sustaining costs (AISC) between $1,000 and $1,400 per ounce.

Management notes there are no geological impediments to the planned infrastructure, clearing a path for continued development.

Surface Drilling Delivers Strong Results

The new discovery in the South Block is located approximately 1,600 meters northeast of the project's main zone. Drilling occurred within a 1,200-meter-long magnetic anomaly that had previously been identified by strong soil sample results. One hole, in particular, underscores the area's geological appeal.

Key intercepts from drill hole JES-26-135 include:
* 22.9 meters of 0.6 g/t gold from surface.
* Within that interval, a higher-grade zone of 6.1 meters grading 1.6 g/t gold and 13 g/t silver.
* A second, deeper zone of 10.7 meters of 0.4 g/t gold from a depth of 122 meters.

These results form part of a fully-funded 20,000-meter drill program, of which roughly 2,400 meters have been completed to date.

Share Performance and Forward Milestones

Tocvan's shares are currently trading at 0.47 Euros, reflecting a decline of approximately 35% since the start of the year. Technically, with an RSI reading of 31.9, the stock is approaching oversold territory, highlighting a divergence between operational progress and recent share price movement.

The company has outlined key milestones for 2026. The primary focus is the publication of an initial formal resource estimate, which will concentrate on the main zone. This area constitutes less than three percent of the total 21-square-kilometer property. The success in the South Block, however, strongly suggests that expansion potential beyond this first estimate is considerable. Concurrently, Tocvan aims to commence operations at the pilot plant before the end of the year.