After years of exploration and preparation, Tocvan Ventures Corp. has now reached a point where geological theory is turning into operational reality.
With today’s project update on the Gran Pilar Gold-Silver Project, together with an accompanying social media post by CEO Brodie Sutherland, it becomes clear that construction of the pilot mine is taking shape while the next phase of intensive drilling is beginning in parallel.
Notably, this operational acceleration follows a period in which the share price has been consolidating since the beginning of the year within a narrow trading range, with stable closing prices of approximately 1.13 to 1.20 CAD.
Pilot Mine: From Concept to Reality
Following the approval of a 10 year pilot mine permit, site preparations are now actively underway. These include fencing, site development and the procurement of key processing equipment. The objective is to transition exploration into tangible value creation for the first time, while simultaneously laying the foundation for future commercial production.
The pilot mine is not an isolated test run, but rather a strategic intermediate step designed to optimize metallurgical parameters under real operating conditions, generate early cash flows and further de-risk the project both technically and economically. This marks a clear shift in focus from pure resource definition toward the monetization of the project; a step that only a small number of explorers successfully achieve.
"We are thrilled with the momentum building at Gran Pilar as we move toward pilot production and further resource delineation. Our team has worked diligently to position the project for success, and we look forward to sharing the pending results with our stakeholders."
Drill Results: A Steady Flow of News
In parallel with the build-out of the pilot mine, drilling activities are resuming. Of particular importance are the pending lab results from the first drill holes completed in late 2025 on the North Block, the ongoing evaluation of channel samples from newly exposed zones and new drilling programs in the South Block that are already underway or in preparation. This combination makes it realistic that Tocvan may release results on a regular basis while work on the pilot mine continues.
In addition, the completion of a magnetic drone survey over the North Block is imminent. Survey activities were temporarily delayed due to a damaged sensor but are expected to be finalized later this week. Results from the drone-based mag survey over the largely untested North Block are anticipated in February and could provide an important foundation for defining new drill targets.
The combination of active drilling, channel sampling and geophysical data significantly increases the likelihood that new results can be interpreted within a broader geological framework rather than in isolation.
CEO Update First-Hand
On January 19, CEO Brodie Sutherland published a social media post describing the operational progress directly from the project site:
"We have been busy preparing for our pilot mine and the next phase of drilling. Drill back on site this week. Next steps forward: Condemnation Drilling, Water monitoring wells, South Block Exploration Drilling off new 4.8km road and pads, and Resource Expansion Ground for pilot being prepped and fenced. Equipment sourced (see photo below). Results pending from first holes on North Block and latest channel sampling of newly opened up areas. Stay tuned!"
The photos shared by Brodie provide a concrete insight into the project’s progress:
Macro Environment Amplifies the Leverage
This operational momentum coincides with an exceptionally strong precious metals environment:
- Gold is currently trading at a new all-time high of around 4,850 USD.
- Silver has also reached a historic high at approximately 95 USD.
For a project approaching the start of pilot production, this translates into potentially higher margins, improved economics for the pilot mine and strategically better options for future scaling.
Bottom Line
The combination of tangible preparations for the pilot mine, already procured and operational equipment, concurrently active drilling programs and an exceptionally strong gold and silver market marks a pivotal turning point for Tocvan.
Results from the drone-based magnetic survey over the largely untested North Block are expected in February and could play a decisive role in identifying new, previously concealed target zones.
In particular, the upcoming series of drill results and channel samples offers substantial blue-sky upside. In areas that have so far seen little to no testing, new and potentially significant gold and silver discoveries could emerge, materially expanding the current project picture. Such discoveries would have the potential to fundamentally shift the perception of Gran Pilar and could catch the market by surprise.
Gran Pilar is thus evolving from an advanced exploration project into an operationally advancing production candidate, accompanied by growing attention from investors.
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: 67,548,954
Canada Symbol (CSE): TOC
Current Price: 1.19 CAD (01/20/2026)
Market Capitalization: 80 million CAD
Germany Symbol / WKN (Tradegate): TV3 / A2PE64
Current Price: 0.732 EUR (01/20/2026)
Market Capitalization: 50 million EUR
Contact
Rockstone News & Research
Stephan Bogner (Dipl. Kfm., FH)
Müligässli 1, 8598 Bottighofen
Switzerland
Phone: +41-71-5896911
Email: info@rockstone-news.com
Disclaimer and Forward-Looking Information: Rockstone 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 expectations, interpretations, projections, and assumptions made by the author based on information available at the time of writing. Forward-looking statements include, but are not limited to, statements, expectations, assessments and assumptions regarding: The ongoing preparation, construction, commissioning, operation and optimization of the permitted pilot mine at the Gran Pilar Gold-Silver Project; the timing, receipt, evaluation and interpretation of pending and future drilling, channel sampling, trenching, surface sampling and geophysical results, including results from the magnetic drone survey over the North Block; the potential role of such results in defining new drill targets, supporting near-term pilot mine feed or informing longer-term development and expansion scenarios; the anticipated cadence and frequency of future news flow related to exploration and operational activities; the execution, ramp-up and performance of pilot-scale processing activities and the potential translation of pilot-scale outcomes into future commercial production decisions; Tocvan’s ability to advance Gran Pilar from exploration toward potential production; the evolution of the Company’s operational, technical, financial and organizational capabilities as it transitions into a more advanced development stage; expectations regarding future gold and silver prices, market conditions and investor interest; and the Company’s ability to secure sufficient financing, manage liquidity and execute its programs in a manner that supports long-term shareholder value creation. Forward-looking statements are based on current expectations, assumptions and beliefs of management and the author as of the date of publication and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or developments to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: The inherently speculative nature of mineral exploration and pilot-scale mining activities; the risk that drilling, sampling or geophysical programs may not yield results consistent with current interpretations or expectations; geological uncertainties, including variability in grade, continuity, geometry or scale of mineralized zones; the possibility that early or interim results may change as additional data becomes available; operational risks associated with field activities and pilot mine construction and operation, including technical, logistical, equipment-related, workforce-related or supply-chain challenges; uncertainties related to the ramp-up, performance, recoveries, throughput, costs or timelines of the pilot mine, and the risk that pilot-scale results may not be indicative of larger-scale commercial outcomes; potential cost overruns, inflationary pressures or deviations from projected budgets; regulatory, environmental or permitting risks, including potential delays or changes to compliance requirements, even where key permits have been granted; volatility in gold and silver prices, exchange rates and broader capital markets; political, regulatory, fiscal or legal changes in Mexico that could impact mining operations or project economics; risks related to financing, liquidity and access to capital on acceptable terms; dependence on key personnel, contractors, suppliers and third-party service providers; environmental, social or community-related risks; and broader macroeconomic, geopolitical or market-related factors beyond the control of the Company. Forward-looking statements are inherently subject to significant risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Actual results or future events may differ materially from those expressed or implied by forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Neither Rockstone, the author nor Tocvan Ventures Corp. undertakes any obligation to update or revise any forward-looking statements, except as required by applicable 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 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 Tradingview.com, Stockwatch.com, Tocvan Ventures Corp., and publicly available sources.
