With today’s news-release, Tocvan Ventures Corp. has achieved a significant advancement that goes well beyond a single drill result.
For the first time, an aggressive step-out drill hole in the South Block, located approximately 1,600 m from the Main Zone, has been completed and immediately returned a meaningful hit (drill hole JES-26-135):
- 22.9 m @ 0.6 g/t gold from surface
- including 15.3 m @ 0.8 g/t gold from surface
- including 6.1 m @ 1.6 g/t gold + 13 g/t silver from surface
Additional mineralization was intersected at depth, including 10.7 m @ 0.4 g/t gold, indicating a multi-zone system.
Notably, the first 6 m directly from surface, grading 1.6 g/t gold and 13 g/t silver, are highly significant in the context of the planned pilot mine, as they might be well-suited to serve as early mining material.
Such near-surface zones are particularly attractive for the planned production start as they are relatively easy to access and increase the likelihood of defining suitable material for the pilot operation at an early stage.
Beyond that, these initial results provide not only an important hit for the pilot mine, but more importantly a key insight for the near-term future: They demonstrate where and how the gold-silver zones are distributed below surface, and for the first time support the interpretation of a large, continuous gold system spanning an entire gold district.
This discovery not only marks a successful start to the drill program, but also provides an important indication of the size and structure of the broader system.
From a Single Zone to a Multi-Kilometer Gold System
The significance of this discovery lies primarily in its distance and context. Gold mineralization has been identified well beyond the Main Zone, in a part of the property that has seen little to no prior drilling.
At the same time, the drill result released today lies precisely within a well-defined magnetic structure spanning ~1,200 m that had already stood out due to strong gold anomalies at surface.
This provides the first clear confirmation of what had previously been indicated by geophysics, geochemistry and structural interpretation: Gran Pilar is evolving from a single deposit into a multi-kilometer gold system.
Importantly, this new discovery is not isolated, but part of a broader structural corridor that remains largely untested.
The ongoing 20,000 m drill program is designed with exactly this objective in mind: To systematically discover, expand and define the gold-silver system, thereby laying the foundation for a future resource estimate.
Today’s news marks the beginning of this next phase.
A Key Advancement: The Structures are Becoming Clear
Beyond the drill result itself, the discovery provides something even more important:
- A significantly improved understanding of the geometry of the gold zones in the South Block.
- Gold mineralization begins directly at surface, multiple zones were intersected and the drill hole started within mineralization.
This implies:
- The true thickness has not yet been fully defined. At the same time, follow-up drilling can now be targeted much more precisely.
- With this improved understanding, the likelihood increases that future drilling may return wider intervals, greater thicknesses and potentially higher grades.
- The exploration methodology is working and is now becoming significantly more precise.
CEO Puts the Discovery into Strategic Context
Brodie Sutherland, CEO of Tocvan, described the significance of the results as follows:
“This is a landmark result for Tocvan. For the first time we have aggressively tested well beyond the Main Zone in the South Block and immediately intersected mineralization at surface. The location within a large magnetic anomaly that already shows the strongest surface gold geochemistry on the project underscores the scale potential we see at Gran Pilar. With over 2,400 meters already drilled in our fully funded 20,000-meter program, we are well positioned to continue expanding this new discovery and testing additional high-priority targets. Currently drilling is active 300 meters east of this new discovery, testing the current eastern limit of known mineralization. Our programs are fully funded for drilling and pilot mine operation. With a clear path to near-term pilot production, these early South Block results significantly increase the scale and potential of Gran Pilar.”
Reading between the lines, it becomes clear: This is not about a single hit, but about the systematic expansion of a larger system. Notably, both the ongoing drill program and the planned pilot mine are fully funded.
South Block in Focus: Foundation for the Pilot Mine
The South Block is currently at the center of activity, and for good reason. It forms the foundation for the planned pilot mine. Accordingly, ongoing drilling is aimed at identifying and precisely defining additional near-surface, gold-rich zones.
Previous drilling in the South Block had already demonstrated the presence of mineralized zones close to surface, including broad intervals with strong grades.
The latest results significantly expand this picture. They indicate that, beyond the areas already identified, additional zones may exist that could be suitable for the pilot operation.
Timing is also a key factor: With the pilot plant expected to be on site within the next 1-2 months, there is sufficient time to define additional mineralized material through further drilling and to identify the most suitable mining areas.
Exploration is therefore not only advancing geological understanding, but is directly supporting operational development as well.
18,000 m of Drilling Still Ahead
The current discovery is part of a fully funded 20,000 m drill program, of which only about 2,400 m have been completed to date. This means that the majority of drilling is still ahead.
With the improved understanding of the structures, upcoming drill holes can now be more precisely targeted, with the potential to further define and expand the newly discovered zone and support the basis for a future resource estimate.
The results reported today therefore represent only the beginning. Many more drill results are expected to follow at regular intervals.
3 Systems Within an Expanding Gold District
With the latest developments, a broader picture is beginning to emerge that goes well beyond a single deposit. The established Main Zone deposit, the growing discovery in the South Block and the still largely untested North Block together form a project with multiple deposits within a larger system.
The evidence is increasingly pointing to Gran Pilar evolving into a district-scale gold system with substantial resource potential.
Strategic Relevance
This type of development is particularly important for institutional investors and larger mining companies.
Gran Pilar is no longer just a single deposit, but increasingly a project with multiple zones, clearly recognizable expansion potential and a growing overall system.
Projects with these characteristics can become relevant in the context of potential takeovers or strategic partnerships. Gran Pilar is increasingly beginning to exhibit some of these features.
Bottom Line
Today’s news-release does not mark an end point, but rather the beginning of an important new phase. It shows quite clearly that:
- The exploration methodology is working.
- The potential for a large-scale gold system has now been confirmed.
- The structural framework in the South Block is becoming increasingly well understood.
Above all, however, it highlights what the focus is now: No longer just isolated drill hits, but the systematic delineation of a much larger gold system.
Or put another way: Today’s results show where the gold runs. The upcoming drill holes is expected to help reveal how large this system may ultimately be.
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: 78,150,454
Canada Symbol (CSE): TOC
Current Price: 0.77 CAD (03/31/2026)
Market Capitalization: 60 million CAD
Germany Symbol / WKN (Tradegate): TV3 / A2PE64
Current Price: 0.47 EUR (03/31/2026)
Market Capitalization: 37 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”; “the Company”) 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, other than statements of historical fact, constitute forward-looking statements. This report contains expectations, interpretations, projections and assumptions made by the author based on information available at the time of writing, including public statements by the Company and its representatives. Forward-looking statements include, but are not limited to, statements, expectations, assessments and assumptions regarding: The significance and interpretation of recent drill results from the South Block, including the extent to which such results may help define, expand or better understand mineralized zones; the potential for follow-up drilling to refine geological models, improve targeting and return additional mineralized intervals; the scope, pace and effectiveness of ongoing and planned exploration activities, including the execution of the 20,000 m drill program and testing of previously untested areas; the geological prospectivity of the Gran Pilar Project, including the possible size, continuity and economic relevance of mineralized systems across the South Block, Main Zone and North Block; the potential for multiple zones to contribute to a broader mineralized system; the advancement of technical work programs, including metallurgical testing, environmental baseline studies and infrastructure preparation; the development, timing, construction, installation, commissioning and operation of a pilot facility, including assumptions regarding performance, recoveries, throughput and scalability; the extent to which pilot-scale work may provide useful technical data or inform future development decisions; the ability to define suitable material for pilot-scale operations; the adequacy of available funding to support exploration and development activities; and the anticipated timing and impact of future operational milestones, exploration results and news flow. Statements in this report regarding exploration potential, system size, expansion opportunities, pilot facility development, operational progress or future development pathways are based on limited information, management commentary and publicly available disclosures at the time of writing. Such statements are inherently uncertain and should not be interpreted as a guarantee of future performance, a mineral resource estimate, an economic study, a production decision or an assurance that any specific technical, geological or commercial outcome will be achieved. There are currently no mineral reserves defined for the project, and no assurance can be given that ongoing or future work will result in the definition of a mineral resource, successful pilot operations or the advancement of the project to commercial production. Forward-looking statements are based on current expectations, assumptions and beliefs of management and the author as of the date of publication and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or developments to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to: The inherently speculative nature of mineral exploration and development; the possibility that drill results may not meet expectations or confirm current geological interpretations; geological uncertainties related to grade, continuity, geometry and economic relevance of mineralized zones; the risk that follow-up drilling may not successfully expand or define mineralization; risks related to delays or changes in exploration programs due to contractor performance, equipment availability, weather, access, permitting or logistical constraints; risks related to sampling, assaying, laboratory turnaround times, data quality and interpretation; operational risks associated with drilling and field activities; uncertainties related to the timing, cost, construction and performance of a pilot facility, including the possibility that pilot-scale results may not be representative of larger-scale operations; risks associated with metallurgical variability, recoveries and processing performance; dependence on third-party contractors, laboratories and service providers; environmental, regulatory, permitting and social risks, particularly in Mexico; financing and liquidity risks, including the possibility that additional capital may be required and may not be available on acceptable terms; fluctuations in gold prices, exchange rates, inflation, interest rates and capital market conditions; and broader macroeconomic, geopolitical and industry risks beyond the Company’s control. In addition, portions of this report include commentary on market conditions, including trends in gold prices and gold equities. Such commentary reflects market interpretation only and should not be construed as investment advice, a prediction of future performance or an assurance that historical patterns will repeat. 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 and future events may differ materially from those expressed or implied. 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 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.
