Shares of Tocvan Ventures (OTCMKTS:TCVNF) have been moving within a narrow over the past weeks.
Market Reaction
On Thursday, TCVNF stock ended flat at $0.7958 with 50K shares, compared to its average volume of 1.5k shares. The stock has moved within a range of $0.7958 – 0.7958 after opening trade at $0.7958.
New Drill Campaign by Tocvan Ventures to Begin at Pilar Gold-Silver Project in Mexico
Calgary-based resource company, Tocvan Ventures (OTCMKTS:TCVNF), has provided updates regarding its trenching program at the Pilar gold-silver project in Mexico ahead of a planned drill campaign. It is proceeding as per plan and on schedule. Till date, they have completed four trenches at the 4-Trench, North Hill and Main Zone targets. The trench at 4-trench is to be used for structural analysis and future drill targeting. They aim to complete up to seven trenches, totaling 140 meters at the targets.
Another couple of trenches at Main Zone are now complete, and the material is to be utilized for column leach studies and elaborate structural analysis. Channel sample results from trenches can be expected in the first month of 2022. It will be followed by submission of bulk sample material for metallurgical test work. As of now, the company is earning into the Pilar gold-silver project and the El Picacho gold-silver project in Sonora, Mexico.
Tocvan’s vice president exploration Brodie Sutherland confirmed that drilling for the follow up to the Phase II drill program targets is all set to start within next week. Not only are the trench programs at Pilar set to assist in future drill programs, but will also provide bulk sampling material across their oxide targets for more advanced metallurgical test work scheduled to be finished in 2022.
