Tocvan Ventures Uncovers High-Grade Silver-Gold Zone Near Pilot Facility at Gran Pilar Project in Sonora

Prime Location Boosts Gran Pilar Development Economics

The newly discovered mineralized zone offers significant logistical benefits for Tocvan’s Gran Pilar development strategy. Situated just 900 metres east of the permitted 50,000-tonne Pilot Facility and about 1,000 metres northeast of the Main Zone, the discovery enjoys existing road access and nearness to planned infrastructure. This strategic location supports efficient haulage and helps reduce capital expenditures by enabling integration with upcoming production operations.

Tocvan holds a 100% interest in over 21 square kilometres of prospective land at Gran Pilar, strengthened by a key 2023 land acquisition. The property provides ample space for scalable mining infrastructure while preserving operational flexibility. Management notes that the discovery enhances production potential, with surface intercepts and infrastructure synergy positioning the project for low-capex development.

Drill Results Confirm Strong Vein System

The four drill holes targeting the new zone successfully intersected a robust vein system featuring multiple mineralized intervals. Hole JES-26-152 stood out with 1.5 metres grading 2.2 g/t gold and 581 g/t silver. Additionally, this hole included a broader mineralized zone of 9.2 metres grading 0.4 g/t gold and 110 g/t silver from 27.5 metres depth, demonstrating vertical continuity.

Three holes returned consistent near-surface mineralization starting at the surface. Hole JES-26-152 intersected 4.6 metres grading 0.31 g/t gold and 85.59 g/t silver from surface. Hole JES-26-148 yielded 4.6 metres grading 0.49 g/t gold and 85.6 g/t silver, and hole JES-26-150 reported 4.6 metres grading 0.52 g/t gold and 98.12 g/t silver from surface. These results highlight the accessible nature of the mineralization for potential mining.

Historic Underground Workings Validate Vein Continuity

Multiple drill holes intersected evidence of historic underground workings adjacent to mineralization, confirming the vein system’s continuity and longevity. Three of the four holes encountered these features, which Tocvan interprets as confirmation of a substantial, persistent vein system. The presence of historic workings indicates prior recognition and partial exploitation by earlier operators, reinforcing the geological significance.

Company cross-sectional mapping shows the spatial relationship between the new zone and historic workings, with the highest-grade hole, JES-26-152, intersecting mineralization adjacent to these features. This geological framework suggests the vein system extends beyond developed areas and remains open for expansion, especially where soil geochemical anomalies are untested.

Soil Geochemical Anomalies Indicate Expansion Opportunities

The newly discovered zone aligns with a strong soil geochemical anomaly, indicating mineralization intensifies northward along the trend. This geochemical signature guides future drilling to potentially uncover additional high-grade zones within the mineralized corridor. Tocvan’s assessment shows the trend remains incompletely tested, offering significant upside for resource growth.

Soil sampling as part of the exploration program identified multi-element signatures consistent with precious metals mineralization. Gold and multi-element soil analyses were performed using aqua regia digestion and inductively coupled plasma mass spectrometry on 50-gram samples. Over-limit values were reassessed with more robust methods to ensure accuracy, supporting drill targeting that led to this discovery.

Targeting Production Start in Q4 2026

Tocvan is progressing construction of the Pilot Facility with a target to begin first gold-silver doré production in the fourth quarter of 2026. The discovery of this high-grade zone near the facility enhances near-term production planning by potentially adding mineralized material to the pilot schedule. The surface nature of the mineralization favors efficient extraction during pilot-scale operations.

The Pilot Facility is permitted for 50,000 tonnes annual processing capacity, providing a defined production framework. The discovery’s proximity to the facility and existing roads supports integration without major additional infrastructure investment.

Assay Procedures and Quality Assurance

Rock and drill samples from the discovery zone were prepared at ALS Limited in Hermosillo, Sonora, Mexico, with analyses performed at ALS’s North Vancouver laboratory, both ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram fire assay with atomic absorption spectroscopy finish; samples exceeding 10 g/t gold underwent gravimetric finish fire assay for accuracy.

Silver and other elements were analyzed via four-acid digestion with inductively coupled plasma finish. Silver values above 100 g/t were re-assayed using ore-grade four-acid digestion with ICP atomic emission spectroscopy finish. Certified reference materials and blanks were systematically included as part of the company’s quality control protocols to ensure data reliability.

Company Overview and Project Assets

Tocvan Ventures Corp. is an active exploration and near-term production company focused on high-potential gold and silver projects in Sonora, Mexico. Its flagship Gran Pilar Gold-Silver Project is the center of current development, with recent exploration intercepts including 3.1 metres grading 19.4 g/t gold, highlighting the property’s potential.

In addition to Gran Pilar, Tocvan owns 100% of the Picacho Gold-Silver Project within the prolific Caborca Trend, home to some of Mexico’s largest gold deposits. The company has reported strong metallurgical test results, including gold recoveries up to 99% and silver recoveries of 97%. Tocvan currently has approximately 78.7 million shares outstanding. CEO Brodie A. Sutherland, a qualified person under Canadian NI 43-101, has reviewed and approved the technical information.

Market Environment and Precious Metals Outlook

Tocvan’s development plans and recent discoveries come amid strong precious metals market conditions, with record-high gold prices and robust silver demand supporting near-term production at Gran Pilar. The discovery of high-grade, surface-accessible mineralization near planned infrastructure positions the project to capitalize on favorable market dynamics with minimal capital intensity.

The company’s strategy focuses on maximizing the value of its Mexican assets through innovative exploration, strategic development, and investor engagement. The recent drill results and discovery form part of an ongoing exploration program aimed at expanding resources and strengthening the case for near-term production. Management has indicated plans for additional drilling to test the trend’s expansion potential.