Tocvan Announces Addition of Second Drill Rig and Accelerates High-Priority Drill Targets at Flagship Gran Pilar Gold-Silver Project

Key Takeaways

• Second RC rig doubles monthly drill meterage
• Parallel drilling targets five South Block zones
• Surface intercepts 22.9 m of 0.6 g/t Au
• Soil anomalies show up to 21.2 g/t Au
• Accelerated data supports pilot plant and resource estimate

Pulse Analysis

Tocvan Ventures is leveraging Sonora’s mining‑friendly jurisdiction to develop Gran Pilar, a 21‑km² gold‑silver project that has already delivered notable surface and drill intercepts. The region’s prolific porphyry systems and recent high gold prices make it a magnet for exploration capital, and Tocvan’s 100% ownership gives it flexibility to scale operations quickly. Robust metallurgical testing—showing up to 99% gold and 97% silver recovery—further strengthens the project’s economics, positioning it as a potential near‑term producer.

The addition of a second reverse‑circulation rig on April 6 dramatically increases Tocvan’s drilling throughput, enabling simultaneous work on multiple high‑priority targets. This includes the newly identified South Block gold‑silver zone, the El Mezquite fault‑controlled anomaly, and several extensive soil‑geochemistry trends that have returned up to 21.2 g/t Au and 2,000 g/t Ag. By accelerating the 20,000‑meter program, the company can generate a richer dataset to refine the mineralized footprint, improve grade continuity, and reduce geological risk ahead of a maiden resource estimate.

For investors, the faster drill schedule translates into earlier visibility on reserve potential and a clearer path to the planned 50,000‑tonne pilot production facility. In a market where gold has surged above $2,000 per ounce, a well‑defined resource can attract strategic partners and lower financing costs. Tocvan’s combined exploration success, high‑grade intercepts, and near‑term metallurgical validation suggest the Gran Pilar project could become a significant contributor to its portfolio, enhancing shareholder value as the company moves from exploration toward development.