Tocvan Confirms New Silver-Rich Discovery at Gran Pilar North Block, Adds Second Drill Rig for Expansion

Tocvan Ventures Corp. ( (TSE:TOC) ) has provided an update.

Tocvan Ventures reported the first analytical results from its maiden drill program on the North Block of the Gran Pilar Project in Sonora, Mexico, confirming a new silver-rich polymetallic system distinct from the project’s South Block/Main Zone. Initial drilling from five holes outlined 25 silver-rich intervals, including a standout intercept of 4.58 meters grading 35.7 g/t silver with a 1.5-meter sub-interval at 91.6 g/t silver, supported by elevated copper, lead, zinc, antimony and arsenic, and coinciding with strong epithermal-style alteration hosted in silicified andesitic dikes. With three of five holes returning grades above 1 oz/t silver across targets 1.8 kilometers apart, Tocvan plans aggressive follow-up including step-out drilling, systematic work on shallow polymetallic zones, expanded alteration mapping, 3D modelling and the mobilization of a second drill rig in February, positioning the company to rapidly assess the scale, continuity and growth potential of this emerging discovery for stakeholders.

The most recent analyst rating on (TSE:TOC) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.

Spark’s Take on TSE:TOC Stock

According to Spark, TipRanks’ AI Analyst, TSE:TOC is a Neutral.

The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and increasing cash burn despite a clean/no-debt balance sheet). Technicals provide some support due to the price trading above major moving averages, but elevated RSI/Stoch suggest the move may be stretched. Valuation remains unattractive/indeterminate given negative earnings and no dividend data.

To see Spark’s full report on TSE:TOC stock, click here.

More about Tocvan Ventures Corp.

Tocvan Ventures Corp. is a mineral exploration company focused on precious and base metal projects in Mexico, with an emphasis on epithermal systems hosting gold, silver and associated polymetallic mineralization. The company is advancing its Gran Pilar Project in Sonora, where it is targeting both silver- and gold-rich zones to build a pipeline of potentially scalable deposits.

Average Trading Volume: 88,231

Technical Sentiment Signal: Buy

Current Market Cap: C$78.92M

Learn more about TOC stock on TipRanks’ Stock Analysis page.