Tocvan Ventures outlines its exploration plans for recently acquired El Picacho gold-silver project in Mexico

Tocvan Ventures Corp has unveiled its exploration plans for the recently acquired El Picacho gold-silver project in Sonora state, Mexico -  thought to be an orogenic gold system.

As reported in September this year, the firm inked a definitive agreement with Millrock Resources Inc over the asset, which hosts five main target areas so far identified called San Ramon, Cornea, Jabali, Puerto and Tortuga, which span over six kilometers (km) of prospective trend.

The project is fully permitted to carry out 1,995 meters (m) of trenching, 60 drill holes (up to 15,000m) and 2.2km of access roads.

“As we look to continue the advancement of our Pilar Project we are equally excited to begin exploration at El Picacho,” said Tocvan’s vice-president (VP) of exploration Brodie Sutherland in a statement.

“El Picacho is an important acquisition for Tocvan as we look to expand our portfolio of quality gold-silver assets in Sonora. The Caborca Orogenic Belt is host to major gold and silver producing mines and we believe the geology and structural features at El Picacho are favourable to the orogenic gold model.

READ: Tocvan Ventures kicks off field operations again at Pilar project in Mexico

Sutherland noted that the majority of the five targets have never been drill tested and Tocvan was looking forward to advancing them to “drill ready status over the next year”.

Tocvan said this year and next’s plans were: target evaluation, surface sampling, detailed mapping and drill targeting. Trenching and channel sampling up to 800m will be carried out at San Ramon and Cornea, while up to 400m will take place at Jabali.

The El Picacho property lies within the regional Caborca orogenic gold belt known for producing gold mines that include La Herradura and San Francisco. It sits 140km north of Hermosillo and totals 2,414 hectares (Ha). Previous surface sampling has identified high-grade gold and silver values.

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Story by ProactiveInvestors