Tocvan Ventures Secures $3 Million for Gran Pilar Project Drilling

Tocvan Ventures Corp has announced a $3 million private placement to advance its Gran Pilar Gold-Silver Project in Sonora, Mexico. The placement comprises an anchor investment of $1.8 million from an institutional investor and $1.2 million from other investors.

The funds will drive drilling activities, including 1,250 meters of core drilling in Pilar's Main Zone, starting in December. An extensive 2,000-meter RC drilling program aims to explore northern corridors. The drilling is essential for building a geological model and assessing resource potential.

Beyond drilling, funds will aid test mine permits for a 50,000-tonne bulk test mine planned for early next year. Tocvan targets non-dilutive financing methods to support this phase. Aiming to enhance shareholder value, the initiative underscores the project's growth potential.