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Tocvan Ventures Update on Rogers Creek Project in British Columbia

Mining News - Published on Fri, 20 Sep 2019

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Tocvan Ventures Corp has provided the following exploration update from its Rogers Creek Project, situated in southwest British Columbia.

Highlights include:

Collection of 48 rock grab samples during reconnaissance program

Results included:
2.41 g/t Au from Target I; o 0.15% Cu from Target I;
1.92 g/t Au, 0.10% Cu and 25 ppm Ag from a new target area

Planned work includes IP survey and follow-up on new target area.
A total of 48 rock grab samples were recently collected during a reconnaissance program.

Results yielded values of 2.41 g/t gold, 1.92 g/t gold, and up to 0.15% copper in separate rock samples. The 1.92 g/t gold assay is from a new road cut exposure. Follow-up work is recommended to further define the extent of mineralization in this new area.

2019 sample results confirm that Target I, one of four Target Areas on the Property, contains mineralization and alteration inferred to be associated with a porphyry-style Cu-Au-Ag system. Historic surface sampling within Target I returned up to 23.1 g/t Au with 0.5% Cu and 136 ppm Ag (Figure 2).

A single 2.5km long Induced-Polarization line is scheduled to be surveyed in September to test the northern extent of a chargeability anomaly discovered during a 2015 survey. Historic drilling in 2011 completed along the northern edge of the chargeability anomaly intersected 0.172% Cu over 12.3 m in drill hole MRC-007. The additional IP line will assist in defining the chargeability anomaly northward and guide future drilling.

On May 24, 2018, Tocvan announced it had entered into an Option Agreement with Carube Copper Corp that provides Tocvan the right to earn 80% of the Rogers Creek Property. The Rogers Creek Property covers 212.34 km2 in the Coastal Mountain Belt of British Columbia, approximately 90 km northeast of Vancouver, B.C. The Property consists of four target areas being explored for porphyry-style copper-gold mineralization.

On September 17, 2019 Tocvan and Carube signed an amendment to the original option agreement reducing Tocvan’s Year One minimum work commitment from $200 000 to $100 000. The 2019 IP Survey, together with exploration activity described above will provide for this work commitment. Tocvan is hopeful that encouraging 2019 exploration results will provide basis for a 2020 diamond drill program.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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