Tocvan's El Mezquite Drilling Returns 106.8m of 0.5 g/t Gold, Extending Trend
TCVNF has more than doubled off its 52-week low of $0.196 on light trading volume (0.1× avg).
Summary
Tocvan reported a broad near-surface intercept at El Mezquite: 106.8 m grading 0.50 g/t Au and 3.5 g/t Ag within a 271.5 m envelope of 0.3 g/t Au from 1.5 m depth. This is the third major hole on the trend, extending mineralization 130 m north of the discovery hole and confirming continuity over ~1,400 m. The grades are above typical heap-leach cut-offs for Sonora, and the zone sits 1.6-1.9 km from the permitted pilot plant, supporting the company's path to near-term production. With 3,501 m of assays pending and first doré targeted for Q4 2026, this result strengthens the resource case for Gran Pilar.
At the time of this announcement, TCVNF was trading at $0.55 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $43.2M. The 52-week trading range was $0.20 to $0.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.