- Location: Suaqui Grande - Sonora
- Stage: Moderate to Advanced Exploration
- Ownership: 100% owned (no royalties)
- 51% Optioned to Tocvan Ventures (5 year schedule)
- Earn In Terms: (Staged)
- $2,000,000 exploration to be performed
- Issuance of 5,000,000 shares of TOC + $400,000
- Earn In Terms: (Staged)
- Partner reported drill intersections of 94.6m of 1.6 g/t Au including 9.2m of 10.8 g/t Au and 41.2m of 1.1 g/t Au
- 51% Optioned to Tocvan Ventures (5 year schedule)
- Near Surface Mineralization
- Oxidized, Open Pit Heap Leach Potential, Low Sulfidation/Epithermal, Highly Fractured
Pilar Gold & Silver Project
Summary
Exploration To Date
- Identified Mineralized zone: 1,200m x 625m
- Drill tested and remains open on trend and at depth
- 22,000m cumulative Drilling (Core & RC) - to approx. 125m vertical depth
- Average metallurgical recovery: 92% (average of three 72 hour bottle roll tests)
- 2,650m+ of Channel/Trench Sampling
- Trench samples as high as: 55.4 g/t Au over 3m, 28.6 g/t Au over 6m, and 3.39 g/t Au over 50m
- Magnetic & 3DIP Surveys completed over full concession
- Extensive Chip Samples & Soil Samples (mapped)
- Au in Soils in undrilled area reach as high as 2.03 g/t Au
Past Drilling Highlights
Recent Geophysical Survey Highlights
- Figure 1a: Zones of mineralization (North Hill, Main, 4-Trench) as outlined by historic drilling.
- Figure 1b: 3D Inversion Magnetic Susceptibility slice at ~350m depth. NW-SE shear corridor with N-S structures bounded within.
- Figure 2: 3D Magnetic Inversion (~350m depth). NW-SE shear corridor bounding N-S structures.
- The study has interpreted underlying structures which may have acted as the “plumbing” required to create the shallow mineralization identified near surface by historical drilling and sampling.
- This structure is hypothesised to be 1000m by 250m by 300m.
- Target is higher grade and continuity of mineralization associated with lower order “feeder” structure.
Go Forward Plans
➢ Advanced Interpretation and Modeling - (Underway)
➢ Resource Infill Drilling - (Underway)
➢ Exploration Drilling - (Underway)
➢ 1,000 tonne Bulk Sample (Underway)
➢ 43-101 Compliant Resource Estimation - 2023
➢ Preliminary Economic Assessment - 2024
➢ Potential Open Pit Heap Leach Operation - 2025