Accesswire
23 Jul 2026, 06:05 UTC · 2h ago
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Tocvan discovered a new high-grade silver-gold zone at surface with a standout intercept of 1.5m grading 581 g/t Ag and 2.2 g/t Au. — High-grade discoveries, especially at the surface, significantly increase the intrinsic value of a mining asset and the probability of economic viability.
+0.70The new mineralization is located 900 meters from the permitted 50,000-tonne Pilot Facility, supporting low-cost development and reduced haulage. — Proximity to existing permitted infrastructure drastically lowers Capex and operational costs, accelerating the path to production.
+0.60The company is targeting first gold-silver doré production in Q4 2026. — Providing a concrete timeline for first production transforms the company from a pure explorer to a near-term producer, reducing risk for investors.
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Multiple drill holes confirmed the continuity of a robust vein system and intersection with historic underground workings. — Validation of structural continuity reduces geological risk and suggests the potential for larger resource expansion.
+0.40Which stocks this story touches
The company announced a new high-grade silver-gold discovery at its Gran Pilar project with significant near-surface mineralization.
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