March 10th, 2023 | 10:06 CET
Tocvan Ventures, JinkoSolar, Commerzbank - With gold and silver towards a real energy turnaround
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"[...] Both the geology and the infrastructure around the project make for a very attractive cost structure. We expect to be able to produce at 50% of the current gold price. [...]" Bill Guy, Chairman, Theta Gold Mines Limited
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Tocvan Ventures - Test drilling of Pilar project promising
Of all metals, silver has the highest electrical conductivity, making it a valuable ingredient for solar cells and electric vehicle (EV) components. The demand for silver in the photovoltaic and electric vehicle industries has grown steadily over the past decade, and experts expect demand to continue to increase in the coming years as these industries gain momentum around the world, especially in developing countries.
Tocvan Ventures Corp. is an early-stage resource company focused on the acquisition, exploration and development of mineral properties. Pilar, a gold-silver property, has recently produced some of the most attractive drill results in the region. Gold values averaging 1.4 g/t were reported from Pilar, up to 8.3 g/t Au. Reported silver values averaged 11 g/t, reported up to 65 g/t Ag. Results will serve as the basis for bulk sampling to obtain a representative mix of material from surface at Pilar.
From previous surface work and drilling, three primary zones of mineralization have been identified in the northwestern portion of the property, known as the Main, North Hill and 4-T zones. Structural features and zones of mineralization within the structures follow a general NW-SE trend of mineralization. To date, over 22,000 m of drilling has been completed.
CEO Brodie Sutherland adds: "We are getting a representative picture of what the mineralization looks like at surface at Pilar. And how to extract the gold and silver mineralization. We expect the Pilar area to be comparable to other regional mining operations. At the La Colorada silver mine, which is only 80 km away, the average gold recovery is about 6 g per ton and ranges from about 55% to just over 80%."
Gold plays a significant role in forward-looking technologies such as solar, aerospace, and electromobility, which will continue to grow in the coming years. Gold is used as a coating on aircraft windshields to reflect infrared radiation. In addition, gold nanoparticles increase the efficiency of solar cells. Combined with promising gold and silver recovery data from metallurgical test work, Pilar is a potential near-term producer.
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