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Malibu, CA, Oct 4, 2021 AEST (ABN Newswire) - In this segment of the Ellis Martin Report we speak with Tocvan Ventures' (
CNSX:TOC)(TCVNF:OTCMKTS)(TV3:FRA) Derek Wood about the company's procurement of a 100% Interest in the Rogers Creek Copper Porphyry property in Southwestern BC announcing a spin-off transaction along with it.
About Cascade Copper:
Cascade Copper is a newly created company that will have two very advanced-stage copper porphyry properties located within the Miocene age intrusions of the Cascade Magmatic Arc in south western BC: the Rogers Creek Property and the Fire Mountain Property. The two properties are contiguous, and both are advanced to a drill-ready stage. Combined, the properties have seen over 3 million dollars of exploration to date and cover an area of approximately 240 square kilometres. Work to date has advanced the properties from a small showing discovered on a logging road in 2007 to an advanced exploration-stage with evidence for a large mineralized system. This has validated the initial working hypothesis that there is considerable potential to discover significant mineralization within the Miocene age intrusions of the Cascade Magmatic Arc in south western BC, which have seen very little modern exploration.
The proposed Spin-Out will be subject to the approval of Tocvan's shareholders which Tocvan intends to seek at a special meeting of shareholders (the "Shareholders' Meeting"). The date for the Shareholders Meeting has not yet been determined. The Spin-Out is subject to Canadian Securities Exchange ("CSE") approval and the Spin-Out also requires the approval of the Alberta Court of Queen's Bench. Tocvan intends to seek a listing of the Cascade Copper common shares on the CSE but no assurance can be provided that such a listing will be obtained. Any such listing will be subject to Cascade Copper fulfilling all of the requirements of the CSE. Further details of the Spin-Out, including the date for the Shareholders' Meeting and any amendments to the number of Cascade Copper common shares to be granted to shareholders of Tocvan will be announced in the near future. Shareholders are cautioned that the final details of the Spin-Out are still to be determined and there is no certainty that the Spin-Out will be completed on the terms currently proposed or at all.
To view the Interview, please visit:
https://www.abnnewswire.net/press/en/107313/toc
About TOCVAN Ventures Corp.
Tocvan Ventures Corp. (CNSX:TOC) is a dynamic exploration and development company advancing high-potential gold and silver projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar Gold-Silver Project, Tocvan holds a 100% interest in over 21 km² of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for scalable mine infrastructure, including a planned 50,000-tonne pilot production facility. The Company also maintains a 51% interest in a 1 km² joint venture area with Colibri Resources, further expanding its footprint. Recent exploration successes, including near surface 3.1 meters at 19.4 g/t Au, underscore Gran Pilar''s potential as a premier gold-silver asset. Additionally, Tocvan''s 100% owned Picacho Gold-Silver Project, located in the prolific Caborca Trend-home to some of Mexico''s largest gold deposits-positions the Company for further growth. With robust metallurgical results (up to 99% gold and 97% silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value in a market buoyed by record-high gold prices. With approximately 62 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development, and investor-focused initiatives.
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