Tocvan Ventures Corp. and Colibri Resource Corporation announced drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico. Results are highlighted by drillhole JES-24-79 which returned 42.7 meters of 1.0 g/t Au from 22.9 meters vertical depth, including 3.1 meters of 10.9 g/t Au.

Anomalous gold values averaging 50.3 meters of 0.8 g/t Au was encountered in the hole. A high-grade center to the mineralized zone returned 10.9 g/t Au and 2 g/t Ag over 3.1 meters, including 1.5 meters of 21.4 g/t Au. Like the Main Zone, the North Hill trend is exposed at surface along a rounded ridge top, allowing the potential for a low strip ratio during early development.

The hole tested near-surface mineralization and was stopped at 125.1 meters, mineralization at North Hill remains open along trend and to the east. In addition, four exploration holes on the northeastern flanks of known mineralization (JES-24-78, 80, 81 and 82) are also included in this release. Results for six drill holes are currently pending analysis.

Drilling is ongoing at Pilar. The drillhole targeted near surface mineralization vertically below a previous drillhole completed by Tocvan in 2021, JES- 21-53, which returned 15.3 meters of 1.1 g/t Au. JES-24-79 returned 42.7 meters of 1.0 g/t Au from 22.9 meters depth including high-grade mineralization up to 21.4 g/t Au over 1.5 meters.

The hole is located 300 meters to the west- northwest of the previously announced JES-24-77 (56.4 meters of 1.0 g/t Au) and 300 meters northeast of the Main Zone centered around drillhole JES-22-59 (116.9 meters of 1.2 g/t Au and 7 g/t Ag). The trend remains open to the northwest, southeast and east. The North Hill corridor is a 500-meter-long trend that extends from surface mineralization to the north, southward towards past drillhole JES-22-72 which returned 10.7 meters of 0.6 g/t Au and 40 g/t Ag from 27.5 meters downhole depth.

Today's result greatly increases the near surface resource potential along this trend. Drillholes JES-24-78, 81 & 82 all tested the northern extension of the 4-T Trend where little data exists. The Company is encouraged by the early results of ideal host lithologies, alteration and elevated pathfinder elements.

The upper part of hole JES-24-78 hosted elevated silver, arsenic and antimony, all key pathfinder elements for close proximity to epithermal mineralization. JES-24-81 returned a zone from surface down to 42.7 meters of elevated gold, silver, arsenic and antimony all great indications of continued mineralization to the north. Hole JES-24-82 returned a 10.7-meter zone of elevated gold, silver and arsenic further verifying the continuation of mineralization along trend.

Drillhole JES-24-80 tested the northeastern edge of the North Hill Trend. Elevated values of silver, copper, zinc, molybdenum, and antimony were reported. A 13.7-meter zone of elevated silver, copper, arsenic, molybdenum and antimony was reported from 80.8 meters vertical depth.

An excellent indicator to close proximity to mineralization and elevated copper as seen at surface and across other drillholes at North Hill.