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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Post by rockingroosteron Jul 30, 2021 10:45am
172 Views
Post# 33631876

reviewing BALABAG MINE update on TVI website....

reviewing BALABAG MINE update on TVI website....Updated photos ,as recent as July 26,2021.Interesting paragraph....
"has progressed to the stage at July 26, 2021 of feeding mineralized material from its low-grade run of mine (“ROM”) mineralized stockpile through the plant on a test basis in preparation for the commencement of continuous milling operations."

Since Balabag has "An approximate 92,800 tonnes of mineralized material is on the ROM mineralized stockpile, in-pit stockpile, and crushed mineralized stockpile as at July 26, 2021, much of which is low to marginal grade and was mined to expose the higher-grade mineralized resource during waste stripping and bench forming.  The stockpiles have an average grade of 1.37 g/t gold and 47.82 g/t silver for an approximate 1.94 g/t gold equivalent at metal prices of US$1,700/oz for gold and US $20/oz for silver.  

IMO with approx 6 to 7 weeks of ROM to work thru we are looking at full commissioning around Sept 6-10,2021

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