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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

Comment by CountOfMeltedCriscoon May 30, 2021 2:43pm
109 Views
Post# 33294300

RE:Some fun calculations re Test Ore re commissioning....

RE:Some fun calculations re Test Ore re commissioning....Imagine when they start working the "good stuff";  some people are gonna need fresh batteries in their pacemaker(s). 

rockingrooster wrote: 63,000 tons @ 1.19 g/t Gold    = 2,640 ounces  x 1900 usd  =$5,016,000
                  @ 37.73 g/t Silver = 83,680 ounces x 28.00 usd =   $2,343,000
Total $ 7,359,000
At 2,000 tons a day = approx 1 month to process.Not too bad.
Mining operations are proceeding and there are now approximately 63,000 tonnes of ore on the ROM ore stockpile, in-pit stockpile, and crushed ore stockpile as at the date of this MD&A. Much of the ore is low to marginal grade which was mined to expose the higher-grade mineralized resource during waste stripping and bench forming and is being used as test ore for commissioning the plant. The stockpiles have an average grade of 1.19 g/t gold and 37.73 g/t silver.



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