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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 Bigalexon Oct 18, 2021 10:49am
288 Views
Post# 34017880

Second shipment

Second shipmentHighlights: Balabag has completed its second shipment of gold dor in the amount of 894 kilograms ("kg") containing 641 ounces of gold ("Au") and 27,552 ounces of silver ("Ag") for 992 gold equivalent ounces. The Balabag second shipment of gold dor has generated gross proceeds of US $1.8 million. Balabag mill plant availability month-to-date has been 85% and it is currently processing at a month-to-date average rate of 1,064 dry metric tonnes per day ("tpd") with a continued focus to optimize the operation and to ramp-up throughput to 2,000 tpd. The average recoveries month-to-date have been 93% for Au and 86% for Ag. The average head grade month-to-date has been 1.8 g/t Au and 95.1 g/t Ag.
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