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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 Dec 23, 2023 3:39pm
326 Views
Post# 35799296

So on June2,2023 Greenstone Resources stated ..

So on June2,2023 Greenstone Resources stated ..Siana Restart Progress Update Summary: Established, fully permitted for commercial production in January 2024.
The only other update we recieved  about Siana was from the MD&A from TVI,s 3rd quarter results ( ending Sept 30/23)

TVIRD has progressed with rehabilitation of the plant to the stage that soft commissioning commenced on December 9, 2022 and is continuing. 
Through to September 30, 2023, a total of 365,249 tonnes of low-grade stockpile mineralized material with an average grade of 0.68 g/t Au and 4.37 g/t Ag has been milled, averaging through the same period a plant utilization of 64% and an average throughput of 1,900 tpd to manage the drawdown of the low-grade stockpile until the full development of the open-pit is achieved. A total of 699 kilograms of dor containing 6,401 oz of Au and 15,377 oz of Ag have been smelted and a total of 645 kg of dor containing 6,132 oz of Au and 14,217 oz of Ag have been shipped as at September 30, 2023. The plant was shut down in August for further maintenance.
Hopefully SIANA will announce Commercial Production next month.glta

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