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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

Bullboard Posts
Comment by sadoneon Feb 17, 2004 1:28am
298 Views
Post# 7068596

bulatlat

bulatlatWell, I hate to say this bulatlat, but it sounds like TVI did them a huge favour and cleaned up the environment for the locals. Just read the conclusion: ""Now that the cleanup is finished, TVI is in a position to move to the next phase of the Canatuan Mining Project, as approved under the three-year Work Program of the Partial Declaration of Mining Feasibility. The first step will be to upgrade the access roads to the mill site and to the community. At the same time, the company will substantially expand the capacity of the Canatuan Mill, and finally, begin construction of the mine itself. Over its planned life, the mine will extract gold, silver, copper and zinc, and will be a major generator of tax revenues and employment in the Canatuan and Siocon areas. In addition to developing and operating the Canatuan Mining Project, TVI will, at the same time, work with the Subanen community and other groups to promote and undertake a wide range of social development programs that will greatly improve local health, education and economic conditions in the area," the statement added."
Bullboard Posts