ZAMBOANGA CITY (Mindanao Examiner / Aug. 21, 2012) – Canadian company TVI Pacific said it has filed an updated National Instrument 43-101 (NI 43-101) technical report on the Balabag Gold Project in Zamboanga del Sur province in the southern Philippines
The report was prepared for TVI Resource Development Phils. Inc (TVIRD), TVI’s Philippine affiliate, by Clinton P. Smyth, P. Geo, Georeference Online Ltd of Vancouver, British Columbia, Canada.
TVI said the NI 43-101 technical report is available on SEDAR at www.sedar.com and on TVI’s website at www.tvipacific.com.
Based on drilling completed to the end of June 2011, Yulo Perez, TVIRD Chief Operations Officer, estimates an indicated mineral resource of 1.78 million tons averaging 2.34 grams per (ton) of gold and 72.3 grams per (ton) of silver containing 134,262 ounces of gold and 4,148,196 ounces of silver.
But readers are cautioned that such estimates remain conceptual in nature and mineral resources that are not mineral reserves do not have demonstrated economic viability.
TVI Pacific Inc. is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines through its affiliate TVIRD.
TVIRD produces copper and zinc concentrates from its Canatuan mine, is pre-developing its Balabag gold and silver project, and is carrying out exploration programs on its other North Zamboanga tenements. TVI also has an interest in an offshore Philippine oil property.
20