PMEA Blog

CALGARY, ALBERTA–(CCNMatthews - Feb. 13, 2007) - TVI Pacific Inc. (”TVI” or the “Company”) (TSX:TVI) today announced that its affiliate, TVI Resource Development (Phils.), Inc. (”TVIRD”), has identified a new copper-gold prospect near its producing mine at Canatuan, Siocon, Zamboanga del Norte on the southern island of Mindanao. The prospect, called Tabingan, is located approximately 10 aerial kilometres northeast of Canatuan.

Certain statements in this News Release constitute forward-looking statements, including statements respecting additional exploration activities at Tabingan, the estimated remaining mine life of the Canatuan mine and the timing of receipt of regulatory approvals from Government authorities in the Philippines. Readers should refer to the cautionary statement that appears at the end of this News Release.

The Tabingan outcrop was identified as a result of TVIRD’s reconnaissance work (involving to date, mapping, channel and limited geochemical sampling), which targets, among other areas, TVIRD tenements surrounding Canatuan. The objective of this component of the exploration program is to discover additional resources that may be processed through the Canatuan facility in order to extend the current estimated mine life of 8 years.

The Tabingan outcrop, located in TVIRD’s Exploration Permit Application (EXPA-00061-IX), yielded banded to massive sulphides hosted in a quartz-sericite schist body, essentially similar in nature and attitude to the Canatuan ore body. The sulphide-schist occurrence is estimated to reach up to 20 metres in thickness and has been traced over several hundred meters to date over multiple exposures along two tributaries to the Tabingan Creek. More work is needed to further delineate the mineralized zone. The total surface area of the TVIRD tenement hosting the outcrop is 14,580 hectares in size and remains largely under explored, as exploration activities to date have concentrated on the south-western part of the tenement.

Read More