Philippines Exploration Update: TVI Targets Expanded 2007 Philippine Exploration Program
Filed under: Mine - Canatuan, Mineral - Copper, Mineral - Gold, Operator - TVI Pacific, Operator - TVI Resource Dev., Region 09 - Zamboanga Del Norte
CALGARY, ALBERTA–(CCNMatthews - March 1, 2007) - TVI Pacific Inc. (TSX:TVI) (”TVI” or the “Company”) today provided a review of its expanded Philippine exploration program for 2007, as recently approved by its Board of Directors. The Philippine Exploration Work Program to be carried out by TVI’s affiliate, TVI Resource Development (Phils.), Inc. (”TVIRD”) and funded by internally generated cash flow, targets the Company’s main strategic exploration objectives within its current exploration areas of Canatuan, Balabag, North Zamboanga and in the greater Philippines.
The Company announced that an Aerial Geophysical Survey encompassing 371 km2 to be flown over the Canatuan Tenements, including the Canatuan mine area and the recently identified new prospects at Tabingan, Matigdao and Palalian, is expected to be added to the 2007 Program.
“TVI has created a platform of growth in the Philippines and we plan to capitalize on it,” said Clifford James, TVI President and CEO. He added, “We believe the Canatuan area has the potential to become a long-term Mining Camp and TVI is reinvesting its cash flow to find out if we’re right. The Aerial Survey adds an important element to the search.”
Maps setting out additional information relating to the Exploration Work Program may be found on the Company’s website at www.tvipacific.com. An explanation of Philippine Tenement Terms can also be found on the Company’s website.
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