PMEA Blog

CALGARY, ALBERTA–(Marketwire - Feb. 22, 2010) - TVI Pacific Inc. (TSX:TVI) (”TVI” or the “Company”) announced today drilling has resumed at the Balabag epithermal gold project that is 100%-owned by its subsidiary TVI Resource Development (Phils.), Inc.’s (”TVIRD”). The property, covered by Mineral Production Sharing Agreement MPSA 086-97-IX, is located approximately 76 kilometres northeast of TVI’s operating copper/zinc mine at Canatuan, municipality of Siocon, Zamboanga del Norte province.

In June 2007, TVI released a National Instrument 43-101 compliant mineral resource estimate of 208,000 gold equivalent ounces (AuEq Oz) at 3.84 grams per tonne (g/t) AuEq indicated category, and 240,700 AuEq Oz at 3.05 g/t AuEq inferred category (Lafleur 2007). In July 2008, TVI released the Balabag Scoping Study (Genivar 2008). The purpose of the Scoping Study was to assess the mining potential of a stand-alone, commercial, large-scale mining operation centred on the currently delineated Balabag deposit and to provide an order of magnitude of its economic potential.

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