CALGARY, AB, Dec. 29, 2020 /CNW/ – TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) (“TVI” or “the Company”) is pleased to provide an update with respect to operational testing at the Balabag gold and silver project (“Balabag”). Balabag is owned 100% by TVI Resource Development Phils., Inc. (“TVIRD”), a Philippines corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.

• Plant commissioning along with construction of mine facilities is well underway;
• Delivery of the elution heater/heat exchanger, requisite equipment for the gold room, and the completion of Stage 1 of the Tailings Storage Facility remain as the critical paths to bringing the Balabag Mine online with first doré production.

Balabag Gold-Silver Project:

Commissioning of the front-end circuits of the process plant is continuing and has included low grade ore being fed through the crushing area for the purpose of debugging the Mill. Testing of the crushing area, the grinding and flotation circuits, the power plant and water supply are complete. Finishing details of construction and commissioning of the concentrate leach circuit, the Carbon In Leach (“CIL”) area and the detox plant facility are ongoing.

Further recently completed works include construction of the administration building and warehouse, while works are continuing on the reagents storage facility and laboratory. Electrical and piping works are continuing in the gold room where equipment is also now being installed, including the furnace and electrowinning equipment.

Other ongoing works include piping works in the Merrill Crowe circuit and completion of the last permanent camp facilities; namely, the superintendent building.

Critical remaining works include installation of the elution heater/heat exchanger in the gold room upon arrival to site and completion of the Tailings Storage Facility (“TSF”) where stripping and removal of waste materials and the placement, spreading and compaction of numerous layers is continuing. As reported previously, progress at the TSF has been affected in part by above average rainfall.

Current Balabag project development photos can be found on the Company website at TVIPacific.com.

“We commend the team in having reached the commissioning stage of the plant and facilities. The success that has been realized thus far through that process represents a major achievement in the development of Balabag when considering also the additional challenges placed upon the site team including the supply chain logistics of equipment and supplies as a result of the COVID-19 pandemic. Our focus is now turning fully to completion of the TSF as a critical path item.”, said Mr. Cliff James, Chairman and CEO of TVI and Chairman of TVIRD.

Qualified Persons

The Qualified Person responsible for the scientific and technical content of this press release is Mr. Michael James Bue, Bsc. Eng, M.Eng, P.Eng. Mr. Bue has acted as the Qualified Person in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) reporting requirements by virtue of his membership in the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy and has confirmed compliance of this press release with NI 43-101 requirements.
About TVI Resource Development Phils., Inc.

TVIRD, a Philippine corporation in which TVI holds a 30.66% interest, is a diversified mining company that focuses on the acquisition, exploration, development and production of resource projects in the Philippines. It operates under the highest standards of health and safety practices for its workers and its host community; and is uncompromising in its best-practices approach to environmental protection as well as community development. TVIRD has a pool of highly competent managers, technical personnel and skilled workers with previous experience in gold-silver operation and owns 100% of the Balabag gold/silver project in addition to 60% interest in AMVI, a direct shipping Nickel/Iron operation that commenced in October 2014 and in which TVIRD is operator. AMVI has shipped a total of 16.24 million wet metric tonnes of nickel laterite ore through 298 shipments through to December 31, 2020.

About TVI Pacific Inc.

TVI Pacific Inc. is a Canadian resource company focused on the acquisition of resource projects in the Asia Pacific region. TVI currently holds a 30.66% equity interest in TVIRD and a 2.95% equity interest in Integrated Green Energy Solutions Ltd., a publicly listed company incorporated in Australia with shares listed on the ASX (but currently suspended since January 2020). Integrated Green Energy Solutions Ltd. is engaged in the commercialization of technologies to convert waste plastics to fuel in Australia and internationally. TVI’s other holdings include a 14.4% equity interest in Mindoro Resources Ltd. and a 100% investment in shares of TG World. As at the date of this announcement, TVI has 656,537,039 outstanding common shares and 696,887,039 fully diluted including the currently issued outstanding options of 40,350,000.

Source: Junior Mining Network