TVI Pacific Inc. [TVI-TSXV; TVIPF-OTC] equipped an replace on exploration activities at the Balabag gold and silver project. Balabag is owned 100% by TVI Useful resource Improvement Phils., Inc., a Philippines corporation at some stage in which TVI holds a 30.66% interest, and is found in Zamboanga del Sur, Philippines.
Thirty-five drill holes with a total meterage of 2,866.50 meters had been completed thru the Section 4 drilling program and encompass:
Drill hole BLDH-20-351R1 in West Tinago returned 4.25 g/t gold and 102.36 g/t silver over 11.15 meters.
Drill hole BLDH-20-351R2 in West Tinago returned 15.60 g/t gold and 493.92 g/t silver over 8.55 meters.
Drill hole BLDH-20-253 in the Miswi House returned 15.58 g/t gold and 515.57 g/t silver over 2.50 meters and an additional 8.55 g/t gold and 134.13 g/t silver over 2.85 meters and 9.39 g/t gold and 222.74 g/t silver over 2.70 meters. 8.62 g/t gold and 127.33 g/t silver over 0.4 meters at a depth of 136.85 meters in Lalab, indicative of persevering with gold mineralization at depth, from drill hole BLDH-20-354.
Drill hole BLDH-20-378 in east Tinago returned 15.98 g/t gold and 180.98 g/t silver over 1.25 meters.
A total of 382 drill holes with a total meterage of 41,161.60 meters had been completed since November 2005 thru to December 2020. Drilling at Balabag continues with four rigs currently onsite.
Cliff James, Chairman and CEO of TVI and Chairman of TVIRD talked about, “Presumably the most in model outcomes from our ongoing exploration program are glorious and are fixed with our job of persevering with to extend our Balabag resource putrid to enhance lisp of the Balabag Mine and the project portfolio of TVIRD. Fresh drilling has demonstrated the alternative of extra gold mineralization laterally, come surface and at depth. It will moreover silent be renowned that drilling so a long way has been predominantly shallow such that there appears to be dazzling capacity for mineralization to be encountered at deeper ranges than had been examined so a long way. TVIRD is currently incorporating these Section 4 outcomes into an up so a long way NI 43-101 compliant resource estimate to better account for the Balabag mineral sources as we continue with pre-commissioning of the Plant in preparation for the commencement of valid milling operations.”