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TVI Pacific Announces Voluntary Suspension of Mining Operations at TVIRD's 100% owned GRC Siana Gold Mine
TVI Pacific Announces Voluntary Suspension of Mining Operations at TVIRD's 100% owned GRC Siana G...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n \n \n \n TVI Pacific Announces Voluntary Suspension of Mining Operations at TVIRD's 100% owned GRC Siana Gold Mine\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 13, 2024\n \n \n /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) (\"\n \n TVI\n \n \" or \"\n \n the Company\n \n \") announces a voluntary suspension of mining operations at the Siana Gold Mine (\n \n \"Siana\"\n \n ) as a result of an unforeseen failure of the embankment of Tailings Storage Facility 3 (TSF3, the\n \n \"Facility\"\n \n ) that occurred on\n \n May 11\n \n , 2024.  Siana is owned and operated by Greenstone Resources Corporation (\n \n \"GRC\"\n \n ), a 100% owned subsidiary of the Philippine corporation in which TVI holds a 30.66% interest, TVI Resource Development Phils, Inc. (\n \n \"TVIRD\"\n \n ).  Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit in the southern\n \n Philippines\n \n island of Mindanao.\n \n \n GRC has voluntarily suspended its mining operation to closely examine what has transpired and to ensure the absolute safety of the neighboring communities.  There has been no reported loss of life or injury to GRC personnel or members of the immediate community.  The community had been fully evacuated and safely housed in the Tubod and Mainit muncipalities prior to the failure of the Facility.  A total of 29 community homes have been damaged by the subsequent mudslide that occurred and GRC has taken precautionary measures to evacuate 938 residents until such time that the GRC technical consultants and Safety & Health department, together with the Department of Environment and Natural Resources' Mines and Geosciences Bureau (\n \n \"DENR-MGB\"\n \n ), declare the area safe for residents to return back to their homes.\n \n \n The incident follows a series of earthquakes that occurred on the day of the incident, the strongest of which was a magnitude 4.0 quake in nearby Hinatuan, Surigao del Sur.  ...