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TVI Pacific Reports Progressing Works by 30.66% owned TVIRD at their Balabag Gold and Silver Project
TVI Pacific Reports Progressing Works by 30.66% owned TVIRD at their Balabag Gold and Silv...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nTVI Pacific Reports Progressing Works by 30.66% owned TVIRD at their Balabag Gold and Silver Project\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\nCanada NewsWire\nCALGARY, March 3, 2020\n\n\n\nTSX-V: TVI  OTC Pink: TVIPF  \n CALGARY, March 3, 2020 /CNW/ - TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) (\"TVI\" or \"the Company\") is pleased to provide a construction update with respect to 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.   \nBalabag Gold-Silver Project:\nProject development continues to move forward and includes:\nConstruction of the Grinding Plant, including installation of the SAG mill and ball mills, and construction of the flotation cells with steel trusses and a newly fabricated conditioning tank.\n\n\nContinued clearing of the Tailings Storage Facility (\"TSF\") basin and construction of the cofferdam.Construction of the permanent camp and office facilitiesInstallation of Power Supply, including 3 gensets (2MW each) transferred from Canatuan and an additional 2 new gensets (1 MW each) scheduled to arrive to site in April 2020.(Transformers are shown in the picture.)\nAdditional pictures showing Balabag construction progress can be found on our website at TVIPacific.com\n\"We have been successful in utilizing equipment transferred from our Canatuan mine to help minimize and control overall project cost.  We are confident of the ability of TVIRD to add yet another successful mine to their portfolio of achievements.\", said Mr. Cliff James, Chairman and CEO of TVI and Chairman of TVIRD.  \nFurther to the Company's press release of November 22, 2019, in which the Company announced the withdrawal of the scientific and technical disclosure set out in the Technical Report entitled \"NI 43-101 Technical Report: Balabag Gold and Silver Project, Balabag, Depore, Zamboanga del Sur, Philippines\" and filed on October 18, 20...