TVI Pacific's 30.66% owned TVIRD Balabag Gold and Silver Project Achieves First Gold Production and Completes First Doré Shipment

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[{"type":"text","content":"\n \n \n \n TVI Pacific's 30.66% owned TVIRD Balabag Gold and Silver Project Achieves First Gold Production and Completes First Doré Shipment\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 CALGARY, AB\n \n ,\n \n Sept. 30, 2021\n \n /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) (\"\n \n TVI\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that gold production has commenced at the Balabag gold and silver project (\"\n \n Balabag\n \n \").  Balabag is owned 100% by TVI Resource Development Phils., Inc. (\"\n \n TVIRD\n \n \"), a\n \n Philippines\n \n corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.\n \n \n \n Highlights:\n \n \n \n \n Balabag has completed its first shipment of gold doré in the amount of 855 kg containing 932 ounces of gold (\"\n \n Au\n \n \") and 25,959 ounces of silver (\"\n \n Ag\n \n \") for 1,263 gold equivalent ounces.\n \n \n The Balabag first shipment of gold doré has generated gross proceeds of US\n \n $2.2 million\n \n .\n \n \n Balabag mill plant availability month-to-date has been 90% and it is currently processing at a month-to-date average rate of 936 dry metric tonnes per day (\"\n \n tpd\n \n \") with a continued focus to optimize the operation and to ramp-up throughput to 2,000 tpd.\n \n \n The average recoveries month-to-date have been 95% for Au and 86% for Ag.\n \n \n The average head grade month-to-date has been 1.6 g/t Au and 79.0 g/t Ag.\n \n \n The Balabag plant and mining activities are now operating twenty-four hours per day.\n \n \n \n \n \n First Gold Production at Balabag Gold-Silver Project\n \n \n \n :\n \n \n \n TVIRD has confirmed that Balabag mill plant availability month-to-date has been 90% and that it is currently processing at a month-to-date average rate of 936 tpd.  The first shipment in the amount of 855 kilograms (\"\n \n kg\n \n \") of gold doré has been delivered to the designated refinery and contains 932 ounces of Au and 25,959 ounces of Ag for 1,2...

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