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TVI Pacific's 30.66% owned TVIRD Balabag Gold and Silver Project Completes Third Doré Shipment
TVI Pacific's 30.66% owned TVIRD Balabag Gold and Silver Project Completes Third Doré...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n \n \n \n TVI Pacific's 30.66% owned TVIRD Balabag Gold and Silver Project Completes Third 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 Oct. 29, 2021\n \n /CNW/ - TVI Pacific Inc.\n \n (TSX-V: TVI) (OTC Pink: TVIPF)\n \n (\"\n \n TVI\n \n \" or the \"\n \n Company\n \n \") is pleased to announce completion of a third shipment of gold doré from 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 third shipment of gold doré in the amount of 899 kilograms (\"\n \n kg\n \n \") containing 875 ounces of gold (\"\n \n Au\n \n \") and 27,556 ounces of silver (\"\n \n Ag\n \n \") for 1,246 gold equivalent ounces.\n \n \n \n \n The Balabag third shipment of gold doré has generated gross proceeds of US\n \n $2.3 million\n \n .\n \n \n \n \n Balabag mill plant availability month-to-date has been 85% and it is currently processing at a month-to-date average rate of 1,035 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 \n \n The average recoveries month-to-date have been 91% for Au and 84% for Ag.\n \n \n \n \n The average head grade month-to-date has been 1.9 g/t Au and 96.4 g/t Ag.\n \n \n \n \n \n Continuing Gold Production at Balabag Gold-Silver Project\n \n \n \n :\n \n \n \n TVIRD has confirmed completion of its third shipment of gold doré from Balabag in the amount of 899 kg containing 875 ounces of Au and 27,556 ounces of Ag for 1,246 gold equivalent ounces. This brings total shipped-to-date to 3,501 gold equivalent ounces and total gross proceeds generated thus far to US\n \n $6.3 million\n \n since the first shipment was completed on\n \n September 30, 2021\n \n , with the curre...