Connect with us

Hi, what are you looking for?

Mining

Pre-commissioning Underway at TVI Pacific’s 30.66% owned TVIRD Balabag Gold and Silver

CALGARY, AB, April 23, 2021 /CNW/ – TVI Pacific Inc.

The last remaining major equipment, including the elution/strip solution heater and heat exchanger as well as the carbon regeneration kiln for the elution circuit and gold room, has arrived to site and pre-commissioning of the elution circuit and the acid wash column for the gold room has begun.

It is expected that tailings deposition in the first phase, Stage 1, will commence by June 2021 with the commissioning and operation of the processing plant.

Much of the ore is low to marginal grade which was mined to expose the higher-grade mineralized resource during waste stripping and bench forming and is being used as test ore for commissioning the plant.

We remain confident of the ability of our team to bring this vision to life after many years of planning and considerable effort.”, said Mr. Cliff James, Chairman and CEO of TVI and Chairman of TVIRD.

Mr. Bue has acted as the Qualified Person in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects reporting requirements by virtue of his membership in the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy and has confirmed compliance of this press release with NI 43-101 requirements.

TVIRD has a pool of highly competent managers, technical personnel and skilled workers with previous experience in gold-silver operation and owns 100% of the Balabag gold/silver project in addition to 60% interest in AMVI, a direct shipping Nickel/Iron operation that commenced in October 2014 and in which TVIRD is operator.

TVI currently holds a 30.66% equity interest in TVIRD and a 2.95% equity interest in Integrated Green Energy Solutions Ltd., a publicly listed company incorporated in Australia with shares listed on the ASX .

Advertisement. Scroll to continue reading.

Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe”, “scheduled”, “to be”, “will be” and similar expressions.

Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information supplied by third parties.

Forward-looking statements regarding TVIRD’s development works at Balabag are based upon, but are not limited to, TVIRD’s past construction and project development experience in the region and in such terrain, current and previous exploration activities, discussions with third parties, the availability of financing and TVIRD’s overall plans, budget and strategy for Balabag .

The forward-looking statements contained in this News Release are made as of the date hereof and the Company does not undertake any obligation to update or to revise any of the included forward-looking statements, except as required by applicable securities laws in force in Canada.

…Read the full story

You May Also Like

TS Prime

Every calendar quarter the World Gold Council publishes its Gold Demand Trends report. On November 1, 2018 it published its report for July 1...

Bitcoin

Nicosia, Cyprus, 26June,2021, ZEXPRWIRE, When a new project enters the market, establishing brand credibility is crucial, which is exactly what ADAX has done via...

Market

Medical marijuana has become the hottest crop in regards to treating a wide range of common ailments, from chronic pain to PTSD, and Colombia...

TS Prime

In an announcement last Wednesday the German Government announced it would fund a research facility in the country to develop new technologies for EV...

Advertisement