Tuesday, April 12, 2011

TVI begins drilling in Zamboanga province

ZAMBOANGA DEL NORTE, Philippines (Mindanao Examiner / Apr. 12, 2011) - TVI Pacific Inc. through its Philippine operating affiliate TVI Resource Development (Phils.), Inc., said drilling is underway at its Tamarok copper-gold porphyry prospect in Zamboanga province in Mindanao.

It said the initial drill program consists of 6 to 12 holes, up to 4,000 metres (13,100 feet) total depth, depending on accessibility and initial results.

The scout drilling program is designed to test subsurface continuity of outcropping porphyry copper-gold mineralization identified by initial exploration work at the Malachite Hill prospect.

Previous channel sampling at Malachite Hill has produced a 38 metre (124.7 foot) wide zone grading 0.70% copper and 0.40 grams/tonne ("g/t") gold.

Tamarok is located 60 kilometres (37 miles) north-northeast of TVIRD's Balabag project and 115 kilometers (71 miles) northeast of TVIRD's operating Canatuan mine. It is within the Company's extensive North Zamboanga tenement package.

The Tamarok project is being explored under a 507 hectare (1,253 acre) Mineral Production Sharing Agreement ("MPSA") formally approved by the Secretary of the Department of Energy and Natural Resources of the Philippines. TVIRD has also received Free Prior Informed Consent from the area's indigenous community.

The MPSA at Tamarok allows TVIRD to advance exploration activities including geophysical surveys, systematic detailed geological investigations and drilling. To help identify areas of potential mineralization, and ultimately locate drill targets, the Company has recently conducted an airborne geophysical program over the tenement area. (Marketwire)

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