DMCI Partnership Benefits:

We recently announced we have established a strategic alliance with DACON Corporation’s affiliate DMCI-CERI Inc.  DACON is a substantial Philippine conglomerate reputed for its extensive holdings in general construction, coal mining, power generation, infrastructure, real estate development and manufacturing (www.dmciholdings.com).

As partner of choice by DMCI, we have added substantial operational strength to our capability by involving a major player in the region and country. DMCI already has long standing forestry and agribusiness operations in the area and are currently maintaining the roads. With established camps, they are also providing security services in the permit area. By partnering with DMCI, the costs on the EXPA 61 exploration project going forward will be significantly reduced.

In addition, they have considerable expertise in moving materials that we believe will be cost effective for us in any new mining operation that may occur if a mineable discovery is made. By partnering with DMCI, we also gain the opportunity to participate in a number of very attractive mineral properties around the country, owned by DMCI, for which our combined talents could prove mutually beneficial over the longer term. 

TVIRD controls an extensive 352 km² land package surrounding the existing Canatuan Copper Mine (the “Canatuan Tenements”). Initial exploration across these properties suggests that the land package hosts a 40+ km strike length of the same favourable rock horizon that hosts the Canatuan orebody. TVI believes it is likely that deposits similar to that of the Canatuan Mine exist within the area of the Canatuan Tenements. One of the key objectives of TVIRD’s exploration program in the Canatuan area is to determine if additional ore bodies are present that could provide feedstock to the existing facilities, which would extend the life-of-mine beyond the current estimate.

Exploration to date has identified several mineral occurrences on the surrounding tenements, including the Tabingan, Matigdao, and Palalian prospects, which are all considered compelling exploration targets. TVIRD is scheduled to undertake additional exploration to follow up on this mineralization in the near future.