Canatuan Mine - Initial Reserves & ResourcesIn April 2008, TVI received a National Instrument 43-101 “Standards of Disclosure for Mineral Projects” technical report on the Canatuan sulphide deposit prepared P.J. Lafleur Geo-Conseil Inc., an independent consulting group. This report was filed with certain securities regulatory authorities in Canada on April 7, 2008, and is available on the SEDAR website at
www.sedar.com.
The NI 43-101 technical report incorporated the latest drilling and metallurgical information as well as updated cost and metal price estimates. The report highlighted the initial reserves and resources at the beginning of the Canatuan Sulphide Project.
| Initial Mineral Reserves (Proven & Probable) |
| Reserve (tonnes) |
3,034,383 |
| Copper (%) |
1.35 |
| Zinc (%) |
1.05 |
| Gold (grams per tonne) |
0.75 |
| Silver (grams per tonne) |
36.09 |
Initial Mineral Resources – Resource quantity by grade groupings
(Reserves included in Resources)
Canatuan Mine - Current Reserves & Resources
The remaining ore reserves and resources at December 31, 2009 are estimated based on mine and mill production statistics for the year, additions and depletions due to ore extraction, grade control, geological assessments, and monthly reconciliation.
Reserves and resources are estimated following established industry practices and in compliance with National Instrument 43-101. Estimates incorporate current geological models, drilling additions and losses, mine and mill production and reconciliations, current and projected operating costs and mine plans allowing for dilution and mining losses.
Estimates are based on management’s best knowledge and judgement of the many variables and assumptions that are imprecise and may change over time. These include but are not be limited to: geological interpretation; mining and processing plans; commodity prices and markets; and, operating and capital costs.
The technical information discussed on this website, including the current reserve and resource estimates, were prepared under the supervision of an individual who is qualified for the purposes of NI 43-101. The qualified person is Yulo Perez, Vice President for Philippine Operations, TVIRD.
Balabag Gold Project - Resource Estimate
Resource Estimate received June 7, 2007; filed on SEDAR on August 9, 2007
Using > 0.5 gram/tonne grade group:
- Indicated resources
- 1.37 Mt averaging 2.9 g/t Au and 84.3 g/t Ag (203,700 AuEqOz*)
- Inferred resources
- 1.96 Mt averaging 2.6 g/t Au and 55.2 g/t Ag (234,200 AuEqOz*)
*AuEqOz = $650/oz Au & $13.5/oz Ag (From “43-101 Technical Report for the Mineral Resources at the Balabag Project of TVI Pacific Inc.” filed August 9, 2007 and prepared by P.J. Lafleur Géo-Conseil Inc.)
Click
here for an independent evaluation and estimated per share value of TVI Reserves and Resources by Gold Miner Pulse.
Please note that estimates or forecasts made by Gold Miner Pulse must be regarded as theirs alone and not to be taken as representing opinions, forecasts or predictions of TVI Pacific Inc. or its management.