TSX-V : TVI

Stock Quote: VSE

Price 0.01$

Change (+0%) +0.00

Volume 134,000

Today's Open 0.01$

Previous Close 0.01$

Intraday High 0.01$

Intraday Low 0.01$

52 Week High 0.03$

52 Week Low 0.01$

Dec 14, 2017 01:19 PM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

Price 0.01$

Change (+193.55%) +0.01

Volume 34,000

Today's Open 0.00$

Previous Close 0.00$

Intraday High 0.01$

Intraday Low 0.00$

52 Week High 0.06$

52 Week Low 0.00$

Dec 14, 2017 01:19 PM Pricing delayed 20 minutes
Corporate
Presentation
Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Canatuan
Experience
The Canatuan Experience Click here to review TVI's history of success at the Canatuan project GO TO THE CANATUAN EXPERIENCE

Email UpdatesSign up to receive email updates.

Email Address *

 
Enter the code shown above.

TVI Provides Initial Balabag Prospect Resource Estimates

June 27, 2007

- Indicated resources of 1.37 million tonnes ("Mt") averaging 2.9 grams per tonne ("gpt") gold ("Au"), 84.3 gpt silver ("Ag")

-- Using greater than 0.5 gpt grade group:

--- 126,507 ounces ("Ozs") Au; 3,716,842 Ozs Ag

--- 203,703 Ozs on a gold equivalent ("AuEq") basis

-Inferred resources of 1.96 Mt averaging 2.6 gpt Au, 55.2 gpt Ag

-- Using greater than 0.5 gpt grade group:

--- 162,056 Ozs Au; 3,471,890 Ozs Ag

--- 234,165 Ozs on a AuEq basis

- Continued exploration identifies two new vein occurrences; additional drilling planned to test possible extension


--- 126,507 ounces ("Ozs") Au; 3,716,842 Ozs Ag

--- 203,703 Ozs on a gold equivalent ("AuEq") basis

-Inferred resources of 1.96 Mt averaging 2.6 gpt Au, 55.2 gpt Ag

-- Using greater than 0.5 gpt grade group:

--- 162,056 Ozs Au; 3,471,890 Ozs Ag

--- 234,165 Ozs on a AuEq basis

- Continued exploration identifies two new vein occurrences; additional drilling planned to test possible extension-->

CALGARY, ALBERTA--(Marketwire - June 27, 2007) - TVI Pacific Inc. (TSX: "TVI" or the "Company") (TSX:TVI) is pleased to announce today that its Philippine affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD"), has received an independently prepared mineral resource estimate of select zones (the Tinago-Miswi-Lalab vein system) within its Balabag prospect. Indicated resources showed 1.37 Mt averaging 2.9 gpt Au and 84.3 gpt Ag, with Inferred resources amounting to 1.96 Mt averaging 2.6 gpt Au and 55.2 gpt Ag, using a greater than 0.5 g/t grade group. The Balabag Property is located on the Zamboanga Peninsula in Southern Philippines approximately 75 km east-northeast of TVIRD's producing Canatuan Mine.

The mineral resource estimate, which was prepared by P.J.Lafleur Geo-Conseil Inc. is based on the 76 hole drill program completed by the Company's Drilling Subsidiary, EDCO Drilling Corp. ("EDCO") at the end of February, 2007. An updated National Instrument 43-101 ("NI 43-101") Technical Report, detailing the project and Mineral Resource estimate protocols is expected to be filed on SEDAR within 45 days. A preliminary scoping study to assess the Tinago-Miswi-Lalab mineralized zone at Balabag is underway and is expected to be completed in the second half of 2007.

Continuing exploration work by TVIRD has recently identified two new vein occurrences near the Tinago and Miswi vein systems. Trenching work is underway to expose the two multi-metre wide veins, which occur some 150 metres east of the Miswi interpreted mineralization. Additional drilling is being planned to further delineate the possible extension of the mineralized zones at Balabag.

Certain statements in this News Release constitute forward-looking statements, including statements respecting the timing of filing of an updated technical report relating to the mineral resource at Balabag, the timing of a scoping study to assess the Tinago-Miswi-Lalab mineralized zone, possible development plans involving the Balabag prospect and further exploration at Balabag. Readers should refer to the cautionary statement that appears at the end of this News Release.

"Though obviously there is considerable work still to be done before a declaration of commerciality can be made, we are clearly delighted with these results at Balabag," said TVI Pacific Chief Executive Officer, Clifford James. "If the Scoping Study underway confirms that a commercially mineable resource exists at Balabag, we would expect to devote resources to the rapid development of the Balabag property, based on our existing presence and operating capability in Mindanao. TVIRD continues to explore for additional resources in the Balabag area," he added.

Balabag Mineral Resource Estimates - Cumulative (at variable grade groups)

(@ $650/Oz Au & $13.5/Oz Ag)
------------------------------------------------------------
Grade Group Class Tonnage Au AU_OZ Ag AG_OZ AuEq AUEQ_OZ
(gpt) (gpt) (gpt)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
greater
than
2.0 gpt Au Indicated 695,128 4.5 101,452 133.0 2,972,660 7.3 163,192
----------------------------------------------------------------------------
greater
than
1.0 gpt Au Indicated 1,091,970 3.4 119,912 100.6 3,531,287 5.5 193,254
----------------------------------------------------------------------------
greater
than
0.5 gpt Au Indicated 1,371,105 2.9 126,507 84.3 3,716,842 4.6 203,703
----------------------------------------------------------------------------
0.0 - 0.5
gpt Au Indicated 314,820 0.3 2,834 9.3 93,665 0.5 4,779
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Indicated 1,685,925 2.4 129,341 70.3 3,810,507 3.8 208,482
----------------------------------------------------------------------------

------------------------------------------------------------
Grade Group Class Tonnage Au AU_OZ Ag AG_OZ AuEq AUEQ_OZ
(gpt) (gpt) (gpt)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
greater
than
2.0 gpt Au Inferred 821,521 4.5 118,864 96.9 2,560,532 6.5 172,045
----------------------------------------------------------------------------
greater
than
1.0 gpt Au Inferred 1,488,853 3.1 150,300 65.9 3,152,794 4.5 215,781
----------------------------------------------------------------------------
greater
than
0.5 gpt Au Inferred 1,957,168 2.6 162,056 55.2 3,471,890 3.7 234,165
----------------------------------------------------------------------------
0.0 - 0.5
gpt Au Inferred 498,254 0.2 3,845 8.3 133,411 0.4 6,615
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Inferred 2,455,422 2.1 165,901 45.7 3,605,301 3.1 240,780
----------------------------------------------------------------------------

Notes:
1. Indicated: within 25m Search Radius (SR) of at least two drill holes;
Inferred: between 25 and 150m SR of at least one drill hole
2. The estimation method used geostatistical block modeling techniques,
using Ordinary Krigging grade interpolation and capping values set at
50gpt Au and 1000gpt Ag
3. The Company is not aware of any environmental, permitting, legal, title,
taxation, socio-political, marketing or others issues that may materially
affect the estimate of mineral resources
4. Mineral resources which are not mineral reserves do not have demonstrated
economic viability
5. Metallurgical recoveries and net smelter returns have not yet been
determined
6. There is no assurance, at this time, that the mineralization at Balabag
will support a commercial mining operation
TVIRD's 2007/08 exploration program is expected to focus on expanding the Balabag gold deposit and on up-grading the Indicated and Inferred resource to the Measured and Indicated resource categories. A minimum infill drilling program (25-m spacing) of 5,000 meters for the Balabag prospect commenced January 9, 2007, and will likely be extended during the second half of 2007. To date, 99 holes have been drilled into the Tinago-Miswi-Lalab vein system, for a total aggregate meterage (total depth of holes) of 10,803.85 metres.

The infill drilling program is currently on hold to permit completion of the Balabag NI 43-101 Technical Report and scoping study assessment. Drilling, provided by EDCO, is anticipated to resume following completion of the scoping study assessment. The scoping study assessment is being undertaken to provide an economic analysis of the potential viability of the Balabag mineral resources taken at this stage of the project prior to the initiation or completion of a preliminary feasibility study.

Concession Status

TVIRD holds an option on the Balabag property which was granted under an agreement with Zamboanga Minerals Corporation ("ZMC"). Balabag lies approximately 75 km east-northeast of the TVIRD's mining operation at Canatuan and immediately adjacent to the extensive tenement applications filed by TVIRD in early 2005, which cover an area of 1,257.12 km2. The Mineral Production Sharing Agreement ("MPSA") under which ZMC obtained its rights to the Balabag property covers an area of 47.79 km2. The agreement between TVIRD and ZMC provides TVIRD with an exclusive period, ending in May 2008, to assess the mineral potential of the property. Should TVIRD so elect, the property may be purchased for US$350,000 with ZMC retaining a 2.5% net smelter royalty on the property.

A technical report (prepared in accordance with NI 43-101) setting out additional details relating to the prior sampling program at Balabag was filed (on SEDAR) with certain securities regulatory authorities in Canada on September 27, 2005. Additional information concerning the geology, mineral occurrences and nature of mineralization found at Balabag is also set out in the September 27, 2005 report.

About TVI Pacific Inc. (TSX:TVI)

TVI Pacific Inc. is a publicly traded Canadian mining company focused on exploring for and producing precious and base metals within district scale systems in Asia.

In the Philippines, TVI's most advanced project, the Canatuan Mine (the first foreign-invested, new, mining project in the Philippines since the passage of the Philippine Mining Act of 1995) began mining and milling operations in mid-2004, producing gold and silver dore through its affiliate TVI Resource Development (Phils.) Ltd. In 2006, TVIRD received a completed NI 43-101 feasibility study on the Canatuan Sulphide project prepared by Norwest Corporation. The report has been filed with certain securities regulatory authorities in Canada and is available at the SEDAR website at www.sedar.com. The Norwest study addresses the copper-zinc bearing massive sulphide zone, or lower portion of the Canatuan Deposit. Construction of the Sulphide Project at Canatuan is now underway. In addition, TVIRD holds a 2.5% NSR on the Philippine-based Rapu Rapu project operated by Lafayette Mining Ltd. Exploration in the Philippines is being conducted at Canatuan, in an effort to expand TVIRD's mineral resource base and to find new deposits, at Balabag and at other areas which management of TVI view as compelling exploration properties.

In China, TVI's wholly-owned Chinese subsidiary, Hunan Pacific Geological Exploration Inc. ("HPGEI"), was the first foreign mining company to be granted both WOFE status and a Qualified Explorer License. The exploration program in China is focused primarily within the Golden Triangle area, a prospective metallogenic region in China's south-western provinces of Yunnan, Guizhou and Guangxi Autonomous Region and prospective areas in the Tibet Autonomous Region. HPGEI has 2,394 km2 of land under application in China in the Golden Triangle and in the Tibet A.R.

TVI also has a Drilling Segment consisting of Exploration Drilling Corporation ("EDCO"), a wholly-owned subsidiary of TVI Pacific Inc. based in the Philippines, and Hunan Pacific Drilling ("HPD"), a segment of HPGEI based in China, which generates revenue from contract drilling.

Pierre-Jean Lafleur of P.J. Lafleur Geo-Conseil Inc., is serving as the Qualified Person ("QP") for the purposes of the Balabag Resource Estimate and has reviewed this news release. Carl L. Caumartin BSc, P.Eng., MBA, Vice President, Exploration of TVI Pacific Inc. is serving as TVI's QP (as contemplated by National Instrument 43-101 (Standards of Disclosure for Mineral Projects)), for purposes of the Balabag exploration project. Mr. Caumartin has reviewed and approved this news release and has verified the data, including sampling, analytical and test data, set out in this news release. The Canatuan Assay Lab, Philippines, an accredited laboratory, performed the sample preparation and assaying for the current sampling phase (since the beginning of 2007) of the exploration project at Balabag. Gold analysis was by 50 gm fire assay fusion; where gold values were greater than 3 ppm assay values were by gravimetric finish and by AAS where the values were less than that threshold. Silver was determined by AAS after an HCL-HNO3-HClO4 digest. Pulp and coarse duplicate results were included in the analytical report. A blank and a standard sample were included for each batch of 50 samples for quality control. A replicate assay was done on every 20th sample and certified reference materials were used in every 20 samples. As part of the laboratory's internal QA/QC, TVIRD is routinely submitting duplicate samples to McPhar laboratory of Manila, Philippines, an ISO 9001/2000 accredited laboratory, on average every 20th sample.

Certain information set out in this News Release constitutes forward-looking information. 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" 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 provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals, commodity supply and demand, fluctuations in currency and interest rates, inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices and changes in exploration plans or budgets. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.

Forward-looking information respecting the anticipated timing of filing of an updated technical report relating to the mineral resource estimate for the Balabag prospect and the completion of the scoping study to assess the Tinago-Miswi-Lalab mineralized zone, is based upon advice received to date from the author of those reports, the Company's experience with prior technical reports prepared in relation to Philippines mining properties, filing deadlines prescribed by National Instrument 43-101, results of prior exploration activities at Balabag, timing expectations relating to completion of the next phase of the exploration program at Balabag and the results of that program, prior experiences with scoping studies undertaken in respect of Philippines exploration properties, the current exploration plan developed by the Company and the Company's current budget and overall strategy for exploration in the Philippines, which plans, budget and strategy are all subject to change. Forward-looking information concerning the possible development of the Balabag prospect and additional exploration activity at Balabag is based upon the Company's experiences with the development of the Canatuan mine in the Philippines, the current exploration plan developed by the Company and the Company's current budget and overall strategy for exploration in the Philippines, the timing of completion of various elements of the exploration plan and the proposed scoping study, which plans, budget and strategy are all subject to change, The forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company is exposed in the conduct of its business (including exploration activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2006, which was filed on SEDAR on March 29, 2007 and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this News Release to reflect subsequent events or circumstances.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

For more information, please contact

TVI Pacific Inc.
Clifford M. James
President and CEO
(403) 265-4356

or

TVI Pacific Inc.
Paul Moon
Director, Corporate Communications
(403) 265-4356
(403) 264-7028 (FAX)
Email: tvi-info@tvipacific.com
Website: tvi2014.q4web.com