TSX: TVI OTCQX: TVIPF
CALGARY, Aug. 6, 2013 /CNW/ - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) (TVI or the Company) announced today that its Philippine operating
affiliate, TVI Resource Development (Phils.), Inc. (TVIRD), completed
its sixth shipment of zinc concentrate produced at the Canatuan mine on
July 27, 2013.
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5,169 dry metric tonnes (dmt) of zinc concentrate was shipped containing
43.37% zinc
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Gross revenue of US$3.8 million is expected to be received for the
shipment
The Company's sixth shipment of 5,169 dmt of zinc concentrate left the
port of Santa Maria in Siocon, Zamboanga del Norte, in accordance with
the off-take arrangement between TVIRD and MRI Trading AG (MRI) on July
27, 2013. TVIRD expects to receive gross revenue of approximately
US$3.8 million from MRI for this shipment (pending final assay and
price adjustments).
Production remains steady at the Canatuan mine, achieving copper
concentrate grade levels between 17 and 21 percent and zinc concentrate
grade levels between 43 and 50 percent. The Company expects zinc
concentrate shipments in 2013 to occur every four to six months.
About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)
TVI Pacific Inc. is a Canadian resource company focused on the
production, development, exploration and acquisition of resource
projects in the Philippines and Southeast Asia. The Company produces
copper and zinc concentrates from its Canatuan mine and is advancing
its Balabag Gold-Silver project. TVI is a participant/operator in
several joint venture projects in the Philippines and Papua New Guinea
and also has an interest in an offshore Philippine oil property.
The Toronto Stock Exchange has neither approved nor disapproved of the
information contained herein.
SOURCE TVI Pacific Inc.