TSX-V : TVI

Stock Quote: VSE

Price 0.01$

Change (+100%) +0.01

Volume 131,229

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$

Nov 22, 2017 01:15 PM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

Price 0.00$

Change (-25%) -0.00

Volume 1,000

Today's Open 0.00$

Previous Close 0.00$

Intraday High 0.00$

Intraday Low 0.00$

52 Week High 0.06$

52 Week Low 0.00$

Nov 20, 2017 09:30 AM 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.

Cirianiu Gold Project

Overview

The Cirianiu project is currently 100% held by Kalo Exploration Inc., a private resource company incorporated in Fiji. As announced in news on November 3, 2014, TVI entered into a Heads of Terms Agreement with Kalo for the exclusive right to enter into a joint venture partnership to conduct mineral exploration, development and production on the project. Under the terms of the Agreement, TVI has been granted the right to conduct an extensive due diligence review of the property that will aid the Company in making an investment decision.

Upon completion of the initial stage of work, TVI will have the option to proceed to the second stage of the Agreement whereby it will use best efforts to conclude the material terms of a Joint Venture Agreement with Kalo. Upon the completion of a joint venture agreement, TVI will initiate a major exploration program with the primary objective of establishing an NI43-101 compliant resource and delivery of a Scoping Study. The Company will have a period of two years from the date of the signing of the joint venture agreement to complete Stage 2. Upon completion, TVI would earn a 20% economic interest in the properties.

Following the completion of Stage 2, TVI will have the exclusive option to proceed to a third stage ("Stage 3") whereby it will deliver a definitive NI 43-101 feasibility study. TVI has a period of one year to complete Stage 3 and upon completion would earn a 40% economic interest in the properties. Upon completion of Stage 3, TVI will have the exclusive option to proceed to the fourth stage of the Agreement ("Stage 4") whereby it will initiate the development of the project. The Company will have a period of two years to complete Stage 4, provided all permits and licenses are in place, and ultimately earn a 70% economic interest in the properties upon completion.

Location

The project covers 606 square kilometres in the Macuata Province of northern Vanua Levu Island, Fiji. The project is accessible via a series of sealed and gravel roads that extend to the northeast of Labasa, the largest town on Vanua Levu Island. The trip takes approximately one hour and all target areas can be accessed off major roads using old cultivation access roads and newly bulldozed 4WD access tracks constructed by the Kalo exploration team, cut through fallow and active cane-fields. The area is characterized by rolling hills and flats, punctuated by relatively steep, unroofed and variably eroded dacitic, rhyolitic to andesitic domes and plugs.

Geology

The Cirianiu Project area and exploration license is host to at least six grass-roots intermediate- to low-sulfidation epithermal gold-silver targets exposed at a high crustal level that have hence undergone a significant level of supergene oxidation and gold enrichment above their base of oxidation. These targets are localized within and along the margins of a northeast-southwest striking, arc-normal graben and in the case of targets within the Cirianiu project area, are generally localized within a 2.5 km diameter circular feature that likely represents a collapse caldera with resurgent dacitic to andesitic dome development.

The paleo-hydrothermal system responsible for precious metal mineralization is most likely linked to dome intrusion (the heat and mineralizing fluid source) and the large extent of hydrothermal alteration with associated disseminated supergene oxide gold mineralization is a function of (1) focused structural tapping of the paleo-hydrothermal system along dilational faults and (2) the permeable nature of the upper host volcaniclastic rock sequence. The latter has allowed lateral bleedout of mineralizing fluids surrounding source structures, forming upward flaring broad halos of low-grade gold mineralization that has subsequently undergone supergene enrichment to potentially economic gold grades.

Historical Exploration

Between 1986 and 1993, Placer drilled 41 holes totaling 4,194 metres over the project, leading to the definition of at least six grass-roots intermediate- to low-sulfidation epithermal gold-silver targets. The most advanced exploration target is Qiriyaga Hill, where Placer drilled 27 holes totaling 2,776 metres and found near-surface gold mineralization. Since 2009, Kalo has carried out detailed exploration work at the Qiriyaga Hill target including geological mapping, contour trenching, channel sampling and 3,231 metres of angled diamond drill testing in 22 holes, with encouraging results to date.

Current Exploration

As part of its due diligence review, TVI began conducting first stage exploratory work in November 2014 which includes surveying, resampling of drill core, assaying, geological and mine modelling, auger soil sampling and trenching, and confirmatory drilling. TVI's exploration program has to date been carried out under the supervision of Florinio Lazo, a senior exploration geologist with extensive experience in various commodities and exploration projects in the Asia Pacific region, and who was credited for discovering the world-class Merlin Molybdenum-Rhenium deposit for Ivanhoe Australia in 2009. Mr. Lazo has been assisted by Roberto Tan, an experienced senior exploration geologist with extensive international gold exploration experience including recent work on gold-copper systems in Fiji.

Once the due diligence review is complete, TVI will have the option of signing a joint venture agreement with Kalo to further explore the project and establish an initial NI43-101 compliant resource and deliver a scoping study within two years.

Resources

There are no current NI43-101 compliant resources on the project. If TVI decides to sign a joint venture agreement on the project following successful completion of its exploration due diligence program, the company will initiate a major exploration program with the primary objective of establishing an NI43-101 compliant resource and delivery of a Scoping Study within two years of signing a joint venture agreement with Kalo to earn an initial 20% interest in the project.