The North Zamboanga tenements consist of 11 permit applications covering 1,240 square kilometers or 161,953 hectares distributed northeast to east of TVIRD’s Balabag Gold -Silver Project.
The tenements occupy a highly mineral prospective region in southern Mindanao characterised by a highly complex syn- to post-collisional tectonic setting lying along and immediately east of the active Siayan-Sindangan Suture Zone (SSSZ). The initiation, activation and the sustained-prolonged movements along the major SSSZ fault zone have produces secondary northeast trending dilational structures and/or tension gashes and the emplacement of the plutono-volcanic rocks with associated magmatic and mineralized fluids. The geologic setting along this region have been favourable in hosting different styles of mineralization consisting of porphyry copper and gold, base metals and gold skarns and low to high sulphidation style of gold mineralization.
The current permit applications cover several mineral targets identified by a prior exploration program, numbering over 20 epithermal gold, copper and gold skarn, massive sulphide and porphyry copper-gold prospects. Reconnaissance work carried out to date has supported historical findings and has resulted in the discovery of additional prospects of interest. Indications of mineralization often occur on the surface and have been easily accessible.