TVI Pacific files updated technical report regarding Sulphide Project at Canatuan
TVI Pacific Inc., an affiliate of TVI Resource Development (Phils.), Inc. (TVIRD) announced today that it has received an updated National Instrument 43-101 report respecting the Sulphide Project at the Canatuan mine in Siocon, Zamboanga del Norte. A copy of the report has been filed with certain securities regulatory authorities in Canada and is available on the SEDAR website at www.sedar.com http://www.sedar.com>. The report was prepared by P.J. Lafleur G??o-Conseil Inc., an independent consulting group providing specialized services to the mining and geosciences industries.
The report presents incremental improvements to the previous feasibility study
prepared by Norwest Corporation as a result of new drilling data collected by TVIRD in 2006, resource estimates and cost and metals prices. The report confirms management’s view of the economics of the Sulphide Project at Canatuan, recommends that TVIRD proceed with its plans to complete the sulphide plant and assumes commissioning of the plant in September 2008 and full production by the end of 2008.
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