Permit to advance Tamarok Copper-Gold Project approved
TVI Resource Development Philippines, Inc. (TVIRD) announced today that the Mineral Production Sharing Agreement (MPSA) encompassing the Tamarok Copper-Gold project has been formally approved by the Honorable Lito Atienza, Secretary of the Department of Environment and Natural Resources. The MPSA has been granted to the original claim holder, with whom TVIRD has a contract to acquire full rights to the MPSA at the company’s election.
The approval of the 486-hectare MPSA at Tamarok will allow TVIRD to advance exploration activities, including geophysical surveys, systematic detailed geological investigations, and the delineation of drill targets. A scout-drilling program will test subsurface continuity of outcropping porphyry copper-gold mineralization at Malachite Hill, where in an initial exploration program a 38-meter continuous channel sample produced an average of 0.71% copper and 0.35 grams per tonne gold.
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A scout-drilling program will test subsurface continuity of outcropping porphyry copper-gold mineralization at Malachite Hill, shown above.
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Detailed sample data can be found in the news release of TVI Pacific Inc, TVIRD’s Canadian affiliate, on February 7, 2007 titled “Tamarok-Tapisa Results Indicate Potential for Extensive Copper-Gold Mineralization System” and in the Annual Information Form for the year ended December 31, 2008. Both documents can be found on SEDAR and the TVI Pacific website.
The Tamarok project in Jose Dalman town, Zamboanga del Norte province is located approximately 115 kilometres northeast of TVIRD’s Canatuan producing copper mine at Siocon in the same province.
