Construction Update At The TVIRD Balabag Gold And Silver Project

CALGARY, AB - TVI Pacific Inc. reported a construction update with respect to the Balabag gold and silver project.  Balabag is owned 100% by TVI Resource Development Phils., Inc. (TVIRD), a Philippines corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.  

Project development has continued to progress at Balabag and significant achievements include: Ongoing construction of the Processing Plant including the ongoing rehabilitation works related to the SAG mill and ball mills; Ongoing fabrication and installation works related to the primary cyclone, the SAG mill feed spout and the feed chute; Ongoing fabrication of the conditioning tank together with concentrate pumps and tail pumps at the flotation area while rehabilitation of flotation bank cells is continuing; Continuing installation of the concentrate dewatering thickener; Commencement of installation of leached concentrate dewatering thickener and filter press structure at the Merril Crowe; Ongoing installation of the tails dewatering thickener; Ongoing installation of Carbon in Leach (CIL) tanks; Continuing installation of the detoxification tanks; Continuing piping works to supply water to the Mill Plant; and, Completion of foundation and commencement of walls for the gold room.

In addition, the Ongoing works related to power supply include construction of the switchgear room and troubleshooting/synchronization testing of gensets. Two additional new 1MW gensets have now been received at site and installed together with the 3 previously installed gensets transferred from Canatuan.; Continued clearing and construction of the Tailings Storage Facility ("TSF"); Continued mine development and pre-production stripping; & Ongoing construction of permanent accommodations.

"Balabag continues to take shape and we are pleased with the progress amidst what continues to be logistical challenges for staff, materials and supplies arising from the ongoing COVID-19 pandemic.  Construction at site continues to be ongoing and is progressing satisfactorily.", said Cliff James, Chairman and CEO of TVI and Chairman of TVIRD.