TVI explores three Philippine properties

Through its Philippine subsidiary, TVI Copper (ASE) has filed six production-sharing agreements totaling 65,223 acres.

The two claim blocks that constitute the position are on Mindanao Island. The ground is underlain by geology similar to that which hosts two high-grade, gold-bearing veindeposits.

TVI Resource Development will explore the Diawata and Canatuan properties on Mindanao, as well as the Caram gold property on Luzon Island. Mapping and sampling are under way on the Canatuan polymetallic deposit, as are ground magnetic and time-domain electromagnetic surveys. This work will be followed by 8,000 metres of diamond and reverse circulation drilling, most of which will consist of shallow holes 40-70 metres in depth. Several deeper holes, drilled at 150-200 metres, will test for massive sulphides. Meanwhile, operator Atlas Consolidated Mining & Development will explore for additional gold and copper mineralization on the Diwata ground. Preliminary exploration will start within the next two months on Caram. Initially, TVI plans to sample and assay the previously outlined deposit.