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TVI Resource receives approval to develop Balabag gold-silver project

TVI PacificInc. said May 4 that 30.66%-owned has received the declaration of mining project feasibility, orDMPF, from the Philippines' Department of Environment and Natural Resources todevelop the Balabag gold-silver project.  

The DMPF was the last major permit needed to begin the development,construction and operation of Balabag, and will support TVI Resource'svaluation as it seeks tolist on the Philippines Stock Exchange in the second half.

TVI Resource initially planned to list on the PSE inDecember 2015 before deciding to defer it to Feb. 29 of this year due to delays inregulatory approvals.