Business
International Tower Hill Launches Plan To Advance Livengood Gold Project
International Tower Hill Launches Plan To Advance Livengood Gold Project Canada Ne...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n\n\n\nInternational Tower Hill Launches Plan To Advance Livengood Gold Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 8, 2020\n\n\n\nVANCOUVER, May 8, 2020 /CNW/ - International Tower Hill Mines Ltd.  (the \"Company\") - (TSX: ITH) (NYSE American: THM) today announces that the Company's Board of Directors has approved a work plan to prepare a Pre-Feasibility Study on the Livengood project.  \nThe Company believes that the recent strength in the price of gold arising from the unprecedented accommodative fiscal and monetary stimulus from central banks and governments globally provides the necessary macroeconomic backdrop to support the advancement of the large, highly-levered, and long-life gold asset at Livengood.  \n\"Over the last several years, we have quietly remained laser focused on improving our geological and metallurgical understanding of the Livengood Gold deposit, which reported a 11.5 million ounce gold resource in our 2017 NI 43-101,\" said Karl Hanneman, CEO.  \"We intend to use new tools that have emerged in recent years, such as Whittle Enterprise Optimization, to incorporate this new information with our previous solid technical work to design the best possible Livengood Gold project and to update our NI 43-101 to further de-risk the project and demonstrate its value in a higher gold price environment.\"\n\"Since 2016 we have conserved our cash to maximize optionality for ITH shareholders, and we are well positioned to embark on a new phase for the Livengood project as a result of the favorable macro-econ...