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International Tower Hill Mines Announces 2021 Budget and Work Program
International Tower Hill Mines Announces 2021 Budget and Work Program Canada Ne...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n \n \n \n International Tower Hill Mines Announces 2021 Budget and Work Program\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 12, 2021\n \n /CNW/ - International Tower Hill Mines Ltd.  (the \"Company\") - (TSX: ITH) (NYSE American: THM) today announced that the Board of Directors has approved a 2021 budget of\n \n US$5.6 million\n \n and endorsed the associated 2021 work program to advance the Livengood Gold Project.\n \n \n The key element in the 2021 work program is the completion of the Pre-Feasibility Study (\"PFS) on the Livengood Gold Project that is planned for release in\n \n October 2021\n \n . The comprehensive study was begun in July of 2020 and will further de-risk and identify the optimal project configuration. The Company has engaged BBA, Inc. as its lead consultant and has retained Whittle Consulting, Resource Modeling, Inc., Resource Development Associates, Easton Process Consulting, and NewFields Companies, LLC to provide specialized technical support.\n \n \n On\n \n October 16, 2020\n \n , the Company announced completion of a US\n \n $10.3 million\n \n financing through an At-The-Market (\"ATM\") offering with B. Riley Securities, Inc. (the \"Offering\"). The Offering ensured that the Company has not only enough funds to complete the PFS, but it also provided an excellent runway to advance the Livengood Gold Project beyond the PFS in a disciplined manner. As of\n \n September 30, 2020\n \n , the Company had working capital of\n \n US$13.1 million\n \n .\n \n \n \"The gold market's continued strength gives us strong motivation to advance our work to establish the best foundation to support future development\" said\n \n Karl Hanneman\n \n , CEO. \"The 11.5 million ounce gold resource at the Livengood Gold Project is in a premier jurisdiction and the large resource size gives our project high leverage to the gold price.\"\n \n \n International Tower Hill Mines Ltd. has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles n...