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International Tower Hill Mines Announces Schedule for Completion of Pre-Feasibility Study
International Tower Hill Mines Announces Schedule for Completion of Pre-Feasibility Study ...
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"\n\n\n\nInternational Tower Hill Mines Announces Schedule for Completion of Pre-Feasibility Study\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\nCanada NewsWire\nVANCOUVER, BC, July 15, 2020\n\n\n\nVANCOUVER, BC, July 15, 2020 /CNW/ - International Tower Hill Mines Ltd. (the \"Company\") - (TSX: ITH) (NYSE American: THM) today announced that it has finalized the key contracts for completion of the previously announced Pre-Feasibility Study (PFS) on the Livengood Gold Project and expects to release the results of the PFS and the associated NI 43-101 Technical Report in October 2021.\nThe comprehensive study will incorporate work that has been done since the last NI 43-101 report was completed to 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\"BBA has been our lead consultant since 2015 and has extensive experience with similar large-scale gold projects, such as Detour Lake and Canadian Malartic.\" said Karl Hanneman, CEO. \"We look forward to working alongside BBA and our other consultants to provide an updated PFS during October of next year. The work from this study will help the Company determine the appropriate next steps to continue to create shareholder value.\"\nAs set forth in the Company's April 2017 NI 43-101 Technical Report, the Livengood Gold Project has a measured and indicated gold resource of 11.5 million ounces. The 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.\nAbout International Tower Hill Mines Ltd.\nInternational Tower Hill Mines Ltd. has a 100% interest in the Livengood Gold Project located along the paved...