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International Tower Hill Mines Ltd.
Summary
| Project: | Livengood | |
|---|---|---|
| Deposit: | Livengood | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: International Tower Hill Mines Ltd. announces a Pre-Feasibility Study report for its Livengood deposit at the Livengood project. PFS results incl. post-tax NPV (5%) $ -552.0M, IRR of 0.5%. The Livengood Gold Project (herein also referred to as | |
| Resources: | (Reserve, P+P): 391.66Mt @ 0.71g/t Au at Livengood | |
| CP/QP: | [Resources]: Timothy J. Carew, Scott Wilson (SRK Consulting (Canada) Inc.;Metal Mining Consultants Inc.) | |
| ABSTRACT: | The Livengood Gold Project (herein also referred to as “the Project”) is a gold exploration project located 70 mi (113 km) northwest of Fairbanks, Alaska, USA. The Project is located in an active mining district that has been mined for gold since 1914. This Technical Report (the “Report”) was prepared and compiled by BBA Inc. under the supervision of the Qualified Persons named herein at the request of Tower Hill Mines, Inc. (THM), a wholly-owned subsidiary of International Tower Hill Mines Ltd. (ITH). The purpose of the Report is to summarize the results of the Pre-feasibility Study (PFS) for the Livengood gold deposit on the THM property. The PFS and this Report are based on an updated resource estimate, effective as of August 26, 2016, and has an optimized Project configuration of 52,600 t/d compared to the 100,000 t/d project evaluated in the September 2013 feasibility study. The Project configuration in the PFS remains a conventional, owner-operated surface mine that will utilize large-scale mining equipment in a blast/load/haul operation. Mill feed would be processed in a 52,600 t/d (47,000 mt/d) comminution circuit consisting of primary and secondary crushing, wet grinding in a single semi-autogenous (SAG) mill and single ball mill, followed by a gravity gold circuit and a conventional carbon in leach (CIL) circuit. | |
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