11:10:47 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



International Tower Hill Mines Ltd
Symbol ITH
Shares Issued 186,990,683
Close 2019-03-14 C$ 0.73
Market Cap C$ 136,503,199
Recent Sedar Documents

Int'l Tower Hill begins phase 12 metallurgical program

2019-03-15 07:08 ET - News Release

Mr. Karl Hanneman reports

INTERNATIONAL TOWER HILL MINES ANNOUNCES 2019 WORK PROGRAM AND FILES 2018 YEAR-END FINANCIAL RESULTS

International Tower Hill Mines Ltd.'s phase 12 metallurgical program has begun at SGS in Vancouver, B.C. This work is part of the 2019 budget of $3.7-million approved by the board on Nov. 1, 2018, and will build upon the metallurgical studies undertaken in 2018 to continue to define and refine the project flowsheet. Approximately 2,000 kilograms of samples will be processed in 2019 to evaluate optimum grind size and to determine whether different recovery parameters should be applied to different areas of the orebody. The engineering firm of BBA Inc. has been retained to continue to guide the metallurgical program. Work is also planned to advance environmental baseline efforts needed to support future permitting.

"The 11.5-million-ounce gold resource at the Livengood gold project is in a great jurisdiction and is highly leveraged to the price of gold. Our stock has responded to the recent strengthening of the gold price and our 2019 work program will continue to focus on optimization that will help us prepare to advance the best possible project toward future permitting," said Karl Hanneman, chief executive officer.

The company also today announced that it has filed its audited year-end financial statements and associated management discussion and analysis (MD&A) on Form 10-K for the year ended Dec. 31, 2018. As of Dec. 31, 2018, the company had working capital of $9.9-million.

Shareholders can obtain copies of the company's audited year-end financial statements and associated MD&A and Form 10-K on SEDAR, on EDGAR and on the company's website. The company will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the company.

About International Tower Hill Mines Ltd.

International Tower Hill Mines controls 100 per cent of the Livengood gold project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

We seek Safe Harbor.

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