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(163) stories found containing 'international tower hill mines'


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  • International Tower Hill Mines Livengood PFS 2021 map webcast Fairbanks

    Tower Hill posts new Livengood Mine PFS

    Shane Lasley, Mining News|Updated Nov 11, 2021

    A 65,000-metric-ton-per-day operation at the Livengood mine project in Alaska would produce 6.4 million ounces of gold over a 21-year span, or an average of around 304,750 oz per year, according to an updated prefeasibility study released by International Tower Hill Mines Ltd. on Nov. 4. Lying alongside a paved highway about 70 miles north of Fairbanks, the Money Knob deposit at Livengood hosts 704.5 million metric tons of measured and indicated resources averaging 0.4 grams...

  • Mining Explorers 2020 Alaska International Tower Hill Livengood Karl Hanneman

    Livengood arises alongside gold prices

    Shane Lasley, Mining News|Updated Jan 17, 2021

    After years of quietly and efficiently optimizing a mine plan for Livengood, International Tower Hill Mines Ltd. is now ready to incorporate this work into an updated pre-feasibility study for the 11.5-million-ounce gold project in Alaska. A 2017 PFS outlined plans for a 52,600-metric-ton-per-day mill at Livengood that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. This mine plan was based on 392 million metric tons of reserv...

  • International Tower Hill Mines Ltd. PFS COVID-19 Karl Hanneman Money Knob map

    Tower Hill Mines budgets $5.6M for 2021

    Shane Lasley, Mining News|Updated Jan 14, 2021

    International Tower Hill Mines Ltd. Jan. 12 announced that its board of directors has approved a 2021 budget of US$5.6 million for a work program that will primarily be focused on the completion of a prefeasibility study that details the economic and engineering parameters of developing a mine at its 11.5-million-ounce Livengood gold project in Alaska. The new PFS will follow up on a similar study completed in 2017 that outlined plans for a 52,600-metric-ton-per-day mill at...

  • Livengood Money Knob 11.5 million ounce gold mine project Alaska

    New PFS for Livengood gold mine underway

    Shane Lasley, Mining News|Updated Sep 26, 2020

    International Tower Hill Mines Ltd. July 15 announced it has finalized the key contracts for completion of a pre-feasibility study for developing a mine at its 11.5-million ounce Livengood Gold project in Alaska and expects to release the results of the PFS in October 2021. This will follow-up on a 2017 PFS that outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually. This mine plan...

  • White Rock Minerals Red Mountain gold silver zinc exploration camp Alaska

    White Rock explores for Last Chance gold

    Shane Lasley, Mining News|Updated Sep 26, 2020

    White Rock Minerals Ltd. June 10 said a team of geologists is slated to explore the Last Chance prospect in preparation for the first drilling at this gold discovery on the company's Red Mountain project in Interior Alaska. A detailed regional stream sediment program carried out last year led to the discovery of Last Chance, which is located on the west end of White Rock's 216-square-mile (559 square kilometers) property about 60 miles (100 kilometers) south of Fairbanks. Whil...

  • 11.5 million ounce Money Knob gold deposit International Tower Hill Livengood

    ITH advances Livengood as gold prices rise

    Shane Lasley, Mining News|Updated Sep 26, 2020

    After years of quietly and efficiently optimizing a plan for Livengood, International Tower Hill Mines Ltd. is now moving ahead with new pre-feasibility study for developing a mine at the 11.5-million-ounce gold project about 70 miles north of Fairbanks, Alaska. A previous PFS completed for Livengood in 2017 outlined plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. The all-in...

  • 11.5 million ounce Money Knob gold deposit Livenood mine project Alaska

    Final stages of Livengood optimization

    Shane Lasley, Mining News|Updated Sep 26, 2020

    International Tower Hill Mines Ltd. March 10 announced that its board has approved US$2.6 million for the 2020 work program at its 11.5-million-ounce Livengood gold project in Interior Alaska. Lying alongside a paved highway about 70 miles north of Fairbanks, Livengood is a near development gold mine project that could produce 6.8 million oz of gold over a 23-year mine life, or roughly 294,100 oz annually, according to a prefeasibility study completed in 2017. This is based...

  • Millrock Resources EMX Royalty Corvus Gold Tectonic Metals Newmont

    Goodpaster gold exploration rush is on

    Shane Lasley, Mining News|Updated Sep 25, 2020

    With at least five companies investing heavily in securing ground, acquiring royalties and drilling at and around the Pogo Mine, Goodpaster Mining District has emerged as the hottest destination for gold exploration in Alaska during 2019. The US$30 million to US$40 million Australia-based Northern Star Resources Ltd. is investing in exploration at its newly acquired Pogo Mine alone would be enough to make Goodpaster the most explored district in Alaska this year. "We've got 12...

  • Concerning mineral exploration trend 2019

    Curt Freeman, Special to Mining News|Updated Sep 25, 2020

    As is usually the case this time of year, the mining industry is awash in backward-looking statements designed to allow for more accurate forward-looking statements. Prime among them is one of my favorites, S&P Global's annual "World Exploration Trends 2019", a summary of what happened industry-wide in 2018 and what it may portend for the mining industry in 2019. The study predicts that global exploration budgets will increase again in 2019, although by a smaller amount, with...

  • International Tower Hill Mines 11.5 million ounce Livengood gold project

    Tower Hill continues Livengood optimization

    Updated Sep 25, 2020

    International Tower Hill Mines Ltd. March 15 said it is continuing metallurgical work to define and refine the project flowsheet for its 11.5-million-ounce Livengood gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. This work is part of a US$3.7 million program approved by Tower Hill's board and will build upon the metallurgical studies undertaken in 2018 to continue to define and refine the project flowsheet. Last year's program involved...

  • Freegold starts Shorty Creek drill program

    Updated Sep 25, 2020

    Freegold Ventures Ltd. Aug. 24 announced the start of a modest drill program at its Shorty Creek Project property in Interior Alaska, where previous drilling has cut long sections of porphyry copper-gold-silver-cobalt-tungsten mineralization. Lying alongside the paved Elliott Highway about 75 miles northwest of Fairbanks, Shorty Creek is adjacent to International Tower Hill Mines Ltd.'s 11.5-million-ounce Livengood gold project. Freegold's inaugural drill program at Shorty...

  • Topographic, geologic and geophysical maps Alaska

    Critical Alaska geological maps needed

    Curt Freeman, Special to Mining News|Updated Sep 25, 2020

    One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny...

  • VMS copper zinc silver barite exploration near Haines AK

    Electrum to invest $6 million in Constantine

    Updated Sep 25, 2020

    Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...

  • Kotzebue National Geographic TRI article Red Dog Environmental Protection Agency

    Alaska exploration mirrors global trend

    Curt Freeman, Special to Mining News|Updated Sep 24, 2020

    In 2017 Alaska’s mineral exploration industry saw its first up-tick in exploration spending since 2011, an increase that S&P Global Market Intelligence’s “World Exploration Trends” indicates was mirrored on the world-wide level. According to S&P’s data, the worldwide exploration industry spent $8.4 billion in 2017, the first such increase in spending since 2012. S&P also forecast a 15-20 percent increase in exploration spending for 2018 as well. The study also showed that dema...

  • ITH raises $12M; Electrum a major buyer

    Updated Sep 24, 2020

    International Tower Hill Mines Ltd. March 14 announced that it has raised US$12 million to continue the optimization and environmental baseline studies for its Livengood gold project in Interior Alaska, and for general working capital purposes. "I am pleased to continue the technical work that can potentially improve and certainly will serve to de-risk the Livengood gold project," said Tower Hill CEO Karl Hanneman. "ITH has unique and positive fundamentals, given our land stat...

  • Tower Hill advances Livengood optimization

    Shane Lasley, Mining News|Updated Aug 14, 2020

    International Tower Hill Mines Ltd. continued metallurgical work to define and refine the project flowsheet for its Livengood gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. A pre-feasibility study (PFS) completed for Livengood in 2017 outlines plans for a 52,600-metric-ton-per-day mill that would produce 6.8 million ounces of gold over a 23-year mine life, or roughly 294,100 oz annually. This is based on 392 million metric tons of...

  • Millrock expands Goodpaster portfolio

    Shane Lasley, Mining News|Updated Aug 14, 2020

    Primarily focused on gold, copper and silver, Millrock Resources Inc. is a project generating mineral exploration company that has built a large portfolio of highly prospective mineral exploration properties in Alaska, British Columbia and Mexico. Many of the projects the company has generated have been sold recently to other companies in exchange for cash and shares of the company acquiring and exploring the project. For 2019, Millrock focused largely on amassing a large...

  • Mining Explorers 2018 Alaska Yukon Nunavut mining and mineral exploration

    Electrum Group funds strategic exploration

    Shane Lasley, Mining News|Updated Mar 1, 2019

    Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written histo...

  • Mining Explorers 2018 Alaska mining and mineral exploration

    Alaska exploration trends north ... slowly

    Shane Lasley, Mining News|Updated Mar 1, 2019

    Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...

  • 12.5 million ounce Money Knob gold deposit Interior Alaska

    ME2018: International Tower Hill Mines Ltd.

    Updated Nov 1, 2018

    International Tower Hill Mines Ltd. continued optimization and environmental baseline studies at Livengood, an 11.5-million-ounce gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. To fund this work, the Alaska-based exploration company raised US$12 million through a non-brokered private placement that involved issuing 24 million shares at US50 cents each. Electrum Strategic Opportunities Fund II, a new International Tower Hill Mines...

  • Mining Explorers 2017: Alaska's $360 billion potential

    Shane Lasley, Mining News|Updated Jan 24, 2018

    Three world-class deposits in Alaska – Pebble, Donlin Gold and Livengood – are far enough advanced to be considered beyond the exploration stage but not quite ready to break ground on development. Together, these three colossal deposits host more than US$160 billion worth of gold – with Pebble adding nearly another US$200 billion worth of copper, molybdenum and silver at today's metals prices. The jobs and revenue generated from developing operations to mine these three global...

  • Mining Explorers 2017: State witnesses major upturn in activity

    Shane Lasley, Mining News|Updated Jan 24, 2018

    Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...

  • Feds open comment period for Ambler EIS

    Curt Freeman, For Mining News|Updated Jan 18, 2018

    With the opening late last month of a public comment period for the environmental impact statement on the proposed Ambler Mining District Industrial Access Project, I am cautiously optimistic that this time, Sisyphus will get the boulder up the hill. As a lowly graduate student at the University of Alaska Fairbanks back in 1979, I helped a crew from Anaconda Minerals color township-size blocks on a huge paper map of the Brooks Range. At the time, Anaconda and numerous other...

  • Industry signals reversal in down-cycle

    Curt Freeman, For Mining News|Updated Jan 13, 2018

    As the Alaska mining industry prepares for and kicks off exploration, development and production activities for 2017, the question on everyone’s lips at the recent Cordilleran Roundup mining convention in Vancouver, B. C., was the same: “Have we seen the bottom of this down cycle?” While signs of life were seen for short periods during the 2008 to 2015 period, the reality was an overall downward spiral of commodities prices and global demand. However, in a recent editi...

  • Hanneman named Tower Hill CEO; $6.7M work program for Livengood

    Shane Lasley|Updated Feb 5, 2017

    International Tower Hill Mines Ltd. Feb. 1 said it has paid the U$14.7 million payment due on certain claims associated with its Livengood gold project in Interior Alaska. Following the completion of the land payment, Tower Hill had US$7.5 million in cash, most of which the company will use to carry out a US$6.3 million work program focused largely on improving the economics of developing a mine at Livengood. In September, Tower Hill released results of an initial phase of...

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