International Tower Hill Mines Announces Appointment of Feasibility Study Team and Launch of Feasibility Study Drilling Program

International Tower Hill Mines has awarded Phase 1 contracts for a full Feasibility Study on the Livengood Gold Project to a consortium led by BBA Consultants, alongside Hatch, Newfields, RDA, and JDS Energy. A two‑rig, large‑diameter PQ core drilling program has started to collect fresh metallurgical samples. The study will explicitly compare the existing gravity/CIL flowsheet against pressure oxidation (POX) to capture higher gold recoveries, noting that today’s gold price sits well above the $1,680/oz assumption used in the 2013 feasibility study. The Phase 1 work will validate historical geotechnical and hydrogeological data and produce an execution plan for the full feasibility study, while also beginning detailed engineering to support permitting.

This announcement represents the tangible commencement of work that the market has been waiting for since the company raised $115 million at $2.22 per share in January 2026. It does not contain a new, unexpected discovery or a step‑change in resource economics; rather, it confirms that the company is executing exactly the plan it outlined when it secured the funding. The launch of the feasibility study and drilling are necessary, expected, and forward‑looking, but they do not materially alter the company’s value proposition beyond what a well‑funded developer should be doing. The work on POX metallurgy could eventually be a positive differentiator, but the release offers no new data – only the start of the process. Therefore, the news is routine progress.

International Tower Hill Mines is a single‑asset gold developer focused on the 100%‑owned Livengood Gold Project, located approximately 115 km northwest of Fairbanks, Alaska. Livengood hosts a 13.6 million ounce Measured and Indicated gold resource, which includes a 9.0 million ounce Proven and Probable gold reserve. The deposit is a large, near‑surface, bulk‑tonnage system that has been extensively drilled. A 2013 feasibility study outlined a conventional gravity/CIL processing plant, but the project was shelved due to low gold prices at the time. The company has since optimized the mine plan and is now revisiting the processing flowsheet, including the potential addition of pressure oxidation to boost recoveries. There is also a growing antimony component, with stibnite identified in vein zones, offering a potential by‑product credit.