Ticker Symbol: C:ITH U:NYSE U:THM X:FRANKFURT:IW9
International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX: ITH)(NYSE Amex: THM)(FRANKFURT: IW9) is pleased to announce the results of the independently prepared Preliminary Economic Assessment (PEA) for the Livengood gold project, Alaska. The heap leach PEA produces a robust economic analysis for the project, yielding a life of project annual gold production of 459,000 recovered ounces of gold for 12.6 years, at a 0.78:1 strip ratio, producing a pre-tax NPV(5%) of US $440M, with an IRR of 14.6% using a US $850 per ounce gold price (Table 1, Figure 1) (to view Figure 1 please click on: http://media3.marketwire.com/docs/ith1130.jpg). The study also shows the deposit has a considerable leverage to gold price, with a pre-tax NPV(5%) of US $1.291B and an IRR of 30.3% at a US $1,050 per ounce gold price (Table 2).
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