International Tower Hill Mines Announces Metallurgy Breakthrough
Advancements in Antimony Metallurgy at the Livengood Project
International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) has made significant progress in its metallurgical study focusing on antimony mineralization connected to the Livengood Gold Project. This study, which moved forward following earlier announcements, highlights the importance of antimony extraction along with gold recovery.
Key Findings from the Metallurgical Study
Recent results indicate that the first phase of the antimony study yielded encouraging data regarding the mineralization at Livengood. The complex geology of the area was revealed in the Company’s S-K 1300 Technical Report, which details a groundbreaking geological assessment and highlights the relationship between gold recovery and the presence of antimony.
In-Depth Geological Modelling
Within the report, researchers described a new geologic model for the Livengood deposit showcasing the identification of 54 distinct stibnite veins. This comprehensive modelling effort plays a crucial role in understanding the geological attributes and mineral distribution across the site.
Gold Reserves and Production Potential
The pre-feasibility study estimates an impressive 9.0 million ounces of gold as proven and probable reserves among a total measured and indicated gold resource of 13.6 million ounces. With projections suggesting 6.4 million ounces of gold production over a 21-year span, these findings are vital for the prospective development of the project.
Metallurgical Testing Process
Following the earlier announcement, the Company took steps to compile metallurgical composites from individual veins, forwarding these to a reputable laboratory for detailed analysis. This testing is crucial to assess how antimony behaves during extraction and processing.
Expected Outcomes and Future Work
The tests conducted so far indicate that antimony predominantly exists in stibnite, with promising results suggesting that most stibnite is amenable to flotation at greater than 10 microns. This discovery underscores the potential for effective separation and recovery methods.
Further Steps in the Research
Due to the positive preliminary findings, the Company is set to move forward with the next phase of testing to explore various potential flowsheets. This next stage will evaluate the flotation response of the samples and characterize the nature and quality of any concentrates obtained.
Metallurgical Expectations
While the current findings are promising, further extensive work is essential to fully evaluate the recoverability of antimony and gold from these mineral resources. This comprehensive approach will ensure an accurate economic analysis can be performed.
Company Overview
International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, situated strategically along the paved Elliott Highway, providing accessibility for future development.
Frequently Asked Questions
What is the main focus of the study at the Livengood Gold Project?
The study primarily focuses on analyzing the metallurgy of antimony and its correlation with gold recovery at the Livengood Gold Project.
What are the promising results found in the recent metallurgical study?
The metallurgical study has identified that stibnite carries most of the antimony, which is conducive to recovery through flotation techniques.
When does the next phase of testing begin?
The Company plans to commence the next phase of testing immediately to further explore the potential recovery methods for antimony.
How significant are the gold reserves at the Livengood Project?
The Livengood Gold Project is estimated to hold 9.0 million ounces of proven and probable gold reserves, highlighting its potential for significant gold production.
What can be expected from the upcoming tests on antimony?
The upcoming tests aim to evaluate the effectiveness of different separation processes and the potential yields of antimony from the mineral samples.
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