International Tower Hill completes 6,000-meter drilling campaign at Livengood gold project
THM•International Tower Hill completed a 6,000-meter drilling campaign at its Livengood gold project, with core for metallurgical testing starting in Q1 2027. The company is targeting Phase 2 of its feasibility study by Q1 2027 and reported more than $106 million in cash and short-term investments at third-quarter end.
1. Drilling completed
International Tower Hill Mines completed its 2026 drilling campaign at the Livengood gold project, yielding approximately 6,000 meters of core for metallurgical testing expected to start in Q1 2027.
2. Feasibility study plans
The company is targeting initiation of Phase 2 of its feasibility study by Q1 2027. Phase 2 will assess larger throughput scenarios and a phased development approach intended to minimize upfront capital costs; processing alternatives are expected to focus on maximizing gold recovery without pressure oxidation or other capital-intensive technologies.
3. Funding and permitting
Cash and short-term investments exceeded $106 million at third-quarter end, supporting planned feasibility work and permitting activities.
