Livengood, Alaska

The Livengood Gold Project is located approximately 70 miles northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina Gold Belt. The project area is centered on a local topographic high point named Money Knob. This feature and the adjoining ridge lines have been considered by many to be the lode gold source for the placer gold deposits which lie in the adjacent valleys and which have been actively mined since 1914 with production of more than 500,000 ounces of gold.

Key Facts of the Livengood Gold Project

Target Gold
Location
The Livengood Gold Project is located along a paved highway approximately 70 miles northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina Gold Belt.
History
The Livengood area has been placer mined since 1914. ITH acquired the rights to the core Livengood property from AngloGold Ashanti in 2006 and has expanded the land position and gold resource since that time.
Ownership
The Company controls 100% of its 75 square mile land package, which is made up of Alaska State mining claims, fee simple land, federal placer claims, mineral lands leased from the Alaska Mental Health Land Trust, and leases with private holders federal patented and unpatented lode and placer claims.
Mineralization
Gold mineralization occurs in two styles: as multistage fine quartz veins occurring in all lithology (commonly in or near intrusive dikes and sills), and as diffuse mineralization within volcanic, intrusive, sedimentary, and mafic-ultramafic rocks without a clear quartz vein association. The current resource and area drilled covers the most significant portion of the area with anomalous gold in surface soil samples, but still represents only about 25% of the total anomaly area.
Resources & Reserves
August 2016 - Gold resource: Measured & Indicated 11,461,170 ounces (525,380,000 tonnes at 0.68 g/t).  0.32-0.40* g/t cutoff, varies by rock type (*variable cut-off grade 0.40-0.85 g/t related to geological characteristic unique to Rocktype 7 quartz stibnite + jamesonite ratios). Gold Reserve:  Proven & Probable  8,973,290 ounces (391.66 tonnes at 0.71 g/t) using gold price of USD$1,250 per ounce.
  The Pre-Feasibility Study envisioned surface mining, then processing via gravity circuit followed by a whole ore carbon in leach circuit.
Status
The Pre-Feasibility Study NI 43-101 was published October 24, 2016.
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