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           
July 2013 – Current resource measured & indicated at 0.30 g/t Cutoff:
15.7 M oz (802 MT at 0.61 g/t) and inferred 4.4M oz (266 MT at 0.52 g/t). 
Mining/Processing
The Feasibility Study envisioned surface mining, then processing via gravity circuit followed by a whole ore carbon in leach circuit.
Status
The Feasibility Study Summary NI 43-101 was published September 4, 2013.

 

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