– CANADA, Vancouver – International Tower Hill Mines Ltd. (TSX: ITH | NYSE American: THM) today announced the appointment of Dr. Edel Tully to its board of directors, effective June 18, 2023, expanding the board to seven members.
About Dr. Edel Tully
Dr. Tully is a business leader with 20 years of experience in the precious metals market. She is the Head of Communications and Financial Markets Development Lead at the London Bullion Market Association. Edel spent 1tenyears at UBS, where she was most recently Global Head of Precious Metal Sales and Managing Director and, before this, Head of Precious Metals Research. Before UBS, Edel was Head of Precious Metals Research at Mitsui and Co. Precious Metals, Inc. Dr. Tully has been a frequent conference speaker and media guest and is highly respected as a precious metals industry expert.
“I am excited to join International Tower Hill Mines’ board of directors and look forward to contributing my precious metals sector experience to this very exciting company,” said Dr. Edel Tully.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls 100% of the Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska. As of December 31, 2022, the Livengood Gold Project has a measured and indicated mineral resource of 704.5 million tonnes at an average grade of 0.60 g/tonne (13.62 million ounces). As reported in the Technical Report Summary filed as Exhibit 96.1 to the Annual Report on Form 10-K for the year ended December 31, 2022, a portion of the mineral resources at the Project have been converted into proven and probable reserves of 430.1 million tonnes at an average grade of 0.65 g/tonne (9.0 million ounces) based on a gold price of $1,680 per ounce. The TRS has estimated the capital costs of the Project at $1.93 billion, the total cost per ton milled at $13.12, the all-in sustaining costs at $1,171 per ounce, and the net present value (5%) at $1,800/oz of $400 million and $975 million at $2,000/oz.
For more information: https://www.ithmines.com/
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