International Tower Hill says will limit expenditures in light of gold prices

theflyonthewall.com

International Tower Hill Mines said, "Despite the recent turmoil in the gold market, ITH will continue to strive to bring value to its shareholders by optimizing its world class Livengood Gold Project, which currently has estimated measured and indicated resources of 933M tonnes at an average grade of 0.55 g/t gold...We recognize that we are entrusted by our shareholders to protect the asset value of the Livengood Gold Project and will continue the development process while limiting the expenditures...Despite the recent drop in gold price, the value of the long life Livengood asset will be judged by factors in addition to today's gold price, including the existing infrastructure, favorable geo-political setting and highly qualified development team."

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