These assets in the vicinity of the company’s Livengood Project near Fairbanks, Alaska, relate to land that was previously vacant or was used for placer gold mining.
The acquisitions allow the company to pursue additional site facility locations and to investigate other land use opportunities including the potential for placer gold extraction in the near-term.
ITH CEO Jim Komadina said the acquisition of additional land surrounding the company’s Money Knob gold deposit affords the company much greater flexibility for selecting future site facility locations as well as other land use opportunities.
