Tuesday, 30 April 2013

International Tower Hill Mines, Largo Resources at next Proactive One2One investor forum in New York

International Tower Hill Mines (TSE:ITH) and Largo Resources (CVE:LGO) will take the stage at our next Proactive Investors One2One forum in New York on May 14th, where investors will hear about both companies' exciting plans to develop their resources. 
We are offering investors a rare opportunity to hear from Mark Brennan, president and CEO of vanadium and tungsten developer Largo Resources, as well as from Don Ewigleben, president and CEO of International Tower Hill, which is developing the multi-million ounce Livengood project in Alaska. 
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies. 
Indeed, this time is no different, with International Tower Hill and Largo Resources set to take the podium on Tuesday May 14th 2013 in New York, at the Connolly's Pub - 14 East 47th Street - Dining Room Entrance (Back room). The presentations will start at 6:00pm and finish at 8:00pm.
It promises to be an interesting affair, with two compelling investment opportunities on hand for attendees.  
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
International Tower Hill Mines and Largo Resources will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. Once the companies have presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters. 
To register for the event, please click here
We look forward to seeing you there! (See mini bio on ITH and Largo Resources below)
International Tower Hill Mines (TSE:ITH) (AMEX:THM) is keeping a weather eye on the recent activity in the gold market, but the Canadian mining exploration and development company has no fear of the vagaries of the market costing it big.
The company has said that it developed an alternate work program at its flagship Livengood gold project – termed by the company “North America’s greatest gold opportunity” -- in preparation of the possibility of on-going lower gold prices.
Under the program, ITH will require nothing beyond the capital currently on hand to continue to fund corporate activities, compliance matters and essential environmental baseline activities to support the permitting process of the 125 kilometre square Alaskan property.
Accordingly, the company, which maintains a 100 per cent interest in the Livengood project, does not anticipate raising additional capital in the near term and will continue to seek strategic alliances to fund the future development of the project once the feasibility study currently underway is completed.
The Livengood gold project, with a resource size of 16.5 million ounces in the measured and indicated categories and another 4.1 million ounces in the inferred category, ranks as among the largest gold deposits discovered globally in decades. 
The project not only has the distinction of having large gold resources in a mining-friendly jurisdiction, it also has the advantage of being close to the city of Fairbanks, a mere 70 miles distant, and – crucially -- is accessible by paved highway. Other items of necessary infrastructure are available to the site in the shape of power, water, and a nearby highly skilled labour force in an area with a storied history of mining.
Largo Resources (CVE:LGO), meanwhile, is a Canadian strategic mineral company focused on developing its vanadium and tungsten projects in Brazil and Canada.
The primary focus is to continue to advance its flagship Maracas vanadium project with the company targeting a production start date in the fourth quarter of this year. The project, which is fully funded, permitted and in construction, is slated to be the world's "premier producer of vanadium", according to the company, due to its high grade and low operating costs.
The 27,000-hectare property is located 813 kilometres northeast of Brasilia, the capital of Brazil, and 250 kilometres southwest of Salvador, the capital of Bahia State.
Largo, which is modeling average annual production of 11,400 tonnes of vanadium pentoxide equivalent over a 29-year mine life at Maracas, already has an off-take agreement in place with Glencore International for 100 per cent of material for six years.

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