International Tower Hill Mines Ltd. said Tuesday it is delaying release of a preliminary feasibility study on an Alaskan venture a few months to allow for more laboratory testing and optimization work.

The study on the Vancouver-based company's Livengood Project, about 70 miles north of Fairbanks, Alaska, is now expected in the first half of next year.

The preliminary feasibility study underway will incorporate the mineral resource estimate of 16.5 million ounces of gold contained in the measured and indicated categories plus the results of other studies.

We remain confident of the Livengood Project viability given its significant gold resource, exceptional infrastructure access and location in one of the best mining jurisdictions in the world, a spokesman said.