International Tower Hill Defines Significantly Higher Grade Near Surface Zones at Livengood Project, AlaskaHighlights
MK-10-62: 18.4m @ 4.2 g/t & 17 m @ 2.4 g/t gold - Core Zone Infill
MK-RC-0440:15.m @ 3.1 g/t gold - Core Zone Infill
MK-RC-0448: 47.3m @ 1.8 g/t gold - Core Zone Infill
MK-RC-0438: 38.1m @ 1.7 g/t & 12.2 m @ 4.6 g/t gold - Core Zone Infill
MK-RC-0449: 74.7m @ 1.3 g/t gold - Core Zone Infill
MK-10-64: 75.9m @ 1.1 g/t & 3.4m @ 8.3 g/t gold - Sunshine Zone Infill
MK-RC-0429: 77.7m @ 1.0 g/t gold - Core Zone Infill
Vancouver, B.C........International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH, NYSE-A: THM) is pleased to announce the results from the latest 30 holes completed in its 55,000-metre Summer 2010 Livengood Exploration Program (Figure 1). The Summer 2010 program is focused on the conversion of the existing NI 43-101 indicated and inferred resources to the measured and indicated categories through infill drilling, as well as step-out resource expansion and mine development-related engineering and environmental testing. The Company is currently operating seven drills at Livengood (three RC and four core rigs).
Highlights of the ongoing 2010 work program at Livengood include:
- Infill drilling continues to expand and add greater definition of near surface, higher grade areas in the Core and Sunshine zones. Recent results continue to outline significant zones of higher grade mineralization in the top 150 metres of the deposit, which will be the key economic drivers of starter pit design work in the coming months. Several significant intervals highlighted in this news release in this shallow zone are: MK-RC-0448, 47m @ 1.76 g/t gold beginning at 96 metres; MK-RC-0446, 32m @ 1.39 g/t gold beginning at 78 metres; MK-RC-0440 15m @ 3.11 g/t gold beginning at 24 metres; MK-RC-044, 1 27m @ 1.09 g/t gold & 31m @ 1.57 g/t gold beginning at 11 metres and MK-10-62, 18m @ 4.18 g/t gold & 71m @ 0.98 g/t gold beginning at 67 metres.
- Completion of infill drill holes below the floor of prior drilling (approximately 300 metres in depth) in the Core Zone continues to expand this dimension of the deposit. Ten of 18 Core Zone drill holes reported in this news release have significant intercepts below the general floor of previous drilling (MK-RC-0432, 17m @ 1.85 g/t gold beginning at 384 metres; MK-RC-0443, 15m @ 1.08 g/t gold beginning at 299 metres; MK-RC-0440, 11m @ 1.08 g/t gold beginning at 291 metres).
Posted: November 16, 2010
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