International Tower Hill Mines Intersects 112 metres of 2.63 g/t gold at the Livengood Gold Project, Alaska
November 29, 2010
Higher grade results located in Core Zone near edge of SW Zone suggest continued resource extension to be determined during 2011 Winter drill program
RC Hole 458: 112 metres @ 2.63 g/t gold (includes 64 metres @ 3.4 g/t gold) & 108.2 metres @ 1.0 g/t gold RC Hole 452: 85 metres @ 1.12 g/t gold & 188 metres @ 0.96 g/t gold RC Hole 445: 68 metres @ 1.26 g/t gold (includes 13.7 metres @ 2.58 g/t gold)
Vancouver, B.C........International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH; NYSE-A: THM) is pleased to announce the results of the latest 14 holes from its 65,000-metre 2010 Livengood Drilling Program (Figure 1). Extensive infill and deep drilling in the southern part of the Core Zone has intersected the highest grade gold mineralization over the largest intercepts on the project to date below the floor of earlier grid drilling. Significantly, results from RC holes 458, 452 and 445 along the Southwest boundary of the Core Zone demonstrate a possible extension into the SW Zone, which will be the focus of the upcoming 2011 Winter Drill program.
In the southwest section of the Core Zone, drill hole MK-RC-0458 intersected a thick interval of higher grade mineralization (112 metres of 2.63 g/t gold) from what appears to be a broad feeder zone. This and previous intersections suggest the possibility of higher grade mineralization covering an area at least 400 metres by 400 metres and extending into the SW Zone.
In addition, the latest drill results continue to identify higher grade mineralization within the upper oxide zone of the deposit with intercepts of 85.3 metres of 1.1 g/t gold (hole MK-RC-0454) and 13.7 metres of 2.6 g/t gold (hole MK-RC-0452). These higher grade zones are anticipated to form the basis of a high-grade starter pit when they are integrated into an updated Money Knob resource estimate currently scheduled to be completed in the first quarter of 2011.
The Company continues to carry out a comprehensive development drilling program of condemnation and geotechnical work at the Livengood Project, as well as extensive optimization studies in mine and process design, metallurgy, and environmental characterization.
To read the complete news release, please see our web site at http://ithmines.com/_resources/pdf/2010-11-29_NR.pdf