International Tower Hill Encounters Additional Higher Grade Gold Mineralization and Advances Target Definition Work at the Livengood Project, Alaska
November 7, 2011
Vancouver, B.C……..International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH, NYSE-A: THM, Frankfurt: IW9) announces results from 92 drill holes completed since June 2011 at its Livengood project located near Fairbanks, Alaska. New results from close-spaced infill drilling in the Core and Sunshine Zones confirm resource estimates based on wider spaced-drilling. This, and other infill drilling, also encountered locally higher grade mineralization. Highlights include hole MK-RC-531 which intercepted 17.27 g/t gold over 4.6 metres in the Sunshine Zone, hole MK-RC-522 which intercepted 8.0 g/t gold over 4.6 metres in the Core Zone and hole MK-RC-537 which intercepted 8.7 g/t gold over 3.1 metres in the Tower Zone. These findings enable the Company to define the higher grade zones in the Livengood gold deposit which may be targeted during the initial phase of mining.
The results also include drill holes focused on project development activities related to mine design and environmental characterization as well as step-out resource growth drill holes. Results so far are supporting the identification of potential infrastructure locations, although new areas of significant gold mineralization have been identified. The Company has also completed an initial district-wide geophysical survey which has confirmed a strong response to alteration directly associated with the current deposit. This finding will greatly aid in further target definition along a 10-kilometre-long strike system previously identified on the 145 km2 Livengood land package. Analysis of geophysical data along trend is in progress with results expected in the following weeks to define the next phase of district exploration drill targets.
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Posted: November 7, 2011