International Tower Hill Intersects High-Grade Gold Zone and Expands New Olive Zone at Livengood Gold Deposit, Alaska6.1 metres of 18.2 g/t gold & 10.7 metres @ 1.4 g/t gold in top 30 metres
MK-RC-0391: 45.7 m @ 1.1 g/t gold in the new Olive Zone
MK-RC-0396: 13.7 m @ 2.1 g/t gold in the new Olive Zone
MK-RC-0402: 9.2 m @ 2.5 g/t gold in top 50 metres - Sunshine Zone
MK-RC-0399: 128 m @ 1.03 g/t gold & 16.8 m @ 1.3 g/t gold - Sunshine Zone
MK-10-53: 103 m @ 1.53 g/t gold - Core Zone
Vancouver, B.C........International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH, NYSE-A: THM, Frankfurt: IW9) is pleased to announce the results from the latest 17 drill holes completed in its 50,000-metre Summer 2010 Livengood Exploration Program (Table 2). Highlighted in these latest holes is not only the continued confirmation and expansion of the deposit but the expansion of a shallow, high-grade, northwest trending zone within the Core Zone (MK-RC-405: 6.1m @ 18.2 g/t gold). This consistent trend of +6 g/t mineralization, which extends for nearly a half a kilometre within the large lower grade deposit, is emerging as one of the key early mining targets for the deposit. In addition the newly discovered Olive Zone continues to expand to the north (MK-RC-391: 45.7m @ 1.1 g/t gold) and south (MK-RC 396: 13.7m @ 2.1 g/t gold).
Emerging Core Zone High-grade Trend
The high grade intersection in MK-RC-0405 represents the 4th intersection of shallow (less than 50 metres vertically) high grade mineralization along a prominent, half kilometre long, well mineralized, NW trend structural zone (Table 1). This mineralized trend corresponds to a broad area of late quartz veining which is now emerging as a defined and traceable zone. While high grade mineralization has been encountered throughout this very large gold deposit, the new infill drilling is beginning to outline a consistent shape to the zone, suggesting that this and other high grade zones may form continuous bodies within the larger lower grade deposit that could be the focus of early mine production and significantly raise the average production grade. Additional work is planned to investigate the continuity of these and other high grade structures within the deposit and the potential for production selectivity.
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Posted: September 9, 2010
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