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International Tower Hill Mines Ltd T.ITH

Alternate Symbol(s):  THM

International Tower Hill Mines Ltd. is a Canada-based company. The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. The Company has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska. The Livengood property is located in the Tintina gold belt approximately 70 miles (113 kilometers) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company. Its subsidiaries include Tower Hill Mines, Inc., Tower Hill Mines (US) LLC, and Livengood Placers, Inc.


TSX:ITH - Post by User

Comment by Russie21on Jun 01, 2010 7:03am
293 Views
Post# 17145598

RE: News: Final Holes from Winter Program and Star

RE: News: Final Holes from Winter Program and Starsorry something went wrong with the link (why doesn't Stockhouse have an "edit" button?)


VANCOUVER, BRITISH COLUMBIA, Jun 01, 2010 (MARKETWIRE via COMTEX) --International Tower Hill Mines Ltd. ("ITH" or the"Company) is pleased to announce the results for the final four holes from the2010 Winter drill program. The results continue to show expansion potential to the north of the Sunshine Zone (MK-RC-351, 55 metres @0.91 g/t gold, Table 1).
Holes MK-RC-352 and MK-RC-353 were drilled 400 metres northwest of the SW Zone and showed a continuation of the deposit in this direction. The results from the 2010 Winter program are being incorporated into an updated resource model anticipated to be completed before the end of the second quarter.

The Livengood Summer 2010 drill program began June 1st and is scheduled to complete 45,000 metres of resource expansion and development directed drilling, with 2 core and 3 reverse circulation drill rigs operating. The Company will be continuing to address step-out resource expansion as well as a large mine development program directed at advancing the Livengood project towards a production decision and the securing of necessary mining permits. The next step in this process is the initiation of a full scale pre-feasibility/mine development study which the Company has now initiated.


https://www.marketwatch.com/story/international-tower-hill-reports-final-holes-from-winter-program-and-start-of-summer-drill-program-at-its-livengood-project-alaska-2010-06-01?reflink=MW_news_stmp
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