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Message: EXpands Livengood Southwest Zone Discovery.
| April 2, 2009 | |
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International Tower Hill expands Livengood Southwest Zone Discovery.
SW Zone Intercepts Include: - 35 metres @ 3.0 g/t Gold |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2009) - International Tower Hill Mines Ltd. ("ITH" or "the Company") (TSX VENTURE:ITH)(NYSE Alternext US:THM)(FRANKFURT:IW9) is pleased to announce results from an additional six holes from the 2009 resource expansion drill program on its Livengood Gold Project, Alaska. These results include four holes from the previously unexplored south-western extension of the deposit. Discovery holes MK-RC-0115 encountered 68.6 metres @ 1.1g/t gold, MK-RC-0116 15.2 metres @ 2.1g/t gold and MK-RC-0118 35.0 metres @ 3.0g/t gold. These holes are 100 metres apart and each represents a step out of approximately 300 metres to the southwest from the nearest existing holes. Dr. Russell Myers, Vice-President, Exploration, of ITH, said, "There is no question that these holes represent a major expansion of the deposit, with grades as good as or better than those found in the Core Zone defined last year." Mineralization in the southwest sector occurs in all units of the stratigraphy and at depths ranging from the surface to 300 metres (e.g. Table 1, MK-RC-0116). Hole MK-RC-0117, also in the southwest sector, was lost before reaching its target depth. The upper portion of the gold zone returned grades of 0.85 g/t gold over 30 metres (Table 1). Four more holes have been completed in the southwest sector and at least two more will be drilled before the winter program finishes on the 15th of April. In the north-eastern sector, new assays from hole MK-RC-0112 have redefined the upper zone of mineralization, which now has 41 metres @ 1.7g/t gold on top of the previously reported 100 metres @ 1.1g/t gold (Table 1). Drill holes MK-RC-0113 and MK-RC-0114 also encountered multiple zones of mineralization which will be followed up (Table 1). At least three more holes will be drilled in this area before the winter program ends. Once all the assays are back from the winter drilling program a new resource estimate will be calculated and a preliminary economic assessment completed. The main phase drilling program will recommence in June, 2009, when two RC drills and a core drill will begin drilling out the eastern and north-eastern areas of the deposit. A total of 45,000 metres of drilling is planned for 2009. Figure 1: Plan showing 2009 holes completed to date. Key intercepts are continuous intercepts of greater than 50 metres of more than 1g/t gold or greater than 30 metres of more than 3g/t gold (http://media3.marketwire.com/docs/it... ). Table 1: New Intercepts from Drilling at Livengood
From To Length Gold
Hole ID (metres) (metres) (metres) (g/t)
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MK-RC-0112 111.25 152.40 41.15 1.69
256.03 356.62 100.59 1.13
MK-RC-0113 82.30 94.49 12.19 1.62
198.12 205.74 7.62 1.29
254.51 333.76 79.25 0.63
MK-RC-0114 77.72 86.87 9.15 0.86
115.82 120.40 4.58 2.27
131.06 147.83 16.77 0.64
207.26 219.46 12.20 0.77
286.51 307.85 21.34 0.76
MK-RC-0115 169.16 237.74 68.58 1.12
243.84 265.18 21.34 0.94
From To Length Gold
Hole ID (metres) (metres) (metres) (g/t)
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MK-RC-0116 0.00 25.91 25.91 0.62
60.96 76.20 15.24 2.12
201.17 217.93 16.76 1.05
222.50 295.66 73.16 0.58
MK-RC-0117 137.16 167.64 30.48 0.85
MK-RC-0118 124.97 160.02 35.05 3.00
includes 152.4 155.45 3.05 24.86
166.12 185.93 19.81 0.91
248.41 289.56 41.15 0.61
The Livengood project has a very favourable logistical location, being situated 110 road kilometres north of Fairbanks, Alaska along the paved, all-weather Elliott Highway and the Trans Alaska Pipeline Corridor; approximately 55 kilometres north of the Alaska State power grid; and along the proposed Alaska natural gas pipeline route. ITH controls 100% of its 44 square kilometre Livengood land package that is primarily comprised of fee land leased from the Alaska Mental Health Trust and a number of smaller private mineral leases. The thick, shallowly dipping, outcropping gold deposit at Livengood has a favourable geometry for a low strip, bulk tonnage mining operation. Initial metallurgical data indicates the deposit is potentially amenable to low cost, heap leach gold recovery. The Company and its predecessor, AngloGold Ashanti (U.S.A.) Exploration Inc., have been exploring the Livengood area since 2003, with the project's first indicated resource estimate being announced in early 2008. The 2008 drilling program marked the first grid drilling resource definition campaign for the project and was only the initial step in what the Company envisions as a major exploration program to define what it anticipates is one of the world's larger new gold deposits. A 3D image of the most recently released Livengood drill information can be viewed at: http://www.corebox.net/properties/li... . About International Tower Hill Mines Ltd. International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to the advanced multimillion ounce gold discovery at Livengood. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its key holdings, thereby giving its shareholders the maximum value for their investment. On behalf of INTERNATIONAL TOWER HILL MINES LTD. Jeffrey A. Pontius, President and Chief Executive Officer |
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