22 Drill Holes At Livengood Gold Deposit
VANCOUVER, BC - International Tower Hill Mines Ltd. reported the results from the latest 22 drill holes completed in its 50,000-metre Summer 2010 Livengood Exploration Program.The Summer 2010 drill program is focused on converting resources to the measured and indicated categories through infill drilling, as well as step-out resource expansion and testing of "new deposit" exploration targets within the overall district. Significantly, the project continues to expand as a new area of interest to the southwest of the Core Zone, named the "Olive Zone", has been identified. The Company is currently operating five drills at Livengood (three RC and two core rigs) and anticipates adding a sixth in the near future.
Highlights of these recent results include: The Money Knob deposit at Livengood continues to expand at depth, as demonstrated by recent infill drilling results in the Sunshine Zone (MK-RC-0373, 49 m @ 1.9 g/t gold below 350 metres and MK-RC-0376, 15 m @ 1.2 g/t below 360 metres); A new area of deposit expansion, named the "Olive Zone", is emerging to the southeast of the Core Zone (MK-RC-0380, 21 m @ 1.7 g/t gold and 44 m @ 1.3 g/t gold); and the "5 spot" infill program continues to favourably compare with the surrounding holes, confirming and, overall, upgrading the prior drilling results. The Company anticipates that the results of this infill program will enable the current estimated indicated and inferred resource ounces to be "upgraded" to the measured and indicated, respectively, categories. Jeff Pontius, President and CEO, said, "These encouraging results continue to enhance the Livengood project and the opportunities continue to grow as our Company evaluates multiple development options. Our development team is committed to optimizing this large and expanding gold deposit into the best project possible for the Company and advancing the project through to development and production as rapidly as possible." The company's address is Suite 1920, 1188 West Georgia St., Vancouver, BC V6E 4A2, 604-683-6332 .