Int'l Tower cyanide test shows 80% recovery at Sunshine
International Tower Hill Mines Ltd (C:ITH)
Shares Issued 59,612,047
Last Close 1/18/2010 $7.57
Tuesday January 19 2010 - News Release
Mr. Jeffrey Pontius reports
INTERNATIONAL TOWER HILL ANNOUNCES NEW POSITIVE METALLURGICAL RESULTS FROM SUNSHINE ZONE, LIVENGOOD GOLD PROJECT, ALASKA
International Tower Hill Mines Ltd. has received new positive metallurgical test results from the Sunshine zone on its Livengood gold project in Alaska. The average recovery from this new large zone of outcropping mineralization in simple cyanide bottle roll tests was 80%. In addition, on average, 72% of the gold will report to a simple gravity concentrate with carbon-in-leach (CIL) on the gravity tails recovering an additional 15% of the gold (Table 1). The exceptionally high gravity gold recovery in the Sunshine Zone has now increased the overall gravity recovery in the deposit to approximately 60%.
Positive metallurgical results continue to confirm the amenability of Livengood mineralization to processing by either heap leaching or milling. The Company is expecting additional gravity-CIL and column leach data, as well as its first flotation results, next month - all of which will be used in its Stage II (mill + heap leach) Preliminary Economic Assessment (PEA) study scheduled for completion early in the second quarter of 2010.
New abrasion test data from all mineralization types indicate that the mineralized material is less abrasive than the values used in the November, 2009 Stage I PEA, which will have a positive impact on operating costs for both milling and heap leaching.
Copper One begins drilling at Lone Mountain
Copper One Inc (C:CUO)
Shares Issued 41,496,701
Last Close 1/18/2010 $0.48
Monday January 18 2010 - News Release
Mr. Alan Edwards reports:
COPPER ONE INC. COMMENCES DRILLING AT THE LONE MOUNTAIN PORPHYRY COPPER PROSPECT, NEW MEXICO
Vancouver, B.C., January 19, 2010, Copper One Inc. ("Copper One"; TSX-V: CUO) is pleased to announce that drilling has commenced on its Lone Mountain porphyry copper prospect, located close to the Chino and Tyrone copper mines owned and operated by Freeport-McMoran Copper and Gold Inc. This drilling has the potential to help refine and expand the potential 110 to 160 million ton resource as detailed in the Company's February 27, 2009 press release.
The Lone Mountain target is a broad oxide copper blanket which caps a large tonnage porphyry copper and copper-zinc skarn system that has been confirmed by historical drilling over an approximate 1.2 x 1.8 kilometers area and to a depth of up to 1,000 meters below surface. Together, these copper facies (both the shallow oxide and deeper sulphide systems) have received more than 80,000 feet (25,000 meters) of historic drilling in 48 holes.
