International Tower Hill Mines Ltd (C:ITH)
Shares Issued 60,434,558
Last Close 3/9/2010 $6.53
Wednesday March 10 2010
Mr. Jeffrey Pontius reports
INTERNATIONAL TOWER HILL INCREASES INDICATED RESOURCES AT LIVENGOOD GOLD PROJECT, ALASKA: INDICATED RESOURCE 9.3M OUNCES OF GOLD @ 0.5 G/T GOLD CUTOFF
International Tower Hill Mines Ltd. has released the results of the updated independently prepared resource estimate for the Livengood gold project, Alaska. Data used in this resource update includes the final 64 drill holes completed in late 2009. Successful infill drilling targeted several previously un-estimated mineralized areas of the Northeast and Sunshine Zones of the deposit. Results are anticipated to have a positive impact on the strip ratio and mining economics (current low strip ratio of 0.8-1, waste-ore). The Money Knob deposit is still open in several directions (including at depth).
