Past News Releases
ITH Continues to Significantly Expand Sediment Hosted Mineralization at Livengood Gold Deposit, Alaska |
| September 27, 2007 |
The expansion of the Livengood gold system into all the rock units in the central 4 km2 target area is encouraging as the mineralized system is now totally unconstrained with potential to expand significantly beyond the central target area.
Ongoing drilling (assay pending) in broad step out holes has intersected the favourable volcanic host which is mineralized. This step out drilling has now extended the mineralized zone to at least 1 kilometre along strike and ½ km of width (Figure 1). Drilling is expected to continue until at least mid-October and will focus on larger step outs to the south, west and east in an attempt to constrain this large mineralized system. Initial 43-101 resource estimates for Livengood will be calculated this winter and a 50,000 metre resource definition and expansion drilling program is being planned for 2008.
Implications
The three holes reported here represent progressive step outs on the initial Lillian Creek discovery and have now added continuity to both the sediment and volcanic hosted mineralization. It is important to note that all of the drill holes completed to date have intersected numerous zones of gold mineralization over broad widths, a strong indicator the deposit has significant expansion potential (Table 2). This new data has provided important geological information to guide future drilling for the expansion of the deposit. In addition the near-surface, highly oxidized, sediment hosted portion of the deposit is developing into an attractive near-term production opportunity that is being closely evaluated by the Company.
At the request of the Company, internationally renowned geological consultant Dr. Richard Sillitoe recently visited a number of the Company's properties in Alaska, including the Livengood property. The results of his visit are summarized in a geological report dated August 26, 2007 and entitled "Comments on the Livengood, Chisna and Terra Prospects, Alaska". The report is not a "Technical Report", as defined in N.I. 43-101, but the complete report may be viewed at www.ithmines.com.
With respect to the Livengood property, Dr. Sillitoe had the following comments and strongly recommends additional work in order to fully ascertain the property's potential: "Livengood is interpreted as a strata-bound gold prospect located distally with respect to a parent pluton at depth. Numerous, narrow monzonite porphyry dikes connect the inferred pluton with the site of mineralization. Permeable stratigraphic horizons, most notably amygdaloidal andesite flows, moderately welded ash-flow tuff, and overlying decalcified calc-siltstone, host most of the gold, with minor amounts present in the feeder dikes. An exceptionally thick volcanic section, interpreted as the fill of a paleovalley, contains much of the gold. Tonnage extensions to the coherent zone of gold mineralization already defined are most likely to be found along the strike projections of the paleovalley, but could also occupy sites of enhanced permeability elsewhere. The concept of low-order geochemical values representing leakage from concealed gold zones at depth is valid and merits a scout-drilling program."
Table 1
Significant New Livengood Intercepts
| Hole ID | From (m) | To (m) | Length (m) | Au g/t | Target |
| MK-07-19 | 32.2 | 40.2 | 8 | 0.55 | Upper sediment-hosted zone |
| 45.5 | 53 | 7.5 | 1.49 | " | |
| 71.3 | 78 | 6.7 | 1.24 | " | |
| 119.3 | 133.2 | 14 | 0.48 | " | |
| 142.9 | 147.8 | 4.9 | 1.06 | " | |
| 179.5 | 188.1 | 8.6 | 0.55 | Main volcanic zone | |
| 189.4 | 200 | 10.6 | 0.54 | " | |
| 285.3 | 295.4 | 10.1 | 0.57 | " | |
| 331.7 | 361 | 29.3 | 0.6 | " | |
| 373.3 | 379.2 | 5.9 | 0.6 | " | |
| MK-07-20 includes includes | 22.7 | 37.2 | 14.5 | 0.42 | Upper sediment-hosted zone |
| 42.1 | 59.1 | 17.1 | 1.07 | " | |
| 70.7 | 89 | 18.3 | 0.67 | " | |
| 127.1 | 185.1 | 58 | 1.19 | Main volcanic zone with sediment-hosted zone at top | |
| 127.1 | 130.6 | 3.5 | 7.33 | Upper sediment-hosted zone | |
| 147.8 | 154.2 | 6.4 | 2.69 | Main volcanic zone | |
| 190.1 | 195.1 | 5 | 0.75 | Lower sediment zone | |
| 196 | 210.6 | 14.6 | 0.81 | " | |
| MK-07-21includes | 4.6 | 10.9 | 6.3 | 2.43 | New Upper plate zone |
| 4.6 | 6.6 | 2 | 6.19 | " | |
| 24.6 | 36.6 | 12 | 0.38 | Upper sediment-hosted zone | |
| 57.1 | 61.9 | 4.9 | 1.18 | " | |
| 135 | 151 | 16 | 1.08 | Main volcanic zone | |
| 165.5 | 178.1 | 12.6 | 0.71 | " | |
| 185 | 198.4 | 13.4 | 0.54 | " | |
| 253.6 | 281.1 | 27.5 | 0.61 | " |
(intercepts calculated using 0.25g/t cut-off, only intercepts with >4gram-metres included)
Figure 1: Livengood drill hole map (red indicates new holes, blue pending)
Table 2
Summary of mineralized intervals in all Livengood drill holes completed to date
| Hole ID | Total Length (m) | Length Mineralized (m) * | Average Grade Mineralized Section | % of hole Mineralized |
| MK-07-21 | 310 | 128 | 0.76 | 41% |
| MK-07-20 | 244 | 150 | 0.88 | 61% |
| MK-07-19 | 436 | 168 | 0.61 | 39% |
| MK-07-18 | 301 | 141 | 2.01 | 47% |
| MK-07-17 | 422 | 93 | 0.65 | 22% |
| MK-07-16 | 333 | 74 | 0.58 | 22% |
| MK-07-15 | 282 | 133 | 1.07 | 47% |
| MK-07-14 | 45 | 16 | 0.56 | 36% |
| MK-07-13 | 351 | 163 | 0.63 | 46% |
| MK-07-12 | 283 | 42 | 1.07 | 15% |
| MK-06-08 | 288 | 44 | 0.83 | 15% |
| MK-06-07 | 276 | 127 | 1.44 | 46% |
| MK-06-06 | 205 | 17 | 0.7 | 8% |
| MK-06-05 | 305 | 42 | 0.69 | 14% |
| MK-04-04 | 138 | 23 | 0.61 | 16% |
| MK-04-03 | 209 | 104 | 0.69 | 50% |
| MK-04-02 | 306 | 78 | 0.75 | 25% |
| MK-04-01 | 110 | 14 | 1.63 | 12% |
| BAF-8 | 152 | 66 | 0.8 | 43% |
| BAF-7 | 305 | 190 | 0.96 | 62% |
| BAF-6 | 134 | 70 | 0.53 | 52% |
| BAF-5 | 190 | 50 | 0.43 | 26% |
| BAF-4 | 216 | 108 | 0.58 | 50% |
| BAF-3 | 151 | 32 | 0.62 | 21% |
| BAF-2 | 152 | 24 | 0.48 | 16% |
| BAF-1 | 213 | 68 | 0.74 | 32% |
| Average | 245 | 83 | 0.87 | 34% |
*Intervals included have maximum 3m internal waste and 0.25g/t cutoff.
Qualified Person and Quality Control/Quality Assurance
Jeffrey A. Pontius, MSc (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of International Tower Hill Mines Ltd.
The work program at Livengood is designed and supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the companies exploration programs), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core, which is then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. is a well financed resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.
On behalf of
INTERNATIONAL TOWER HILL MINES LTD.
(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President and Chief Executive Officer
Contact Information:
Quentin Mai, Vice-President - Corporate Communications
E-mail: qmai@internationaltowerhill.com
Phone: 1-888-770-7488 (toll free) or (604)683-6332 / Fax: (604) 408-7499
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
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