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International Tower Hill Mines Ltd.,mining-directory,bullionstreet.com

International Tower Hill Mines Ltd.

Profile

International Tower Hill Mines (ITH) is focused on the rapid exploration and development of its 100% controlled world-class Livengood Gold Project located 70 miles north of Fairbanks, Alaska.

Led by a team of major mining experts from AngloGold Ashanti, Teck Resources and Kinross with strong track records of development, permitting and operational success, ITH is committed to advancing the Livengood Project towards becoming Alaska's next major gold mine.

The Company will be completing a Prefeasibility Study in mid-Novmber 2011 to move the Livengood project into the development phase. Aggressive drilling programs are also underway to expand the current gold resource and explore the 145 km2 Livengood district for new gold deposits.   

Properties

Livengood, Alaska

The Livengood project is now in transition from an exploration project to undertaking a Pre-feasibility Study. As part of this shift to prefeasibility assessment, a Preliminary Assessment was performed to evaluate preliminary project concepts including possible mineralization processing methods, estimates of capital and operating costs, and preliminary surface mine design scenarios in November 2010. An update of the PA was published on August 25, 2011 and is based on a resource estimate updated August 22, 2011, prepared from data to May 31, 2011 and based on other PFS technical information as of August 22, 2011.

Field investigations at the Livengood property are ongoing, with a total of 9 drilling rigs working at the site during the Summer 2011 program. Ongoing field data collection includes environmental baseline data collection and meteorological sampling, geotechnical data collection for mine design, site evaluation and geotechnical data collection for project infrastructure location, groundwater hydrogeological testing, and rock geochemical characterization. Drilling activities have been expanded to include district exploration and site condemnation, as well as continuing the resource definition and infill drilling at Money Knob. A 3D IP geophysical program to survey the Livengood District will be completed in Q3 2011. The geologic database supporting this report is the 648 diamond and reverse circulation holes that had been drilled on the property to May 31, 2011, and provided the basis for reporting an update of the in-situ gold resource estimate.

The Livengood property is located approximately 115 km northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina Gold Belt. The project area is centered on a local high point named Money Knob. This feature and the adjoining ridge lines have been considered by many to be the lode gold source for the Livengood placer deposits which lie in the adjacent valley to the north where they have been actively mined since 1914 with production of more than 500,000 ounces of gold.

Office Address

International Tower Hill Mines Ltd.

For General Investor Enquiries:

Shirley Zhou

VP Corporate Communications

Direct: 604-638-3247

Toll-Free: 1-888-770-7488

Suite 2300 - 1177 West Hasting St.

Vancouver, BC, V6E 2K3 Canada

General Line: 604-683-6332

www.ithmines.com

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