International Tower Hill Mines Ltd TSX:ITH announced drill results from its Livengood Gold Project near Fairbanks, Alaska. Assays include 1.94 g/t gold over 94.5 metres, 1.97 g/t over 53.3 metres, 2.07 g/t over 45.7 metres, 1.36 g/t over 68.6 metres, 1.21 g/t over 79.3 metres and 1.34 g/t over 117.3 metres.
CEO Jeff Pontius said, “The higher grades and characteristic geochemical signature being returned in the lower sections of these initial holes are very encouraging, as they indicate that a large area of higher grade gold mineralization could exist in our new zone at depth. These grades continue to demonstrate the deposit’s expansion potential and will have a positive impact on our overall resource grade and mining configuration.”
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by Ted Niles