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International Tower Hill Provides an Update on the Livengood Gold Project
Published : November 07, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (News - Market indicators)(NYSE MKT:THM)(FRANKFURT:IW9) is pleased to provide an update on its 100% owned Livengood Gold Project.

The Company has successfully completed within budget its critical path 2012 geotechnical drilling program, totaling 199 holes, 15,731 meters utilizing core, sonic, and auger drilling methods. The drilling program evaluated facility sites to obtain the technical information required for use in sub-arctic engineering design. The pump testing of the large diameter water wells required for hydrogeological modeling was also successfully completed. Metallurgical test work and engineering studies are on-going to advance the feasibility study, which is on schedule for release in the first half of 2013. 

The Company's recently appointed CEO, Don Ewigleben, stated: "Over the past month I have been very encouraged by the progress being made. We will continue working on engineering for the next several months and we are on-track for completing the Feasibility Study in the first half of 2013. I am extremely pleased that the 16 million ounce plus gold deposit is on schedule for feasibility study completion, permitting and construction due to the world-class project team in place."

The Company is aggressively advancing the Feasibility Study and all scenarios are under consideration to optimize the economics of the project, including considering a future strategic alliance to assist in further development and construction costs while adding value for our shareholders.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. controls a 100% interest in the world-class Livengood Gold Project; accessible by paved highway 70 miles north of Fairbanks, Alaska.

On behalf of International Tower Hill Mines Ltd.

Donald C. Ewigleben, President & Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. 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, proposed, planned, potential 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, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company 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, and other risks and uncertainties disclosed in the Company's Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's Livengood property.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR12-28



International Tower Hill Mines Ltd.
Michelle Stachnik, Manager - Investor Relations
Direct: 720-881-7646 Ext. 203
Toll-Free: 1-855-208-4642 Ext. 203
mstachnik@ithmines.com
Companies Mentionned : Aura Minerals | Mineral Deposits | Strategic |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Intl. Tower Hill Mines

DEVELOPMENT STAGE
CODE : ITH.TO
ISIN : CA46051L1040
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Financings of Intl. Tower Hill Mines
9/18/2012International Tower Hill Closes Second Tranche of Non-Broker...
7/19/2012International Tower Hill Increases Non-Brokered Private Plac...
7/12/2012International Tower Hill Announces Up To $25,000,000 Non-Bro...
2/17/2011International Tower Hill Receives Share Ownership Top-Up Not...
4/7/2010 Closes Final Tranche of CAD 30,000,000 Non-Brokered Equity ...
3/16/2010CAD 30,000,000 Non-Brokered Equity Financing
8/26/2009Closes AngloGold Ashanti Top Up Private Placement
3/5/2009Closes $10,500,000 Bought Deal Equity Financing
2/17/2009Increase in Bought Deal Equity Financing
2/12/2009 Announces Bought Deal Equity Financing
Option Grants of Intl. Tower Hill Mines
8/24/2012International Tower Hill Grants Incentive Options
Nominations of Intl. Tower Hill Mines
1/30/2013International Tower Hill Announces Resignation of a Director
1/9/2012International Tower Hill Mines Names Thomas E. Irwin as New ...
4/14/2010Appointment of Timothy Haddon and Daniel Carriere as new Dir...
Financials of Intl. Tower Hill Mines
11/15/2012International Tower Hill Files 2012 Third Quarter Financial ...
8/15/2012International Tower Hill Files 2012 Second Quarter Financial...
5/11/2012International Tower Hill Files 2012 First Quarter Financial ...
Project news of Intl. Tower Hill Mines
7/23/2013(Livengood)International Tower Hill Mines Announces Livengood Gold Proj...
11/7/2012(Livengood)International Tower Hill Provides an Update on the Livengood...
6/19/2012(Livengood)International Tower Hill Mines Announces Update on the Liven...
4/18/2012(Livengood)International Tower Hill Mines To Commence District-Wide Exp...
1/26/2012(Livengood)International Tower Hill Mines Selects Engineering Firms for...
12/14/2011(Livengood)International Tower Hill Mines Acquires Mining Claims Near L...
11/7/2011(Livengood)International Tower Hill Encounters Additional Higher Grade ...
6/29/2011(Livengood)International Tower Hill Mines Provides Project Update at th...
6/9/2011(Livengood)International Tower Hill Mines Intersects 92.9 Metres of 1.6...
5/3/2011(Livengood)International Tower Hill Mines Intersects 33.5 Metres of 8.0...
3/30/2011(Livengood)International Tower Hill Mines Intersects Additional Zones o...
3/15/2011(Livengood)International Tower Hill Mines Hires Construction Manager fo...
2/5/2011(Livengood)International Tower Hill Intersects 13.7 metres of 5.45 g/t ...
12/8/2010(Livengood)Advances Livengood Gold Project Towards Potential Production...
11/29/2010(Livengood)Intersects 112 metres of 2.63 g/t gold at the Livengood Gold...
9/14/2010(Livengood) Project Enhancement Options for its Preliminary Economic As...
6/16/2010(Livengood)Announces Resource Update, Livengood Gold Project, Alaska
5/11/2010(Livengood)Continues to Grow New High-Grade SW Zone, Livengood Project
3/22/2010(Livengood)Expands Livengood Deposit with First Results of Winter Drill...
3/10/2010(Livengood)Increases Indicated Resources at Livengood Gold Project
3/8/2010(Livengood)Announces Key Positive Metallurgical Test Results for Liveng...
3/4/2010(Terra) Signs LOI to Form Production Joint Venture on Terra Project
2/4/2010(Livengood)Begins 50,000 Metre 2010 Exploration Drill Program at Liveng...
12/4/2009Coffee Dome Drilling Intersects Gold System 17Km East of For...
11/30/2009(Livengood)Positive Preliminary Economic Assessment Results
11/12/2009(Livengood) Continues to Expand Livengood Gold Project, Alaska
11/5/2009(Chisna)Reaches JV Agreement on Chisna Copper
11/2/2009(Livengood)Continues to Expand the Livengood Gold Project
9/30/2009(Livengood)Expands the Sunshine Zone at Livengood
9/9/2009(Livengood)Latest Drill Results From Livengood Gold Project, Alaska
9/2/2009(Coffe Dome)Begins Drilling at Coffee Dome Project, Alaska
8/4/2009(North Bullfrog)Signs Agreement to Acquire 100% Interest in North Bullfrog
8/5/2009(Livengood)Delineates Major New Zone of Gold Mineralization at Livengoo...
6/26/2009(Livengood)Resource Update at Livengood, Alaska
6/10/2009(Livengood)Livengood Gold Project, Alaska Summer Drilling Program Comme...
5/12/2009(Livengood) Announces Latest Winter Program Drill Results
4/24/2009(Livengood)Reports Extension of High Grade SW Zone and Expansion of Liv...
4/15/2009(Livengood)Livengood Project Returns 89% Gold Recovery from Recent Meta...
3/10/2009(Livengood)Doubles Planned 2009 Drill Program for Livengood Gold Projec...
3/2/2009(Livengood)First Two Holes of 2009 Winter Drill Program
2/9/2009(Livengood)Livengood Gold Project, Alaska Winter Drilling Program Comme...
Corporate news of Intl. Tower Hill Mines
12/18/2014International Tower Hill Mines Announces Management Change
12/12/2014International Tower Hill Mines Closes CAD 8.4 Million Non-Br...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
8/7/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
5/30/2014International Tower Hill Mines Announces Results from Annual...
5/7/2014International Tower Hill Mines Files First Quarter 2014 Fina...
3/12/2014International Tower Hill Files Year End 2013 Results
9/9/2013(Livengood)International Tower Hill Mines Files NI 43-101 Technical Rep...
8/8/2013International Tower Hill Mines Announces Addition to the Boa...
7/31/2013International Tower Hill Mines Files 2013 Second Quarter Fin...
6/7/2013International Tower Hill Mines Announces Results from Annual...
5/9/2013International Tower Hill Mines Files 2013 First Quarter Fina...
4/24/2013International Tower Hill Mines Comments on Recent Gold Marke...
3/13/2013International Tower Hill Mines Announces Corporate Update an...
12/11/2012(Livengood)International Tower Hill Announces Positive Metallurgical Te...
11/28/2012ITH CEO Provides Company and Project Update
8/21/2012International Tower Hill Reports New High-Grade Gold Interce...
8/2/2012International Tower Hill Mines Announces New Manager of Inve...
6/29/2012International Tower Hill Mines Announces Interim Chief Execu...
4/4/2012International Tower Hill Recognizes Alaska Progress Made Tow...
3/21/2012International Tower Hill Mines Files Audited Annual Financia...
3/6/2012(Livengood)International Tower Hill Mines Validates Resource Estimate a...
2/27/2012International Tower Hill Mines Reports Historical Resource o...
1/16/2012International Tower Hill Mines Changes Fiscal Year End
1/4/2012International Tower Hill Mines Grants Options
12/20/2011International Tower Hill Mines Appoints Robert D. Comer as I...
11/21/2011International Tower Hill Mines Announces Results From Annual...
11/15/2011International Tower Hill Mines Appoints Allen R. Thabit as M...
8/29/2011International Tower Hill Mines Files 2011 Audited Annual Fin...
8/23/2011International Tower Hill Announces Surface Mine Measured & I...
8/16/2011International Tower Hill Mines Appoints Harold Galbriath as ...
7/28/2011International Tower Hill Mines Grants Stock Options
5/10/2011International Tower Hill Mines Appoints James Komadina as Ne...
5/6/2010 Signs Key Exploration Agreement with Ahtna
2/11/2010Receives Share Ownership Top-up Notice from AngloGold Ashant...
1/12/2010Hires Chief Operating Officer
11/26/2009to Begin Trading on Toronto Stock Exchange
11/18/2009Receives Conditional Toronto Stock Exchange Listing Approval
10/13/2009Expands Livengood Gold Resource by 64%
7/10/2009Receives Share Ownership Top-up Notice from AngloGold Ashant...
7/3/2009Retains Renmark Financial Communications Inc.
5/20/2009Receives Proceeds of $23,114,288 from Warrant/Broker Option ...
4/2/2009Expands Livengood Southwest Zone Discovery
3/12/2009Steve Aaker Joins the Board of Directors
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