International Tower Hill Adds Two Mining Veterans to the Board of Directors
January 30 2014 - 4:10PM
Marketwired
International Tower Hill Adds Two Mining Veterans to the Board of
Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 30, 2014) -
International Tower Hill Mines Ltd. ("ITH" or the "Company")
(TSX:ITH)(NYSEMKT:THM) today announced the addition of Stephen A.
Lang and John J. Ellis to the Board of Directors, effective
February 1, 2014. Mr. Lang has also been elected Chairman of the
Board.
Tom Irwin, President and CEO, said, "We are pleased to
strengthen our board and company with directors of such high
caliber. Steve and John bring tremendous industry knowledge,
experience and leadership that will be instrumental in advancing
ITH into our next stage of development. Furthermore, Steve Lang's
qualifications, including his time at Kinross's Fort Knox Gold Mine
in Alaska, makes him an ideal fit to Chair our Board as we optimize
our Livengood Gold Project."
Stephen Lang is a Mining Engineer with over 30 years of
experience in the mining industry. He currently serves as Chairman
of Centerra Gold Inc. and as a Director of Allied Nevada Gold Corp.
Previously, Mr. Lang was President and CEO and a member of the
board of directors of Centerra Gold Inc. Prior to that, he held
senior positions at Stillwater Mining Company, Barrick Gold
Corporation, Rio Algom and Kinross Gold/Amax, where he worked with
Tom Irwin. Mr. Lang earned a Bachelor and Masters of Science in
Mining Engineering from the University of Missouri-Rolla.
John Ellis is a Professional Engineer with over 50 years of
experience in the mining industry. He currently serves as a
Director of Mexivada Mining Corp. and Sunshine Silver Mines
Corporation and is involved in consulting for a number of
international mining companies. Mr. Ellis previously served as
Chairman and CEO of AngloGold North America and Hudson Bay Mining
and Smelting Company. Prior to that, he held senior positions at
Inspiration Resources Corp., and CVRD-Inco. His career has included
service as a Director on the Mining Association of Canada and the
National Mining Association. Mr. Ellis graduated from the
Haileybury School of Mines and the Montana College of Science and
Technology.
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.
Thomas E. Irwin, President and Chief Executive
Officer
Caution Regarding Forward Looking Statements
This news 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, including statements with respect
to advancing the Company into its next stage of development and
optimizing the Livengood Gold Project, are forward-looking
statements. Information concerning mineral reserve/resource
estimates and the economic analysis thereof contained in the
feasibility study also may be deemed to be forward-looking
statements in that it reflects a prediction of the mineralization
that would be encountered, and the results of mining it, if a
mineral deposit were developed and mined. 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 10-K 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
latest technical report filed with respect to the Company's
Livengood property.
This news release is not, and is not to be construed in any
way as, an offer to buy or sell securities in the United
States.
NR14-01
International Tower Hill Mines Ltd.Rick SolieManager - Investor
RelationsDirect line: 907-328-2825 or Toll-Free:
1-855-428-2825rsolie@ithmines.comwww.ithmines.com
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