Karl Hanneman Joins International Tower Hill as Livengood Project Manager
May 21 2010 - 9:00AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:
ITH)(NYSE Amex: THM)(FRANKFURT: IW9) is pleased to announce that
Karl Hanneman has joined the Company as its Livengood Project
Manager. Reporting to the President and CEO, Mr. Hanneman will be
responsible for management and technical direction of all
activities related to permitting and development of the Livengood
Project. Mr. Hanneman, who has over 30 years of Alaska-based mining
industry experience, most recently played a key role on the team
that worked to resolve the permit issues at the Red Dog Mine, and
previously held a lead role in the development and permitting of
the Pogo Gold Mine, both in Alaska.
Jeff Pontius, President and CEO of ITH, stated, "The addition of
Karl Hanneman to the ITH management team strengthens the Company's
ability to move the Livengood project forward towards a production
decision. Karl's strong connection to the Alaska community, and his
demonstrated success and wealth of experience in Alaska, will be
extremely valuable to us in developing what we anticipate will be
Alaska's next major gold mine."
Mr. Hanneman has spent the past 12 years working for Teck
Resources Limited primarily focused on project development and
permitting in Alaska. From 1998 to 2004 he served as Alaska
Regional Manager during the exploration, development, and
permitting of the Pogo Gold Mine and most recently was Director,
Corporate Affairs, serving as the senior corporate representative
in Alaska for Teck, providing strategic guidance on governmental,
regulatory, permitting, and community issues related to the Red Dog
Mine. Mr. Hanneman has led or participated in a number of industry
and State of Alaska sponsored organizations, including: Alaska
Minerals Commission, Council of Alaska Producers, Resource
Development Council and the Alaska Miners Association. Mr. Hanneman
holds a BSc. (Honours) degree in Mining Engineering from the
University of Alaska.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. is a resource exploration
company, focused in Alaska and Nevada, which controls a number of
exploration projects representing a spectrum of early stage to the
advanced multimillion ounce gold discovery at Livengood. ITH is
committed to building shareholder value through new discoveries
while maintaining a majority interest in its key holdings, thereby
giving its shareholders the maximum value for their investment.
On behalf of International Tower Hill Mines Ltd.
Jeffrey A. Pontius, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 27E of
the Exchange Act. All statements, other than statements of
historical fact, included herein including, 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, the potential for a production
decision, or any subsequent production, at the Livengood project,
business and financing plans and business trends, 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 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 Company's inability to obtain any necessary permits,
consents or authorizations required for its activities, the
Company's inability 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 20-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 mineral properties.
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.
NR10-18
Contacts: International Tower Hill Mines Ltd. Quentin Mai
Vice-President - Corporate Communications 1-888-770-7488 (toll
free) or (604) 683-6332 (604) 408-7499 (FAX)
qmai@internationaltowerhill.com www.internationaltowerhill.com
International Tower Hill... (TSX:ITH)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Tower Hill... (TSX:ITH)
Historical Stock Chart
From Jul 2023 to Jul 2024