International Tower Hill Mines Hires Construction Manager for the Livengood Project, Alaska
March 15 2011 - 9:00AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:
ITH)(NYSE Amex: THM)(FRANKFURT: IW9) is pleased to announce the
hiring of Thomas E. Irwin as the Company's Construction Manager at
its Livengood Gold Project near Fairbanks, Alaska. Mr. Irwin has
over 35 years' experience in the natural resource industry
constructing, optimizing, operating and permitting major mining
projects with companies such as Amax Gold and Kinross. Most
recently, he served for six years as the Commissioner of the Alaska
Department of Natural Resources.
Prior to his role with the Alaska Department of Natural
Resources, Mr. Irwin held senior positions at Kinross Gold's Fort
Knox mine located 60 miles southeast of the Livengood project. From
1992 to 1996, he was Vice-President of Fairbanks Gold Mining, Inc.,
responsible for engineering at Fort Knox during mine design. From
1996 to 1999, he was the Operations Manager responsible for mine
start-up and operation at the Fort Knox mine and General Manager of
the mine from 1999 to 2001. From 2001 to 2003, he became the Vice
President, Business Development for Fairbanks Gold Mining Inc., a
subsidiary of Kinross Gold, responsible for new project permitting,
business development and governmental and public relations as
related to Kinross activities in Alaska. Prior to his work at Fort
Knox, Mr. Irwin was General Manager of Amax Gold's Sleeper Mine in
Nevada and manager of the Climax mine in Colorado. Mr. Irwin has a
degree in Mineral Engineering-Chemistry from the Colorado School of
Mines.
As Construction Manager for ITH, Mr. Irwin will be responsible
for the development and implementation of a Construction Plan for
the Livengood project, which will include review of the technical
investigations and engineering studies required to advance the
project toward development. Working together with Karl Hanneman,
the Company's Alaska Livengood Project Manager, he will help ensure
that the design and development work are optimized to smoothly
transition the project from planning, through permitting, and into
the construction phase.
Jeff Pontius, Chief Executive Officer of ITH, stated: "We are
extremely fortunate to be joined by Mr. Irwin as our Construction
Manager at the Livengood project. This marks yet another step
forward for the Company as we continue to build up a world-class
development and operations team that can move the Livengood project
towards becoming Alaska's next major gold mine."
Karl Hanneman, Livengood Project Manager, stated: "Tom brings
in-depth knowledge of large-scale mining and cold weather
operations to our team at the most important time, the early
project planning stage. His practical experience and comprehensive
understanding of safety, environmental stewardship, and operations
in Alaska will help us design and build a project that meets the
highest standards."
About International Tower Hill Mines Ltd.
International Tower Hill Mines controls a 100% interest in the
world-class Livengood Gold Project, accessible by paved highway 70
miles north of Fairbanks, Alaska. For 2011, the Company is focused
on the rapid advancement of the project into a compelling potential
development project while it continues to expand its current
resource and explore a land package spanning 145 km2 for new
deposits.
On behalf of INTERNATIONAL TOWER HILL MINES LTD.
Jeffrey A. Pontius, 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 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 the expansion of the
estimated resources at Livengood, the potential for any production
decision to be made at the Livengood project, the potential for any
production at the Livengood project, the potential for the
construction of a mine at Livengood, 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 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 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.
NR11-04
Contacts: International Tower Hill Mines Ltd. Shirley Zhou
Vice-President - Corporate Communications 1-888-770-7488 (toll
free) or (604) 638-3247 (604) 408-7499 (FAX) szhou@ithmines.com
www.ithmines.com
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