International Tower Hill Mines Appoints Harold Galbriath as Mining Manager
August 16 2011 - 9:30AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:
ITH)(NYSE Amex: THM)(FRANKFURT: IW9) announces the appointment of
Mr. Harold A. Galbriath as the Company's new Mining Manager,
effective September 7, 2011. Mr. Galbriath has over 28 years of
experience in all aspects of mining operations, maintenance
systems, technical services and industrial engineering support,
holding positions with mining companies such as Rio Tinto,
Kennecott, Glamis Marigold Mining Company and Drummond Ltd.
Most recently, Mr. Galbriath served as the Mine Manager for
ASARCO, LLC at the Mission Mine in Sahuarita, Arizona, where he was
responsible for annual mine production of 56.4 million tonnes of
material as well as maintenance of all rolling stock. Mr. Galbraith
also specified and directed the acquisition of $190 million worth
of equipment since 2007. Prior to that, he served as the Mine
Superintendent for Glamis Marigold Mining Company where he oversaw
the production of 42 million tonnes of materially annually from
2005 to 2006. From 2001 to 2005, he held increasingly senior roles
with Drummond Limited in South America, including Production
Engineer, Senior Production Engineer and Assistant Superintendent
of production at the LaLoma, Caesar and Colombia mines. From 1990
to 2001, he held multiple roles including Senior Projects Engineer
as well as Short and Long Range Planning Engineer with Rio Tinto,
Kennecott, Barneys Canyon Mining Company and Rawhide Mining
Company. Mr. Galbriath has a Bachelor of Science degree in Mining
Engineering from the Pennsylvania State University.
Upon joining ITH, Mr. Galbriath will be responsible for
developing the Livengood Life of Mine plan including all aspects of
ore production and scheduling, overburden management plans, mine
capital programs, mine infrastructure engineering, assisting in
permit application data acquisition and assessment of construction
earthwork requirements.
Carl Brechtel, President and Chief Operating Officer of ITH,
states: "Hal has the ideal skillsets and experience with
large-scale mining operations to help us optimize the movement of
materials to enhance operational efficiencies. His addition to our
development team is another important step in retaining the
best-in-industry talent as we advance the Livengood project towards
development into a major new gold mine in North America."
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. In 2011 ITH is focused on the
rapid advancement of the Livengood project into a compelling
potential development scenario while it continues to expand its
current resource and explore its 145 km2 district for new
deposits.
On behalf of International Tower Hill Mines Ltd.
James J. Komadina, 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 a production
decision to be made in respect of the Livengood Project, the
potential for any 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.
NR11-12
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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