International Tower Hill Mines Appoints Tom Irwin Vice President, Alaska and Karl Hanneman as Alaska General Manager
August 16 2012 - 7:30AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH)(NYSE MKT:THM)(NYSE Amex:THM)(FRANKFURT:IW9) announces
that Thomas E. Irwin has been promoted to the positions of ITH Vice
President, Alaska, and President, Tower Hill Mines, Inc., the U.S.
operating subsidiary. Effective immediately, Mr. Irwin will assume
responsibility for management of all Alaska activities of the
subsidiary for the Livengood Gold Project. Most recently the Alaska
General Manager for the Livengood Gold Project, Mr. Irwin has over
35 years' experience in the natural resource industry constructing,
optimizing, operating and permitting major mining projects in
Alaska, Nevada and Colorado with companies such as Amax Gold Inc.
and Kinross Gold Corporation. He also served for six years as
Commissioner of the Alaska Department of Natural Resources.
The Company has also appointed Karl Hanneman to the position of
Alaska General Manager. Mr. Hanneman has been with the Company
since May 2010, during which time he was responsible for assembling
the Alaska team and served as Project Manager. Mr. Hanneman has
more than 30 years of Alaska-based mining industry experience
including a key role on the team that worked to successfully
resolve the permit issues at the Red Dog Mine and was Alaska
Regional Manager during development and permitting of the Pogo Gold
Mine.
Tom Irwin, ITH VP Alaska, states, "I am very excited and
privileged to be working with the exceptional team we have at ITH.
The Livengood Gold Project is one of the most significant new
mining projects in North America and we, as ITH, look forward to
developing Alaska's next great mining project."
"The Board is extremely pleased to have Tom Irwin take this
leadership role within the Company to advance the Livengood Gold
Project," said Don Ewigleben, Board Chairman. "Tom, Karl, and the
Alaska based team have an unparalleled track record of success in
permitting and development of mines in Alaska. This exceptional
Alaskan team continues to rapidly advance our exciting world class
Livengood Gold Project toward production."
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 2012, ITH is focused on the
rapid advancement of the Livengood project into a compelling
potential development scenario.
On behalf of International Tower Hill Mines Ltd.
Jeffrey A. Pontius, Interim 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,
completion and cost of exploration programs, anticipated
exploration program results and the timing thereof, the discovery
and delineation of mineral deposits/resources/reserves, the
potential for the expansion of the estimated resources at
Livengood, the identification of additional deposits on the
Company's Livengood land package, the potential for a production
decision to be made, the potential commencement of any development
of a mine at Livengood following a production decision, business
and financing plans and business trends, are forward-looking
statements. Information concerning mineral resource estimates and
the preliminary economic analysis thereof 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 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.
NR12-23
Contacts: International Tower Hill Mines Ltd. Michelle Stachnik
Manager Investor Relations 303-881-7646 or Toll-Free:
1-855-208-4642 Ext. 213mstachnik@ithmines.com www.ithmines.com
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