NI43-101 Disclosure
The Company's latest Independent Technical Report relating to its Livengood Project is as follows:
"August 2011 Summary Report on the Livengood Project, Tolovana District, Alaska" dated August 25, 2011 by Carl E. Brechtel (PE), Tim Carew P.Geo., Russell Myers (CPG 11433), William Pennstrom Jr. M.A. (QP-MMSA), Chris Puchner (CPG 07048) and Scott Wilson.
National Instrument 43-101 - Standards of Disclosure for Mineral Projects is a rule developed by the Canadian Securities Administrators, and applicable throughout Canada , which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects materials to the issuer. International Tower Hill Mines Ltd. adheres to the NI 43-101 standards, and provides the following information related to the Livengood Project.
This Technical Report presents an update of the mineral resource estimate and summarizes technical work currently ongoing in the Livengood PFS, which is scheduled for completion in Q4 of 2011. The effective date of the mineral resource estimate is August 22, 2011.
Information for this report was provided to the authors by ITH and consists of data generated by ongoing exploration by ITH and initial data from 2004 and earlier which was provided to ITH by AGA. In addition, Mr. Carew has spent an aggregate of 30 days on the site during four visits, including discussions with on-site geologic staff and review of various aspects of the program. Data provided by ITH has included reports developed by Dr. Paul Klipfel (CPG). Dr Klipfel has spent an aggregate of thirty days on the site during eight visits reviewing core, examining outcrop, and discussing the project with on-site geologic staff and with Mr. Jeffrey Pontius, CEO of ITH, and Mr. Carl Brechtel, President and COO of ITH. In addition, Dr. Klipfel has undertaken independent petrographic evaluation of samples from the project.
Drilling, sampling, QA/QC, logging and sampling, and other exploration activities have been performed by contract geologic staff under the direction of Dr. Russell Myers, Ph.D. (formerly ITH VP Exploration), Mr. Karl Hanneman, Livengood Project Manager, and Mr. Chris Puchner (ITH Chief Geologist; AIPG CPG 07048). Mr. Puchner is a Qualified Person as per guidelines set out in NI 43-101. Support for logistics, surveying, camp management, and digital modeling have been provided by Northern Associates of Alaska Inc. and their geologic, survey, and IT staff. External consultants and engineering firms have been contracted for numerous functions including Giroux Consultants Ltd. of Vancouver, B.C., (previous resource evaluations), Barnes Engineering Services (previous resource evaluation), Mineral Resource Services, Inc. (petrographic evaluation), Three Parameters Plus, Inc. (environmental studies), Northern Land Use Research Inc. (archaeological surveys), ABR Inc. (environmental studies), HDR Inc. (environmental studies), SLR Inc. (hydrology studies), Kappes Cassiday and Associates, (metallurgical test work), McClelland Laboratories Inc. (metallurgical test work), Hazen Research Inc. (metallurgical test work), Resource Development Inc. (metallurgical test work). AMTEL Ltd. have performed gold deportment studies. FLSmidth have performed metallurgical process studies and process engineering design work. SRK are performing hydrologic investigations, rock geochemical studies, and surface mine slope stability analysis. Knight Piesold Consulting has performed evaluations for tailing management facilities, overburden storage facilities, water storage reservoirs and heap leaching facilities. Cube Consulting Pty. Ltd. has performed surface mine optimization and production scheduling studies for the pre-conceptual mining, and Scott Wilson Consulting, Inc. has performed mine engineering studies. MTB Project Management Professionals, Inc. have reviewed the capital and operating cost assumptions, assembled capital expenditure schedules and assisted with Project Management systems development.