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Projects
MAIN PROJECTS
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Project
The West Pogo project is a high-grade intrusion related vein system target.
Location
The West Pogo property is located approximately 3 km west of the Pogo ore deposit, along the Pogo Mine access road. The Pogo Mine has a current reserve in excess of 5 million ounces of gold and is aggressively exploring along an east-west trend on their property package to the east.
Ownership
International Tower Hill Mines ("ITH") owns 100% of the 17km² land package consisting of State of Alaska claims.
Property Background
AngloGold Ashanti (USA) Exploration Inc. originally acquired the West Pogo project from a third party in an asset sale in 2002. Initial soil results highlighted an east-west trending gold and trace element anomaly that was tested with one hole that year targeting the intrusion margin. The drill hole missed the intended target remaining in the intrusive its entire length (best interval 2m @ 0.3 g/t). ITH's review of the data on the project suggests that a favorable target environment exist to the west and it is following it up with additional soil survey.
Mineralization
The West Pogo property is underlain by a similar package of host metamorphic units to those found at the Pogo mine 3 km to the east and intruded by similar age intrusives. Gold mineralization discovered to date is related to high temperature quartz veins like those at Pogo with similar trace element values (best rock sample 11 g/t with high Bi & Te). The dominate structure on the property is EW shearing and with related NW and NE faulting. New work being conducted by ITH has focused on the western margin of the large 100Ma granite that is central to the property. The target potential will be evaluated with infill soil sampling in 2006 and if warranted drilling in 2007.
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