ITH - Intl. Tower Hill Mines - WKN A1C4CG

March 22, 2012 07:30 ET
International Tower Hill Announces 2012 Operations Update at the Livengood Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) announces an operations update at the Company's 100% controlled Livengood Gold Project near Fairbanks, Alaska. In addition to advancing its Pre-Feasibility Study towards expected completion in the third quarter of 2012, the Company is carrying out approximately 12,000 metres of drilling in support of permitting activities, engineering design, condemnation of proposed infrastructure sites and district-wide exploration. The Company also announces that it will postpone all further studies for placer gold extraction on its recently acquired placer claims to focus on advancing the Livengood gold deposit towards development and a production decision.

Pre-Feasibility Study Progress

The Pre-Feasibility Study ("PFS") currently underway will incorporate the current mineral resource estimate of 933 million tonnes at an average grade of 0.55 grams per tonne of gold (at a cutoff grade of 0.22 g/t gold) for 16.5 million ounces of gold contained in the Measured and Indicated categories (see news release dated August 23, 2011) together with the results of geotechnical studies, metallurgical testing, updated capital and operating cost estimates and other relevant studies.

While the bulk of engineering studies for the PFS were completed in November 2011, the Company is currently carrying out detailed metallurgical testing after a review of the Preliminary Economic Assessment flow sheet indicated that further optimization is possible. Due to the large amount of testing underway, the publication date for the PFS is now expected in the third quarter of 2012.

2012 Drilling Programs

The Company's 2012 Drilling Programs commenced in February and consist of three categories: (1) a $2.1-million, 6,000-metre condemnation drill program; (2) a $5.2 million, 3,000-metre program of geotechnical drilling; and (3) a $1.1 million, 3,000-metre district-wide exploration program. The objectives of the condemnation and geotechnical drill programs are to support permitting efforts and detail site facility locations while the discovery exploration program aims to target potential new gold discoveries along the mineralized trend of the existing Livengood gold deposit. Results from all drill programs are expected throughout the summer and fall of 2012.

To support the completion of these work programs, on March 16, 2012 the ITH Board of Directors approved a budget of CAD 68.3 million for its 2012 fiscal year ending December 31, 2012, subject to raising the necessary additional financing.

Livengood Placer Claims

Following a comprehensive review and internal financial analysis of the Company's placer property, management has opted to postpone all further studies, including an NI 43-101 resource report and Preliminary Economic Assessment, for placer gold extraction.

"Investigating the possibility of placer gold production from our recent placer claims acquisition was a key part of our mandate to explore all opportunities to create value for shareholders in the short-term," stated James Komadina, President and Chief Executive Officer of the Company. "However, the results of our investigations indicate that the greatest benefits will be to optimize site facility locations for the Livengood Project."

"In the past three months, our Manager of Mining and Livengood placer team worked diligently to look at ways of getting into short-term production as quickly as possible," continued Mr. Komadina. "And while we would have relished the opportunity to produce gold as early as 2013, our highest priority remains our 16.5 million-ounce Livengood gold deposit. Postponing development of the placers creates the most synergy with the development of the larger Livengood deposit and this is the route that we must take to ensure the highest possibility of success."
 
April 04, 2012 09:30 ET

International Tower Hill Recognizes Alaska Progress Made Towards Lowering Energy Costs for Alaskans

http://www.marketwire.com/press-rel...rds-lowering-energy-costs-tsx-ith-1640417.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) is pleased to inform investors that the State of Alaska has reached a landmark settlement with major oil producers BP PLC, Exxon Mobil Corp. and ConocoPhillips for the study of a major liquefied natural gas pipeline at the Point Thompson gas field on the North Slope of Alaska's northernmost coast. A major gas pipeline in the State would have the potential to significantly reduce power costs in Alaska and positively impact the economics for the Company's 100% controlled Livengood Gold Project located near Fairbanks, Alaska.

Announced on Friday, March 30, 2012, the deal between the State and the oil giants ends three decades of dispute at Point Thomson, a large oil and gas field located 60 miles east of Prudhoe Bay. This is a critical step to a gas pipeline, long-sought by Alaskans as a way to shore up revenues amid declining oil production, create jobs and provide a reliable source of energy. The new deal incentivizes the oil producers to begin development of the gas and finding markets so that a pipeline can be built.

"This settlement is a huge step in the right direction for the development of affordable energy in the State of Alaska for both residents and businesses," stated James Komadina, President and Chief Executive Officer of the Company. "This is also an extremely positive development for the Livengood Gold Project as energy costs account for more than 25% of our anticipated overall production costs. The construction of a new LNG pipeline has the potential to reduce our energy costs by a significant margin, making our project much more robust economically."

The Point Thomson gas field holds an estimated 8 to 9 trillion cubic feet of gas, or approximately one fourth of the total 35 billion cubic feet of gas in the North Slope, which contains approximately one-eighth of US total reserves. Currently, almost 90 per cent of Alaska's gas output, which is produced as part of oil production, is reinjected into the field because there currently is no way to bring the gas to market. Exxon, BP and Conoco have yet to announce the next steps for the plan, which is expected to include a large gas pipeline to Alaska's southern coast and a plant to liquefy gas for export. The proposal, which could cost an estimated $40 - $50 Billion and take five to 10 years to develop, still has to clear many commercial and regulatory hurdles.
 
11:39 AM EST - International Tower Hill Mines Ltd. (ITH):
Jeffrey Pontius sold 13,000 shares at $3.94 on 04-09-12 --
bringing his total stake in the company to 579,166 shares.
 
stockhouse


Dear ITH shareholders and investors on this bullboard,

After monitoring this bullboard for close to 2 years with a strict policy not to comment, I believe now is a good time to rescind that policy given the extraordinary conditions we are finding ourselves in and the need to respond to some serious concerns expressed on this board about the company. I'd like to start off by saying that our entire management team empathizes profoundly with your frustration at our current share price. However, we continue to stay focused on what we can control, which is to work as hard and efficiently as possible to move the project forward through engineering studies, drilling and permit preparation.

Currently, we are indeed trading close to our 52-week low. However, his is true for half a dozen of our nearest comparable peers and most mid-tier and majors in the sector are far off from their highs...even as the price of gold remains above well above $1,600/oz. Many of these companies are run by extremely competent and talented management teams with clear strategies for moving their companies forward. But the current investor sentiment in the entire junior gold space is the lowest it has been since 2008 and prior to 2002. A simple glance at sites like www.Kitco.com or www.seekingalpha.com, which provide commentary on the metals markets, will provide you with a plethora of articles detailing the current state of the gold space. As much as stock prices are influenced by management decisions, the current state of the gold equities market and extreme risk aversion often has a larger impact and cannot be ignored.

There are frequent comments on why this company isn't on sale anymore. Before our new CEO came on board, there were 3 years in which the company proved up significant resources and had openly invited potential suitors to evaluate the project. There is no secret that the company was reviewed by many different parties but there were always questions that could only be answered when more engineering work was done (such as a Prefeasibility Study and Feasibility Study).

Please keep in mind that large producers will rarely stick out their necks for projects that have not been de-risked, especially lower grade projects where the margin of error is very small. A producing mine or permitted mine, or a project with very high grades, will always be much more attractive (and safer to acquire) than one that has not gone through the de-risking process. This is why majors are willing to wait for the hard work of designing and permitting this mine to be over before they take another serious look. For a management team to simply say "we are for sale" or "we are not for sale" has no impact on whether a major would want to acquire a project. It all depends on the merits of the asset itself and at what stage it has been advanced to where there can be high level of confidence in the asset becoming a producing mine. If a major decides it absolutely must have a project that is held in a publicly traded company, the only people standing in its way is not the management team, but the shareholders. The truth of the matter is that they had plenty of opportunity to buy this asset when it was "on sale" for the past 3 years....but they didn't because there are still many hurdles to overcome.

This then goes to the question of why Mr. James Komadina was hired on as the new CEO of International Tower Hill Mines in June 2011. After 3 years of having the project "for sale" and no serious bids, the board recognized that they needed a mine-builder to come in and de-risk this project...rather than letting this massive resource simply sit around. It is exactly because Jim is a mine-builder and has gone through each one of those hurdles that Livengood must overcome that he was hired by the Board and came recommended by the previous CEO, Jeff Pontius. Mr. Komadina himself agreed to join only after he evaluated the project and saw that the Livengood project had all the right attributes to be permitted and mined. Nevertheless, proving this fact to investors will take time and a lot of engineering and environmental work, all of which are underway and being pushed along by Jim (engineering studies such along with permitting will take around 4 - 5 years to complete). He has a clear strategy going forward and a lot of his plans and rationale for how the company has progressed is openly discussed in his CEO messages (http://www.ithmines.com/corporate/ceo/). You can also watch the CEO of Newmont talk about the length of time it takes to build a mine here: http://video.cnbc.com/gallery/?video=3000068755.

As for cash, we indeed have $56 million as of December 31, 2011. Our cash position came down as a result of land acquisitions in December in order to secure land that we needed for our tailing facilities. It was absolutely imperative that we obtain that land as it was the most ideal location for us to locate some of our most important site facilities. Not having that land would have forced us to put our tailing facilities in an alternative location that could have substantially increased our CAPEX.

As for the recent sale of shares by particular insiders, please note that people often need to sell shares for a variety of personal reasons that have nothing to do with the merits of a company.

I appreciate all of your comments and invite you to contact me by phone at toll-free 1-855-208-4642 Ext. 213. I would be happy to discuss any and all of our concerns further.

Best wishes,

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.
 
Please note the land purchase that occurred in December 2011 had the primary purpose of securiting land on which we plan to put a tailng facility for our mill. You can read the original announcement at http://www.ithmines.com/news/2011/index.php?&content_id=261. The comment made was “The Acquisitions enable the Company to pursue additional site facility locations and to investigate other land use opportunities including the potential for placer gold extraction in the near-term."



The fact that placer gold existed on the surface on ground we needed to acquire anyway warranted a serious investigation into the possibility of placer mining. It is only right for management to look for opportunities to generate short-term value for investors. In the end, a lot of work went into looking at the placer but ultimately it was determined that this was not a viable option. We were just as disappointed as many of our investors but ultimately it is still about advancing the 20 million ounce Livengood project forward.

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.
--------------------------------------------------------------------------------
 
Please note the analyst you are thinking of Adam Graf from the US firm Dahlman Rose & Co. who published a long-term target price on THM of over $28.00 back in mid-2010. They do not use the conventional 12-month target price employed by most other analysts and their target prices are based on a 0% discount to NAV and anticipates how the company's shares may perform over the long run at the market conditions that existed when he wrote the note. Their share price targets flutate on a weekly basis based on market conditions. As of Monday, April 9, their share price on THM is $10.16 based on how poorly the sector is performing as a whole.



Also, any strong hand can be made to sell if they have other committments for which they need to raise the funds. Especially for anyone who has all their money tied up in a single investment and is looking to diversify.



Please feel free to check information with me at anytime at toll-free 1-855-208-4642 Ext. 213 or szhou@ithmines.com.

Best wishes,

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.
 
April 18, 2012 08:00 ET
International Tower Hill Mines To Commence District-Wide Exploration Program at the Livengood Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) announces that, on May 1, 2012, it will be commencing two major field drill programs consisting of district-wide exploration and condemnation drilling at the Company's 100% controlled Livengood Gold Project near Fairbanks, Alaska. Results from the drill programs are expected throughout the summer and fall of 2012.

The Company plans to drill 3,000 metres in 10 core holes as part of its initial district-wide exploration program focused on making new discoveries in the Company's 145 km2 land package. Prior drilling, mapping and surface geochemical sampling conducted in 2010 had identified an area northeast of the Money Knob deposit where faults, dikes and anomalous gold coincide, indicating an area of potentially significant mineralization. An initial three holes are planned to target the area to assess the extent of the mineralization (see Figure 1). Subsequent exploration drill sites are contingent on the results of the initial holes.

In addition, a 40-hole, 6,000-metre program of condemnation drilling will be carried out to either sterilize or establish the presence of significant mineralization in the area surrounding the Money Knob deposit and extending northeast towards existing mineralized exploration drill holes. The purpose of the condemnation drilling program is to determine appropriate areas for infrastructure development.

To view Figure 1, please visit: http://media3.marketwire.com/docs/ith418_F1.pdf.

"With our Money Knob deposit sitting at over 16.5 million ounces in the Measured and Indicated, and 4.1 million ounces in the Inferred, resource categories, it is important for us to look in new areas of our land package to see if we can find additional gold deposits," stated Jim Komadina, Chief Executive Officer. "In addition, as the Livengood project progresses toward permitting and development, it is crucial to begin engineering data acquisition so that regulatory and community engagement can begin. The condemnation drill program is designed to enable Tower Hill Mines, Inc. to be ready for these important discussions in the first quarter of 2013."

In separate news, the Company confirmed today that the report of the Company's independent public accounting firm on its audited consolidated financial statements for the seven month period ended December 31, 2011 and for the year ended May 31, 2011, as filed with certain Canadian regulatory authorities and with the United States Securities and Exchange Commission in the Company's annual report on Form 40-F, on March 26, 2012, contained an "emphasis of matter" paragraph in relation to a going concern explanatory note. The note did not modify the report of the independent auditor, but instead draws attention to Note 1 of the Company's audited consolidated financial statements which describe certain material uncertainties related to the ability of the Company to continue as a going concern. Under rules of the NYSE Amex the inclusion of such a paragraph is required to be announced. As disclosed in Note 1 to the Company's audited consolidated financial statements, the Company's current working capital is considered sufficient to fund its operations and exploration program for the current fiscal year.
 
May 15, 2012 07:30 ET
International Tower Hill Mines Announces Livengood Project Update and Departure of Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) announced today that the Board of Directors has decided to undertake a review of the Livengood Project in order to optimize available development alternatives, including infrastructure and processing options and financing opportunities. The Company is currently revising its 2012 work program to fit within its current financial position. "We are very pleased with the progress we have made on the Livengood Project and the range of options open to us as we manage our costs according to our financial resources," said Don Ewigleben, Chairman of the Board of Directors of ITH. "We look forward to updating shareholders on the results of our review."

The Company also announced today that its Board of Directors has accepted the resignation of James Komadina as President and Chief Executive of the Company. Mr. Komadina expressed to the Board a desire to spend more time with his wife and family. Mr. Komadina will be available as a consultant to ITH. Mr. Ewigleben said, "On behalf of the Board of Directors of the Company, I would like to extend our thanks to Jim for his work as our President and Chief Executive Officer. Jim has materially advanced the Livengood Project and leaves in place an excellent team to continue progress toward completion."

The Board of Directors has commenced a search for a new Chief Executive Officer. During the interim period, the day to day operations of the Company will be supervised by an executive committee consisting of Don Ewigleben, Chairman of the Board of Directors and Director and former President and Chief Executive Officer of ITH, Jeffrey Pontius. Mr. Ewigleben has extensive mining industry experience, particularly in Alaska with permitting and project development activities. Mr. Pontius is a founder of ITH and important driver of the Company's Livengood discovery and resulting shareholder valuation growth and has extensive market experience.
 
Gold Is Not a Growth Industry—It Can Just Pay Investors Big: John Hathaway
TICKERS: AEM, AU; ANG; AGG; AGD, ITH; THM, NEM, OSK
Source: JT Long of The Gold Report (5/11/12)


(…) JH: International Tower Hill Mines Ltd. (ITH:TSX; THM:NYSE.A) has been very frustrating recently. But I've been through it before. The stock has been very disappointing lately, but when I see a good asset like that, it's worth sticking with. We'll get it right. Not on a timing that will make everybody happy, but we'll get it right. And we view it as a partnering. We're vocal shareholders, but we never want to seem abrasive or hostile. Basically, everybody's got an interest in making the thing work.

We've been a long‐time investor in International Tower Hill. The market is scared right now because there's a big capital expenditure program. But we've financed the company in several rounds. Before there wasn't more than just a couple million ounces there and today the company claims it could have as much as 20 million ounces in various categories. And it's in Alaska. So when you read all these terrible headlines about Mali and Indonesia, Alaska sounds pretty darn good. Alaska's got infrastructure. International Tower Hill is in a mining‐friendly jurisdiction, near Fairbanks. There's every reason in the world it would want to get this thing permitted and built. I think it will. We just have to figure out how to get from here to there.(…)

http://seekingalpha.com/instablog/399928-the-gold-report/624711-gold-is-not-a-growth-industry-it-can-just-pay-investors-big-john-hathaway
 
Dear Shareholders and Investors on this Bullboard,

Thank you all again for sharing your thoughts on today's developments. Please note that Jim left the company because he wished to spend more time with his wife and family. As for many of us, family comes first above everything else and the board fully supported and respected his decision.

In terms of the strategic review being undertaken by the Board of Directors on the development options at Livengood, it is being undertaken in response to recent market conditions. Our Board is currently looking at any and all opportunities to accelerate the timeline of the project where possible. This review includes a look at options that were not fully considered in the past. The Board is also reviewing the company's previously stated work programs in 2012 and undertaking cost reductions to allow the company to stay within its current financial resources while we continue progress with key elements of the program. All work on metallurgical testing, engineering studies and environmental baseline studies remain on track.|

The company is definitely in another period of transition and we will do our best to keep shareholders updated on our developments.|

I am happy to provide further information and answer any of your questions and concerns by phone at Toll-Free 1-855-208-4642 Ext. 213 or by e-mail at szhou@ithmines.com.

Best wishes,

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31065737&l=0&r=0&s=ITH&t=LIST






I know this is a difficult time and a transition such as the change in CEO is never easy to understand and/or accept for what they are. The metallurgical testing that is underway will be completed in August...several months from now. No one knows the full results until all testing has been complete and the results integrated.

I am here to because I am always happy to provide further information and answer any of your questions and concerns by phone at Toll-Free 1-855-208-4642 Ext. 213 or by e-mail at szhou@ithmines.com. I look forward to hearing from you.

Best wishes,

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.
 
International Tower Hill Files 2012 First Quarter Financial Results
May 11, 2012

Vancouver, B.C. - International Tower Hill Mines Ltd. (“ITH” or the “Company”) - (TSX: ITH, NYSE-A: THM, Frankfurt: IW9) has filed its unaudited first quarter financial statements and associated management discussion and analysis for the three-month period ended March 31, 2012 on May 10, 2012. These documents will be available for viewing on SEDAR and EDGAR and on the Company’s website on Friday, May 11, 2012.

Shareholders can obtain copies of these documents and related management discussion and analysis on SEDAR (www.sedar.com), EDGAR (www.sec.gov) and on ITH’s website at www.ithmines.com. ITH will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company.
 
neue Unternehmenspräsentation vom 15.05.2012:
http://www.ithmines.com/_resources/presentations/ITH_Presentation_May_15_2012.pdf


neues Factsheet vom 15.05.2012:
http://www.ithmines.com/_resources/presentations/ITH_Fact_Sheet_May_15_2012.pdf



.
 
“Rudderless” in a challenging gold market
Analyst slashes stock price target for International Tower Hill Mines, following the resignation of the company’s CEO.

5/16/2012

Dear Stockhouse Member,

Shares of International Tower Hill Mines Ltd. (TSX: T.ITH, Stock Forum) (NYSE: THM, Stock Forum) have taken a severe beating following the departure of chief executive officer Jim Komadina, who recently tendered his resignation, citing personal reasons for doing so.

Down another 5% to $2.52 on Wednesday, the stock has fallen all the way from $8 last October, leaving the company with a market cap of $218.4 million based on 86.6 million shares outstanding. The 52-week range for the stock is $8.45 and $2.41.

At least one analyst sees no quick recovery for International Tower Hill, which has been working to develop its flagship Livengood gold project, about 70 miles north of Fairbanks, Alaska, not far from the Arctic Circle where winter temperatures can dip as low as minus 55 degrees celcius.

Dubbed the 20th largest undeveloped gold deposit in the world, it is estimated to host a measured and indicated resource of 16.5 million ounces, grading 0.55 grams per tonne. The company is forecasting that it would cost at least $1.6 billion to install the plant and facilities associated with a 665,000 ounce per year gold mine.

A project on that scale will clearly require highly experienced management and Canaccord Genuity mining analyst Wendell Zerb has expressed the fear “that the company’s progress could now become rudderless in this difficult market for gold developers.”

It is a worry that sums up what triggered the sell-off, Canaccord said.

A metallurgical engineer, Komadina has 32 years of experience in project development, construction and operations with major gold producers, including the South African giant AngloGold Ltd. He has been a leader in advancing Livengood towards feasibility and was responsible for assembling many of the key individuals that are currently involved with the company, Canaccord said.

For its part, International Tower Hill said it has decided to undertake a review of the Livengood project in order to optimize available development alternatives, including infrastructure and processing options and financing opportunities.

The company is currently revising its 2012 work program to fit within its current financial position, it said in a May 15, 2012 release.

Canaccord said Zerb believes this review will be focused on cutting spending to conserve its current cash position of $39.7 million. “While prudent, this sends the message that Livengood is unlikely to advance toward production under the current market conditions,’’ the investment firm said.

“Due to ongoing global macroeconomic issues and sector specific concerns (capital and operating inflation, permitting challenges, political roadblocks, etc.), the market is especially challenging for a lower grade, capital intensive project like Livengood, the investment firm added.

As a result of Komadina’s departure, the poor financing environment and declining gold price environment, Zerb has slashed his stock price target and lowered his rating on International Tower Hill. Prior to the May 15 downgrade, Zerb rated the stock a “speculative buy” with a $9.90 target.

He has now put a “hold” rating on the stock with a target of $3.40.

International Tower Hills said its board accepted Komadina’s resignation as President and CEO after he expressed a desire to spend more time with his wife and family. However he will be available to act as a consultant to the company which has now begun the search for a successor.

http://www.stockhouse.com/Community-News/2012/May/16/Stockho…
 
483_ith_29_1.png
 
http://www.petroleumnews.com/pntruncate/437084916.shtml


!!!!!!!!!!!!!!!!!
 
May 29, 2012

Correction In Precious Metals and Miners Creates Buying Opportunity

...
One of our favorite miners, International Tower Hill Mines (THM or ITH), which has been on a hold recommendation for several months is reaching a record oversold level as it goes through a management transition and several analyst downgrades. Share prices are so beaten down that one Tower Hill share can control approximately .2 ounces of Livengood gold and for the price of owning one ounce of gold bullion an investor can control over 100 ounces of Livengood gold. This provides excellent leverage for THM investors to the rising long term trend in gold. We believe that this test of three year lows should hold. We will be following the chart closely.

John Hathaway, Senior managing director of Tocqueville Asset Management in his recent interview with theaureport.com said the following,”International Tower Hill Mines Ltd. (ITH:TSX; THM:NYSE.A) … it’s in Alaska. So when you read all these terrible headlines about Mali and Indonesia, Alaska sounds pretty darn good. Alaska’s got infrastructure. International Tower Hill is in a mining‐friendly jurisdiction, near Fairbanks. There’s every reason in the world it would want to get this thing permitted and built. I think it will. We just have to figure out how to get from here to there.”

International Tower Hill Mines controls one of the largest gold mines in the world and certainly in North America with over 20 million ounces of gold just outside mining friendly Fairbanks, Alaska. Recently the CEO resigned to spend more time with his family. Some of my subscribers have been concerned about the low share price and how the company is moving forward.

Jeff Pontius, Former CEO, Founder and Director of THM discusses the steps Tower Hill Mines is taking over the next few months and why their Livengood Project is a tier one marquis asset. As you are well aware Jeff is currently CEO of Corvus Gold, which was a spin off of International Tower Hill Mines. Corvus just hit new 52 week highs.

In this interview, Jeff discusses why Tower Hill is similar to a call option on the price of gold as it provides significant leverage to investors who believe in the long term upward trend of precious metals and the continued worldwide debasement of fiat currency. Click below to view the interview.


http://www.youtube.com/watch?v=Ffvi5yRw-B0&feature=player_embedded#!
THM is testing its three year lows and is 50% below the declining 200 day moving average. The 200 day usually acts as a magnet and we could see a snapback rally in many of the deeply oversold first tier projects. Remember that the Tocqueville, Paulson and Anglogold Group are supportive shareholders of this company recognizing that THM shares provide excellent leverage to the rising price of gold.

http://goldstocktrades.com/blog/2012/05/29/correction-in-precious-metals-and-miners-creates-buying-opportunity/
 
For investors wondering about price action today in ITH, the large movement at the end of day was the result of shares being sold by the S&P/TSX Global Gold Index as it completed a quarterly rebalancing. ITH was deleted from the index along with 18 other resource companies as it went below the index's minimum required float market capitalization of US$300 million based on a three-day VWAP (volume weighted average price). The rebalancing (and associated buying/selling), was to be carried out before market open on Monday, June 18, 2012, and appears to be complete.

The news announcing the deletions came out on June 8, 2012: http://www.newswire.ca/en/story/989891/standard-poor-s-announces-changes-in-the-s-p-tsx-canadian-indices

For more information on the S&P/TSX Global Gold Index's Summary of Inclusion Criteria, please visit: http://www.tmx.com/en/data/products_services/indices/global_gold_index.html

For all further inquiries, please contact me directly at 1-855-208-4642 Ext. 213 or szhou@ithmines.com. I am always happy to help.

Best wishes,

Shirley Zhou
VP Corporate Communications
International Tower Hill Mines Ltd.
 
June 19, 2012 08:00 ET
International Tower Hill Mines Announces Update on the Livengood Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2012) - International Tower Hill Mines Ltd. (TSX:ITH)(NYSE Amex:THM)(NYSE MKT:THM)(FRANKFURT:IW9) ("ITH" or the "Company") announces an update regarding the optimization review of its Livengood project, which was announced on May 15, 2012. The Company has determined that the most efficient and cost-effective path to permitting is to incorporate results from current engineering and metallurgical test work directly into a definitive feasibility study, which ITH expects to complete in the first half of 2013. The Company has also implemented a cost reduction program and is evaluating financial de-risking options for the development of the Livengood project. Additionally, the Board of Directors is reviewing a list of qualified candidates for the position of the Company's Chief Executive Officer.

Project Review - Fast Track to Feasibility

Over the past nine months, the Company's management team has been examining all potential options for the Livengood gold deposit to address key process and development opportunities. This work has focused in large part on metallurgical testing aimed at defining the recovery process. To date, the test work has produced encouraging results and suggests the potential for a more efficient gold recovery system than the one proposed in the August 2011 Preliminary Economic Assessment (PEA). The advanced level of this work is expected to enable the Company to bypass the preparation of a prefeasibility study and move directly to completion of a feasibility study, with a view to more cost-effectively advancing the project.

Key elements of this plan for completion of a feasibility study are described below:

Since the August 2011 PEA, the development team has made significant advancements on project design which are being driven by an extensive metallurgical test program. Determining the most cost-effective extraction method is critical to the Livengood gold project's success, given its significant resource size but lower gold grade.

In February 2012, 10,800 kg from approximately 3,000 samples selected from throughout the Livengood deposit were sent to SGS Canada Inc. for the final stage of optimization testing and analysis. To date, SGS has completed gravity test work and results are pending.

Remaining engineering work is focused on determining the secondary system that will be used to complete the gold recovery process. This has been narrowed down to either whole-ore Cyanide in Leach (CIL) or flotation-CIL (the proposed system in the August 2011 PEA). The whole-ore CIL process is being evaluated as it would offer operational simplification opportunities.

Grinding studies have begun and may have significant impacts on equipment selection, power demands and resulting operating costs. Initial results from testing on a more extensive sample base indicate that mineralization at the Livengood project could have better grinding characteristics than those published in the August 2011 PEA. This could have a potentially positive impact on the project.

A number of other trade-off studies and project design alternatives have been evaluated over the last six months, including various grinding circuits, heap leaching and various reagent additions. At present, the large mill concept has generated superior results to all alternatives.

New mine design work is ongoing to re-examine cut-off grades and the optimum grade to the mill, which will produce the most economically robust project. In addition, geotechnical work for surface facility sites has significantly progressed with a key focus being potential tailing and overburden locations.

This test work program and the ongoing engineering studies have significantly advanced the Livengood project and are expected to produce the optimum project from an economic and permitting perspective. Once all work has been completed, the Company plans to begin permitting discussions with various agencies and look at project financing work necessary to advance the project towards production.

Rationalization of Costs

A comprehensive cost and organizational review is being undertaken by the Board of Directors to establish the most cost-effective structure. As a result, the Company has decided to postpone much of its district-wide exploration drilling program and reduce a portion of its condemnation drill program. The Company will focus on completing all the necessary field work and drilling to support the completion of a feasibility study and the environmental work needed to keep its permitting schedule on track. The Company believes that is has sufficient funds to complete the revised 2012 work program.

In addition, the Board of Directors is reviewing all options that could de-risk the project financially, including possible discussions with third parties on joint venture opportunities.
 
http://www.miningweekly.com/article/ith-fast-tracks-alaska-mine-to-dfs-stage-2012-06-19
 
19.06.2012 - Deborah Sterescu - proactiveinvestors USA & Canada

International Tower Hill Mines to move directly into feasibility study for Livengood

International Tower Hill Mines (TSE:ITH)(AMEX:THM) provided Tuesday an update regarding the optimization review of its Livengood project in Alaska announced last month.

The company said it has decided that the "most efficient and cost-effective" path to permitting the project is to incorporate results from current engineering and metallurgical test work directly into a definitive feasibility study - which the company expects to complete in the first half of next year.

The gold miner has also implemented a cost reduction program, and is assessing "financial de-risking options", it said, including possible joint venture opportunities, for the development of the Livengood property. As a result, the company has decided to postpone much of its district-wide exploration drilling program started in May, and cut a portion of its condemnation drill program.


ITH decides to bypass PFS and move to definitive feasibility study,
which it expects to complete in the first half of 2013

The mineral explorer said it will focus on completing all the necessary field work and drilling to support the feasibility study as well as the environmental work needed to keep the permitting schedule on track. It also said it believes it has enough funds to complete the revised 2012 work program.

Meanwhile, the company's board is reviewing a list of candidates for the position of CEO, after president and chief executive James Komadina resigned in the middle of May.

Over the past nine months, the company's management has been looking at all potential options for process and development of Livengood, with work focused on metallurgical testing aimed at defining the recovery process.

So far, International Tower Hill said the work has yielded "encouraging" results, and suggests the potential for a more efficient gold recovery system than the one proposed in the preliminary economic assessment (PEA) from last August.

As such, the company expects that the high level of this metallurgical work will allow it to bypass the preparation of a pre-feasibility study and move directly to the completion of a feasibility study in an effort to cut costs.

The miner said that "determining the most cost-effective extraction method is critical to the Livengood gold project's success, given its significant resource size but lower gold grade."

In February, 10,800 kilograms from roughly 3,000 samples selected from throughout the Livengood deposit were sent for the final stage of optimization testing, with results pending.

Remaining engineering work is focused on determining the secondary system that will be used to complete the gold recovery process.

The company said this has been narrowed down to either whole-ore cyanide-in-leach (CIL) or flotation-CIL, the proposed system in the August 2011 PEA. The whole-ore CIL process is being considered as it would be simpler in terms of operation.

Grinding studies have also begun, and may impact equipment selection, power demands and resulting operating costs, with initial work from testing a more extensive sample base showing potentially better grinding characteristics than those in the PEA last year, the company said.

A number of other trade-off studies and project design alternatives have been looked at over the last six months, including various grinding circuits, and heap leaching, among others.

The company said that the large mill concept has so far generated "superior" results to all alternatives.
New mine design work to re-assess cut-off grades and the grade to the mill, as well geotechnical work for surface facility sites is ongoing.

Once all work is finished, the company plans to start permitting discussions with various agencies and look at project financing work required to advance the project toward production.

International Tower Hill controls a 100 per cent interest in the Livengood gold project, 70 miles north of Fairbanks, Alaska.

The PEA last August yielded a base case net present value (NPV) of a whopping $1.2 billion, alongside a significantly expanded surface mine resource.

At a processing rate of 91,000 tonnes per day, the mine was estimated to have average annual production of 664,000 ounces of gold over the first five years, and 562,000 ounces over the 23-year life of the operation, making it potentially one of the largest single gold mines in North America.

Cash flows from the updated mine model, on a pre-tax basis, were calculated at $3.1 billion, lending to a net present value of $1.2 billion, at a 5% discount rate, and a 14.1% internal rate of return, with a payback period of 4.9 years.

The base case scenario, which also yielded a life-of-mine cash cost of $703 per ounce of gold, assumed a gold price of $1,100 per ounce.

http://www.proactiveinvestors.com/companies/news/30703/inter…
 
June 21, 2012 08:00 ET
International Tower Hill Updates District Exploration Potential for the Livengood Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - International Tower Hill Mines Ltd. (TSX:ITH)(NYSE MKT:THM)(NYSE Amex:THM)(FRANKFURT:IW9) ("ITH" or the "Company") announces an updated evaluation of the exploration potential at its 100% controlled Livengood Gold Project located near Fairbanks, Alaska. As part of a project review announced on May 15, 2012, a detailed geologic review of exploration results from 2009 to 2011 in the Livengood district was undertaken to identify the area's potential for mineral resource expansion of the existing deposit as well as for new discoveries. Through the evaluation, five key target areas were highlighted with the potential to provide substantial resource growth over time and which would be the focus of the Company's future drill programs.

The five key areas with the most significant potential to add to the mineral resources in the Livengood district are shown in Figure 1 and briefly described below:

To view Figure 1, click on the following link: http://media3.marketwire.com/docs/i620m1.pdf

Scraper Ridge Target

The presence of a combination of dikes, volcanic host rocks and a large gold in soil anomaly indicates potential for the discovery of mineral resources in the newly identified Scraper Ridge target. Similar high concentrations of mineralized dikes in favorable host rocks (volcanic rocks and sandstones) are associated with higher grade and more extensive mineralization in the Money Knob Deposit (existing resource) and the tenor of gold-anomalous soils are similar to those over the southern portion of the Money Knob Deposit. Mineralization has been confirmed in scout hole MK-10-97 which intersected 1.52 metres of 4.82 g/t gold in the most favorable host rocks (volcanics). Geologic projection indicates the thickness of the favorable volcanic rocks should increase to the west toward the main deposit, where the section averages nearly 30 metres. Gold in soil and other diagnostic geochemical pathfinders have outlined a large, coherent target area.

Money Knob Deposit Expansion Potential - In and Below Pit

Holes in the Money Knob deposit were generally terminated at 200 to 300 metres below surface not because of a lack of mineralization but due to limitations of the drilling technology used. To date, almost all of the drill holes in the Money Knob deposit have bottomed in gold mineralization and six deep holes extending below the proposed pit bottom (at the 300 metre depth) penetrated intervals with similar gold grades to the main deposit (see Figs. 1 and 2). Additional mineral resources may be defined below the current pit design by sequential drilling conducted as part of an ongoing mining operation.

To view Figure 2, click on the following link: http://media3.marketwire.com/docs/i620m2.pdf

SW Zone

Drill holes to the west and southwest of the proposed Money Knob pit intersected gold mineralization in an area now identified as the SW Zone. Previously identified mineralized intercepts in the northern portion of the SW Zone (Fig. 1) include 15.24 metres at 3.69 g/t gold (MK-RC-0279) and 22.86 metres grading 0.86 g/t (MK-RC-0281). These intercepts are relatively shallow and indicate an opportunity for the delineation of resources that might extend early mining in the proposed pit towards the west. Deep, well-mineralized intersections in the southern part of the SW zone offer the possibility of extending the present mineral resource to the southwest later in the life of the proposed project.

Gertrude Basin Target

Geotechnical drilling in the Gertrude Basin area (Fig. 1) has intersected dike-related mineralization in some of the preferred Money Knob Deposit host rocks within a large gold in soil anomaly. The best intersections of gold mineralization discovered to date include 1.68 metres grading 5.72 g/t gold (MK-11-119), 9.77 metres at 0.83 g/t gold (MK-11-123), and 9.85 metres assaying 0.65 g/t (MK-11-160).

Moose Gulch/Luck Creek

In the Money Knob Deposit, the intersections of northwest trending structural corridors, which acted as conduits for diking and related mineralizing fluids, and favorable host rocks have formed the higher grade areas of the Money Knob Deposit. Prior drilling, mapping and surface geochemical sampling has identified an area five kilometres northeast of the Money Knob Deposit in the Moose Gulch/Lucky Creek area (Fig.1) where northwest trending faults (defined by geophysics), dikes and anomalous gold in soils coincide. Exploration and geotechnical drilling in the area (Fig. 1) to date has encountered gold mineralization, mostly in and immediately adjacent to dikes, including 3.56 metres at 2.0 g/t gold in MK-11-170 and 6.07 metres grading 0.67 g/t in MK-10-73A. A potential new discovery in this largely unexplored area of the district would have strong synergies with the proposed operation to the west.

Drill results referenced in this news release have been reported in further detail in the Company's prior news releases dated November 12, 2009, November 7, 2011, and March 6, 2012.

2012 Condemnation/Exploration Program

While the Company has recently postponed its district-wide exploration drilling program, a total of 18 condemnation/exploration holes and additional geotechnical holes are still being completed in the Gertrude Basin target area. Although the primary purpose of the condemnation program is to define site facility locations, it also has the potential to outline additional resources immediately east of the currently proposed mining operation. Results from the program will be announced in the coming months.

"While exploration programs have been deferred this year so we can focus on the more important goal of completing a feasibility study that would greatly de-risk the Livengood project technically, there still exists tremendous exploration potential in the Livengood district," stated Don Ewigleben, Chairman of ITH. "The results of our exploration efforts to date strongly support future drill programs to potentially expand the mineral resource within our Money Knob Deposit and make potential new discoveries in the Livengood district. As such, we look forward to being in a position to re-start our exploration programs in the near future to realize this potential."

Qualified Person

Chris Puchner (CPG 07048), a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Puchner is not independent of ITH, as he is the Chief Geologist of the Company and holds shares and incentive stock options.
 
Von ixilon geguttenbergt


ITH

News

International Tower Hill Updates District Exploration Potential for the Livengood Gold Project, Alaska

June 21, 2012

Vancouver, B.C. – International Tower Hill Mines Ltd. (TSX: ITH, NYSE-MKT: THM, Frankfurt: IW9) (“ITH” or the “Company”) announces an updated evaluation of the exploration potential at its 100% controlled Livengood Gold Project located near Fairbanks, Alaska. As part of a project review announced on May 15, 2012, a detailed geologic review of exploration results from 2009 to 2011 in the Livengood district was undertaken to identify the area’s potential for mineral resource expansion of the existing deposit as well as for new discoveries. Through the evaluation, five key target areas were highlighted with the potential to provide substantial resource growth over time and which would be the focus of the Company’s future drill programs.

The five key areas with the most significant potential to add to the mineral resources in the Livengood district are shown in Figure 1 and briefly described below:

jun-21-12-fig1_tn.jpg

Figure 1: Map of the Livengood Project area showing the locations of new discovery and potential resource expansion target areas. Drill holes with intersections having grade-thickness products greater than 2.5 g/t metres are shown in red. The “cumulative gram metre” number is a summation of all intercepts in a given drill hole that are above a cutoff grade of 0.25 g/t gold, and is not representative of a single intercept in such hole. The cumulative gram metre number is intended to reflect the relative degree of mineralization in one hole versus another.

Scraper Ridge Target
The presence of a combination of dikes, volcanic host rocks and a large gold in soil anomaly indicates potential for the discovery of mineral resources in the newly identified Scraper Ridge target. Similar high concentrations of mineralized dikes in favorable host rocks (volcanic rocks and sandstones) are associated with higher grade and more extensive mineralization in the Money Knob Deposit (existing resource) and the tenor of gold-anomalous soils are similar to those over the southern portion of the Money Knob Deposit. Mineralization has been confirmed in scout hole MK-10-97 which intersected 1.52 metres of 4.82 g/t gold in the most favorable host rocks (volcanics). Geologic projection indicates the thickness of the favorable volcanic rocks should increase to the west toward the main deposit, where the section averages nearly 30 metres. Gold in soil and other diagnostic geochemical pathfinders have outlined a large, coherent target area.

Money Knob Deposit Expansion Potential - In and Below Pit
Holes in the Money Knob deposit were generally terminated at 200 to 300 metres below surface not because of a lack of mineralization but due to limitations of the drilling technology used. To date, almost all of the drill holes in the Money Knob deposit have bottomed in gold mineralization and six deep holes extending below the proposed pit bottom (at the 300 metre depth) penetrated intervals with similar gold grades to the main deposit (see Figs. 1 and 2). Additional mineral resources may be defined below the current pit design by sequential drilling conducted as part of an ongoing mining operation.

jun-21-12-fig2_tn.jpg

Figure 2: Cross section 428925E of the Money Knob gold deposit looking west. Note the association of the strongest mineralization with the volcanic section (pink unit) and dikes (orange).

SW Zone
Drill holes to the west and southwest of the proposed Money Knob pit intersected gold mineralization in an area now identified as the SW Zone. Previously identified mineralized intercepts in the northern portion of the SW Zone (Fig. 1) include 15.24 metres at 3.69 g/t gold (MK-RC-0279) and 22.86 metres grading 0.86 g/t (MK-RC-0281). These intercepts are relatively shallow and indicate an opportunity for the delineation of resources that might extend early mining in the proposed pit towards the west. Deep, well-mineralized intersections in the southern part of the SW zone offer the possibility of extending the present mineral resource to the southwest later in the life of the proposed project.

Gertrude Basin Target
Geotechnical drilling in the Gertrude Basin area (Fig. 1) has intersected dike-related mineralization in some of the preferred Money Knob Deposit host rocks within a large gold in soil anomaly. The best intersections of gold mineralization discovered to date include 1.68 metres grading 5.72 g/t gold (MK-11-119), 9.77 metres at 0.83 g/t gold (MK-11-123), and 9.85 metres assaying 0.65 g/t (MK-11-160).

Moose Gulch/Luck Creek
In the Money Knob Deposit, the intersections of northwest trending structural corridors, which acted as conduits for diking and related mineralizing fluids, and favorable host rocks have formed the higher grade areas of the Money Knob Deposit. Prior drilling, mapping and surface geochemical sampling has identified an area five kilometres northeast of the Money Knob Deposit in the Moose Gulch/Lucky Creek area (Fig.1) where northwest trending faults (defined by geophysics), dikes and anomalous gold in soils coincide. Exploration and geotechnical drilling in the area (Fig. 1) to date has encountered gold mineralization, mostly in and immediately adjacent to dikes, including 3.56 metres at 2.0 g/t gold in MK-11-170 and 6.07 metres grading 0.67 g/t in MK-10-73A. A potential new discovery in this largely unexplored area of the district would have strong synergies with the proposed operation to the west.

Drill results referenced in this news release have been reported in further detail in the Company’s prior news releases dated November 12, 2009, November 7, 2011, and March 6, 2012.

2012 Condemnation/Exploration Program
While the Company has recently postponed its district-wide exploration drilling program, a total of 18 condemnation/exploration holes and additional geotechnical holes are still being completed in the Gertrude Basin target area. Although the primary purpose of the condemnation program is to define site facility locations, it also has the potential to outline additional resources immediately east of the currently proposed mining operation. Results from the program will be announced in the coming months.

“While exploration programs have been deferred this year so we can focus on the more important goal of completing a feasibility study that would greatly de-risk the Livengood project technically, there still exists tremendous exploration potential in the Livengood district,” stated Don Ewigleben, Chairman of ITH. “The results of our exploration efforts to date strongly support future drill programs to potentially expand the mineral resource within our Money Knob Deposit and make potential new discoveries in the Livengood district. As such, we look forward to being in a position to re-start our exploration programs in the near future to realize this potential.”

Qualified Person
Chris Puchner (CPG 07048), a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Puchner is not independent of ITH, as he is the Chief Geologist of the Company and holds shares and incentive stock options.

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 development scenario.

On behalf of
International Tower Hill Mines Ltd.

(signed) Donald Ewigleben
Donald C. Ewigleben
Chairman of the Board

Contact Information:
Shirley Zhou, Vice-President - Corporate Communications
E-mail: szhou@ithmines.com

Direct line: 604-343-4799
Toll-Free: 1-855-208-4642 Ext. 213

http://www.ithmines.com/news/index.php?&content_id=290
 
International Tower Hill Mines Ltd. (ITH) has the following new filing(s) recently:

HADDON, TIMOTHY JOHN
SEDI Insider Relationship:
4 - Director of Issuer

Acquired 10,000 Common Shares (Direct Ownership) at a price of $3.040USD through the public market on June 22nd, 2012 (Holdings Change* of >= 100%)
 
June 29, 2012 - 08:00:00 AM

International Tower Hill Mines Announces Interim Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2012) - International
Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH)(NYSE MKT:THM)(NYSE
Amex:THM)(FRANKFURT:IW9) announces that Jeffrey A. Pontius will assume the
role of interim Chief Executive Officer for the Company until a new candidate
is selected by the Board of Directors. To date, a number of highly qualified
candidates have been shortlisted and the Board expects to announce a new CEO
within the next two months.

Mr. Pontius is a current director and was the founder and former CEO of the
Company from August 2006 to May 2011, a five-year period of major shareholder
value creation. As the interim CEO, Mr. Pontius will direct the Company
through the final stages of optimization at the Livengood project and oversee
corporate development activities with input from members of the Board of
Directors.
 
neues Factsheet vom 02.07.2012:
http://www.ithmines.com/_resources/presentations/ITH_Fact_Sheet_July_2_2012.pdf


neue Unternehmenspräsentation vom 02.07.2012:
http://www.ithmines.com/_resources/presentations/ITH_Presentation_July_2_2012_Web.pdf



.
 
Aktuelles Video vom Interim CEO - Jeff Pontius

Situation, Planungen, Ausblick....

>>> http://www.youtube.com/watch?v=Ffvi5yRw-B0
 
Kurze Lageeinschätzung zu Intern. Tower Hill

ITH ist in der Developer-Phase die meist längere Phasen ohne nachhaltigen Newsflow mit sich bringt. Turbulenzen am Markt machen sich dann auch spürbar am Kurs bemerkbar.
Derzeit analysiert man über 600 Proben um die Metallurgie auf "Final Feasibility" Stand zu heben und klar aussagekräftige Daten zu erhalten. Um Kosten zu sparen und den bereits nachhaltigen Proben, Auswertungen und Analysen Rechnung zu tragen "überspringt" man die Pre Fea Study und möchte Mitte 2013 bereits die allg. Feasibility Study abschließen.

Weitere große Bohrprogramme sind nicht geplant wobei die geophysical studies sehr aussichtsreiche Zonen hervorgebracht haben. Man eruiert aktuell ob man weitere Teilabschnitte neben den Arbeiten an der Feasibility Study aufnimmt.

18 holes sind dennoch "pending"!! Die Bohrungen beinhalten condemnation holes einige exploration holes und geotechnical holes. Grundgedanke war bei deisem Bohrprogramm die Stellen zu erkunden die aufgrund ihrer Beschaffenheit, low grades und Erdbeschichtung zum Bau der Mine dienen sollen.

Einige dieser Löscher haben aber auch Explorationcharakter und können die Resource definieren und/oder erweitern.

Konkrete Kursziele für den kurzfristigen Zeitraum sind schwer auszumachen. Der ganze Sektor ist verunsichert und die politischen Börsen an den Gesamtmärkten sorgen für Volatilität und extreme Kursverwerfungen.

Wichtig ist, dass bei ITH Ruhe reinkommt. Der Rücktritt vom Komandina kam zu einer ungünstigen Phase als jede noch so kleine Unsicherheits-News manchen Unternehmen 30 - 50 % gekostet hat.
Nun hat Jeff Pontius das Ruder wieder übernommen, wir sehen vereinzelte Insiderkäufe., das Unternehmen geht geschickt mit seinem Cash bestand (akt. ca. 40 Millionen) um und diese Marschroute sollte sich auszahlen. Im Hinblick auf das Jahresende sollte sich der Kurs zumindest erholen können und mit dem Näherkommen der Feasibility Study, die bei Erfolg auch andere Bewertungsgrundlagen für den Kurs nach sich zieht sollten wir bei ITH wieder in den Aufwärtstrend eingestiegen sein.

Nur zur Erinnerung:

Das derzeitige Landpaket mit den nach neuesten geophysical studies gefundenen Explorationszielen umfasst 145 qkm!! Die bisherige Resource von 20 Millionen Unzen in den jeweiligen Kategorien kumuliert zusammengefasst entstammt aus einem Erzkörper der 2,5 qkm umfasst.....


[url=http://peketec.de/trading/viewtopic.php?p=1269805#1269805 schrieb:
CCG-Redaktion schrieb am 05.07.2012, 12:38 Uhr[/url]"]Aktuelles Video vom Interim CEO - Jeff Pontius

Situation, Planungen, Ausblick....

>>> http://www.youtube.com/watch?v=Ffvi5yRw-B0
Zum Vergrößern anklicken....
 
July 12, 2012 08:00 ET
International Tower Hill Announces Up To $25,000,000 Non-Brokered Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - International Tower Hill Mines Ltd. (TSX:ITH)(NYSE MKT:THM)(NYSE Amex:THM)(FRANKFURT:IW9) ("ITH" or the "Company") announces that it is has arranged a non-brokered private placement financing (the "Offering") of common shares to raise gross proceeds of up to CAD 25 million.

The Offering will occur in two stages. The first stage will consist of up to 7,692,307 common shares of the Company at a price of CAD 2.60 per common share for gross proceeds of up to CAD 20 million. This portion of the financing is anticipated to close on or before August 3, 2012.

The second stage of the Offering will consist of that number of common shares that, when valued at a price equal to a 10% discount from the five day volume weighted average price for the common shares as at September 10, 2012, will equal up to CAD 5 million (3,000,000 shares maximum). While this portion of the placement will be priced 60 days from the announcement of the Offering, the single placee in the second stage is purchasing CAD 5 million of the first stage of the Offering and has committed to close the second stage portion of the Offering. Closing of the second stage is anticipated on or before September 21, 2012.

It is anticipated that certain insiders of the Company will participate in the Offering. The Company has determined that there are exemptions available from the various requirements of Multilateral Instrument 61-101 for the issuance of any common shares issued to insiders. No new insiders or control persons will be created as a result of the Offering. The Company will pay a 4% cash finder's fee in connection with a portion of the Offering.

All common shares issued in the Offering will be subject to a hold period in Canada of four months from the closing of the first or second stage of the Offering, as applicable. All common shares issued in the United States will be subject to resale restrictions under U.S. federal and state securities laws. Completion of the Offering is subject to the Company obtaining all necessary regulatory approvals, including acceptance for filing by the Toronto Stock Exchange and the approval of the NYSE-MKT.

The Company intends to use the net proceeds of the private placement for the completion of its bankable Feasibility Study at the Livengood Gold project in Alaska and for general working capital purposes.

The common shares to be issued in the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common shares to be issued in the Offering, nor shall there be any offer or sale of the common shares to be issued in the Offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
http://www.proactiveinvestors.com/companies/news/32214/international-t
 
August 03, 2012 09:30 ET
International Tower Hill To Close CAD $24.6 Million First Tranche of its Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2012) - International Tower Hill Mines Ltd. (TSX:ITH)(NYSE MKT:THM)(NYSE Amex:THM)(FRANKFURT:IW9) ("ITH" or the "Company") is pleased to announce that it will close the first tranche of its previously announced up to CAD 29.6 million non-brokered private placement financing (the "Offering") today.

The first tranche of the Offering consists of 9,458,308 common shares of the Company at a price of CAD 2.60 per common share for gross proceeds of CAD 24.6 million. The participants in the first tranche of the Offering include Paulson & Co., Tocqueville Asset Management, LP, AngloGold Ashanti (USA) Exploration Inc., ITH management and insiders as well as other institutional funds.

The second stage of the Offering will involve the issuance of up to CAD 5 million of common shares, at a price per share equal to a 10% discount from the five day volume weighted average price for the common shares as at September 10, 2012, subject to a maximum issuance of 3,000,000 shares. The single placee in the second stage is purchasing CAD 5 million of common shares in the first stage of the Offering and has committed to close the second stage portion of the Offering. Closing of the second stage is anticipated on or before September 21, 2012. The Company will pay a 4% cash finder's fee in connection with the issuance of up to CAD 10 million of shares to this investor.

All common shares issued in the Offering will be subject to a hold period in Canada of four months from the closing of the first or second stage of the Offering, as applicable. All common shares issued in the United States will be subject to resale restrictions under U.S. federal and state securities laws. Completion of the second stage of the Offering is subject to the Company obtaining all necessary regulatory approvals, including acceptance for filing by the Toronto Stock Exchange.

The Company intends to use the net proceeds of the private placement for the completion of its bankable Feasibility Study and continued project advancement at the Livengood Gold project in Alaska as well as for general working capital purposes.

The common shares issued and to be issued in the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common shares to be issued in the Offering, nor shall there be any offer or sale of the common shares to be issued in the Offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
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