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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Valuepro10/29/2008 7:43:00 PM
   of 78419
 
ITH announces 4 million ounces gold, indicated and inferred, at Livengood project, Alaska. Average grade increases, while the deposit remains open in all directions, including at depth.

"This new data confirms the Company's belief that the Livengood Deposit has an excellent possibility to become one of North America's largest new gold discoveries." ...

"These highly encouraging results have resulted in a decision by the Company to implement a major winter drilling project, now planned to commence in February 2009, which will test immediate high-grade Core Zone expansion targets directly to the east of the main body mineralization (for example, one hole along southern margin of thew inter target area - MK-RC-0050 - returned 79.3 metres @ 1.16 g/t gold)."

Livengood is on the same highway that services the nearby Ft. Knox deposit. You can bet the Kinross is taking a serious look here.

ITH has lots of cash in the bank too.

biz.yahoo.com
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