Steve Aaker Joins International Tower Hill Board

International Tower Hills Mines Ltd. has welcomed Steve K. Aaker to its board. The news release contains Aaker's career biography, and also notes that an additional 885,000 incentive stock options have been granted pursuant to its 2006 Incentive Stock Option plan. The options have a life of five years and strike price of $2.66.

International Tower closed yesterday at that same $2.66. Current bid-ask is $2.66 and $2.75, respectively.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

International Tower Hill Drills 100 Metres Of 1.11 g/t Gold

International Tower Hill Mines Inc. got results from the two holes it drilled earlier this year on its Livengold Project. Hole MK-RC-0112 intersected 100 metres of 1.11 g/t gold and 17 metres of 0.97 g/t. The second hole, MK-RC-0111, intersected 68 metres of 0.59 g/t gold. A recently-completed bought deal will allow International Tower to double its 2009 drilling program for the property. The news release also has details on the project itself, including the most current resource estimate. (3.41 million ounces indicated, 3.39 million inferred, using a cutoff grade of 0.5 grams per ton.)

Like many other gold stocks, International Tower is down today. Before the news was disseminated, the stock was at about $2.50; dissemination gave it a bump-up to almost $2.60. After briefly re-slumping down to $2.51 at 2:48 PM ET, International got back up to $2.56 as of 3 PM ET.

Its Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.