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TRİ-VALLEY AO Message Board

  • rickpb1979 rickpb1979 Jun 29, 2011 10:36 PM Flag

    Tower Hill Update at Livengood (Fairbanks, Alaska)

    This is an update from Tower Hill regarding their exploration and other information regarding their Livengood project in Fairbanks, Alaska (just north of TIV's Shorty Creek Claims).

    Here is an excerpt from the press release that I found very interesting.

    "District-wide Exploration Program

    A district-wide exploration program commenced at the beginning of June, 2011 targeting potential new gold discoveries along the Livengood mineralized trend both to the east-northeast and to the west of the existing Livengood gold deposit. Results from the drilling program and the geophysical survey are expected throughout the summer and fall of 2011."

    This may not be anything but it also could be something.

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    • this sounds pretty good:

      Drilling at the project continues to expand the deposit, with the current estimated resource only representing a snapshot in time. The latest resource estimate (as at April 11, 2011) of 277 Mt at an average grade of 0.83 g/t gold for 7.4 Moz gold in the Measured category, 120 Mt at an average grade of 0.83 g/t gold for 3.2 Moz gold in the Indicated category, and 104 Mt at an average grade of 0.79 g/t for 2.7 Moz in the Inferred category, all at a 0.5 g/t gold cut off grade, makes Livengood one of the largest new gold discoveries in North America.

    • Sounds great but tiv's shorty creek is 5 miles away.