POLYMETALLIC – Constantine Metal Resources Ltd. Jan. 20 released an initial NI 43-101-compliant resource estimate for its Palmer volcanogenic massive sulfide project located near Haines in Southeast Alaska. The resource estimate, prepared by Gary Giroux of Giroux Consultants Limited, is based on drill holes completed up to the end of 2009. Using an NSR cut off of US$50 per metric ton, the RW and South Wall zones contain an inferred resource of 4.75 million metric tons grading 1.84 percent copper, 4.57 percent zinc, 0.28 grams per metric ton gold, and 29.1 g/t silver. Constantine President and CEO Garfield MacVeigh said, “We are extremely pleased with the tenor of the deposit as defined by this first resource estimate, which compares well against other North American VMS exploration and mining projects. Palmer represents an early stage discovery where Constantine has been able to rapidly define a significant resource with relatively few drill holes. With almost C$4 million cash in the bank and no debt, the company is now well positioned to add further value to the project, with drilling planned to commence in late spring. The deposit is open in most directions, with considerable potential for expansion.”

GOLD - International Tower Hill Mines Ltd. Jan. 19 released metallurgical test results from the Sunshine Zone of its Livengood gold project in Alaska. The average recovery from this large zone of outcropping mineralization in simple cyanide bottle roll tests was 80 percent. In addition, 72 percent of the gold on average will report to a simple gravity concentrate with carbon-in-leach on the gravity tails, recovering an additional 15 percent of the gold. The exceptionally high gravity gold recovery in the Sunshine zone increased the overall gravity recovery in the deposit to about 60 percent. The company is expecting additional gravity – CIL and column leach data, as well as its first flotation results, next month – all of which will be used in its Stage II (mill and heap leach) Preliminary Economic Assessment study scheduled for completion early in the second quarter of 2010. International Tower Hill has selected SRK Consulting to complete its Stage II PEA, which will incorporate both milling and heap leaching. The study will focus on optimizing the economic performance of the expanding Money Knob deposit through improved recovery provided by milling higher grade sections of the deposit. The company will be updating its October 2009 resource base in February with an additional 70 drill holes completed late in 2009.