International Tower Hill Mines Ltd.
OTC Bulletin Board : ITHMF

International Tower Hill Mines Ltd.

January 26, 2007 09:30 ET

ITH Continues to Expand LMS Deposit, Alaska

170 metre step out yields 5.7 metres @ 2.7 g/t gold, significantly expanding Camp Zone Mineralization

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2007) - International Tower Hill Mines Ltd. ("ITH" or "the Company") (TSX VENTURE:ITH)(OTCBB:ITHMF)(FWB:IW9) is pleased to announce the results of its 2006 drill program at the LMS Project near Delta Junction, Alaska. Significant intercepts include 5.7 metres @ 2.7 g/t gold and 16 g/t gold in hole LM-06-36, which was a 170 metre step out from earlier drilling. In addition, high-grade zones were expanded with intercepts of 1.7 metres @ 12.0 g/t gold and 59.0 g/t silver and 0.3 metres @ 69 g/t gold and 18.9 g/t silver.

Project Background

The LMS project is located in Alaska, 40 kilometres south of the Pogo Gold Mine and within 14 kilometres of the Richardson Highway. ITH is earning a 60% interest in the LMS project from AngloGold Ashanti (USA) Exploration Inc. (see press releases of September 5 and August 4, 2006 for details).


A total of 2750 metres of core was drilled in 8 holes. The current drilling continues to expand the previously defined Camp Zone mineralization (see press release of September 5, 2006), testing its lateral extents and establishing structural controls on the high-grade veins. Soil geochemical sampling has continued to define new targets along the overall mineral belt.

The holes drilled in the Camp Zone demonstrate that breccia-hosted mineralization extends to the northwest producing significant thicknesses of multi-gram material (see Table below). In addition, the high grade intercept in hole LM-06-25 (0.3 metres at 68 g/t gold) is interpreted to have intercepted the extension of the high-grade zone intersected in hole LM-06-29 (1,540 g/t gold over 0.8 metres) approximately 100 metres to the northwest.

Continuity of mineralization has been established over an area of 250 x 450 metres and remains open to the northwest and at depth. An analysis of the vein orientations indicates that mineralization is preferentially developed on the north dipping limb of a broad fold and that the mineralization should plunge to the northwest.

Based on the vein style, gold mineralization is interpreted to represent leakage from depth through a broad structural zone and there is therefore the potential for repeated zones laterally.

To view Figure 1: LMS Project: Camp Zone Drilling, please click the following link:

Significant Drill Intercepts from Late Summer 2006 Drilling Program
(intercepts calculated with 0.5g/t gold cut off)
From To Width Grade
Hole No. (m) (m) (m) (g/t Au) Ag_ppm Host
LM-06-25 116.59 116.89 0.30 68.00 18.85 breccia-graph qtz py
LM-06-31 240.03 241.74 1.71 12.04 58.98 breccia-graph qtz py
253.75 256.49 2.74 3.40 2.67 schist-graphite qtz
265.63 270.78 5.15 4.18 1.56 gneiss-bio mus
316.96 317.51 0.55 10.70 3.63 gneiss-bio
334.21 337.26 3.05 2.74 2.48 gneiss-bio
LM-06-35 252.59 257.56 4.97 1.61 16.79 breccia-graph qtz py
LM-06-36 312.30 325.37 13.07 1.80 11.16 breccia-graph qtz py
including 319.67 325.37 5.70 2.70 16.00 breccia-graph qtz py

To view Figure 2: Section through Camp Zone, please click the following link:

Implications and 2007 Exploration Program

The Camp Zone is just one of several geochemical anomalies in the 59 square kilometre LMS claim block, several of which have similar geochemical signatures to the Camp Zone and have not yet been drill tested. The 2006 drilling program has successfully expanded the size of the Camp Zone, as well as provided an insight into the key ore controls on gold mineralization which will be invaluable in evaluating other parts of the district.

The proposed 2007 exploration program will focus on the continued delineation of the northwest extension of the Camp Zone, as well as the continued identification and testing of other geochemical anomalies in the belt. The Company anticipates that this program, which will include soil sampling and track auger and core drilling, will commence in June, 2007 and will cost approximately USD 750,000

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of ITH.

The work program at LMS was designed and is supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the Company's exploration programs), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core, which is then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska, which controls a number of exploration projects representing a spectrum of early stage to advanced gold discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.


Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contact Information