Tower Reports Exceptional Exploration Success on Its October Drilling Program at Rabbit North, Discovers the Faulted Western Half of the Lightning Zone and a New, More Strongly Mineralized Gold Zone, "Blue Sky", 300 m to the North
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that its 4-hole October drilling program on the Rabbit North property in the heart of the Kamloops mining district (see Fig. 1) appears to have been the most successful to date, intersecting shear hosted, Lightning-type mineralization in every hole and discovering not only the faulted western half of the Lightning Zone but also a completely new and...
2024-10-31 7:30 AM EDT
Tower Resources Commences Fall Drill Program
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") has successfully embarked on a follow-up drilling program at the Rabbit North property, building on the results from hole RN24-051(reported on 09/26/2024) from the June Drilling program. Hole RN24-051 was drilled roughly halfway along the previously untested 450m gap in between the Lightning and Thunder Gold zones to test the continuity of gold mineralization. The successful intercept was the highest average gold...
2024-10-11 7:30 AM EDT
Tower Receives Partial Assays for Rabbit North Drill Holes 50 to 54; Connects Lightning and Thunder Zones with High-Grade, 6.06 g/t Au Intersection over 4.27 m in Untested 450 m Gap between Zones
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has received assays for two-thirds of the core samples from its initial 2024 drilling program on the Rabbit North property in the heart of the Kamloops mining district (see Fig. 1), and is readying a follow-up drilling program based on the positive Au results obtained.Assayed Drill HolesThe initial drilling campaign comprised five shallow (-50°) drill holes,...
2024-09-26 9:30 AM EDT
Tower Completes First Phase of 2024 Drilling Program at Rabbit North, Prepares for Larger Follow-Up Drilling Campaign in September
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has completed the first phase of its planned 2024 drilling program on the Rabbit North property in the heart of the Kamloops mining district (see Fig. 1) and is planning a larger Phase II follow-up campaign for mid-September.Phase I Drill Program The Phase I campaign comprised 1015 m in five drill holes, Nos. RN24-050 to 054.Holes 050...
2024-08-26 7:30 AM EDT
Tower Announces Closing of $408,000 Non-Brokered Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it has closed a flow-through non-brokered private placement for aggregate gross proceeds of $408,000 (the "Offering"). Under the Offering, the Company issued 3,400,000 flow-through units (each a "FT Unit") at a price of CDN$0.12 per FT Unit. Each FT Unit is comprised of one (1) common share in the capital of the Company that qualifies as a "flow-through share" for the...
2024-07-03 5:00 PM EDT
Tower Announces $408,000 Non-Brokered Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a flow-through non-brokered private placement for aggregate gross proceeds of $408,000 (the "Offering"). Under the Offering, the Company will issue up to 3,400,000 flow-through units (each a "FT Unit") at a price of CDN$0.12 per FT Unit for gross proceeds of up to $408,000. Each FT Unit is comprised of one (1) common share in the...
2024-06-27 8:30 AM EDT
Tower Initiates 2024 Drill Plan
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce the commencement of the 2024 drilling season at its Rabbit North property. The property is located in the Kamloops mining district and positioned between New Gold's New Afton underground copper-gold mine and Teck's Highland Valley open-pit copper-molybdenum mine. The first phase of drilling will target prime gold and porphyry copper-gold zones within the Lightning, Thunder, and Rainbow zones.Joe...
2024-06-12 8:30 AM EDT
Tower Prepares to Resume Drilling at Rabbit North, Focuses on Prime Au and Porphyry Cu-Au Targets
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has selected five prime targets for the initial phase of the 2024 drilling campaign on its Rabbit North property in the heart of the Kamloops mining district (see Fig. 1). Target Areas The first four targets are gold-rich sections of the three long, mineralized shear zones recognized from Tower's earlier drill programs (see Fig. 2). The...
2024-05-23 8:30 AM EDT
Tower Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it has closed its non-brokered private placement, for aggregate gross proceeds of $300,000 (the "Offering"). Under the Offering, the Company issued 3,000,000 units (each a "Unit") at a price of $0.10 per Unit for gross proceeds of $300,000. Each Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") and one (1) non-transferable Common...
2024-05-17 4:05 PM EDT
Tower Announces Closing of Flow-Through Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it has closed the flow-through portion of its non-brokered private placement for aggregate gross proceeds of $200,000 by issuing 1,538,462 flow-through units (each a "FT Unit") at a price of $0.13 per FT Unit (the "Offering"). Each FT Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") that qualifies as a "flow-through...
2024-05-06 5:00 PM EDT
Tower Adopts Structural Model Connecting the Widespread Orogenic Gold Mineralization Intersected at Rabbit North and Prepares to Drill Systematically through 2024
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has recognized a key structural link between the widely spaced Lightning, Thunder and other orogenic Au zones intersected on its Rabbit North property in the heart of the Kamloops mining district (see Fig. 1), enabling the Company to develop a systematic drilling program for the property through 2024.Orogenic Gold Model Tower's first discovery of gold mineralization of the...
2024-04-25 8:30 AM EDT
Tower Announces $500,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a non-brokered private placement, comprised of a flow-through offering (the "FT Offering") and a non-flow through offering (the "Unit Offering"), for aggregate gross proceeds of $500,000 (the "Offering").Under the Unit Offering, the Company will issue up to 3,000,000 units (each a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $300,000. Each...
2024-04-24 8:30 AM EDT
Tower Resources Renews 5-Year Permit and Unveils Future Drill Plan at Rabbit North
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that its exploration permit for its 100% owned Rabbit North and West Afton property, spanning 17,526 hectares, has been renewed for 5-years. Situated strategically 14 km southwest of the New Afton copper and gold mine (New Gold Inc.) and 27 km northeast of the Highland Valley copper mine (Teck Resources Ltd.), the Rabbit North project offers exceptional exploration...
2024-03-04 8:30 AM EST
Tower Determines from Holes 048 and 049 that the Rainbow Cu-Au-Mo Zone Extends Westward at a Depth and Grade Similar to Discovery Hole 042 but in the Small Drill Area Is Cut by a Narrow Paleo-Canyon
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report the results of the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo zone (two holes) and younger, shear-hosted Thunder Au zone (two holes) on its Rabbit North property in the heart of the Kamloops mining district (see Fig. 1).Holes 047 and 048, Rainbow Cu-Au-Mo ZoneThe February 2023 Rainbow Zone discovery holes, Nos. 041 and...
2024-01-18 8:30 AM EST
Tower Resources' Gold Grain Sampling on the More Creek Property in B.C.'s Prolific Golden Triangle Locates a New Gold Source Straddling the Key Red Line Rift Structure
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it's September gold grain sampling up Arrow Creek on the Company's More Creek property in British Columbia's prolific Golden Triangle (see Fig. 1) has pinned down the source of a historical gold anomaly straddling the Red Line rift structure with which the world-class epithermal Au and porphyry Cu-Au deposits of the Triangle are closely associated.Historical Gold Grain...
2023-12-11 8:45 AM EST
Tower Completes Follow-Up Drilling Program at Rabbit North Focused on Confirming the Indicated Rapid Westward Thickening and Lateral Continuity of the Rainbow Porphyry Cu-Au-Mo Discovery
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has completed the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo and younger, shear-hosted Thunder Au zones on its Rabbit North property in the heart of the Kamloops mining district (see Fig. 1).Drilling Summary and ObjectivesFour holes, Nos. RN23-046 to 049 totaling 1052.2 m, were drilled (see Table 1). Holes 046 and...
2023-11-14 8:30 AM EST
Tower Announces Issuance of Equity Incentives
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") has approved, subject to acceptance by the TSX Venture Exchange, the grant of 2,600,000 incentive stock options (the "Options") to acquire common shares in the capital of the Company (each a "Common Share"). 1,800,000 of the Options were granted to officers and directors and the remainder to employees and consultants of the Company. The Options are non-transferable and exercisable until October 19,...
2023-10-19 6:00 PM EDT
Tower Begins Drilling at Rabbit North to Refine and Expand the Promising Thunder Au and Rainbow Porphyry Cu-Au-Mo Discoveries
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report mobilization of a diamond core rig to its Rabbit North property in the heart of the Kamloops mining district (Fig. 1) to drill the first follow-up holes on the Company's newly discovered Thunder orogenic Au zone and adjacent Rainbow porphyry Cu-Au-Mo zone.BackgroundTower's initial, 4-hole drill test in March 2023 of a raw, previously unexplored area 400 m west of...
2023-10-05 8:30 AM EDT
Tower Provides Exploration Update on its B.C. Properties; Prepares to Drill New Thunder Au and Rainbow Cu-Au-Mo Discoveries at Rabbit North and Initiates Follow-Up Sampling at More Creek on a Gold Grain Anomaly Straddling the Key "Red Line" Controlling Structure of the Golden Triangle
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report on recent exploration developments at its British Columbia properties (see Fig. 1), the Company's plans to resume drilling on the new Thunder Au and Rainbow Cu-Au-Mo discoveries at Rabbit North and initiation of follow-up gold grain sampling at More Creek on the Golden Triangle "Red Line".Rabbit North Tower recently received a permit to continue exploration, including diamond...
2023-09-21 8:30 AM EDT
Tower Announces Closing of Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it has completed a non-brokered flow-through private placement announced June 29, 2023, for aggregate gross proceeds of CAD$450,000 (the "Offering"). Under the Offering, the Company issued 2,812,500 flow-through units (each, a "FT Unit") at a price of CAD$0.16 per FT Unit. Each FT Unit comprised of one (1) common share in the capital of the Company that qualifies as a "flow-through...
2023-07-06 5:00 PM EDT