Tower Resources Extends Discovery Zone to Depth at Nechako and Intersects 4.0 g/t Au and 34.1 g/t Ag Across New Massive Sulphide Horizon
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2020) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to report assay results from the Company's recent 7-hole, 1244-metre diamond drilling program on its Nechako Gold property in south-central British Columbia (Fig. 1). The first four holes, APR20-11 to 14, further tested the April Trend siltstone-mudstone horizon (Fig. 2) that hosts this year's Discovery Zone (7.1 m of 2.75 g/t Au, 40.2 g/t...
2020-12-21 8:00 AM EST
Tower Resources Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that Mr. James Clark has resigned as a director of the Company. Mr. Clark's resignation is a result of his recent acceptance of a position under which he is not permitted to serve as a director of publicly traded companies. Mr. Joe Dhami, President and CEO of Tower, stated: "We wish to take this opportunity to express our very sincere gratitude to Mr. Clark...
2020-11-13 9:07 PM EST
Tower Resources Completes RC and Diamond Drilling Programs to Expand the Discovery Zone at Nechako and Test New Gold-Silver Targets
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has completed the previously announced reverse circulation ("RC") and diamond drilling programs (see Tower's September 16, 2020, press release) on the Company's Nechako, BC gold-silver property (see Figure 1). The 15-hole RC and 7-hole diamond drilling programs were run consecutively with no break. Partial results have been received for...
2020-10-22 8:30 AM EDT
Tower Resources Commences Double-Barreled Drill Program on Nechako Gold-Silver Property
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2020) - Tower Resources Ltd. (TSXV: TWR) (OTC Pink: TWRFF) ("Tower" or the "Company") is pleased to announce that it has commenced reverse circulation ("RC") drilling on its 100% owned Nechako gold/silver (Au-Ag) property in central British Columbia, Canada. The RC method will be used on approximately 15 vertical holes to rapidly map out, beneath the thick till cover, the mineralized April Trend along strike from the significant...
2020-09-16 10:44 AM EDT
Tower Resources Announces Optioning of Golden Triangle and Toodoggone Properties
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2020) - Tower Resources Ltd. (TSXV: TWR) (OTC Pink: TWRFF) ("Tower" or the "Company") is pleased to announce that geophysical field work on the Company's Nechako property in central B.C. has been completed and a diamond drilling contract has been awarded for the upcoming 2000-metre program focused on expanding the recently announced Discovery Zone along the April Trend. The Company is currently awaiting IP interpretations to finalize...
2020-08-26 8:30 AM EDT
Tower Resources Progresses Mag-IP Survey at Nechako; Preliminary Results Indicate Strong Magnetic Activity over Discovery Zone and Breccia Dome
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2020) - Tower Resources Ltd. (TSXV: TWR) (OTC Pink: TWRFF) ("Tower" or the "Company") is pleased to report partial results from its ground magnetic-induced polarization (Mag-IP) survey along the April Trend on the Company's Nechako, BC gold-silver property (Fig. 1). Till gold grain and heavy mineral concentrate (HMC) Au and Ag analyses are also reported for the 15 reverse circulation (RC) holes that were drilled in February. Mag Survey...
2020-08-13 8:30 AM EDT
Tower Resources Announces Grid Cutting at Nechako Property
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that grid cutting has started on the Company's Nechako Au-Ag property, commencing a comprehensive summer exploration program designed to further test the Discovery Zone and other targets along the April Trend. The exploration program is tiered to maximise the scientific data available for drill planning but is also flexible to allow scaling up the...
2020-07-22 8:30 AM EDT
Tower Closes Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that the non-brokered private placement announced on May 25, 2020 (the "Offering") has now closed. Under the Offering, the Company issued 8,367,732 units (each a "Unit") at a price of $0.06 per Unit for gross proceeds of $502,064. Each Unit was comprised of (1) common share in the capital of the Company (each a "Common Share") and one (1)...
2020-06-25 8:00 AM EDT
Tower Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that it intends to complete a non-brokered private placement (the "Offering") of up to 8,333,333 units (each a "Unit") at $0.06 per Unit for gross proceeds of up to $500,000. The Company intends to use the net proceeds from the Offering to explore the mineralized zones from its recent reverse circulation and diamond drill program on its Nechako property, see the...
2020-05-25 8:30 AM EDT
Tower Resources Intersects 7.1 m of 2.75 g/t Au and 40.2 g/t Ag Above Major Alteration Pipe at Nechako
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report partial results from its recent Reverse Circulation (RC) and Diamond Drilling (DD) program on the April Trend on the Company's Nechako, BC property (Fig. 1), including a 7.1 m core intercept grading 2.75 g/t Au, 40.2 g/t (1.2 oz/ton) Ag, 0.30% Zn and 0.28% Pb in Hole APR20-10, the last hole of the short, 4-hole, 393.1 m DD program. The April Trend is...
2020-05-06 8:30 AM EDT
Tower Resources Receives Approval to Amend Term of Warrants
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that the TSX Venture Exchange (the "Exchange") has consented to an extension on the term of 6,250,000 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on May 8, 2019. The Warrants have an exercise price of $0.10 per common share and were set to expire on May 8, 2020. The Company has...
2020-04-21 7:56 PM EDT
Tower Resources Applies for Amendment to Terms of Warrants
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 6,250,000 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on May 8, 2019. The Warrants that are the subject of the application have an exercise price of $0.10 per common share and are set to...
2020-04-17 5:00 PM EDT
Tower Resources' Drilling Verifies Eskay Creek Deposit Model for the Au-Ag-As-Zn-Pb Mineralization on the April Trend at Nechako
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2020) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that detailed logging of the core from diamond drill hole No. 06 on the Company's Nechako property has confirmed that this hole intersected mineralized volcanogenic horizons of the same type that host the uniquely high-grade Au-Ag mineralization at the Eskay Creek deposit. Joe Dhami, President and CEO, commented: "Confirmation of the Eskay Creek...
2020-02-13 8:59 AM EST
Tower Resources Intersects Significant Au-Ag-Zn-Pb Mineralization at Nechako
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2019) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") Tower Resources is pleased to report that the first phase of the planned two-phase diamond drilling (DD) program targeting the April Trend on the Company's Nechako property successfully intersected significant Au-Ag-Zn-Pb mineralization at the head of the large, 3 km long x 1.
2019-09-20 8:00 AM EDT
Tower Resources Announces Mobilisation of Diamond Drill Program and Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that a contracted drill and crew has been mobilised from Smithers, B.C. to Tower's Nechako Gold property to begin the first phase of a diamond drilling program. The initial target will be the North Western part of the mineralized April Trend which was first recognized in the Phase II RC drilling program and is inferred to be the bedrock source of...
2019-07-29 8:00 AM EDT
Tower Resources to Drill on the Nechako Property
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2019) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") Tower Resources is pleased to report that the recently announced (see April 29, 2019 press release) Phase III reverse circulation (RC) drilling program on the Company's Nechako property south of Vanderhoof, BC was completed successfully and achieved its objective of narrowing the location of the mineralized April Trend in preparation for an initial diamond...
2019-06-18 8:00 AM EDT
Tower Closes Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2019) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to announce that the non-brokered private placement previously announced on April 5, 2019 (the "Private Placement") has now closed. Under the Private Placement, the Company issued 12,500,000 units (each a "Unit") at a price of $0.04 per Unit for gross proceeds of $500,000. Each Unit was comprised of one (1) common share in the capital of the...
2019-05-08 3:32 PM EDT
Tower Resources Announces Commencement of Exploration Program on Nechako Property
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") Tower Resources is pleased to announce the commencement of their 2019 exploration program on the Nechako property, starting with infill reverse circulation (RC) drilling at the head of the Nechako dispersal train. The Nechako Au-Ag-Zn-Pb-As dispersal train is similar in size and strength to known trains from some of Canada's largest gold deposits...
2019-04-29 8:00 AM EDT
Tower Announces Appointment of President and CEO and Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2019) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to announce, subject to the approval of the TSX Venture Exchange (the "Exchange"), that Mr. Joe Dhami has been appointed President and Chief Executive Officer and a member of the Board of Directors of the Company. Mr. Dhami has over 20 years of experience in the capital markets working with portfolio managers, retail brokers and high net worth...
2019-04-05 8:30 AM EDT
Tower Corners Bedrock Source of Nechako Gold Grain Dispersal Train
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2019) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to report that it has located the bedrock source area of the large gold grain anomaly that the Company identified two years ago (see June 18, 2017 press release) on its wholly owned Nechako property (Fig. 1) in south-central British Columbia, Canada, a 1.5-hour drive from Vanderhoof via the all-weather Kluskus-Ootsa road. The Nechako...
2019-02-14 8:00 AM EST