Tower Prepares to Resume Drilling on Lightning Zone, Identifies Strong New Gold Grain Dispersal Train on Parallel Structure to the West
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it is preparing to resume diamond drilling on the newly discovered Lightning Zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1), and that it has identified a strong new gold grain dispersal train along a...
2022-08-09 8:30 AM EDT
Tower's Latest Drilling Indicates Lightning Zone Has Two Branches, Doubling Its Strike Length; Hole 031 Intersects 22.0 m of 2.09 g/t in Main Branch, Holes 030 and 033 Hit 26.5 m of 1.76 g/t Au and 1.0 m of High-Grade, 69.3 g/t (2.01 oz/ton) Au in Splay Shear
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has received gold assays for the final four of the six follow-up holes drilled in April on the recently discovered Lightning Zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1). The April drilling program...
2022-07-13 8:00 AM EDT
Tower's First Two Follow-Up Drill Holes on Lightning Zone Return Long Intervals Surpassing Gold Grade of Discovery Hole: Hole 028 Cuts 138.0 m @ 1.55 g/t Au including 24.5 m @ 4.76 g/t Au, Hole 029 Cuts 70.5 m @ 1.78 g/t Au including 13.5 m @ 4.92 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has received gold assays for the first two of the six follow-up holes drilled in April on the recently discovered Lightning Zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1). The two new holes, RN22-028...
2022-06-22 8:00 AM EDT
Tower Receives Infill Assays for 2021 Exploration Drill Holes at Rabbit North Revealing New Footwall Au Zones in Hole 027; Key Assays Pending for 2022 Delineation Drill Holes on Lightning Zone
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has received the assays for the previously uncut core sections from the first four diamond drill holes on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1). The four holes, RN21-024 to 027, were exploratory holes...
2022-06-07 8:00 AM EDT
Tower Resources Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that it has granted stock options to acquire up to 2,818,000 common shares to certain directors, officers and consultants. Each of the stock options is exercisable for a five-year term expiring on May 4, 2027 and exercisable until that time at a price of $0.28 per common share. The options are subject to vesting provisions, with one-third vesting and becoming...
2022-05-04 8:00 PM EDT
Tower Completes Rabbit North Drilling Program, Repeatedly Hits Mineralization Resembling Hole 26 Gold Zone and Intersects Possible Footwall Zone
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has completed its preliminary follow-up diamond drilling program on the newly discovered Hole 26 gold zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1). Tower has also officially named the gold discovery the...
2022-05-03 9:15 AM EDT
Tower Resumes Drilling on its Golden Zone Discovery at Rabbit North
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to advise that diamond drilling is now underway on the Company's Rabbit North property near Kamloops British Columbia (see Fig. 1). The objective of the drilling is to expand the newly discovered Golden Zone northeast (see Fig. 2) from discovery hole RN21-026 (1.40 g/t Au over 95 m including 19.2 m of 4.21 g/t Au over 19.2 m (see Tower's January 11, 2022...
2022-03-23 8:30 AM EDT
Tower Prepares for Follow-Up Drilling on the Golden Zone Discovery at Rabbit North
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it plans to resume diamond drilling next week on the newly discovered Golden Zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1). Approximately six holes will be drilled to determine the configuration of the...
2022-03-10 8:30 AM EST
Tower Announces Property Acquisition
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - Tower Resources Ltd. ("Tower" or the "Company") (TSXV: TWR) is pleased to announce it has entered into a property purchase agreement dated February 25, 2022 (the "Agreement"), to purchase a claim block of property near Kamloops, B.C. known as the West Afton Claims (the "Property"). West Afton Property The Property is 1,148.0920 hectares, easily accessible by a forest service road and strategically located between Tower's...
2022-02-28 8:30 AM EST
Tower Quickly Discovers Source of Rabbit North Gold Grain Anomaly, Drills 95 m of 1.4 g/t Au Including 19.2 m of 4.2 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that its December, 2021, diamond drilling program at the head of the recently identified gold grain dispersal train on the Company's Rabbit North property (Fig. 1; see Tower's August 10, November 12 and December 2, 2021 press releases at www.towerresources.ca) has discovered a new gold zone with an impressive initial intercept in Hole RN21-026 of...
2022-01-11 12:00 PM EST
Tower Resources Commences Drilling on Prime Porphyry Cu-Au Target Between New Afton and Highland Valley Mines
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that diamond drilling has commenced on the exciting new porphyry Cu-Au target (see press release dated November 12, 2021) on the Company's Rabbit North porphyry Cu-Au property near Kamloops, B.C. (see figure 1). The Rabbit North property is strategically located between the two producing porphyry deposits of the Kamloops district, New Gold's New...
2021-12-02 8:30 AM EST
Tower's Follow-Up Till Survey Transforms Rabbit North Gold Grain Anomaly into an Exciting, Drill-Ready Target
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that infill till sampling on the exceptionally strong gold grain anomaly that Tower identified in May (see press release dated August 10, 2021) near Dominic Lake on the Company's Rabbit North porphyry Cu-Au property near Kamloops, B.C. (Fig. 1) has transformed the anomaly into a classic gold dispersal train and resolved the probable bedrock...
2021-11-12 8:30 AM EST
Tower Resources Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that it has granted stock options to acquire up to 2,150,000 common shares to certain directors, officers and consultants. Each of the stock options is exercisable for a five-year term expiring on October 26, 2026, and exercisable until that time at a price of $0.06 per common share. The options are subject to vesting provisions, with one-third vesting and...
2021-10-26 10:24 PM EDT
Tower Commences Follow-Up Gold Grain Survey at Rabbit North to Refine Drill Targets
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has begun the planned follow-up till sampling program on the Company's Rabbit North porphyry copper-gold property near Kamloops, British Columbia (Fig. 1). The objective of the till survey is to develop specific diamond drill targets from the strong gold grain anomalies that were identified in the heavy mineral fraction of the till in an...
2021-10-05 8:30 AM EDT
Inaugural Till Heavy Mineral Survey on Tower's Rabbit North Property Identifies a Strong Gold Grain Anomaly Indicating Proximity to a Significant New Porphyry Cu-Au Deposit
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that a recently completed till sampling program on the Company's Rabbit North Property near Kamloops, British Columbia, has identified a strong gold grain anomaly indicating proximity to a new, hidden, alkalic porphyry Cu-Au deposit much more substantial than the known, exposed Cu-Au zones on the property. The till heavy indicator mineral survey...
2021-08-10 8:00 AM EDT
Tower Reports Significant Au Assays from the Pond Trend at Nechako Including 1.3 g/t over 14.7 m in Hole 18, 18.9 g/t over 0.6 m in Hole 19 and 17.5 g/t over 0.6 m in Hole 26
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that all assays have now been received from the April-May diamond drilling program on the Company's Nechako Gold property in south-central B.C. (Fig. 1). Thirteen holes, Nos. APR21-18 to 30 (Fig. 2), were drilled for a total of 2019.8 metres. The main focus of the drilling was on expanding both the original Discovery Zone that was intersected last...
2021-07-20 8:30 AM EDT
Tower Receives Rush Assays Averaging 2.0 g/t Au and 7.2 g/t Ag from Upper 7.3 metres of New 10.5-metre-wide Gold Zone in First Hole of 3000m Diamond Drilling Campaign at Nechako Gold Property
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that the first hole of the current 18-hole, ~3000-metre diamond drilling program on the Company's Nechako Gold property in south-central B.C. (Fig. 1), No. APR-18, intersected a completely new gold zone over a core length of 10.5 metres. Seven samples spanning the first 7.3 m of this zone were assayed on a "rush" basis and returned a weighted...
2021-04-28 8:30 AM EDT
Tower Resources Initiates Major Diamond Drilling Program at Nechako to Expand Recent Au-Ag Discoveries and Probe Prime New Targets
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2021) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to report that a diamond drill has been mobilized to the Company's Nechako Gold property in south-central British Columbia to begin a 3000-metre, 18-hole drilling program, the largest undertaken by Tower on the property to date. In three previous drilling programs in 2019-2020, seventeen (17) holes totaling 2268 metres were drilled near the head...
2021-04-07 8:30 AM EDT
Tower Announces Closing of $2,000,000 Flow-Through Non-Brokered Financing
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that the flow-through non-brokered private placement previously announced on February 25, 2021 (the "FT Offering") has closed. Under the FT Offering, the Company issued 13,986,014 flow-through units (each a "FT Unit") at a price of $0.143 per FT Unit for gross proceeds of $2,000,000. Each FT Unit was comprised of one (1) common share in the...
2021-03-24 11:00 AM EDT
Tower Announces Flow-Through Non-Brokered Financing
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that it proposes to issue up to 14,000,000 units (each a "FT Unit") in a flow-through non-brokered private placement at a price of $0.143 per FT Unit for gross proceeds of approximately $2,000,000 (the "FT Offering"). Each FT Unit will consist of one (1) common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of...
2021-02-25 11:00 AM EST