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
Tower Announces Proposed Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a non-brokered flow-through private placement for aggregate gross proceeds of up to CAD$450,000 (the "Offering"). Under the Offering, the Company will issue flow-through units (each, a "FT Unit") at a price of CAD$0.16 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...
2023-06-29 11:00 AM EDT
Tower's Ground Magnetic Survey at Rabbit North Reveals a Large, Untested Target Area West of the Rainbow Porphyry Cu-Au-Mo Zone and Prominent Lineaments through the Structurally Hosted Thunder and Lightning Au Zones
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that its recent ground magnetic survey has revealed key magnetic trends at each of its Rainbow Porphyry Cu-Au-Mo and Thunder and Lightning Au discoveries 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).Survey Parameters The survey covered an...
2023-06-22 8:30 AM EDT
Tower Commences Ground Magnetic Survey to Guide Diamond Drilling on the New Rainbow Porphyry Cu-Au-Mo and Thunder Orogenic Au Zones and Identify Similar Targets for Future Testing
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce the commencement of a focused ground magnetic survey 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).Purpose of the Ground Magnetic SurveyThe three significant discoveries - Rainbow (porphyry Cu-Au-Mo), Lightning and Thunder (orogenic Au) -that Tower made in...
2023-05-31 8:30 AM EDT
Tower Resources Drills 92 m of 1.13 g/t Au Near Surface in Lightning Zone; Next Campaign to Focus on Expanding the New Thunder Au and Rainbow Porphyry Cu-Au Zones Laterally and to Depth
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that Hole RN23-045, the last hole of the winter diamond drilling program 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), intersected 92 m grading 1.13 g/t Au in the Lightning Zone, and that a summer drilling program...
2023-05-10 8:30 AM EDT
Tower Resources Adopts Advance Notice Policy
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces that its board of directors (the "Board") has adopted an advance notice policy (the "Policy") which includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to...
2023-05-08 7:00 PM EDT
Tower Resources Announces Hole 042 at Rabbit North Hits 72.4 m of Porphyry Cu-Au-Mo Mineralization Averaging 0.57% Cu-Equivalent in the New Rainbow Zone
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that assays received from Hole 042 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), show that the new, near-surface Rainbow Cu-Au-Mo Zone that was just discovered in Hole 041 (see press release from April 5, 2023) increases...
2023-04-20 8:30 AM EDT
Tower Resources Encounters Higher Au Grades in Hole 041 on the Thunder Zone 200 m Along Strike from Hole 039 at Rabbit North, with Two Closely Spaced Intercepts of 3.28 g/t Au over 13.25 m and 2.16 g/t Au over 10.12 m, and Intersects a New, Near-Surface Zone of Porphyry Cu-Au-Mo Mineralization
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that assays received from Hole 41 on its new Thunder Zone gold discovery (see press release from March 1, 2023) at 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), have revealed two closely spaced, 13.25 and 10.12 m...
2023-04-05 8:30 AM EDT
Tower Reports First Assays from Thunder Zone, Intersects 25.7 m of 2.04 g/t Au in Hole 039 Significantly Exceeding Average Grade of Lightning Zone with Strong Indicated Continuity
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that the first assays have been received from its new Thunder Zone (see press release from March 1, 2023) 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), with a 25.7 m section in discovery hole No. RN23-039...
2023-03-30 8:30 AM EDT
Tower Discovers Strongly Mineralized "Thunder" Gold Zone West of Lightning; New Zone Drilled to 400 m Depth, Growing in Strength and Thickness and Gaining Significant Cu
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that its inaugural four-hole diamond drill test at the head of the Central Train (see February 23, 2023 press release) 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), has resulted in the discovery of a new shear-hosted...
2023-03-01 8:00 AM EST
Tower's New Till Samples Confirm That the Lightning Zone Is Not the Main Source of the Dominic Lake Gold Dispersal Train; Drilling Is Underway to Test for a Larger Gold Source Beneath the Train
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce completion of the till sampling and gold grain testing component of the Company's current 2000 m diamond drilling program (see press release from February 2, 2023) 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 gold grain...
2023-02-23 8:30 AM EST
Tower Prepares to Start 2000 m Diamond Drilling Program on Three Key Gold Targets at Rabbit North
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2023) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that it expects to resume diamond drilling early next week 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 2000 m of drilling are planned - double the size of the campaigns completed last year following the...
2023-02-02 8:00 AM EST
Tower Announces Closing of Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2022) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to announce that it has closed a non-brokered flow-through private placement for gross proceeds of CAD$700,000 (the "Offering"). Under the Offering, the Company issued 3,888,889, flow-through units (each, a "FT Unit") at a price of CAD$0.18 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"...
2022-12-23 5:00 PM EST