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...
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 of one of...
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 capital of...
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...
2021-02-25 11:00 AM EST
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 Ag, 0.30% Zn and...
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...
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 the till heavy mineral concentrates ("HMCs") and bedrock...
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 Au-Ag discovery (7.1 m...
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 the designs of and coordinate...
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 Results The Mag survey has...
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 drilling component as results...
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...
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...
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...
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...
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 mineral deposit model for the...
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...
2019-07-29 8:00 AM EDT