Tower Resources Initiates Drill Program at Rabbit North Copper-Gold Project
TSX VENTURE: TWR
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has commenced its 2018 exploration program at the Rabbit North copper-gold porphyry project near Kamloops, British Colulmbia. A total of 5,000 metres of diamond drilling is planned in the Western Magnetie and Chrysocolla Main zones, where the Company has previously intersected high grades of near-surface gold and copper mineralization over large widths. Tower is also pleased to announce the appointment of Cambria Geosciences as advisors to the Company.
The strategically located and road-accessible Rabbit North property comprises approximately 16,400 hectares. Rabbit North is centered 14.5 kilometers east of New Gold's New Afton copper and gold mine and 28 kilometers east-northeast of Teck's producing Highland Valley copper mine. The 2018 drill program is planned to follow-up and expand on results from the highly successful drill programs from 2016 and 2017, stepping out to the north and south of these areas that display favorable geology and analogous geophysical signatures (IP chargeability/resistivity and ground magnetics). Highlighted results from these programs are listed below;
Western Magnetite Zone
- RN17-015: 247 metre interval grading 0.51% copper and 0.34 g/t gold (0.75% CuEq), including 26.5m grading 0.97% copper and 0.62 g/t gold (see press release dated July 11th, 2017)
- RN-008: 200 metre interval grading 0.30% copper and 0.15 g/t gold (0.39% CuEq), including a 72m interval of 0.47% copper and 0.20 g/t gold (see press Release, December 8, 2016)
Chrysocolla Main Zone
- RN17-021: 256 metre interval grading 0.12% copper and 0.24 g/t gold, including a 42m interval of 0.37% copper and 0.39 g/t gold (see press Release, October 5, 2017)
- 04-02: 142 metre interval grading 0.54 g/t gold
- 97-18: 90 metre interval grading 0.41 g/t gold
President & CEO Garett Macdonald states, "Following up on the excellent drill results at Rabbit North is the main priority for the Company. Drilling from previous years has returned grades and widths similar to many of the operating copper-gold mines in the Province, which is very encouraging for the potential at the project".
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. Darrell Hyde, P.Geo., Exploration Manager for the Company and a Qualified Person as defined by National Instrument 43-101.
About Tower Resources
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company's key exploration assets are the Rabbit North copper-gold porphyry project located between the New Afton and Highland Valley Copper mines, the Nechako gold project near New Gold's Blackwater project and the More Creek & Voigtberg gold projects in the Golden Triangle area of Northern British Columbia.
On behalf of the Board of Directors,
Tower Resources Ltd.
Garett Macdonald — President, CEO & Director
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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