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Tower Resources Ltd. - $TWRFF STOCK NEWS

Welcome to our dedicated page for Tower Resources Ltd. news (Ticker: $TWRFF), a resource for investors and traders seeking the latest updates and insights on Tower Resources Ltd. stock.

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Rhea-AI Summary

Tower Resources announces its 2024 drilling campaign at Rabbit North, targeting five prime areas in the Kamloops mining district. These targets include four gold-rich shear zones and the continuation of the Rainbow porphyry Cu-Au-Mo zone. The campaign will begin by testing three or four of these targets with one or two drill holes each, and a second phase is anticipated. Notable intersections from past drilling include 22.0 m of 2.09 g/t Au in Hole 22-31 and high-grade intersections of 69.3 g/t Au and 12.51 g/t Au in previous holes. The campaign aims to explore these well-mineralized areas further.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.13%
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Rhea-AI Summary
Tower Resources (TSXV: TWR) announces the recognition of a structural link connecting widespread orogenic gold mineralization at Rabbit North, leading to a systematic drilling program through 2024. The company identifies key gold zones, plans to drill 12 holes to test Au-bearing sections, and conducts follow-up drilling for the Rainbow porphyry Cu-Au-Mo discovery.
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-3.99%
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Rhea-AI Summary
Tower Resources Ltd. (TWRFF) announces the renewal of its exploration permit for Rabbit North and West Afton property, showcasing promising assay results and future drilling plans. The company's efficient resource utilization and strategic location near established mines bode well for its exploration potential.
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15.83%
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Tower Resources Ltd. (TWRFF) has reported the results of the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo zone and younger, shear-hosted Thunder Au zone on its Rabbit North property in the Kamloops mining district. The Rainbow Zone extends 350 m westward and its grade may be increasing, as indicated by the results of the new holes 048 and 049. The mineralization occurs between vertical depths of ~51 and 116 metres, and the company plans to use this information for planning the next step-out holes on the large Rainbow target.
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-39.05%
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Tower Resources Ltd. (TSXV: TWR) has confirmed the source of a historical gold anomaly on its More Creek property in British Columbia's Golden Triangle. The gold grain sampling at Arrow Creek revealed significant gold target potential, attracting attention for potential partnership opportunities. The Company's President and CEO, Joe Dhami, expressed excitement over the new discovery.
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5.14%
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Rhea-AI Summary
Tower Resources Ltd. (TSXV: TWR) 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 Kamloops mining district. The drilling targeted mineralized zones covered by glacial till and pre-glacial Chilcotin basalt flows, with the Rainbow Zone hosted by a magmatic hydrothermal breccia. The drilling aimed to confirm the thickness and extent of Cu-Au-Mo mineralization, evaluate potential higher-grade mineralization, and determine the nature of the Thunder Zone. Tower plans to release analytical results after evaluating all assays.
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4.29%
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Tower Resources Ltd. approves grant of 2.6M incentive stock options.
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-0.41%
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Tower Resources Ltd. mobilizes diamond core rig to drill follow-up holes on Thunder and Rainbow zones in Rabbit North property
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Tower Resources Ltd. plans to resume drilling on Thunder Au and Rainbow Cu-Au-Mo discoveries at Rabbit North and initiate follow-up gold grain sampling at More Creek. A 1500 m follow-up diamond drilling program will begin in October. Tower received a permit to continue exploration on the Rabbit North property. Tower is also considering using RC drilling to search for additional gold sources in the eastern area of the Dominic Lake gold grain dispersal train at Nechako Gold property. The Belle property has been returned to the vendors by Volatus Capital Corp.
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-4.49%
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Tower Resources Ltd.

OTC:TWRFF

TWRFF Rankings

TWRFF Stock Data

11.67M
121.24M
5.86%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
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