Welcome to our dedicated page for Tower Res news (Ticker: TWRFF), a resource for investors and traders seeking the latest updates and insights on Tower Res stock.
Tower Resources Ltd. (TWRFF, TSXV: TWR) is a Canadian-based mineral exploration company whose news flow is dominated by updates from its gold‑focused projects in British Columbia. The company’s releases concentrate on drill programs, assay results and geological interpretations, particularly at its Rabbit North orogenic gold and porphyry copper‑gold project in the Kamloops mining district.
Investors following Tower’s news can expect detailed reports on diamond drilling at the Rabbit North property, including progress on the Lightning, Thunder, Thunder North and Blue Sky gold zones. The company frequently discusses step‑out holes, extensions of mineralized trends along strike and to depth, and the identification of new gold trends based on drill intersections and till gold grain surveys.
Beyond Rabbit North, Tower’s news also references its Nechako porphyry‑associated gold‑silver project near Artemis’ Blackwater project and the More Creek epithermal gold project on the “red line” structural zone in the Golden Triangle. Corporate updates such as annual general meeting results, stock option grants, the appointment of technical advisors and agreements for market‑making and capital markets consulting are also covered in its releases.
This page aggregates Tower Resources’ news so readers can follow exploration milestones, technical commentary from Qualified Persons and corporate developments in one place. For those tracking TWRFF or TSXV: TWR, the news feed offers insight into how the company is advancing its exploration targets and managing its capital markets profile over time.
Tower Resources (TSXV: TWR) has completed the first phase of its 2024 drilling program at the Rabbit North property in the Kamloops mining district. The campaign included 1015 m across five drill holes, targeting potential extensions of the Rainbow porphyry Cu-Au-Mo discovery and three shear-hosted Au targets. Key highlights:
- Holes 050 and 052 tested for northwestern extension of the Rainbow discovery
- Holes 051, 053, and 054 targeted shear-hosted Au zones
- Core from the first three holes has been submitted for analysis
- A larger follow-up drilling campaign of up to ten holes is planned for mid-September
The company is employing strict QA/QC protocols, with samples analyzed for Au by fire assay and ICP-OES, and for Ag and 36 additional elements by ICP-OES using a four-acid, near-total digestion.
Tower Resources has completed a non-brokered private placement, raising CDN$408,000. The offering included 3,400,000 flow-through units at CDN$0.12 per unit, each consisting of a common share and a warrant. These warrants allow the holder to purchase additional shares at CDN$0.18 until July 3, 2026. The funds will be used for Canadian Exploration Expenses. A finder's fee of CDN$24,480 and 204,000 warrants were issued to non-related parties. All securities from the offering are subject to a hold period until November 4, 2024.
Tower Resources has launched the 2024 drilling season at its Rabbit North property in the Kamloops mining district. The initial drilling phase targets gold and porphyry copper-gold within the Lightning, Thunder, and Rainbow zones. This phase is set to conclude in July, followed by phases in the summer and fall. Additionally, a follow-up program at the More Creek property, building on 2023 sampling results, will focus on mapping areas affected by a landslide at Arrow Creek to define a future drill target. The technical content has been reviewed by Stuart Averill, P.Geo.
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.
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