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Tower Resources Ltd. reports exploration developments for its Rabbit North orogenic gold discovery in the Kamloops porphyry copper mining district. Company news centers on diamond drilling permits, drill program progress, assay results, and geologic interpretation across the Blue Sky, Thunder North, Thunder, and Lightning gold zones.
Recurring updates describe near-surface and high-grade gold intersections, step-out drilling along mineralized trends, drill-core observations, and the use of till gold grain surveys and structural mapping to guide exploration. Releases also include durable public-company categories such as material agreements, capital-structure disclosure, and governance matters.
Tower Resources (TSXV: TWR) has reported significant gold assays from Hole RN24-056 at the Thunder North gold zone on its Rabbit North property. The hole intersected 15.85 meters of continuous gold mineralization averaging 5.80 g/t Au, including high-grade intervals of 4.5m averaging 13.97 g/t Au and 4.35m averaging 5.70 g/t Au.
The results extend the Thunder North discovery 250 meters along strike to the east at double the gold grade of the 2023 discovery intersection. This follows the recent success at the Blue Sky Zone, where Hole 055 discovered 31.5m averaging 4.15 g/t Au. The company has made three new discoveries of successively higher Au grades in just 36 holes totaling 10,000m.
The mineralization shows elevated bismuth and tellurium levels, indicating a second, lower-temperature mineralizing event that upgraded the initial gold mineralization. Tower plans to commence follow-up drilling in March, taking advantage of the property's year-round accessibility.
Tower Resources (TSXV: TWR) reported complete gold assays from Blue Sky discovery hole RN24-055 at the Rabbit North property in Kamloops mining district. The main Blue Sky intersection yielded 4.15 g/t Au over 31.5 meters, with seven additional gold zones discovered above it. Notable among these is a zone returning 2.92 g/t over 9.0 metres located just 15m above Blue Sky.
The mineralization occurs under approximately 63m of cover, including glacial till, Chilcotin basalt flows, and saprolite. The gold grade is relatively uniform without erratic high-grade outliers, ranging from 0.44 to 17.10 g/t across 35 core samples. The company has received laboratory analyses for Holes 056 to 058 and plans to release these results in early 2024.
Tower Resources reports successful results from its 4-hole October drilling program at Rabbit North property in Kamloops. The company discovered the Blue Sky Zone, a new gold mineralization area 300m north of the Lightning Zone, showing grades up to 8.8 g/t Au and averaging 4.0 g/t Au - nearly triple the Lightning Zone's grade. The 32.5m wide mineralized zone includes intense quartz-sericite-pyrite alteration and quartz veining.
The program also located the western half of the faulted Lightning Zone and extended the Thunder North Zone by 150m eastward. All four holes (RN24-055 to 058) intersected shear-hosted mineralization, totaling 1096 metres of drilling.
Tower Resources (TSXV: TWR) has launched a follow-up drilling program at its Rabbit North property, building on the success of hole RN24-051 from the June drilling program. The previous hole, located between the Lightning and Thunder Gold zones, yielded the highest average gold grade to date from the Lightning-Thunder trend, with 6.06 g/t Au over 4.27m, including 24.0g/t Au over 0.7m.
The fall drilling campaign is progressing well, with core logging and sample analysis underway. Matthew Husslage, P.Geo, who has overseen over 8,000 meters of drilling since 2021, continues to refine the geological model and expand known mineralized zones. The current strategy aims to explore mineralization continuity along the Thunder-Lightning gold trends and expand existing boundaries through step-out drilling.
Tower Resources (TSXV: TWR) has received partial assays for its initial 2024 drilling program on the Rabbit North property in the Kamloops mining district. The company reports positive gold results, particularly from Hole 051, which intersected 6.06 g/t Au over 4.27 m including 24.0 g/t over 0.7 m. This high-grade intersection connects the Lightning and Thunder Gold Zones, confirming continuity of mineralization along a previously untested 450 m gap.
The drilling campaign comprised five shallow holes, with complete assays received for Holes 51 and 54. Hole 054, drilled west of the Thunder North discovery hole, intersected mineralized ash tuff and quartz-feldspar porphyry dykes, extending the Au-fertile shear trend westward. Assays for Holes 050, 052, and 053 are pending. Tower is planning follow-up drilling to build on these results, focusing on the Thunder-Lightning and Thunder North gold trends.
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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