Vancouver, B.C. - Tower Resources Ltd. (“Tower” or the “Company”) has commenced the 2017 exploration program at its flagship Rabbit North copper and gold property in the resource and infrastructure rich Kamloops mining division of south-central British Columbia. The program will consist of up to 4,000 metres of diamond drilling, targeting multiple key porphyry related copper and gold occurrences.
The strategically located, 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 2017 drill program is planned to follow-up on results from the highly successful 2016 drill program; 2016 diamond drill hole RN-008 at the Western Magnetite Zone cut 200 meters of 0.30% copper and 0.15 grams per tonne (g/t) gold, including a 72m interval of 0.47% copper and 0.20g/t gold (see Tower Press Release, December 8, 2016). Copper-gold mineralization and porphyry-related alteration was intersected in all 11 holes drilled in 2016, and promising drill results from the Central Monzonite Zone and Chrysocolla East Zone will be followed up in addition to the priority Western Magnetite Zone target.
Tower plans to expand the footprint of mineralized zones intercepted in 2016 drilling at the Western Magnetite Zone, stepping out to the east, north and south of 2016 drill hole RN-008 into areas of favorable geology and analogous geophysical signatures (IP chargeability/resistivity and ground magnetics). Further drilling is also planned for copper-gold targets proximal to and within the Durand stock, targeting highly prospective areas of coincident geological, geochemical and geophysical anomalies.
President Mark Vanry states "We are extremely excited at the prospect of following up on the highly successful 2016 Rabbit North drilling program. The initial 4000 meter phase of the Rabbit 2017 drilling program be the largest in company history. Based on results, the Company has the resources to significantly expand the program through the rest of the year. Tower was fortunate to option one of the largest, low cost - close to infrastructure Cu-Au exploration projects in southern BC during the market downturn in 2013.”
The technical content of this news release has been reviewed and approved by Paola Chadwick, P.Geo Exploration Manager for the company and qualified person as defined by National Instrument 43-101.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver based junior mineral exploration company focused on the discovery and advancement of economic mineral projects, primarily in British Columbia. The company’s key exploration assets are Rabbit North, Nechako Gold and More Creek.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Caution
This news release contains certain “forward-looking statements”, as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and Tower's plans and objectives to differ materially from those expressed in the forward-looking information. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.