Vancouver B.C. - Tower Resources Ltd., (TSX.V: TWR) has commenced a comprehensive exploration program covering the Company’s 100% controlled More Creek property in the world class Golden Triangle mineral district, northwest British Columbia.
More Creek is an epithermal gold and silver prospect strategically located near the center of the Golden Triangle mineral district. The property is proximal to significant infrastructure such as Highway 37 and the newly completed Northern Transmission Line, both just 10km east of the property boundary. More Creek was acquired by Tower through staking in 2016 (see Tower’s August 16, 2016 news release).
The 6,430 hectare project is 55km north of the Brucejack project (9.1 million ounces of gold at an average grade of 17.2 grams per tonne gold1) currently under construction by Pretium Resources. Other significant development projects in the immediate area include; Seabridge Gold’s KSM deposit, Teck Resources’ and Nova Gold’s Galore Creek deposits and Imperial Metal’s Red Chris mine.
Exploration by Tower in 2016 consisted of the collection of rock-chip samples at the Sinter Zone and stream sediment samples in the creeks draining the Sinter and Logan Ridge zones (see Tower’s December 6, 2016 press release). Highly anomalous gold grain and indicator mineral counts in stream sediments coupled with elevated pathfinder elements in rock-chip samples, and high-level epithermal textures identified in outcrop were considered significant and warranted systematic follow-up. Property-wide geological mapping, prospecting, and geochemical soil, rock and stream sediment sampling program will be undertaken. The 2017 program is designed to investigate the source of the gold sampled in the preliminary stream sediment survey and to develop a stronger geological and structural model for the property.
1. Pretium Resources July 21st, 2016 Press Release
Appointment of Corporate Secretary
The Company is pleased to announce the appointment of Mrs. Leah Hodges as Corporate Secretary of the Company. Mrs. Hodges has over thirteen years’ of experience in corporate compliance and administration of public and private companies, specializing in corporate, commercial and securities law, corporate governance, mergers and acquisitions. Mrs. Hodges is a Commissioner for Taking Affidavits in British Columbia, has an Associate of Arts degree from Capilano University and is a member of the Governance Professionals of Canada and Institute of Corporate Directors.
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.