Vancouver, B.C. - Tower Resources Ltd (TSX.V: TWR) is pleased to announce the acquisition of the Baez epithermal gold (Au) and silver (Ag) prospect by staking in the Nechako Plateau region, central British Columbia. The road accessible Baez Property consists of nineteen mineral claims totaling 8610 hectares located 125 kilometres west of Quesnel. The property is 60 kilometres southeast of New Gold Inc's Blackwater Gold Project (5.4 Moz of indicated Au and 1.9 Moz of inferred Au; NGD PR February 2nd, 2012) and 120 kilometres northwest of Amarc Resources Ltd's Newton Gold Project (recent intersection of 408 meters of 0.6 grams per ton (g/t) Au with 2.6 g/t Ag; AHR PR January 23rd 2012). The Baez property is situated near the center of the newly termed "Blackwater - Newton gold belt."
The property consists of the northern Camp zone and the southern Clusko zone which are 3.6 kilometres apart. Both zones lie within an arsenic in-soil anomaly that covers an area of 7.5 by 1.5 kilometres and remains open in numerous directions. Antimony, gold and silver are also locally anomalous and coincident with arsenic. Historic rock samples from throughout a large silicified corridor (chalcedony healed breccias, quartz stockwork and pervasive silica) of the southern Clusko Zone were extremely elevated in arsenic and highly anomalous in antimony and mercury with anomalous gold (up to 0.28 g/t Au). Historic shallow drilling of the northern Camp Zone in 1988 intersected long intervals of pervasive clay and silica alteration in hydrothermal breccias containing anomalous arsenic, antimony, gold and silver.
The Baez property covers a large 16 by 15 kilometre magnetic high identified by government regional airborne geophysical data. This magnetic high likely represents a buried intrusion as geological mapping indicates the property is underlain by interlayered rhyolite to andesite flows, flow breccias and minor volcaniclastic rocks likely assigned to the Eocene in age Ootsa Lake Group although the exact age of the host rocks is not presently known.
Based on this historic data and in particular the presence of widespread silicified breccias with elevated arsenic values and extensive clay alteration coincident with a large pathfinder element in-soil anomaly, Tower believes the Baez Property represents the base of the silica cap to a well developed epithermal gold system. Tower plans on advancing the project by conducting detailed geological mapping of rock exposures and by digitizing historic airborne geophysical data to assist in target generation. Results from this targeting exercise will form the framework for further IP (induced polarization) geophysical surveys and possible diamond drilling in the fall of 2012.
Technical information contained in this release is historical in nature and has been compiled from sources believed to be accurate.
The technical content of this news release has been reviewed and approved by Kenneth Thorsen, BSc, P.Eng, a consultant of the company and qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President
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. Such statements include, without limitation, statements regarding the proposed use of proceeds and anticipated date of closing. 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. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, the Company's inability to secure subscriptions from investors to complete the proposed financing in whole or in part, a management decision to change the use of proceeds based on changing circumstances, the volatility of metals prices, volatility in the market for the Company's securities and market for equities generally, and other risks associated with mineral exploration. 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.