Vancouver, B.C. - Tower Resources Ltd. is pleased to report additional diamond drill results from phase one drilling at its 100% controlled JD property in north central British Columbia.
Highlights:
- Tower continues to define high-grade near surface mineralization at JD
- JD-12-008 intersected; 26 metres of 3.64 grams per tonne (g/t) gold (Au) with 9.29 g/t silver (Ag) in Tower's easternmost hole in Finn zone.
- JD-12-010 intersected; 18.5 metres of 1.29 g/t Au with 50.67 g/t Ag in Tower's westernmost hole in Finn zone.
Table of selected highlights of length weighted drill intersections:
| Drill Hole1 | From (m) | To (m) | Width2 (m) | Au (g/t) | Ag (g/t) | AuEQ3 (g/t) |
|---|---|---|---|---|---|---|
| JD-12-008 | 5.0 | 31.0 | 26.0 | 3.64 | 9.29 | 3.81 |
| including | 10.0 | 20.0 | 10.0 | 8.22 | 12.54 | 8.45 |
| including | 13.0 | 15.0 | 2.0 | 32.45 | 26.60 | 32.95 |
| and | 46.0 | 51.0 | 5.0 | 0.31 | 1.18 | 0.33 |
| and | 58.0 | 59.0 | 1.0 | 9.49 | 5.20 | 9.59 |
| JD-12-010 | 35.0 | 40.0 | 5.0 | 0.91 | 14.86 | 1.19 |
| and | 84.5 | 103.0 | 18.5 | 1.29 | 50.67 | 2.24 |
| JD-12-013 | 20.5 | 24.0 | 3.5 | 0.57 | 1.57 | 0.60 |
| and | 27.0 | 32.0 | 5.0 | 0.78 | 1.16 | 0.80 |
| and | 34.0 | 45.0 | 11.0 | 1.21 | 4.93 | 1.30 |
| and | 62.0 | 64.0 | 2.0 | 0.60 | 7.40 | 0.74 |
- JD-12-008 was collared at 611324E 6367663N (UTM NAD83 Z 9) and drilled with an azimuth of 200o and dip -80o
JD-12-010 was collared at 611167E 6367696N (UTM NAD83 Z 9) and drilled with an azimuth of 200o and dip -50o
JD-12-013 was collared at 611111E 6367481N (UTM NAD83 Z 9) and drilled with an azimuth of 200o and dip -65o - Widths reported are drill widths. True widths are approximately 96% of drill widths.
- Gold Equivalent (AuEQ) calculations use metal prices as follows: Au $1600/oz and Ag $30/oz. Recoveries are assumed to be 100%
JD-12-008 was collared on the same pad as JD-12-007 and 100 metres east of JD-12-003 (see Tower's August 29th, 2012 news release). The hole was designed to test the continuity of gold mineralization within the eastern extent of the Finn Zone. The hole intersected a 26 metre interval from surface of 3.64 g/t Au with 9.29 g/t Ag highlighted by a 2 metre interval of 32.45 g/t Au with 26.60 g/t Ag. This hole also tested the footwall to the Finn zone where it intersected a one metre interval of 9.49 g/t Au within a broad mineralized zone from 46 to 59 metres.
JD-12-010 was collared 80 metres northwest of JD-12-003 and 90 metres east of the recently reported JD-12-014. The hole was designed to test the continuity of gold mineralization in the western extent of the historic Finn zone.
Both, JD-12-008 and JD-12-010 intersected typical Finn zone lithologies, alteration assemblages and mineralization consisting of pyritic and weakly sericite + chlorite altered plagioclase porphyritic andesite that grades into a strongly silica and sericite altered and brecciated zone within a volcaniclastic unit. Here, sulphide minerals in the form of pyrite, galena, sphalerite and local chalcopyrite predominate as disseminations, matrix fill and vein hosted. This siliceous zone grades below into sericite + chlorite + pyrite altered plagioclase porphyritic andesite with local zones of strong epidote and hematite alteration. JD-12-008 intersected the silicified breccia zone at surface whereas JD-12-010 intersected the zone at 85 metres.
JD-12-013 was an exploration hole collared 200 meters southwest of JD-12-003. The hole was designed to test the southwestern extent of Finn zone mineralization in an area with strong mineralization exposed in historic trenches. The hole intersected chlorite + sericite altered feldspar porphyritic andesite with local zones of strong silicified breccias mineralized with pyrite and lesser galena similar to the core of the Finn zone.
A map of the current reported drill hole locations will be posted on Tower's website: www.towerresources.ca
The JD Property is comprised of over 15,000 hectares in 42 claims located 200 kilometres east of Dease Lake, BC, and approximately 50 kilometres north of Aurico Gold Inc.'s past producing Kemess Mine in the Omineca mining district of British Columbia.
Quality Assurance and Control:
The 2012 drilling and sampling program at JD was supervised by Christopher Leslie, M.Sc., Vice President, Exploration for Tower Resources. The technical and scientific nature of this news release was supervised, reviewed and approved by Ken Thorsen, B.Sc., P.Eng., and consultant to the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.
Core samples were prepared at Tower's core logging facility at the JD camp and shipped in sealed and secure bags to Acme Analytical Laboratories preparation lab in Smithers, BC. Here, samples were prepared using standard preparation procedures. Samples were then analyzed at Acme's Vancouver, BC laboratory for gold by 30 gram fire assay fusion with AAS finish; samples that yielded results greater than 10g/t Au were re-assayed using a 30 gram fire assay with a gravimetric finish. 36 elements, including silver, lead and zinc, were analysed by ICP-MS using an aqua regia digestion. Over-limit (>100 ppm) silver was re-analysed by a 30 gram fire assay with gravimetric finish. Over-limit lead and zinc (>1%) was re-analysed by ICP-ES finish using an aqua regia digestion. Quality assurance and quality control procedures include the systematic insertion of blanks, certified standards and duplicate samples into the sample stream followed by careful monitoring of results.
Reported length weighted intervals are calculated using a 0.3g/t Au cut off for bounding assays unless stated otherwise. Assays below the cut off are only used if it's grade and the grade of the neighbouring assay averages greater than 0.3 g/t Au. Reported grade intervals are based on the uncut fire assay certificates received from the lab.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President
(604) 558-2565
www.towerresources.ca
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 Statements
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 Towers 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.