Vancouver, B.C. - Tower Resources Limited ("the Company") announces diamond drilling initiative at its flagship JD Property aimed at confirming and expanding known high grade, near surface, gold-silver mineralization within several zones.
The 2012 exploration and drilling program will focus on expansion and definition of the Finn, Creek and Moosehorn zones. All gold -- silver zones identified to date have the potential for significant expansion along strike and at depth. The program will also include work on targets to the north and south of the Finn Zone as well as on the newly optioned Belle property to the southeast.
- 3000 metres of diamond drilling commencing mid July;
- Confirmation and exploration drilling at the Finn Zone;
- Exploration drilling at the Creek and Mooeshorn Zones;
- Detailed soil sampling (up to 2500 samples) from the Finn Zone west to the Creek Zone and south to the Moosehorn Creek;
- Mapping, sampling and prospecting of multiple other targets on both the JD and Belle claims.
Tower has received a Notice of Work permit from the B.C. government authorizing a 20-hole surface drilling program as well as an induced polarization (IP) survey and camp construction at JD. A contract has been signed with Ridgeline Diamond Drilling Ltd., an experienced Smithers based drilling contractor, to carry out the drilling at JD.
Tower has acquired assay data from over 30,000 meters of historic drilling at the JD property, and has begun compiling and developing preliminary 3D geological and resource models. The three main targets identified are the aforementioned Finn, Creek and Moosehorn zones. The Creek and Moosehorn zones are three kilometres west and 7.5 kilometres southwest of the Finn Zone respectively. Preliminary interpretations from these models indicate that gold and silver mineralizated zones remain open in numerous directions and at depth.
President Mark Vanry states "We are extremely excited to begin our exploration activities on the JD project this summer. Our data compilation efforts so far have outlined numerous drill targets that remain open in multiple directions."
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
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.