Vancouver, B.C. - Tower Resources Ltd (TSX.V: TWR) announces the expansion, by staking, of the company's mineral tenures covering the Baez epithermal gold (Au) and silver (Ag) property in the Nechako Plateau region, central British Columbia. The road accessible Baez Property now consists of eighty-eight mineral claims totalling 40,125 hectares located 125 kilometres (km) west of Quesnel. The property is 60 km southeast of New Gold Inc's, Blackwater Gold Project (5.5 Moz of indicated Au and 2.3 Moz of inferred Au; NGD.T PR March 7, 2012) and 120 km 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.V PR January 23, 2012). The Baez property is situated near the center of the newly termed "Blackwater - Newton Gold Belt."
Expansion of Tower's land position at Baez was deemed strategically important, as it gives the Company control over additional land, which exhibits the presence of geophysical anomalies identified in legacy airborne data acquired by Phelps Dodge in 1993 and 1994. Numerous large areas with coincident high resistivity and high electromagnetic response were identified and may represent sulphides hosted in silica altered bedrock. These targets warrant further investigation in the form of geological mapping, soil geochemistry and IP (induced polarization) geophysics. Similar airborne geophysical anomalies coincide with known areas of silicification (e.g., silicified breccias) with sulphide mineralization such as what has been observed in the Clusko Zone.
Tower plans on commencing field work on the Baez Property shortly after snow melt this spring. Initial property reconnaissance and geological mapping will assist in focusing future IP geophysical surveys, which are expected to generate new drill targets.
President Mark Vanry states, "We are very excited to begin exploration on the Baez Property this spring. The proximity of Baez to the significant Blackwater and Newton projects makes this an exciting area for Tower to explore for economic gold mineralization. We anticipate that by the end of summer 2012 we will have robust drill targets defined and will take the necessary steps to evaluate them. "
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. 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.