Vancouver, B.C. - Tower Resources Ltd. has commenced its 2016 exploration program at its flagship Rabbit North copper and gold property in the active and significant Kamloops mining division of south-central British Columbia. The program will consist of up to 2,500 metres of diamond drilling targeting several key porphyry related copper and gold occurrences.
The road-accessible Rabbit North property comprises approximately 16,400 hectares. The producing New Afton copper and gold mine is approximately 14.5 kilometers east of the main Rabbit North targets. Rabbit North is also 28 kilometers east-northeast of the producing Highland Valley copper mine operated by Teck Resources Limited, Canada's largest copper producer.
The drill program is designed to test for copper and gold mineralization in four high priority areas which are collectively associated with the composite Late Triassic Durand intrusive stock. These targets are Western Magnetite, Central Monzonite South, Chrysocolla East and Dominic. Drilling at the Western Magnetite target is intended to investigate an area undrilled since 1975, where local shallow percussion drilling indicated increasing copper grades with depth (e.g. P70-01, which ended in 6.1m of 0.38% copper (Cu) with gold (Au) unassayed). At Central Monzonite South, sampling by Tower recovered up to 0.62% Cu and 0.73 g/t Au in surface samples; this target has not been systematically drilled previously. The Chrysocolla East showing was discovered by Tower, and has never been drilled. Surface sampling at Chrysocolla East recovered up to 1.6% Cu and 1.9 g/t Au, with elevated palladium. Finally, Dominic is a deep porphyry target represented by a >1.6 km wide chargeability and magnetic anomaly defined by Tower's geophysical surveys. The Dominic target has also not been systematically tested at depth.
Tower plans to investigate the size and grade of mineralized areas at depth while focusing on potential geological and structural mineralization controls. These targets are considered priority because of compelling geochemical (rock and soil) anomalies with coincident geophysical anomalies (IP chargeability and magnetics).
President Mark Vanry states "We are excited at the prospect of expanding beyond areas of historically known mineralization and testing multiple new exploration targets during this season's exploration program at Rabbit North."
Tower also announces that Mr. Christopher Leslie will transition from his current role as Vice President, Exploration to become an appointed Technical Advisor to the company as he is commencing his Ph.D studies later this year.
Some technical information contained in this release is historical in nature and has been compiled from sources believed to be accurate. This technical information has not been verified by Tower and may in some instances be unverifiable dependent on the existence of all historical grab and trench samples and drill core. Management also cautions that mineral resources on nearby properties are not necessarily indicative of the results that may be achieved on the subject property.
The technical content of this news release has been reviewed and approved by Christopher Leslie, M.Sc., P.Geo., Vice President, Exploration 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.