Vancouver, British Columbia--(Newsfile Corp. - April 7, 2021) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to report that a diamond drill has been mobilized to the Company's Nechako Gold property in south-central British Columbia to begin a 3000-metre, 18-hole drilling program, the largest undertaken by Tower on the property to date.
In three previous drilling programs in 2019-2020, seventeen (17) holes totaling 2268 metres were drilled near the head of one of the largest till-hosted "trains" of glacially dispersed gold mineralization known in Canada. Despite a thick, continuous cover of glacial deposits, these holes succeeded in discovering three zones of Eskay Creek-type Au-Ag-As-Zn-Pb mineralization up to 800 m apart in Hole 19-07, Holes 20-10 and 12 (Discovery Zone) and Hole 20-15. With each new drilling program, additional controls on the mineralization were revealed, increasing the effectiveness of the drilling to the extent that a larger and more aggressive campaign is now warranted.
The first ten holes of the drilling campaign have several objectives, including: (1) determining the significance and ultimate thickness of a 10 m section of Eskay-type sulphide-pebble conglomerate with a gold content of nearly 1 g/t that was intersected at the bottom of Hole 19-06; (2) verifying indications that the Au-Ag zones intersected in Holes 20-07 and 20-15 are cross-cutting, potentially bonanza-type zones rather than stratiform zones as originally targeted; and (3) systematically testing the Discovery Zone at 50-m intervals for 200 m southeast along strike from Holes 20-10 and 12. The targets and locations of the remaining 8 drill holes of the approximately 18-hole program will be guided by the results obtained from these 10 holes.
Joe Dhami, President and CEO of Tower, commented: "The success of our recent $2 million financing reflects the high quality of both our Nechako Au-Ag and Rabbit North Cu-Au properties. Having systematically learned the mineralizing controls at Nechako from four years of smaller drilling programs, we are now poised to aggressively drill our recent Au-Ag discoveries and other promising targets nearby."
Methods and Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Stuart Averill, Chairman of Overburden Drilling Management Limited, a Director of the Company and a Qualified Person as defined by National Instrument 43-101.
About Tower Resources
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company's key exploration assets, both in B.C., are the Nechako gold-silver project near Artemis' Blackwater project and the Rabbit North copper-gold porphyry project located between the New Afton and Highland Valley Copper mines.
On behalf of the Board of Directors
Tower Resources Ltd.
Joe Dhami, President and CEO
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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