Tower Resources announces plans for its 2017 exploration program at the Company's flagship Rabbit North copper and gold property in the Kamloops mining division of south-central British Columbia. The fully permitted program will consist of an estimated 4000 meters of diamond drilling focusing on key areas of copper and gold mineralization encountered during Tower's 2016 drill campaign. The strategically located [...]
Tower Resources is pleased to announce it has completed its private placement of units that was previously announced March 15, 2017 in connection with its royalty financing transaction with Sandstorm Gold. The placement was increased from the original $3.2 million announced to $3,338,223.50 to accommodate over-subscriptions. Sandstorm subscribed for 3,448,276 units, bringing Sandstorm's investment in the Company [...]
Tower Resources is pleased to announce it has signed a $1 million financing package with Sandstorm Gold including a royalty investment and private placement. The Company has also agreed to a concurrent non-brokered private placement for proceeds of up to $2.7 million. All currency amounts in Canadian dollars. Transaction and Private Placement Highlights -Provides multi-year funding for exploration of Tower's Rabbit [...]
Tower Resources confirms that it has been served by T. Cameron Scott and V.F. Erickson Consultants Ltd. with a Notice of Claim in regards to a dispute over Tower's Belle claims located in Toodoggone district of north central British Columbia. The claim was filed in the Supreme Court of British Columbia. The dispute relates to whether the Belle claims, acquired by Tower under an option agreement with another party, were [...]
Pursuant to its stock option plan, Tower Resources announces a grant of up to 1,200,000 incentive stock options to directors, consultants and officers of the company. The options have been granted at an exercise price of $0.16 and expire February 6th, 2022. Mark Vanry - Director, CEO & President (604) 558-2565 mvanry@towerresources.ca www.towerresources.ca Neither the TSX Venture Exchange nor the Investment Industry [...]
Tower Resources is pleased to announce results from its systematic glacial till survey on the Nechako Gold property in central British Columbia. Thirty-nine ~10 kg samples were collected in October 2016 by Overburden Drilling Management Limited of Ottawa. Of the 39 samples, 33 define a prominent gold grain anomaly at least 3.5 kilometres long by 2 kilometres wide--larger than the gold dispersal train from the Blackwater [...]
Tower Resources reports results from the remainder of its 2016 drill program on the flagship Rabbit North project, near Kamloops. During this 3397m drill program, drill hole RN-008 intersected 200 metres of 0.30% copper and 0.15 grams per tonne (g/t) gold, including a 72m interval of 0.47% copper and 0.20g/t gold (see Tower Press Release, December 8, 2016). Follow-up drill holes RN-010 and RN-011, reported here [...]
Tower Resources is pleased to report significant copper-gold mineralization has been intersected at its flagship Rabbit North project, near Kamloops, BC. Drill hole RN-008 intersected 200 metres of 0.30% copper and 0.15 grams per tonne (g/t) gold (0.42% copper equivalent), including a 72m interval of 0.47% copper and 0.20g/t gold (0.63% copper equivalent).
The road-accessible Rabbit North property comprises approximately [...]
Tower Resources is pleased to announce results from a preliminary exploration program at its 100% controlled More Creek property in the world-class Golden Triangle district. Tower's stream sediment samples, from streams draining the most prospective portion of the property, have recovered numerous gold and cinnabar grains, suggesting a mineralized epithermal system outcrops within the More Creek Property. The 6,430 [...]
Tower Resources is pleased to announce the following exploration update on its Rabbit North, Nechako Gold and More Creek exploration projects in British Columbia. The company has been active on all three projects since August of the current calendar year. Tower is completing its 2016 exploration drilling program at its flagship Rabbit North copper and gold property in south-central British Columbia. Tower has drilled [...]
Tower Resources is pleased to announce that it is now quoted on the Frankfurt Stock Exchange under the symbol T7Y1. The Frankfurt Stock Exchange is one of the world's largest and will enable Tower to better access pools of capital outside of North America. Tower will continue to have its primary listing on the TSX Venture Exchange.
Tower Resource has commenced a systematic geochemical exploration program at its Nechako Gold Property in the Blackwater Gold district, central British Columbia. The road accessible Nechako Gold Property is approximately 30 kilometres northeast of New Gold Inc.'s significant Blackwater development project. Blackwater contains a proven and probable total mineral reserve of 8.2 million ounces of gold with 60.8 million [...]
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