Tower Resources Ltd. is pleased to report that its 4-hole October drilling program on the Rabbit North property in the heart of the Kamloops mining district appears to have been the most successful to date, intersecting shear hosted, Lightning-type mineralization in every hole and discovering not only the faulted western half of the Lightning Zone but also a completely new and more strongly mineralized gold zone - "Blue [...]
Tower Resources Ltd. has successfully embarked on a follow-up drilling program at the Rabbit North property, building on the results from hole RN24-051 from the June Drilling program. Hole RN24-051 was drilled roughly halfway along the previously untested 450m gap in between the Lightning and Thunder Gold zones to test the continuity of gold mineralization. The successful intercept was the highest average gold grade [...]
Tower Resources is pleased to report that it has received assays for two-thirds of the core samples from its initial 2024 drilling program on the Rabbit North property in the heart of the Kamloops mining district, and is readying a follow-up drilling program based on the positive Au results obtained. Assayed Drill Holes The initial drilling campaign comprised five shallow drill holes, Nos. RN24-050 to 054. Due to a core [...]
Tower Resources Ltd. is pleased to report that it has completed the first phase of its planned 2024 drilling program on the Rabbit North property in the heart of the Kamloops mining district and is planning a larger Phase II follow-up campaign for mid-September. Phase I Drill Program The Phase I campaign comprised 1015 m in five drill holes, Nos. RN24-050 to 054. Holes 050 and 052 tested for a possible northwestern [...]
Tower Resources Ltd. announces it has closed a flow-through non-brokered private placement for aggregate gross proceeds of $408,000 . Under the Offering, the Company issued 3,400,000 flow-through units at a price of CDN$0.12 per FT Unit. Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act and one non-transferable common [...]
Tower Resources announces it intends to complete a flow-through non-brokered private placement for aggregate gross proceeds of $408,000. Under the Offering, the Company will issue up to 3,400,000 flow-through units at a price of CDN$0.12 per FT Unit for gross proceeds of up to $408,000. Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of [...]
Tower Resources is pleased to announce the commencement of the 2024 drilling season at its Rabbit North property. The property is located in the Kamloops mining district and positioned between New Gold's New Afton underground copper-gold mine and Teck's Highland Valley open-pit copper-molybdenum mine. The first phase of drilling will target prime gold and porphyry copper-gold zones within the Lightning, Thunder, and [...]
Tower Resources Ltd. is pleased to report that it has selected five prime targets for the initial phase of the 2024 drilling campaign on its Rabbit North property in the heart of the Kamloops mining district . Target Areas The first four targets are gold-rich sections of the three long, mineralized shear zones recognized from Tower's earlier drill programs . The fifth target is the inferred northwestward continuation of [...]
Tower Resources Ltd. announces it has closed its non-brokered private placement, for aggregate gross proceeds of $300,000 . Under the Offering, the Company issued 3,000,000 units at a price of $0.10 per Unit for gross proceeds of $300,000. Each Unit is comprised of one common share in the capital of the Company and one non-transferable Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common [...]
Tower Resources Ltd. announces it has closed the flow-through portion of its non-brokered private placement for aggregate gross proceeds of $200,000 by issuing 1,538,462 flow-through units at a price of $0.13 per FT Unit . Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act and one non-transferable Common Share purchase [...]
Tower Resources Ltd. is pleased to report that it has recognized a key structural link between the widely spaced Lightning, Thunder and other orogenic Au zones intersected on its Rabbit North property in the heart of the Kamloops mining district , enabling the Company to develop a systematic drilling program for the property through 2024. Orogenic Gold Model Tower's first discovery of gold mineralization of the [...]
Tower Resources Ltd. announces it intends to complete a non-brokered private placement, comprised of a flow-through offering and a non-flow through offering , for aggregate gross proceeds of $500,000 . Under the Unit Offering, the Company will issue up to 3,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $300,000. Each Unit is comprised of one common share in the capital of the Company and one [...]
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