Tower Resources Ltd. is pleased to report that infill till sampling on the exceptionally strong gold grain anomaly that Tower identified in May near Dominic Lake on the Company's Rabbit North porphyry Cu-Au property near Kamloops, B.C. has transformed the anomaly into a classic gold dispersal train and resolved the probable bedrock source of the gold sufficiently for an initial diamond drill test. Dominic Lake Dispersal [...]
Tower Resources Ltd. announces that it has granted stock options to acquire up to 2,150,000 common shares to certain directors, officers and consultants. Each of the stock options is exercisable for a five-year term expiring on October 26, 2026, and exercisable until that time at a price of $0.06 per common share. The options are subject to vesting provisions, with one-third vesting and becoming exercisable on the date of [...]
Tower Resources Ltd. is pleased to report that it has begun the planned follow-up till sampling program on the Company's Rabbit North porphyry copper-gold property near Kamloops, British Columbia . The objective of the till survey is to develop specific diamond drill targets from the strong gold grain anomalies that were identified in the heavy mineral fraction of the till in an inaugural survey in May, 2021 . These gold [...]
Tower Resources Ltd. is pleased to report that a recently completed till sampling program on the Company's Rabbit North Property near Kamloops, British Columbia, has identified a strong gold grain anomaly indicating proximity to a new, hidden, alkalic porphyry Cu-Au deposit much more substantial than the known, exposed Cu-Au zones on the property. The till heavy indicator mineral survey totaled 137 samples. Of these, 84 [...]
Tower Resources Ltd. is pleased to report that all assays have now been received from the April-May diamond drilling program on the Company's Nechako Gold property in B.C. Thirteen holes, Nos. APR21-18 to 30, were drilled for a total of 2019.8 metres. The main focus of the drilling was on expanding both the original Discovery Zone that was intersected last year in Hole 10 on the April Trend and the new zone (2.0 g/t Au [...]
Tower Resources Ltd. is pleased to report that the first hole of the current 18-hole, ~3000-metre diamond drilling program on the Company's Nechako Gold property in B.C., No. APR-18, intersected a completely new gold zone over a core length of 10.5 metres. Seven samples spanning the first 7.3 m of this zone were assayed on a "rush" basis and returned a weighted average of 2.0 g/t Au and 7.2 g/t Ag. Only limited rush [...]
Tower Resources Ltd. 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 holes totaling 2268 metres were drilled near the head of one of the largest till-hosted "trains" of [...]
Tower Resources Ltd. is pleased to announce that the flow-through non-brokered private placement previously announced on February 25, 2021 has closed. Under the FT Offering, the Company issued 13,986,014 flow-through units at a price of $0.143 per FT Unit for gross proceeds of $2,000,000. Each FT Unit was comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes [...]
Tower Resources Ltd. announces that it proposes to issue up to 14,000,000 units in a flow-through non-brokered private placement at a price of $0.143 per FT Unit for gross proceeds of approximately $2,000,000 . Each FT Unit will consist 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 transferable common share purchase warrant . Each [...]
Tower Resources Ltd. is pleased to report assay results from the Company's recent 7-hole, 1244-metre diamond drilling program on its Nechako Gold property in south-central British Columbia . The first four holes, APR20-11 to 14, further tested the April Trend siltstone-mudstone horizon that hosts this year's Discovery Zone while the last three, APR20-15 to 17, targeted the equally fertile contact between the overlying [...]
Tower Resources Ltd. announces that Mr. James Clark has resigned as a director of the Company. Mr. Clark's resignation is a result of his recent acceptance of a position under which he is not permitted to serve as a director of publicly traded companies. Mr. Joe Dhami, President and CEO of Tower, stated: "We wish to take this opportunity to express our very sincere gratitude to Mr. Clark for his valuable contribution to [...]
Tower Resources Ltd. is pleased to report that it has completed the previously announced reverse circulation and diamond drilling programs on the Company's Nechako, BC gold-silver property . The 15-hole RC and 7-hole diamond drilling programs were run consecutively with no break. Partial results have been received for the till heavy mineral concentrates and bedrock samples from the RC holes. All of the diamond drill core [...]
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