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 [...]
Tower Resources Ltd. is pleased to announce that it has commenced reverse circulation drilling on its 100% owned Nechako gold/silver property in central British Columbia, Canada. The RC method will be used on approximately 15 vertical holes to rapidly map out, beneath the thick till cover, the mineralized April Trend along strike from the significant Au-Ag discovery that was made in the final hole, No. APR20-10, of the [...]
Tower Resources Ltd. is pleased to announce that geophysical field work on the Company's Nechako property in central B.C. has been completed and a diamond drilling contract has been awarded for the upcoming 2000-metre program focused on expanding the recently announced Discovery Zone along the April Trend. The Company is currently awaiting IP interpretations to finalize the designs of and coordinate the RC and diamond [...]
Tower Resources Ltd. is pleased to report partial results from its ground magnetic-induced polarization survey along the April Trend on the Company's Nechako, BC gold-silver property . Till gold grain and heavy mineral concentrate Au and Ag analyses are also reported for the 15 reverse circulation holes that were drilled in February. Mag Survey Results The Mag survey has been completed, together with 70% of the IP survey [...]
Tower Resources Ltd. is pleased to announce that grid cutting has started on the Company's Nechako Au-Ag property, commencing a comprehensive summer exploration program designed to further test the Discovery Zone and other targets along the April Trend. The exploration program is tiered to maximise the scientific data available for drill planning but is also flexible to allow scaling up the drilling component as results [...]
Tower Resources Ltd. is pleased to announce that the non-brokered private placement announced on May 25, 2020 has now closed. Under the Offering, the Company issued 8,367,732 units at a price of $0.06 per Unit for gross proceeds of $502,064. Each Unit was comprised of common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common [...]
Tower Resources Ltd. announces that it intends to complete a non-brokered private placement of up to 8,333,333 units at $0.06 per Unit for gross proceeds of up to $500,000. The Company intends to use the net proceeds from the Offering to explore the mineralized zones from its recent reverse circulation and diamond drill program on its Nechako property, see the Company's press release of May 6, 2020, and for general [...]
Tower Resources Ltd. is pleased to report partial results from its recent Reverse Circulation and Diamond Drilling program on the April Trend on the Company's Nechako, BC property , including a 7.1 m core intercept grading 2.75 g/t Au, 40.2 g/t Ag, 0.30% Zn and 0.28% Pb in Hole APR20-10, the last hole of the short, 4-hole, 393.1 m DD program. The April Trend is located at the head of a large , strong, Au-Ag-Zn-Pb-As [...]
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