- Tower Resources (TWR) has discovered the head of a recently identified gold grain dispersal train on the Rabbit North property
- The company drilled four holes totalling 875 metres in December
- This new zone, the Golden Zone, hosts significant gold grades, including 1.40 g/t gold over 95 metres
- Tower plans to resume drilling at the Golden Zone after the lab results from the other three December drill holes are obtained
- Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas
- Tower Resources Ltd. (TWR) is up 55.56 per cent, trading at $0.14 per share
Tower Resources (TWR) has discovered the head of a recently identified gold grain dispersal train on the Rabbit North property.
The company drilled four holes totalling 875 metres in December. The discovery hole, No. 026, is the 26th drilled since Tower acquired the property in 2013.
The “Golden Zone” lies just 1 kilometre southeast of the Western Magnetite Zone, where the company recently intersected 247 metres of 0.51 per cent copper and 0.34 g/t gold.
This new zone hosts significant gold grades, including 1.40 g/t gold over 95 metres and 4.21 g/t gold over 19.2 metres.
“The Golden Zone’s width and grade rival some of the best-known discoveries in central BC and marks a transformative change to our company,” commented Tower’s president and CEO, Joe Dhami.
“Adding a new Gold discovery to our known copper values highlights the unlimited potential of this underexplored property.”
Tower plans to resume drilling at the Golden Zone after the lab results from the other three December drill holes are obtained.
“The objective of the Rabbit North till sampling program was to quickly, confidently and cost-effectively identify hidden gold and/or copper zones that are both strongly mineralized and extend to surface and thus have a high economic potential,” said the company director Stu Averill. “This objective was clearly achieved as the Golden Zone was discovered just six months after the first till sample was collected and at a total expenditure of just $350,000.”
Tower Resources is a Canadian-based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas.
Tower Resources Ltd. (TWR) is up 55.56 per cent, trading at $0.14 per share as of 1:26 pm EST.