- Tower Resources (TWR) has mobilized a diamond drill rig at the company’s Nechako Gold property in south-central British Columbia
- The company is starting a 3000-metre, 18-hole drilling program
- The drilling program is the largest undertaken by Tower on the property to date
- During three previous drilling programs the company completed seventeen holes totalling 2268 metres
- Tower Resources is up 17.65 per cent on the day, with shares of the company trading at C$0.10 at 11:23 am ET
Tower Resources (TWR) has mobilized a diamond drill rig at the company’s Nechako Gold property in south-central British Columbia.
The company is starting a 3000-metre, 18-hole drilling program, the largest undertaken by Tower on the property to date.
During three previous drilling programs in 2019-2020, the company completed seventeen holes totalling 2268 metres near the head of one of the largest till-hosted “trains” of glacially dispersed gold mineralization known in Canada.
With each new drilling program, “additional controls on the mineralization were revealed, increasing the effectiveness of the drilling to the extent that a larger and more aggressive campaign is now warranted,” according to the company.
The first ten holes of the drilling campaign have several objectives including determining significance and thickness of certain sections, verifying previous gold-silver indications are valid and systematically testing the Discovery Zone different intervals.
“The success of our recent $2 million financing reflects the high quality of both our Nechako silver-gold and Rabbit North copper-gold properties. Having systematically learned the mineralizing controls at Nechako from four years of smaller drilling programs, we are now poised to aggressively drill our recent silver-gold discoveries and other promising targets nearby,” said Tower Resources President and CEO Joe Dhami.
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company’s key exploration assets, both in B.C., are the Nechako gold-silver project near Artemis’ Blackwater project and the Rabbit North copper-gold porphyry project located between the New Afton and Highland Valley Copper mines.
Tower Resources is up 17.65 per cent on the day, with shares of the company trading at C$0.10 at 11:23 am ET.