TOWER RESOURCES LTD ORD - TWRFF STOCK NEWS

Tower Resources (TSXV: TWR) has launched a follow-up drilling program at its Rabbit North property, building on the success of hole RN24-051 from the June drilling program. The previous hole, located between the Lightning and Thunder Gold zones, yielded the highest average gold grade to date from the Lightning-Thunder trend, with 6.06 g/t Au over 4.27m, including 24.0g/t Au over 0.7m.

The fall drilling campaign is progressing well, with core logging and sample analysis underway. Matthew Husslage, P.Geo, who has overseen over 8,000 meters of drilling since 2021, continues to refine the geological model and expand known mineralized zones. The current strategy aims to explore mineralization continuity along the Thunder-Lightning gold trends and expand existing boundaries through step-out drilling.

Tower Resources (TSXV: TWR) has received partial assays for its initial 2024 drilling program on the Rabbit North property in the Kamloops mining district. The company reports positive gold results, particularly from Hole 051, which intersected 6.06 g/t Au over 4.27 m including 24.0 g/t over 0.7 m. This high-grade intersection connects the Lightning and Thunder Gold Zones, confirming continuity of mineralization along a previously untested 450 m gap.

The drilling campaign comprised five shallow holes, with complete assays received for Holes 51 and 54. Hole 054, drilled west of the Thunder North discovery hole, intersected mineralized ash tuff and quartz-feldspar porphyry dykes, extending the Au-fertile shear trend westward. Assays for Holes 050, 052, and 053 are pending. Tower is planning follow-up drilling to build on these results, focusing on the Thunder-Lightning and Thunder North gold trends.

Tower Resources (TSXV: TWR) has completed the first phase of its 2024 drilling program at the Rabbit North property in the Kamloops mining district. The campaign included 1015 m across five drill holes, targeting potential extensions of the Rainbow porphyry Cu-Au-Mo discovery and three shear-hosted Au targets. Key highlights:

- Holes 050 and 052 tested for northwestern extension of the Rainbow discovery
- Holes 051, 053, and 054 targeted shear-hosted Au zones
- Core from the first three holes has been submitted for analysis
- A larger follow-up drilling campaign of up to ten holes is planned for mid-September

The company is employing strict QA/QC protocols, with samples analyzed for Au by fire assay and ICP-OES, and for Ag and 36 additional elements by ICP-OES using a four-acid, near-total digestion.

Tower Resources has completed a non-brokered private placement, raising CDN$408,000. The offering included 3,400,000 flow-through units at CDN$0.12 per unit, each consisting of a common share and a warrant. These warrants allow the holder to purchase additional shares at CDN$0.18 until July 3, 2026. The funds will be used for Canadian Exploration Expenses. A finder's fee of CDN$24,480 and 204,000 warrants were issued to non-related parties. All securities from the offering are subject to a hold period until November 4, 2024.

Tower Resources has launched the 2024 drilling season at its Rabbit North property in the Kamloops mining district. The initial drilling phase targets gold and porphyry copper-gold within the Lightning, Thunder, and Rainbow zones. This phase is set to conclude in July, followed by phases in the summer and fall. Additionally, a follow-up program at the More Creek property, building on 2023 sampling results, will focus on mapping areas affected by a landslide at Arrow Creek to define a future drill target. The technical content has been reviewed by Stuart Averill, P.Geo.

Tower Resources announces its 2024 drilling campaign at Rabbit North, targeting five prime areas in the Kamloops mining district. These targets include four gold-rich shear zones and the continuation of the Rainbow porphyry Cu-Au-Mo zone. The campaign will begin by testing three or four of these targets with one or two drill holes each, and a second phase is anticipated. Notable intersections from past drilling include 22.0 m of 2.09 g/t Au in Hole 22-31 and high-grade intersections of 69.3 g/t Au and 12.51 g/t Au in previous holes. The campaign aims to explore these well-mineralized areas further.

Tower Resources (TSXV: TWR) announces the recognition of a structural link connecting widespread orogenic gold mineralization at Rabbit North, leading to a systematic drilling program through 2024. The company identifies key gold zones, plans to drill 12 holes to test Au-bearing sections, and conducts follow-up drilling for the Rainbow porphyry Cu-Au-Mo discovery.

Tower Resources Ltd. (TWRFF) announces the renewal of its exploration permit for Rabbit North and West Afton property, showcasing promising assay results and future drilling plans. The company's efficient resource utilization and strategic location near established mines bode well for its exploration potential.

Tower Resources Ltd. (TWRFF) has reported the results of the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo zone and younger, shear-hosted Thunder Au zone on its Rabbit North property in the Kamloops mining district. The Rainbow Zone extends 350 m westward and its grade may be increasing, as indicated by the results of the new holes 048 and 049. The mineralization occurs between vertical depths of ~51 and 116 metres, and the company plans to use this information for planning the next step-out holes on the large Rainbow target.