Blue Sky Discovery Delivers for Tower as Expected; Hole 55 Intersects 31.5 m of 4.15 g/t Au, Hits Seven Overlying Gold Zones Including 9.0 m of 2.92 g/t Au
Tower Resources (TSXV: TWR) reported complete gold assays from Blue Sky discovery hole RN24-055 at the Rabbit North property in Kamloops mining district. The main Blue Sky intersection yielded 4.15 g/t Au over 31.5 meters, with seven additional gold zones discovered above it. Notable among these is a zone returning 2.92 g/t over 9.0 metres located just 15m above Blue Sky.
The mineralization occurs under approximately 63m of cover, including glacial till, Chilcotin basalt flows, and saprolite. The gold grade is relatively uniform without erratic high-grade outliers, ranging from 0.44 to 17.10 g/t across 35 core samples. The company has received laboratory analyses for Holes 056 to 058 and plans to release these results in early 2024.
Tower Resources (TSXV: TWR) ha riportato i risultati completi delle analisi sull'oro del foro di scoperta Blue Sky RN24-055, situato nel proprietà Rabbit North nel distretto minerario di Kamloops. L'intersezione principale Blue Sky ha restituito 4.15 g/t di Au su 31.5 metri, con sette ulteriori zone aurifere scoperte sopra di essa. Tra queste, una zona particolarmente significativa ha restituito 2.92 g/t su 9.0 metri, situata a soli 15 metri sopra Blue Sky.
La mineralizzazione si trova sotto circa 63 metri di copertura, inclusi detriti glaciali, flussi di basalto Chilcotin e saprolite. Il grado d’oro è relativamente uniforme, senza valori anomali di alta qualità, variando da 0.44 a 17.10 g/t in 35 campioni di carota. L'azienda ha ricevuto le analisi di laboratorio per i Fori 056 a 058 e prevede di pubblicare questi risultati all'inizio del 2024.
Tower Resources (TSXV: TWR) ha dado a conocer los resultados completos del análisis de oro del pozo de descubrimiento Blue Sky RN24-055 en la propiedad Rabbit North, en el distrito minero de Kamloops. La intersección principal Blue Sky arrojó 4.15 g/t de Au sobre 31.5 metros, con siete zonas adicionales de oro descubiertas por encima de ella. Notable entre estas, hay una zona que retorna 2.92 g/t sobre 9.0 metros, ubicada a solo 15 metros por encima de Blue Sky.
La mineralización se encuentra bajo aproximadamente 63 metros de cobertura, incluidos till glacial, flujos de basalto Chilcotin y saprolita. El grado de oro es relativamente uniforme, sin valores erráticos de alta ley, oscilando de 0.44 a 17.10 g/t en 35 muestras de núcleo. La empresa ha recibido análisis de laboratorio para los Pozos 056 a 058 y planea publicar estos resultados a principios de 2024.
타워 리소스 (TSXV: TWR)는 캠룹스 광구의 래빗 노스 속성에서 블루 스카이 발견 구멍 RN24-055의 금 분석 결과를 발표했습니다. 주요 블루 스카이 교차점에서는 31.5미터에 걸쳐 4.15 g/t Au가 발생했으며, 그 위에 추가로 발견된 금 성층이 7개 있습니다. 이중 특히 주목할 만한 구역은 블루 스카이에서 단 15미터 위에 위치한 9.0미터에 2.92 g/t를 반환했습니다.
광물화는 약 63미터의 덮개 아래에서 발생하며, 빙하 고형물, 칠코틴 현무암 흐름 및 사프로라이트가 포함됩니다. 금 등급은 비교적 균일하여 일정치 않은 고도 양호값은 없으며, 35개의 코어 샘플에서 0.44에서 17.10 g/t까지 다양합니다. 회사는 056에서 058번 구멍에 대한 실험실 분석 결과를 받았으며, 2024년 초에 이 결과를 발표할 계획입니다.
Tower Resources (TSXV: TWR) a rapporté les résultats complets des analyses d'or du trou de découverte Blue Sky RN24-055 sur la propriété Rabbit North dans le district minier de Kamloops. L'intersection principale Blue Sky a donné 4,15 g/t Au sur 31,5 mètres, avec sept zones aurifères supplémentaires découvertes au-dessus. Notable parmi celles-ci, une zone retournant 2,92 g/t sur 9,0 mètres se situe à seulement 15 mètres au-dessus de Blue Sky.
La minéralisation se trouve sous environ 63 mètres de couverture, incluant des tills glaciaires, des coulées de basalte Chilcotin et du saprolite. Le taux d'or est relativement uniforme, sans anomalies de haute teneur, variant de 0,44 à 17,10 g/t sur 35 échantillons de carottes. La société a reçu les analyses de laboratoire pour les forages 056 à 058 et prévoit de publier ces résultats début 2024.
Tower Resources (TSXV: TWR) hat die vollständigen Goldanalysen aus dem Entdeckungsloch Blue Sky RN24-055 im Rabbit North-Gebiet im Bergbaugebiet Kamloops bekannt gegeben. Die HauptBlue Sky-Schnitte ergaben 4,15 g/t Au über 31,5 Meter, wobei sieben zusätzliche Goldzonen oberhalb davon entdeckt wurden. Besonders bemerkenswert ist eine Zone, die 2,92 g/t über 9,0 Meter zurückgibt und nur 15 Meter über Blue Sky liegt.
Die Mineralisierung tritt unter etwa 63 Metern Überdeckung auf, einschließlich Gletschertill, Chilcotin-Basaltströme und Saprolit. Der Goldgehalt ist relativ einheitlich und hat keine unberechenbaren Hochgrad-Ausreißer, die Werte variieren zwischen 0,44 und 17,10 g/t über 35 Kernproben. Das Unternehmen hat die Laboranalysen für die Löcher 056 bis 058 erhalten und plant, diese Ergebnisse Anfang 2024 zu veröffentlichen.
- Blue Sky discovery hole intersected significant gold mineralization of 4.15 g/t Au over 31.5m
- Seven additional gold zones discovered, including 2.92 g/t Au over 9.0m
- Consistent gold grades without erratic variations (0.44-17.10 g/t)
- Mineralization shows potential for both open pit and underground development
- Absence of arsenic and other deleterious elements in the mineralization
- Copper presence may increase gold extraction costs
- Significant overburden (63m) above mineralization
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report complete gold assays from Blue Sky discovery hole RN24-055 on the Rabbit North property in the heart of the Kamloops mining district (see Fig. 1). These assays confirm earlier indications from partial assays (see October 31 press release) that Blue Sky is Tower's most illuminating discovery to date, revealing both the scale and Au grade potential of the gold structures.
Hole 055 Au Results
The Blue Sky intersection in Hole 055 spans 31.5 m, from 255 to 286.5 m down hole, and averages 4.15 g/t Au (see Table 1). Seven other gold zones, all diorite hosted like Blue Sky, were intersected higher in the hole, and all but one of the intervals between zones are highly anomalous, suggesting potential for both open pit and underground development. The closest zone, only 15 m above and potentially connected to Blue Sky, returned 2.92 g/t over 9.0 metres.
At Hole 55 the diorite occurs under ~63 m (vertical thickness) of cover comprised of 1 m of glacial till, 48 m of Chilcotin basalt flows (see Fig. 2) and 14 m of saprolite. However, the extremely high gold grain content of the till ~100 m to the south (i.e. down-ice) at the head of the Dominic Lake gold dispersal train (see Fig. 3) suggests that Blue Sky surfaces just north of the basalt.
The diorite immediately below the saprolite, 72.6 m down-hole, and in six of the seven intervals between gold zones, is highly anomalous, typically averaging ~0.3 g/t Au - a common cut-off grade in open pit gold mines.
| Total Depth (m) | Mineralized Interval(s) | Average Au Grade (g/t) | |||||||||
| Hole No. | Easting (m) | Northing (m) | Azimuth (°) | Dip (°) | Mineralized Zone(s) | From (m) | To (m) | Length (m) | |||
| RN24-055 | 663433 | 5607852 | 314.7 | -60 | 332 | Above Blue Sky | 79.0 | 83.0 | 4.0 | 2.05 | |
| Above Blue Sky | 92.3 | 95.0 | 2.7 | 3.15 | |||||||
| Above Blue Sky | 121.5 | 123.3 | 1.8 | 8.48 | |||||||
| Above Blue Sky | 152.8 | 155.5 | 2.8 | 1.80 | |||||||
| Above Blue Sky | 196.4 | 198.0 | 1.6 | 4.66 | |||||||
| Above Blue Sky | 201.0 | 211.6 | 10.6 | 1.54 | |||||||
| Above Blue Sky | 231.0 | 240.0 | 9.0 | 2.92 | |||||||
| Blue Sky | 255.0 | 286.5 | 31.5 | 4.15 | |||||||
| Including | 278.7 | 279.7 | 1.0 | 17.10 | |||||||
Table 1 - Significant gold intercepts of the shear-hosted type from Hole 55. Samples with Au grades greater than 15 g/t are shown individually. True widths have not been determined.
Figure 2 - Location of the new Blue Sky gold zone relative to the Thunder and Lightning Au trends and the Durand Stock. The Au grade x metres value for significant Au intersections in previous drill holes are used by Tower for exploration targeting only; they are not indicative of the economic potential of the mineralization.
To view an enhanced version of this graphic, please visit:
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In addition to its attractive width and grade, the Blue Sky mineralization is of a favoured type. Both the upper and lower contacts are easily recognizable visually. The gold grade is relatively uniform and not influenced by erratic high-grade "outliers"; the highest and lowest Au grades obtained from 35 core samples spanning the 31.5 m zone were 17.10 and 0.44 g/t, respectively. Arsenic and other deleterious elements are absent.
The highest Cu value,
Overdue Hole 053 Au Results
Hole 53 was drilled in Tower's earlier June drilling program but the core could not be cut at that time because the core saw failed and required significant repairs. The core was cut and assayed during the October campaign, along with that from Hole 052 on the Rainbow porphyry Cu-Au-Mo zone and new Holes 055 to 058.
Hole 053 was drilled near the apparent head of the Dominic Lake Train (see Fig. 3) in search of its bedrock source. With Hole 055 subsequently locating the source, it is now apparent that Hole 053 was collared too far south. The hole did not intersect any significant gold zones but was only 147 m long, leaving a 100 m untested gap between its termination and the top of the mineralized diorite in Hole 055.
Next Steps
The laboratory analyses for Holes 056 to 058 have now been received and are being evaluated. The Company expects to release these results early in the new year, probably in two batches starting with Hole 056 on Thunder North because Holes 057 and 058 targeted a different trend, Thunder-Lightning, as outlined in the Company's October 31 news release.
Methods and Qualified Person
The drill core was logged at Tower's leased, fully equipped core facility near Kamloops by Matthew Husslage, P.Geo. and Ryan Parsons, G.I.T. Mr. Husslage has managed or co-managed all of Tower's Rabbit North diamond drilling programs since the discovery of the Lightning Zone in December 2021.
Split samples of the core, generally 1.0 or 1.5 m in length, were delivered directly to Activation Laboratories (ActLabs) in Kamloops, BC, a laboratory certified as ISO/IEC 17025 Accredited (Lab 790) by the Standards Council of Canada. QA/QC samples including blanks and standards were inserted regularly into the sample sequence at a ratio of approximately 1:20.
The samples were 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. Any over-limit (>5 g/t) Au analyses were repeated using the same fire assay procedure but with a gravimetric rather than ICP finish.
The technical content of this news release has been reviewed and approved by Stuart Averill, P.Geo., a director of the Company and a Qualified Person as defined by National Instrument 43-101.
About Tower Resources
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, all in B.C., are the Rabbit North orogenic gold and porphyry copper-gold project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district, the Nechako porphyry-associated gold-silver project near Artemis' Blackwater project and the More Creek epithermal gold project on the critical "red line" structural zone connecting the mineral deposits of the Golden Triangle.
On behalf of the Board of Directors
Tower Resources Ltd.
Joe Dhami, President and CEO
(778) 996-4730
www.towerresources.ca
Reader Advisory
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1 - Location of the Rabbit North property.
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Figure 3 - Location of the new Blue Sky Au discovery in relation to the Dominic Lake gold grain dispersal train in the glacial till. Blue Sky appears to account for the strong central part of the train.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234837
FAQ
What are the main gold assay results from Tower Resources' (TWRFF) Blue Sky discovery hole?
How many gold zones did Tower Resources (TWRFF) discover in Hole RN24-055?
What is the depth of overburden above the TWRFF Blue Sky gold mineralization?
What are the gold grade ranges in the TWRFF Blue Sky discovery?
