Welcome to our dedicated page for Tower Res news (Ticker: TWRFF), a resource for investors and traders seeking the latest updates and insights on Tower Res stock.
Tower Res Ltd (TWRFF) is a Canadian mineral exploration leader focused on high-grade gold and copper-gold projects in British Columbia's Kamloops region. This page serves as the definitive source for official updates and analysis on the company's exploration activities, financial developments, and strategic initiatives.
Investors and industry observers will find curated press releases detailing drilling results from key zones like Lightning and Blue Sky, financial reports, and operational milestones from the Rabbit North property. All content undergoes strict verification to ensure alignment with the company's documented QA/QC protocols and technical reporting standards.
The resource emphasizes Tower Res Ltd's core exploration methodologies, including systematic drilling programs and advanced geological modeling techniques. Regular updates cover mineralized zone expansions, assay verification processes, and partnership developments within Canada's mining sector.
Bookmark this page for direct access to Tower Res Ltd's verified exploration updates and financial disclosures. Check regularly for new insights into the company's progress in defining mineral resources through its methodical, science-driven approach.
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.
