Tower Completes First Phase of 2024 Drilling Program at Rabbit North, Prepares for Larger Follow-Up Drilling Campaign in September
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 (TSXV: TWR) ha completato la prima fase del suo programma di perforazione 2024 presso la Rabbit North property nel distretto minerario di Kamloops. La campagna ha incluso 1015 m distribuiti su cinque fori di perforazione, mirati a potenziali estensioni della scoperta di porfido Cu-Au-Mo Rainbow e tre obiettivi Au ospitati in shear. Punti salienti:
- I fori 050 e 052 hanno testato l'estensione nord-ovest della scoperta Rainbow
- I fori 051, 053 e 054 hanno mirato a zone Au ospitate in shear
- Il campione dei primi tre fori è stato inviato per analisi
- È prevista una campagna di perforazione di follow-up più ampia, fino a dieci fori, per metà settembre
La società sta impiegando rigorosi protocolli di QA/QC, con campioni analizzati per Au tramite assaggio al fuoco e ICP-OES, e per Ag e 36 elementi aggiuntivi tramite ICP-OES utilizzando una digestione a quattro acidi, quasi totale.
Tower Resources (TSXV: TWR) ha completado la primera fase de su programa de perforación 2024 en la Rabbit North property en el distrito minero de Kamloops. La campaña incluyó 1015 m a través de cinco pozos de perforación, enfocados en extensiones potenciales del descubrimiento de porfido Cu-Au-Mo Rainbow y tres objetivos de Au alojados en fallas. Puntos destacados:
- Los pozos 050 y 052 probaron la extensión noroeste del descubrimiento Rainbow
- Los pozos 051, 053 y 054 se enfocaron en zonas de Au alojadas en fallas
- El núcleo de los primeros tres pozos ha sido enviado para análisis
- Se planea una campaña de perforación de seguimiento más grande de hasta diez pozos para mediados de septiembre
La empresa está utilizando estrictos protocolos de QA/QC, con muestras analizadas para Au mediante ensayo al fuego e ICP-OES, y para Ag y 36 elementos adicionales mediante ICP-OES utilizando una digestión cuaternaria, casi total.
타워 리소스 (TSXV: TWR)는 카무룹스 광산 지구에 위치한 래빗 노스 속성에서 2024년 굴착 프로그램의 첫 번째 단계를 완료했습니다. 이 캠페인은 레인보우 구리-금-몰리브덴 발견의 잠재적 확장과 세 가지 전단 hosted 금 목표를 겨냥하여 다섯 개의 굴착 홀에서 총 1015m를 포함했습니다. 주요 하이라이트:
- 홀 050 및 052는 레인보우 발견의 북서쪽 확장을 테스트했습니다.
- 홀 051, 053 및 054는 전단 hosted 금 구역을 목표로 했습니다.
- 처음 세 홀의 코어가 분석을 위해 제출되었습니다.
- 9월 중순에 최대 열 개의 홀에 대한 대규모 후속 굴착 캠페인이 계획되어 있습니다.
회사는 엄격한 QA/QC 프로토콜을 적용하고 있으며, Au는 화재 분석 및 ICP-OES를 통해 분석되고, Ag와 36개의 추가 요소는 네 가지 산으로 난소화된 거의 완전한 방법으로 ICP-OES를 통해 분석됩니다.
Tower Resources (TSXV: TWR) a achevé la première phase de son programme de forage 2024 sur la propriété Rabbit North dans le district minier de Kamloops. La campagne a inclus 1015 m sur cinq forages, ciblant des extensions potentielles de la découverte de porphyre Cu-Au-Mo Rainbow et trois cibles d'or hébergées dans des failles. Points forts :
- Les forages 050 et 052 ont testé l’extension nord-ouest de la découverte Rainbow
- Les forages 051, 053 et 054 ciblaient des zones d’or hébergées dans des failles
- Le noyau des trois premiers forages a été soumis pour analyse
- Une campagne de forage de suivi plus importante, de jusqu'à dix forages, est prévue pour la mi-septembre
L'entreprise utilise des protocoles stricts en matière d'QA/QC, les échantillons étant analysés pour l’or par essai à feu et ICP-OES, et pour l’argent et 36 éléments supplémentaires par ICP-OES en utilisant une digestion à quatre acides, presque totale.
Tower Resources (TSXV: TWR) hat die erste Phase seines Bohrprogramms 2024 auf dem Rabbit North-Gelände im Bergbaubezirk Kamloops abgeschlossen. Die Kampagne umfasste 1015 m über fünf Bohrlöcher, die auf mögliche Erweiterungen der Rainbow-Porphyr-Cu-Au-Mo-Entdeckung und drei scherenhaltige Au-Ziele abzielten. Wichtige Highlights:
- Die Löcher 050 und 052 testeten die nordwestliche Erweiterung der Rainbow-Entdeckung
- Die Löcher 051, 053 und 054 zielten auf scherenhaltige Au-Zonen ab
- Der Kern der ersten drei Löcher wurde zur Analyse eingereicht
- Für Mitte September ist eine umfangreichere Follow-up-Bohrkampagne von bis zu zehn Löchern geplant
Das Unternehmen wendet strenge QA/QC-Protokolle an, wobei Proben auf Au durch Brandanalyse und ICP-OES und auf Ag sowie 36 weitere Elemente durch ICP-OES unter Verwendung einer vier-säure, nahezu totalen Verdauung analysiert werden.
- Completion of Phase I drilling program with 1015 m across five drill holes
- Targeting potential extensions of the Rainbow porphyry Cu-Au-Mo discovery
- Exploration of three shear-hosted Au targets
- Planned larger follow-up drilling campaign of up to ten holes for mid-September
- Implementation of strict QA/QC protocols for sample analysis
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that it has completed the first phase of its planned 2024 drilling program on the Rabbit North property in the heart of the Kamloops mining district (see Fig. 1) and is planning a larger Phase II follow-up campaign for mid-September.
Phase I Drill Program
The Phase I campaign comprised 1015 m in five drill holes, Nos. RN24-050 to 054.
Holes 050 and 052 tested for a possible northwestern extension of the favourable magmatic-hydrothermal breccia body (see Fig. 2) that hosts last year's Rainbow porphyry Cu-Au-Mo discovery (72.0 m grading
Holes 051, 053 and 054 tested three of the four shear-hosted Au targets that are the main focus of the 2024 drilling program (see press release of May 23, 2024).
Hole 051 targeted the southern shear trend between the Thunder and Lightning Zones. It was designed to cross the east-northeast trending shear zone ~150 m east of last year's Thunder discovery hole RN23-041, which encountered two strongly mineralized intervals 10 m apart averaging 3.28 g/t Au over 13.25 m and 2.19 g/t Au over 10.12 m, and 300 m west of the Lightning Zone which has been intersected in six holes over core lengths of 26.5 to 138.0 m at an average grade of ~1.5 g/t Au (see Fig. 3).
Hole 052 targeted the central shear trend ~200 m northeast of the Lightning Zone (see Fig. 2) as a potential source for the eastern part of the Dominic Lake gold grain dispersal train (see press release of April 25, 2024). Hole 053 targeted the same shear trend ~60 m west along strike from last year's Thunder North discovery hole RN23-039, which intersected 25.7 m @ 2.04 g/t Au.
The core from Holes 050 to 052 has been cut and submitted for analysis; the remaining core will be submitted as a separate batch.
Next Steps
Based in part on Lightning-type shearing and alteration observed in the drill core, a larger follow-up drilling campaign of up to ten holes is planned for mid-September.
Methods and Qualified Person
The drill core is being logged at Tower's leased, fully equipped core facility near Kamloops by Matthew Husslage, P.Geo. and Sean Jubinville, 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, are being 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 are inserted regularly into the sample sequence at a ratio of approximately 1:20.
The samples are being 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 are 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 copper-gold porphyry 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.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5023/221062_cbb8068d04eeaade_002full.jpg
Figure 2 - Locations of Holes 050 to 054 relative to the five targets of the 2024 drilling program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5023/221062_cbb8068d04eeaade_003full.jpg
Figure 3 - Block model of the shear-hosted Thunder, Thunder North and Lightning Au zones. The Au component of the Rainbow porphyry Cu-Au zone is included.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5023/221062_cbb8068d04eeaade_004full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221062
FAQ
What is the status of Tower Resources' 2024 drilling program at Rabbit North?
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