Tower Encounters a New Style of Gold Mineralization with High-Grade Silver in Hole 058 at Rabbit North, Adding to the Exceptional Au Results from Holes 055 and 056
Tower Resources (TWRFF) has reported significant findings from its October drilling program at the Rabbit North property in Kamloops. Hole RN24-058 revealed a new style of gold and high-grade silver mineralization, yielding 1.47 g/t Au and 32.93 g/t Ag over 3.0 meters, along with notable levels of Pb (0.12%) and Zn (0.1%).
This follows previous exceptional results from Hole 055 (31.5 m of 4.15 g/t Au) and Hole 056 (16.4 m @ 5.85 g/t Au). The new mineralization style includes galena and shows characteristics typical of zoned porphyry systems. Hole 057 showed strong gold anomalies throughout its 211-m length, with two sections averaging 0.41 g/t over 24.0 m and 0.51 g/t over 35.3 m.
The company plans to commence follow-up drilling in March after the PDAC Convention, focusing on extending the Thunder Zone and further exploring the promising results from Blue Sky and Thunder North zones.
Tower Resources (TWRFF) ha riportato risultati significativi dal suo programma di perforazione di ottobre presso la proprietà Rabbit North a Kamloops. Il foro RN24-058 ha rivelato un nuovo tipo di mineralizzazione di oro e argento ad alta grade, producendo 1,47 g/t Au e 32,93 g/t Ag su 3,0 metri, insieme a livelli notevoli di Pb (0,12%) e Zn (0,1%).
Questo segue risultati eccezionali precedenti dal foro 055 (31,5 m di 4,15 g/t Au) e dal foro 056 (16,4 m @ 5,85 g/t Au). Il nuovo stile di mineralizzazione comprende galena e mostra caratteristiche tipiche dei sistemi porfirici zonati. Il foro 057 ha mostrato forti anomalie d'oro per tutta la lunghezza di 211 m, con due sezioni che hanno in media 0,41 g/t su 24,0 m e 0,51 g/t su 35,3 m.
L'azienda prevede di iniziare la perforazione di follow-up a marzo dopo la convenzione PDAC, concentrandosi sull'estensione della Thunder Zone e sull'ulteriore esplorazione dei risultati promettenti dalle zone Blue Sky e Thunder North.
Tower Resources (TWRFF) ha informado hallazgos significativos de su programa de perforación de octubre en la propiedad Rabbit North en Kamloops. El pozo RN24-058 reveló un nuevo estilo de mineralización de oro y plata de alta calidad, arrojando 1.47 g/t Au y 32.93 g/t Ag sobre 3.0 metros, junto con niveles notables de Pb (0.12%) y Zn (0.1%).
Esto sigue a resultados excepcionales anteriores del pozo 055 (31.5 m de 4.15 g/t Au) y del pozo 056 (16.4 m @ 5.85 g/t Au). El nuevo estilo de mineralización incluye galena y muestra características típicas de sistemas porfiríticos zonados. El pozo 057 mostró fuertes anomalías de oro a lo largo de sus 211 metros, con dos secciones que promediaron 0.41 g/t sobre 24.0 m y 0.51 g/t sobre 35.3 m.
La empresa planea comenzar la perforación de seguimiento en marzo después de la Convención PDAC, enfocándose en extender la Thunder Zone y explorar más a fondo los prometedores resultados de las zonas Blue Sky y Thunder North.
타워 리소스 (TWRFF)는 캘룸플스에 있는 래빗 노스(Rabbit North) 재산에서 10월 채굴 프로그램의 중요한 발견을 보고했습니다. 홀 RN24-058은 3.0미터 구간에서 1.47g/t Au와 32.93g/t Ag를 포함하는 새로운 스타일의 금 및 고급 은 광체를 드러내었으며, Pb (0.12%)와 Zn (0.1%)의 주목할 만한 수치를 보였습니다.
이는 홀 055 (31.5m에서 4.15g/t Au) 및 홀 056 (16.4m @ 5.85g/t Au)에서의 이전의 뛰어난 결과에 이은 것입니다. 새로운 광체 스타일은 갈레나를 포함하며, 구역화된 포르피리 시스템의 전형적인 특성을 나타냅니다. 홀 057은 211m 길이 전반에 걸쳐 강한 금의 이상치를 보였으며, 24.0m에서 평균 0.41g/t와 35.3m에서 0.51g/t를 기록한 두 개의 구간이 있었습니다.
회사는 PDAC 컨벤션 이후 3월에 후속 채굴을 시작할 계획이며, Thunder Zone의 확장과 Blue Sky 및 Thunder North 구역에서의 유망한 결과를 추가로 탐색하는 데 집중할 예정입니다.
Tower Resources (TWRFF) a rapporté des résultats significatifs de son programme de forage d'octobre sur la propriété Rabbit North à Kamloops. Le trou RN24-058 a révélé un nouveau style de minéralisation d'or et d'argent de haute qualité, produisant 1,47 g/t Au et 32,93 g/t Ag sur 3,0 mètres, ainsi que des niveaux notables de Pb (0,12%) et Zn (0,1%).
Cela fait suite à des résultats exceptionnels précédents du trou 055 (31,5 m à 4,15 g/t Au) et du trou 056 (16,4 m à 5,85 g/t Au). Le nouveau style de minéralisation inclut de la galène et présente des caractéristiques typiques des systèmes porphyriques zonés. Le trou 057 a montré de fortes anomalies d'or sur toute sa longueur de 211 m, avec deux sections moyennant 0,41 g/t sur 24,0 m et 0,51 g/t sur 35,3 m.
L'entreprise prévoit de commencer le forage de suivi en mars après la convention PDAC, en se concentrant sur l'extension de la Thunder Zone et l'exploration plus approfondie des résultats prometteurs des zones Blue Sky et Thunder North.
Tower Resources (TWRFF) hat bedeutende Ergebnisse aus seinem Bohrprogramm im Oktober auf dem Rabbit North Grundstück in Kamloops berichtet. Bohrung RN24-058 offenbarte einen neuen Stil von hochgradiger Gold- und Silbermineralisierung mit 1,47 g/t Au und 32,93 g/t Ag über 3,0 Meter, sowie bemerkenswerte Gehalte an Pb (0,12%) und Zn (0,1%).
Dies folgt auf vorherige außergewöhnliche Ergebnisse von Bohrung 055 (31,5 m mit 4,15 g/t Au) und Bohrung 056 (16,4 m @ 5,85 g/t Au). Der neue Mineralisierungsstil umfasst Galenit und zeigt Merkmale, die typisch für zonierte Porphyrsysteme sind. Bohrung 057 zeigte starke Goldanomalien über die gesamte Länge von 211 m, mit zwei Abschnitten, die 0,41 g/t über 24,0 m und 0,51 g/t über 35,3 m durchschnittlich aufwiesen.
Das Unternehmen plant, im März nach der PDAC-Konvention mit den Nachbohrungen zu beginnen und sich auf die Erweiterung der Thunder Zone sowie die weitere Erkundung der vielversprechenden Ergebnisse aus den Zonen Blue Sky und Thunder North zu konzentrieren.
- New high-grade gold-silver mineralization discovered in Hole 058 (1.47 g/t Au, 32.93 g/t Ag)
- Strong previous results from Hole 055 (31.5 m of 4.15 g/t Au)
- Impressive mineralization in Hole 056 (16.4 m @ 5.85 g/t Au)
- Property is accessible year-round, enabling continuous exploration
- Hole 057 showed lower gold content than mother zone (~0.5 g/t vs ~1.5 g/t average)
- Possible down faulting of western part of Lightning Zone affecting mineralization
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2025) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report the remaining assay results from the four-hole October drilling program on the Company's Rabbit North property in the heart of the Kamloops mining district (see Fig. 1). Hole RN24-058 intersected a new style of gold and high-grade silver mineralization between the Thunder and Lightning Zones, building on the exceptional gold intersections in Hole 055 on the new Blue Sky Zone (31.5 m of 4.15 g/t Au; see December 23, 2024 news release) and Hole 056 on Thunder North (16.4 m @ 5.85 g/t Au; see January 8, 2025 news release).
Hole 058 Au Results
Hole 058 was the fourth and final hole of Tower's four-hole October 2024 diamond drilling program. It was designed to obtain a deeper cut of the 4.17 m zone of high-grade, 6.1 g/t Au mineralization intersected in last June's Hole 051 (see September 26, 2024 news release) midway between the Thunder and Lightning Zones (see Fig. 2).
Hole 058 encountered 3.0 m of visually similar mineralization approximately ~40 m below the Hole 51 intersection (see Fig. 3). The sulphide component of mineralization, however, includes noticeable galena rather than consisting exclusively of pyrite like the usual, orogenic-type Au mineralization intersected in Hole 051. The galena-bearing mineralization is similarly auriferous (1.47 g/t Au; see Table 1) but is most remarkable for its high, 32.93 g/t Ag content. It also contains significant Pb (
| Total Depth (m) | Mineralized Interval(s) | Average Grade | |||||||||||||
| Hole No. | Easting (m) | Northing (m) | Azimuth (°) | Dip (°) | Mineralized Zone(s) | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) | |||
| RN24-057 | 663227 | 5607435 | 337 | -65 | 211.0 | Lightning Offset | 24.0 | 48.0 | 24.0 | 0.41 | |||||
| Lightning Offset | 102.0 | 137.3 | 35.3 | 0.51 | |||||||||||
| RN24-058 | 5607435 | 5607359 | 350 | -75 | 353.0 | Undetermined | 276.5 | 279.5 | 3.0 | 1.47 | 32.93 | 0.12 | 0.10 | ||
Table 1 - Significant gold intercepts from Holes 057 and 058. Samples with Au grades greater than 15 g/t are shown individually. True widths have not been determined.
Figure 3 - Cross section through Holes 051 and 058. View looking east-northeast. The gold zones, quartz-feldspar porphyry dykes and their host shear zones are assumed to be subvertical.
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The Au-Ag-Pb-Zn-Mn-Cd-As-Sb signature observed in Hole 058 is typical of the outermost, lowest temperature veins of zoned porphyry systems, as exemplified by Tower's Nechako Gold property where six such occurrences have been discovered between two historical "hot spot" zones of porphyry Cu and Mo-Co mineralization (see July 20, 2021 news release).
The Hole 058 occurrence is tentatively interpreted to be related to the pre-orogenic (Late Triassic) porphyry Cu-Au mineralization that has historically been targeted at Rabbit North and thus to be unrelated to the orogenic (Latest Jurassic) Au intersection in Hole 051. If, as expected, the shear zone hosting the Hole 051 gold zone is subvertical, Hole 058 may not have been drilled to a sufficient depth to reach the projected down-dip extension of the zone (see Fig. 3).
Hole 057 Results
Hole 057 was drilled on the west side of the northerly trending cross-fault at the west end of the Lightning Zone (see Fig. 2) with the goal of locating the displaced western part of the gold zone. As noted in the Company's October 31, 2024 news release, Hole 057 cut a 94.3 m wide, intermittently (
The Au analyses for the drill core from Hole 057 (see Table 1) show that the entire 211-m drill hole is strongly anomalous in Au, with
In the mother zone east of the fault, several samples from each drill intersection yielded higher, 5 to 25 g/t Au analyses, raising the overall grade to ~1.5 g/t. These peak Au values typically correlate with brecciated and/or quartz-pyrite-veined intervals in the pervasively silicified and pyritized shear zone. This pattern suggests that the initial low-grade gold mineralization has been overprinted and enhanced by one or more subsequent deformational/mineralizing events. The absence of these high-grade Au peaks in Hole 057 suggests possible down faulting of the western part of Lightning Zone from a once structurally higher and thus less strained and mineralized position in the shear zone. Due to the subvertical attitude of the Lightning Zone, lateral (north-south) displacement appears to have been minimal.
Follow-Up Drilling Plans
The exceptional gold results obtained from both Hole 055 at Blue Sky and Hole 056 at Thunder North clearly warrant a major follow-up drilling campaign on these zones. Follow-up drilling is also planned to extend the Thunder Zone eastward and westward from 2023's discovery hole No. 041, where two 13.3 and 10.1 m mineralized intervals just 10 m apart returned attractive gold grades of 3.28 g/t and 2.16 g/t, respectively. The only follow-up holes drilled near Hole 41 were aimed at the older Rainbow porphyry Cu-Au-Mo zone that was intersected up-hole from the Thunder Zone (see April 5, 2023 news release).
The Rabbit North property is accessible year-round and Tower plans to commence drilling in March after the PDAC Convention.
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 2 - "Horsetail" shear zone model for the Rabbit North gold system.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239969
FAQ
What are the latest gold and silver grades reported in Hole 058 at Tower Resources (TWRFF) Rabbit North property?
What were the gold intersections in Holes 055 and 056 at TWRFF's Rabbit North?
What are the results from Hole 057 in TWRFF's latest drilling program?
When will TWRFF begin its follow-up drilling program at Rabbit North?
