Tower's Big, 250-m Step-Out in Hole 56 at Thunder North Pays Off with a Long, 15.8 m Intersection Averaging 5.80 g/t Gold, Building on Hole 55's 31.5 m of 4.15 g/t Au at Blue Sky
Tower Resources (TSXV: TWR) has reported significant gold assays from Hole RN24-056 at the Thunder North gold zone on its Rabbit North property. The hole intersected 15.85 meters of continuous gold mineralization averaging 5.80 g/t Au, including high-grade intervals of 4.5m averaging 13.97 g/t Au and 4.35m averaging 5.70 g/t Au.
The results extend the Thunder North discovery 250 meters along strike to the east at double the gold grade of the 2023 discovery intersection. This follows the recent success at the Blue Sky Zone, where Hole 055 discovered 31.5m averaging 4.15 g/t Au. The company has made three new discoveries of successively higher Au grades in just 36 holes totaling 10,000m.
The mineralization shows elevated bismuth and tellurium levels, indicating a second, lower-temperature mineralizing event that upgraded the initial gold mineralization. Tower plans to commence follow-up drilling in March, taking advantage of the property's year-round accessibility.
Tower Resources (TSXV: TWR) ha riportato importanti risultati di analisi di oro dal foro RN24-056 nella zona aurifera Thunder North nella sua proprietà Rabbit North. Il foro ha intersecato 15,85 metri di mineralizzazione aurifera continua con una media di 5,80 g/t Au, inclusi intervalli ad alta grado di 4,5m con una media di 13,97 g/t Au e 4,35m con una media di 5,70 g/t Au.
I risultati estendono la scoperta di Thunder North di 250 metri lungo la direzione est, con un grado di oro doppio rispetto all'intersezione di scoperta del 2023. Questo segue il recente successo nella Zona Blue Sky, dove il foro 055 ha scoperto 31,5m con una media di 4,15 g/t Au. L'azienda ha effettuato tre nuove scoperte con gradi di Au progressivamente più alti in sole 36 perforazioni per un totale di 10.000m.
La mineralizzazione mostra livelli elevati di bismuto e tellurio, indicando un secondo evento mineralizzante a temperatura più bassa che ha migliorato la mineralizzazione aurifera iniziale. Tower prevede di avviare perforazioni di follow-up a marzo, approfittando dell'accessibilità della proprietà durante tutto l'anno.
Tower Resources (TSXV: TWR) ha reportado análisis significativos de oro del agujero RN24-056 en la zona aurífera Thunder North de su propiedad Rabbit North. El agujero intersectó 15,85 metros de mineralización continua de oro con un promedio de 5,80 g/t Au, incluyendo intervalos de alta ley de 4,5m que promedian 13,97 g/t Au y 4,35m que promedian 5,70 g/t Au.
Los resultados amplían el descubrimiento de Thunder North 250 metros hacia el este, con el doble de la ley de oro de la intersección del descubrimiento de 2023. Esto sigue el reciente éxito en la Zona Blue Sky, donde el agujero 055 descubrió 31,5m con un promedio de 4,15 g/t Au. La empresa ha hecho tres nuevos descubrimientos con leyes de Au progresivamente más altas en solo 36 agujeros que suman 10,000m.
La mineralización muestra niveles elevados de bismuto y telurio, indicando un segundo evento mineralizador a menor temperatura que mejoró la mineralización aurífera inicial. Tower planea comenzar perforaciones de seguimiento en marzo, aprovechando la accesibilidad de la propiedad durante todo el año.
타워 리소스 (TSXV: TWR)는 자사의 래빗 노스 소유지에 위치한 썬더 노스 금존의 RN24-056 구멍에서 중요한 금 분석 결과를 보고했습니다. 이 구멍은 5.80 g/t Au로 평균화된 15.85 미터의 연속 금 광물화를 포함하고 있으며, 그 중 고품질 구간 4.5m의 평균은 13.97 g/t Au, 4.35m의 평균은 5.70 g/t Au입니다.
결과는 썬더 노스 발견을 동쪽으로 250 미터 확장했으며, 2023년 발견 교차구간의 두 배 금 등급을 보여줍니다. 이는 최근 블루 스카이 존에서 055 구멍이 31.5m의 평균 4.15 g/t Au를 발견한 후의 일입니다. 회사는 단 36개의 구멍에서 총 10,000m에서 점진적으로 높은 Au 등급의 세 가지 새로운 발견을 했습니다.
광물화는 비스무트와 텔루륨 수준이 높아, 초기 금 광물화를 업그레이드한 두 번째, 저온 광물화 이벤트를 나타냅니다. 타워는 연중 내내 접근 가능한 성질을 이용하여 3월에 후속 드릴링을 시작할 계획입니다.
Tower Resources (TSXV: TWR) a rapporté des analyses d'or significatives provenant du trou RN24-056 dans la zone aurifère Thunder North de sa propriété Rabbit North. Le trou a intersecté 15,85 mètres de minéralisation aurifère continue avec une moyenne de 5,80 g/t Au, y compris des intervalles de haute qualité de 4,5m ayant une moyenne de 13,97 g/t Au et de 4,35m ayant une moyenne de 5,70 g/t Au.
Les résultats étendent la découverte de Thunder North de 250 mètres vers l'est, à un taux d'or deux fois supérieur à celui de l'intersection de découverte de 2023. Cela fait suite au récent succès dans la zone Blue Sky, où le trou 055 a découvert 31,5m avec une moyenne de 4,15 g/t Au. L'entreprise a réalisé trois nouvelles découvertes avec des teneurs en Au progressivement plus élevées en seulement 36 forages totalisant 10 000m.
La minéralisation présente des niveaux élevés de bismuth et de tellure, indiquant un second événement de minéralisation à température plus basse qui a amélioré la minéralisation initiale de l'or. Tower prévoit de commencer des forages de suivi en mars, tirant parti de l'accessibilité de la propriété tout au long de l'année.
Tower Resources (TSXV: TWR) hat bedeutende Goldanalysen aus Bohrloch RN24-056 in der Goldzone Thunder North auf seinem Grundstück Rabbit North gemeldet. Das Bohrloch schnitt 15,85 Meter kontinuierliche Goldmineralisierung mit einem Durchschnitt von 5,80 g/t Au, einschließlich hochwertiger Intervalle von 4,5m mit einem Durchschnitt von 13,97 g/t Au und 4,35m mit einem Durchschnitt von 5,70 g/t Au.
Die Ergebnisse erweitern die Entdeckung von Thunder North um 250 Meter nach Osten bei der doppelten Goldgehalts der Entdeckungsintersektion 2023. Dies folgt dem jüngsten Erfolg in der Blue Sky Zone, wo Bohrloch 055 31,5m mit einem Durchschnitt von 4,15 g/t Au entdeckte. Das Unternehmen hat in nur 36 Bohrungen mit insgesamt 10.000m drei neue Entdeckungen mit jeweils höheren Au-Gehalten gemacht.
Die Mineralisierung zeigt erhöhte Werte von Bismut und Tellur, was auf ein zweites mineralisierendes Ereignis bei niedrigerer Temperatur hinweist, das die ursprüngliche Goldmineralisierung aufgewertet hat. Tower plant, im März mit Follow-up-Bohrungen zu beginnen, um die ganzjährige Zugänglichkeit des Grundstücks zu nutzen.
- Significant gold intersection of 15.85m @ 5.80 g/t Au in Hole 056
- 250m extension of Thunder North zone with doubled gold grade
- High-grade intervals including 0.75m of 65.30 g/t Au
- Three new discoveries made in just 36 holes
- Year-round property accessibility for continuous exploration
- Rainbow Zone shows surface footprint
- Holes 050 and 052 encountered only spotty Cu-Au-Mo mineralization
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report complete gold assays from Hole RN24-056 on the Thunder North gold zone on the Company's Rabbit North property in the heart of the Kamloops mining district (see Fig. 1). These assays extend the Thunder North discovery 250 m along strike to the east at double the gold grade of the 2023 discovery intersection.
Hole 056 Au Results
Hole 056 was the second hole of Tower's four-hole October 2024 diamond drilling program. It was drilled ~250 m east along strike from Hole 039, Tower's 2023 discovery hole on the Thunder North Zone, to test for possible continuation of the gold mineralization beyond a disruptive monzonite dyke 50 m east of Hole 039 (see Fig. 2).
Hole 056 successfully intersected 15.85 m of continuous gold mineralization averaging 5.80 g/t Au between 139.5 and 155.35 m down-hole (see Table 1). The overall 15.85 m gold zone is bookended by higher grade intervals of 4.5 m averaging 13.97 g/t Au at the top of the section, including 0.75 m of 65.30 g/t Au, and 4.35 m averaging 5.70 g/t Au at the bottom of the section.
Together with Hole 055 which discovered the new Blue Sky Zone ~1 km to the northeast with an initial intersection of 31.5 m averaging 4.15 g/t Au overlain by 158 m (vertical thickness) of highly anomalous to significantly mineralized diorite averaging 0.75 g/t Au (see December 23 press release), Hole 056 demonstrates how quickly Tower is building a significant gold resource at Rabbit North. Only 36 holes totaling 10,000 m have been drilled, with only half exploring outside Tower's original 2021 Lightning Zone discovery yet delivering three new discoveries of successively higher Au grades.
| Total Depth (m) | Mineralized Interval(s) | Average Au Grade | ||||||||
| Hole No. | Easting | Northing | Azimuth | Dip | Mineralized Zone(s) | From | To (m) | Length | ||
| RN24-056 | 663014 | 5607544 | 143.0 | -60 | 200 | Thunder North | 139.50 | 155.35 | 15.85 | 5.80 |
| Including | 139.50 | 144.00 | 4.50 | 13.97 | ||||||
| Including | 139.50 | 140.25 | 0.75 | 65.30 | ||||||
| Including | 151.00 | 155.35 | 4.35 | 5.70 | ||||||
Table 1 - Significant gold intercepts of the shear-hosted type from Hole 56. Samples with Au grades greater than 15 g/t are shown individually. True widths have not been determined.
Figure 2 - Location of Hole 056 relative to discovery Hole 039 on the Thunder North gold zone and Hole 055 on the new Blue Sky Zone. 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.
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The mineralized shear zone at Thunder North, like those at Thunder and Lightning, is hosted by andesitic volcaniclastic rocks, primarily fine ash and lapilli tuffs, whereas the shear zones hosting both Blue Sky and a historical 39.7 m intersection averaging 1.75 g/t Au in a 1990 drill hole 1.5 m east of Blue Sky (see Fig. 2) occur within the Durand Stock. In Hole 056 at Thunder North the very high-grade, 65.3 g/t Au interval at the top of the gold zone (see Table 1) is of particular interest because the core also contains
Overdue Holes 050 and 052 Results
Holes 050 and 052 were drilled in Tower's earlier June 2024 drilling program to follow up the Rainbow porphyry Cu-Au-Mo zone that Tower discovered in Holes 041 and 042 in 2023 (see Fig. 3). The drill crew only started coring Hole 050 at a depth of 85 m, after passing through the Chilcotin cover basalt flows (see Figs. 2, 3) and upper, saprolitized part of the underlying volcaniclastic section. Hole 052 was drilled beside and below Hole 050 to obtain core from the basalt and saprolite and overlap with the top of the cored volcaniclastic section of Hole 050. However, the Hole 052 core could not be cut during the June drilling campaign because the core saw failed and required significant repairs. Instead, it was cut and assayed during the October campaign.
Both holes intersected only spotty Cu-Au-Mo mineralization rather than the continuous mineralization encountered in the 2023 discovery holes. This indicates that the Rainbow Zone, which is hosted by a magmatic-hydrothermal breccia having a very fine-grained and strongly magnetic diorite matrix, has a limited surface footprint (below the cover basalt) typical of a breccia pipe rather than being of broad extent as suggested by the large, coincident magnetic anomaly (see Fig. 3).
Follow-Up Drilling Planned
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. The Rabbit North property is accessible year-round and Tower plans to commence drilling in March.
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 - Locations of Tower's June 2024 holes No. 050 and 052 relative to the Rainbow porphyry Cu-Au-Mo zone and Rainbow discovery Holes 041 and 042.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236405
FAQ
What are the latest gold assay results from Tower Resources' (TWRFF) Hole RN24-056?
How far does the new drilling extend the Thunder North gold zone for TWRFF?
What were the Blue Sky Zone results in Hole 055 for Tower Resources (TWRFF)?
When will Tower Resources (TWRFF) begin its follow-up drilling program?
What are the findings regarding the Rainbow Zone mineralization for TWRFF?
