Tower Mobilizes Geological Crew to More Creek Project, Golden Triangle, BC
Augu ust 1, 2017 TWR: T TSX Ventur re Exchang ge
NEW WS RELEAS SE
To ower Mobili izes Geologi ical Crew to
- More Cre eek Project, Golden Tri iangle, BC
d., (TSX.V: TWR) ("To
Vanc couver, B.C
C. - Tower R Resources Ltd ower" or the e "Company" ") has c commenced a comprehe ensive explo oration prog gram coverin ng the Comp pany’s 100% % contr rolled More Creek prop perty in the e world clas ss Golden T Triangle min neral distric ct, north hwest British h Columbia.
More e Creek is an n epithermal gold and sil lver prospec ct strategical lly located near the cente er of th he Golden Triangle m mineral distr rict. The p property is proximal t to significan nt infras structure suc ch as Highway 37 and th he newly com mpleted Nor rthern Transm mission Line e, both just 10km east of the property b boundary. M More Creek was acquire ed by Towe er throu ugh staking in n 2016 (see Tower’s Au ugust 16, 201 16 news rele ease).
The 6 6,430 hectar re project is 55km north h of the Bruc cejack proje ect (9.1 milli ion ounces o of old1) current gold at an averag ge grade of 17.2 grams p per tonne go tly under co onstruction b by Pretiu um Resource es. Other sig gnificant dev velopment pr rojects in the e immediate area include e; Seabr ridge Gold’s s KSM deposit, Teck Re esources’ and d Nova Gold d’s Galore C Creek deposit ts and Imperial Met tal’s Red Ch hris mine.
Explo oration by T Tower in 20 016 consiste ed of the co ollection of r rock-chip sa amples at th he Sinter Zone and stream sedi iment sampl les in the cr reeks drainin ng the Sinte er and Loga an Ridge e zones (see Tower’s De ecember 6, 2 2016 press re elease). High hly anomalo ous gold grai in and indicator m mineral coun nts in stream m sediments s coupled w with elevate ed pathfinde er eleme ents in rock k-chip sampl les, and high h-level epith hermal textu ures identifie ed in outcro op were considered d significan nt and war rranted syst tematic foll low-up. P Property-wid de geolo ogical mapp ping, prospe ecting, and geochemica al soil, roc ck and stream sedimen nt samp pling program m will be un ndertaken. T The 2017 pr rogram is de esigned to in nvestigate th he sourc ce of the gol ld sampled i in the prelim minary stream m sediment survey and d to develop a stronger geologic cal and structural model for the prop perty.
1. Pre etium Resou urces July 2 21st, 2016 P Press Releas se
Appointment of Corporate Secretary
The Company is pleased to announce the appointment of Mrs. Leah Hodges as Corporate Secretary of the Company. Mrs. Hodges has over thirteen years’ of experience in corporate compliance and administration of public and private companies, specializing in corporate, commercial and securities law, corporate governance, mergers and acquisitions. Mrs. Hodges is a Commissioner for Taking Affidavits in British Columbia, has an Associate of Arts degree from Capilano University and is a member of the Governance Professionals of Canada and Institute of Corporate Directors.
Disclosure
The technical content of this news release has been reviewed and approved by Paola Chadwick, P.Geo., Exploration Manager for the company and qualified person as defined by National Instrument 43-101.
About Tower Resources Ltd.
Tower Resources Ltd. (TWR.V) is a Vancouver based junior mineral exploration company focused on the discovery and advancement of economic mineral projects, primarily in British Columbia. The company’s key exploration assets are Rabbit North, Nechako Gold and More Creek.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President (604) 558-2565 [email protected] www.towerresources.ca
Forward-Looking Statement Caution
This news release contains certain “forward-looking statements”, as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and Tower's plans and objectives to differ materially from those expressed in the forward-looking information. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.