Blue Sky Discovery Delivers for Tower as Expected; Hole 55 Intersects 31.5 m of 4.15 g/t Au, Hits Seven Overlying Gold Zones Including 9.0 m of 2.92 g/t Au
Blue Sky Discovery Delivers for Tower as Expected; Hole 55 Intersects 31.5 m of 4.15 g/t Au, Hits
Seven Overlying Gold Zones Including 9.0 m of 2.92 g/t Au
Vancouver, B.C. – December 23, 2024 - Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: TWR)
is pleased to report complete gold assays from Blue Sky discovery hole RN24-055 on the Rabbit North
property in the heart of the Kamloops mining district (see Fig. 1). These assays confirm earlier indications
from partial assays (see October 31 press release) that Blue Sky is Tower’s most illuminating discovery to
date, revealing both the scale and Au grade potential of the gold structures.
Hole 055 Au Results
The Blue Sky intersection in Hole 055 spans 31.5 m, from 255 to 286.5 m down hole, and averages 4.15
g/t Au (see Table 1). Seven other gold zones, all diorite hosted like Blue Sky, were intersected higher in
the hole, and all but one of the intervals between zones are highly anomalous, suggesting potential for
both open pit and underground development. The closest zone, only 15 m above and potentially
connected to Blue Sky, returned 2.92 g/t over 9.0 metres.
At Hole 55 the diorite occurs under ~63 m (vertical thickness) of cover comprised of 1 m of glacial till, 48
m of Chilcotin basalt flows (see Fig. 2) and 14 m of saprolite. However, the extremely high gold grain
content of the till ~100 m to the south (i.e. down-ice) at the head of the Dominic Lake gold dispersal train
(see Fig. 3) suggests that Blue Sky surfaces just north of the basalt.
The diorite immediately below the saprolite, 72.6 m down-hole, and in six of the seven intervals
between gold zones, is highly anomalous, typically averaging ~0.3 g/t Au ‒ a common cut-off grade in
open pit gold mines.
Total
Depth
(m)
Mineralized Interval(s) Average
Au
Grade
(g/t) Hole No.
Easting
(m)
Northing
(m)
Azimuth
(°)
Dip
(°)
Mineralized
Zone(s)
From
(m)
To
(m)
Length
(m)
RN24-
055 663433 5607852 314.7 -60 332 Above Blue Sky 79.0 83.0 4.0 2.05
Above Blue Sky 92.3 95.0 2.7 3.15
Above Blue Sky 121.5 123.3 1.8 8.48
Above Blue Sky 152.8 155.5 2.8 1.80
Above Blue Sky 196.4 198.0 1.6 4.66
Above Blue Sky 201.0 211.6 10.6 1.54
Above Blue Sky 231.0 240.0 9.0 2.92
Blue Sky 255.0 286.5 31.5 4.15
Including 278.7 279.7 1.0 17.10
Table 1 – Significant gold intercepts of the shear-hosted type from Hole 55. Samples with Au grades
greater than 15 g/t are shown individually. True widths have not been determined.
Figure 2 – Location of the new Blue Sky gold zone relative to the Thunder and Lightning Au trends and
the Durand Stock. 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.
In addition to its attractive width and grade, the Blue Sky mineralization is of a favoured type. Both the
upper and lower contacts are easily recognizable visually. The gold grade is relatively uniform and not
influenced by erratic high-grade “outliers”; the highest and lowest Au grades obtained from 35 core
samples spanning the 31.5 m zone were 17.10 and 0.44 g/t, respectively. Arsenic and other deleterious
elements are absent.
The highest Cu value, 1. 96% representing ~5.7% chalcopyrite, was obtained from the coarsely
chalcopyrite-veined section pictured in the October 31 news release. The visual estimate of 10%
chalcopyrite reported for the pyrite-rich core section in the lower part of the gold zone is not supported
by the Cu analyses, with the highest value being 0.25%. Copper is not necessarily a beneficial element in
gold deposits because it can increase gold extraction costs.
Overdue Hole 053 Au Results
Hole 53 was drilled in Tower’s earlier June drilling program but the core could not be cut at that time
because the core saw failed and required significant repairs. The core was cut and assayed during the
October campaign, along with that from Hole 052 on the Rainbow porphyry Cu-Au-Mo zone and new
Holes 055 to 058.
Hole 053 was drilled near the apparent head of the Dominic Lake Train (see Fig. 3) in search of its bedrock
source. With Hole 055 subsequently locating the source, it is now apparent that Hole 053 was collared
too far south. The hole did not intersect any significant gold zones but was only 147 m long, leaving a 100
m untested gap between its termination and the top of the mineralized diorite in Hole 055.
Next Steps
The laboratory analyses for Holes 056 to 058 have now been received and are being evaluated. The
Company expects to release these results early in the new year, probably in two batches starting with
Hole 056 on Thunder North because Holes 057 and 058 targeted a different trend, Thunder‒Lightning, as
outlined in the Company’s October 31 news release.
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”,
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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
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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.
Figure 3 – Location of the new Blue Sky Au discovery in relation to the Dominic Lake gold grain
dispersal train in the glacial till. Blue Sky appears to account for the strong central part of
the train.