Tower Adopts Structural Model Connecting the Widespread Orogenic Gold Mineralization Intersected at Rabbit North and Prepares to Drill Systematically through 2024
Tower Adopts Structural Model Connecting the Widespread Orogenic Gold Mineralization Intersected
at Rabbit North and Prepares to Drill Systematically through 2024
Vancouver, B.C. – April 25, 2024 - Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: TWR) is
pleased to report that it has recognized a key structural link between the widely spaced Lightning, Thunder
and other orogenic Au zones intersected on its Rabbit North property in the heart of the Kamloops mining
district (see Fig. 1), enabling the Company to develop a systematic drilling program for the property
through 2024.
Orogenic Gold Model
Tower’s first discovery of gold mineralization of the shear-hosted, Cu-free orogenic type at Rabbit North,
the Lightning Zone, and historical Au occurrences of the same type that that were inadvertently
intersected in a few of the many historical holes that were drilled on the Durand Stock in search of
porphyry Cu-Au mineralization, are roughly coincident with an ENE trending fault (see Fig. 2) that is
recognizable magnetically. The mineralized part of this fault in the stock appears to be <50 m wide
whereas the Au intersections that Tower has since obtained from the volcaniclastic rocks west of the Stock
are spread over a 300-m-wide corridor extending from the Lightning Zone northward to a third historical
intersection beneath the young Chilcotin basalt flows that cover much of the fertile corridor.
In Figure 2, the significant orogenic-type Au intercepts (i.e. those with no associated Cu) from both
Tower’s drill holes and the historical holes (see Table 1) are highlighted as g/t Au x metres dots, with a
threshold of 10 g-m (equivalent to 1 g/t Au over 10 m or 10 g/t over 1 m). The distribution of these Au
intercepts indicates that the segment of auriferous fault in the Nicola volcanics has at least three branches,
with the Lightning and Thunder Zones Au lying on the South Branch, Thunder North on the Central Branch
and the historical basalt-covered intersection on the North Branch. Importantly, the highest Au
concentration outside the Lightning Zone is on the Central Branch immediately west of the stock and
directly up-ice from the east-central part of the Dominic Lake gold grain dispersal train, suggesting that
this area is the long-sought main source of the train.
The indicated structural model is a conventional one wherein a narrow compression fault in competent
rocks (the Durand Stock) broadens to a more permeable extensional “horsetail” structure where it enters
incompetent rocks (Nicola volcaniclastic). The increased permeability abetted upflow of both the Au-
bearing hydrothermal fluid and coeval magma that produced the associated QFP dykes, and also – much
later – the Chilcotin basalt magma which then flowed WSW along the deeply eroded shear zones.
2024 Drilling Plans
Twelve drill holes are presently planned to systematically test four Au-bearing sections of the branch
shear/fault zones identified by previous drilling (see Fig. 2 inset), including the segment of the Central
Branch up-ice from the Dominic Lake train. The results obtained from these holes are expected to show
that some of the Au occurrences extend along strike into the much longer (500-1000 m), presently
undrilled sections of the shear zones and will require considerable additional drilling.
Significant follow-up drilling is also planned for the Rainbow porphyry Cu-Au-Mo discovery to the west.
As the Rainbow mineralization is hosted by a magnetite-bearing magmatic-hydrothermal breccias that is
distinctly magnetic and appears to extend over a broad, ~350 x 1200 m area (see Fig. 3), vertical holes will
initially be drilled to test the strongest magnetic peaks.
Methods and Qualified Person
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
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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
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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.
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Figure 1 – Location of the Rabbit North property.
Figure 2 – Structural model for the shear-hosted Au mineralization showing all drill intersections greater
than 10 g x m.
Figure 3 – Total magnetic intensity aeromagnetic map showing the inferred extent of the magnetite-
bearing magmatic-hydrothermal breccia that hosts the Rainbow Cu-Au-Mo Zone.
Mineralized Interval(s)
Au Content
(g/t)
Including
Hole No.
From
(m)
To
(m)
Length
(m) Au x
m
From
(m)
To
(m)
Length
(m) Au
(g/t)
Au x
m
RN21-026 51.0 144.2 93.2 1.42 132 113.2 132.4 19.2 4.21 81
RN21-027 113.7 118.7 5.0 2.09 10
140.9 150.6 9.7 1.32 13
23
RN22-028 36.5 174.5 138.0 1.55 214 45.5 70.0 24.5 4.76 117
RN22-029 18.5 89.0 70.5 1.78 125 62.0 75.5 13.5 4.92 66
RN22-030 130.0 137.0 7.0 1.35 9
146.0 156.5 10.5 3.40 36
45
RN22-031 158.0 164.0 6.0 1.94 12
Mineralized Interval(s)
Au Content
(g/t)
Including
Hole No.
From
(m)
To
(m)
Length
(m) Au x
m
From
(m)
To
(m)
Length
(m) Au
(g/t)
Au x
m
189.0 211.0 22.0 2.09 46 207.0 211.0 4.0 6.27 25
58
RN22-033 113.0 114.0 1.0 69.20 69
RN22-036 161.1 179.1 18.0 0.89 16
RN22-037 19.1 22.1 3.0 2.59 8
110.4 136.0 25.6 0.66 17
25
RN22-038 60.0 69.9 9.9 0.85 8
136.0 184.0 48.0 1.57 75
84
RN23-039 142.7 145.7 3.0 4.20 13
165.5 192.8 25.7 * 2.04 52 185.0 192.8 7.8 3.79 30
65
RN23-040 188.7 196.3 7.7 1.42 11
RN23-041 124.8 138.0 13.3 3.28 43
148 158.1 10.1 2.16 22
65
RN23-045 52.0 144.0 92.0 1.13 104
Hist. 1990-
05 51.8 91.5 39.7 1.75 69
Hist. 1997-
07 62.0 72.0 10.0 12.51 125
Hist. 1997-
14 65.0 80.0 15.0 2.61 39
Hist. 1997-
16 78.0 88.0 10.0 1.70 17
Hist. 2004-
02 50.0 68.0 18.0 0.91 16
85.9 93.4 7.5 1.48 11
116.0 136.0 20.0 1.13 23
50
* Excludes a barren 3 m internal dyke
Table 1 – Significant (>10 g-m) Au intercepts, of the Cu-free orogenic type in grams x metres, from
Tower’s and five historical drill holes. Where two or more gold zones were intersected in a
hole, their values were summed.