Tower Begins Drilling at Rabbit North to Refine and Expand the Promising Thunder Au and Rainbow Porphyry Cu-Au-Mo Discoveries
Tower Begins Drilling at Rabbit North to Refine and Expand the Promising Thunder Au and Rainbow
Porphyry Cu-Au-Mo Discoveries
Vancouver, B.C. – October 5, 2023 - Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: TWR) is
pleased to report mobilization of a diamond core rig to its Rabbit North property in the heart of the
Kamloops mining district (Fig. 1) to drill the first follow-up holes on the Company’s newly discovered
Thunder orogenic Au zone and adjacent Rainbow porphyry Cu-Au-Mo zone.
Background
Tower’s initial, 4-hole drill test in March 2023 of a raw, previously unexplored area 400 m west of the
Company’s Lightning orogenic Au zone was remarkably successful in discovering both the Thunder
orogenic Au and Rainbow porphyry Cu-Au-Mo zones (see Figs. 2, 3) even though the mineralized
basement rocks are covered by up to 20 m of glacial till and 30 m of preglacial basalt flows.
The only hint of mineralization in the test area – identified by Tower in late 2022 – was a narrow gold
grain dispersal train (the Central Train; see Fig. 2) in the till resulting from a small window (glacially eroded
hole) in the basalt cover over part of the Thunder Zone (see Fig. 3). The Thunder and Rainbow Zones were
each intersected in two of the four holes seeking the source of the glacially dispersed gold grains.
Holes 039 and 041 each encountered two substantial intersections of the Thunder Zone separated by a
thin, 3 to 10 m unmineralized seam. The Hole 039 intersections averaged 1.28 g/t Au over 17.9 m and
3.79 g/t Au over 7.8 m and those in Hole 41 averaged 3.28 g/t Au over 13.25 m and 2.19 g/t Au over
10.12 metres. The intersections were obtained at a depth of ~100 m and are ~150 m apart, assuming a
southeast strike. The dip direction is uncertain but presently inferred to be northeast.
Unusually, Hole 041 was also the discovery hole of the Rainbow porphyry Cu-Au-Mo Zone, clipping 36
m of the eastern edge of the zone in the upper part of the hole. More importantly the final hole, No.
042 drilled from the same pad as No. 041 but at a steeper angle, obtained a longer, stronger and more
westerly intersection averaging 0.27% Cu, 0.40 g/t Au and 0.01% Mo, or 0.57% Cu-equivalent, over 72.4
metres. The significant increases in both thickness and grade suggest a possible large mineralized zone
centered to the west.
Objectives of the Present Drilling Program
Approximately 1500 m of drilling are planned. The drill holes are designed to simultaneously determine
the configurations of the Thunder and Rainbow Zones and significantly expand each zone.
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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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.
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Figure 1 – Location of Tower's Rabbit North property relative to the active mines of the Kamloops
district.
Figure 2 – Locations of the Thunder Au and Rainbow Cu-Au-Mo zones relative to the Central gold
grain dispersal train in the overlying glacial till. The apparent structural trend of the
Thunder Zone and possible core of the mineralogically zoned Rainbow Zone are also
shown.
Figure 3 – Interpreted extent of Chilcotin basalt (CB) cover over the prospective basement rocks
as determined from historical mapping (exposed northern basalt band) and Tower’s
2021-2023 diamond drill holes (8 intersections) and 2023 ground magnetic survey
(unexposed southern basalt band). The inferred structural trends of the Lightning and
Thunder Au Zones and potential extent of the Rainbow porphyry Cu-Au-Mo Zone are
also shown.