TWR.V · 2017-10-05 12:00:00

Tower Intercepts 133 Meters of 0.41% Copper Equivalent in 1km Step-Out Drill Hole at Rabbit North

Drill Results

Octo

Tow

Vanc

from

the 2

miner

releas

Highl



The r

struct

Afton

Highl

Presid

coppe

Chrys

histor

the no

of dri

Table

Hole

RN17

021

includ

*Width

**Copp

percent

is calcu

CuEq =

ber 5, 2017

wer Interce

ouver B.C. -

its flagship R

017 diamon d

ralization fr o

sed results fro

lights from h

0.11% Cu

0.19% Cu

0.37% Cu

1.04% Cu

road-accessibl

ture-rich, copp

n copper and g

land Valley C

dent Mark V a

er and gold m

socolla Zone.

ric drilling an

orth and also

lling at Rabbi

1: Length Wei

From

(m)

1 42

ing 92

ing 111

ing 143

h refers to drill h

per Equivalent (

tage of copper. N

ulated on the bas

= [(%Cu)(22.046

epts 133 Met

Tower Resou

Rabbit North p

d drill progr a

om the Chry

om the Wester

hole RN17-02

and 0.24 g/t A

and 0.31g/t A

and 0.39g/t A

and 1.83g/t A

le Rabbit No

per and gold

gold mine is a

Copper Mine o

anry states, “

mineralization

This is by f

nd geophysics

to the west.

it.”

ighted Drill Int

To (m)

297.79

225

153

147

hole intercept. Tr

(CuEq) is use d f

No allowances h

sis of $2.65 per p

62)($lbCu)+(gpt

NEW

ters of 0.41%

Hole at

urces Ltd. ("T

project, near K

am returns l o

socolla Zon e

rn Magnetite

21, include:

Au (0.20% co

Au (0.41% co

Au (0.64% co

Au (2.32% co

rth project c o

porphyry bel

approximatel

operated by T

“We are very

n over 1km

far the largest

s we also belie

Tower plans

tercepts – this P

Interval (m)

255.79

133

rue widths have

for illustrative p

have been made

pound of copper

tAu)(1/31.1035)

WS RELEAS

% Copper E

t Rabbit No

Tower" or the

Kamloops, B

ong interval s

e, a one kil o

Zone.

opper equival

pper equivale

omprises appr

lt of souther n

y 14km east o

Teck Resource

encouraged

south of th e

t step-out th e

eve the Weste

to aggressive

Press Release,

(ppm)

1151

1920

3726

10370

not been determ

purposes, to exp r

for recovery los

r and $1250 per t

($ozAu)]/[(22.0

TWR: T

Equivalent

orth

e "Company")

British Columb

s of porphyr y

ometre (km)

lent) over 255

ent) over 133m

ent) over 42m

ent) over 4m

roximately 1

n British Col u

of the main R

es Ltd is loca

that we hav e

e Western M

e company h a

ern Magnetit

ely test these

2017 Diamon

Cu (%) Au

0.12 0

0.19 0

0.37 0

1.04

mined.

ress the combi n

sses that would

troy ounce of go

0462)($lbCu)

TSX Ventur

in 1km Step

) reports furth

bia. Addition

y related co p

step-out fr o

5.8m; includin

m; including

6,400 hectare

umbia. The p

Rabbit North

ated 28km to t

e now expan d

Magnetite Zo n

as drilled to d

e Zone is ope

areas during

nd Drill Progra

u (g/t)

(pp

0.24 19

0.31 40

0.39 64

1.87 23

ned value of co p

occur in a minin

old, using the for

re Exchang

p-Out Drill

her drill resul

nal results from

pper and go l

om previous l

es in the infr a

producing New

targets and th

the west.

ded the kno w

ne towards t h

date. Based o

en over 1km t

the next phas

uEq

pm)

CuE

976 0. 2

052 0. 4

409 0. 6

233 2. 3

pper and gold a s

ng scenario. CuE

rmula:

lts

s a

Drill hole RN17-021 was collared as a >1km step-out to the sout heast from RN17-015, which

intersected 247m of 0.51% Cu and 0.34g/t Au (0.75% CuEq) (see T ower’s Press Release dated

July 1, 2017). RN17-021 was an angled hole (Azimuth 190, -60 dip).

Drill hole RN17-018 was drilled in the Chrysocolla Zone, an are a of copper and gold porphyry

mineralization located over 1km south-southwest of the previously released 2017 drill holes at the

Western Magnetite Zone. The Chrysocolla Zone is predominantly h osted in dioritic intrusive

rocks on the southwestern edge of the Durand stock, a Late Tria ssic monzonite to diorite

composite intrusion. Significant to this zone is the elevated v alues of gold seen associated with

the copper-porphyry mineralization.

The area of known mineralization at the Chrysocolla Zone is not ably expanded by the results of

this drill hole into a previously undrilled, till covered area southwest of historic drilling.

Mineralization in RN17-021 starts at the top-of-bedrock and con sists of chalcopyrite and pyrite

occurring in veinlets and disseminations in dioritic intrusives and lesser mafic volcanics.

Alteration consists of strong, overprinting, sodic, potassic and inner propylitic assemblages.

Phase 1 of the 2017 drill program at Rabbit North is now comple te and Tower plans to continue

aggressive exploration on the pr operty. Further drilling is set to commence once comprehensive

geochemical and geological modelling on the Phase 1 2017 drill data and further ground

geophysical surveys can be executed and modelled.

Methods and Qualified Person

Drill core samples - generally 2 metres in length - were split at Tower's core logging facility in

Kamloops, BC. Samples were prepared for analysis and analyzed at Activation Laboratories

(ActLabs) in Kamloops, BC, an I SO/IEC 17025 Accredited (Lab 790 ) by the Standards Council

of Canada. Samples were analyzed for gold by fire assay and ICP -OES and for 37 further

elements, including copper, by ICP-OES using a four-acid, near- total digestion. Overlimit (>1%)

copper analyses were repeated using the same procedures but at a higher detection range. QA/QC

samples including blanks, standards and duplicate samples were inserted regularly into the

sample sequence at a ratio of approximately 1:10.

The technical content of this ne ws release has been reviewed an d approved by Paola Chadwick,

P.Geo., Exploration Manager for the company and qualified perso n as defined by National

Instrument 43-101.

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Plan Map Wester

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