Tower Provides Exploration Update on its B.C. Properties; Prepares to Drill New Thunder Au and Rainbow Cu-Au-Mo Discoveries at Rabbit North and Initiates Follow-up Sampling at More Creek on a Gold Grain Anomaly Straddling the Key “Red Line” Controlling Structure of the Golden Triangle
Tower Provides Exploration Update on its B.C. Properties; Prepares to Drill New Thunder Au and
Rainbow Cu-Au-Mo Discoveries at Rabbit North and Initiates Follow-up Sampling at More Creek on a
Gold Grain Anomaly Straddling the Key “Red Line” Controlling Structure of the Golden Triangle
Vancouver, B.C. – September 21, 2023 - Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: TWR)
is pleased to report on recent exploration developments at its British Columbia properties (see Fig. 1),
the Company’s plans to resume drilling on the new Thunder Au and Rainbow Cu-Au-Mo discoveries at
Rabbit North and initiation of follow-up gold grain sampling at More Creek on the Golden Triangle “Red
Line”.
Rabbit North
Tower recently received a permit to continue exploration, including diamond drilling, on the Company’s
17,526-hectare Rabbit North property near Kamloops, between New Gold's New Afton underground Cu-
Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 2).
Tower is planning a 1500 m follow-up diamond drilling program beginning in the first week of October to
further investigate and expand the newly discovered (see Fig. 3 and Tower’s March 30 and April 5 and
20 press releases), shear-hosted Thunder Au Zone (initial intersections of twin Au zones <10 m apart
comprised, in discovery Hole 039, of 17.9 m @ 1.28 g/t Au and 7.8 m @ 3.79 g/t Au, and 150 m to the
southeast in Hole 41, of 13.25 m @ 3.28 g/t Au and 10.12 m @ 2.19 g/t Au ) and porphyry-type
Rainbow Cu-Au-Mo Zone (72.4 m of 0.27% Cu, 0.40 g/t Au and 0.01% Mo, or 0.57% Cu equivalent,
starting near surface in the final drill hole targeting the Thunder Zone, No. 042).
More Creek
The 6430-hectare More Creek property is centrally located in the Golden Triangle of northern B.C.
between the Brucejack high-grade epithermal Au and Red Chris porphyry Cu-Au mines (Fig. 4). It is in
mountainous terrain and straddles the Triassic Pass Fault, part of the so-called Red Line structural zone
within 2 km of which the Brucejack, Eskay Creek, Red Chris and most of the other important mineral
deposits of the Golden Triangle are located and to which they appear to be genetically related.
In 2016 Tower performed a small, three-sample gold grain sampling test program on the gravel bed of
Arrow Creek, the valley of which traces the Triassic Pass Fault from south to north across the property.
A strong gold grain anomaly was identified along the lower, northern part of the creek and its source
mineralization was inferred from various lines of evidence to be 1-2 km south up the valley near a small,
rapidly receding glacier that feeds the creek. Follow-up sampling was recommended to trace the gold
grain anomaly up the creek and pin down its source.
Tower subsequently optioned the property to Volatus Capital Corp. but the recommended sampling
program was not performed and the property was recently returned to Tower. Tower has revived the
planned survey and expects to receive the gold grain results by late October.
Nechako Gold Property
Tower’s 2975-hectare Nechako Gold property is located on the Nechako Plateau in central B.C. (see Fig.
1), 30 km northeast of the 8,000,000 -ounce Blackwater Au deposit which is currently under
development by Artemis Gold Inc. Between 2016 and 2021 Tower identified a significant gold grain
anomaly at the top of a thick till plain and, using a specialized reverse circulation (RC) drill to sample the
underlying dispersal train at depth, successfully traced it 3 km up-ice to its source area where several
promising, porphyry associated Au-Ag-Pb-Zn intersections were subsequently obtained by diamond
drilling.
Tower continues to maintain the Nechako Gold property in good standing while focusing on the
Company’s new Lightning, Thunder and Rainbow discoveries at Rabbit North (Fig. 3). As the Lightning
Zone appears to account for only the western edge of the 400-m-wide Dominic Lake gold grain dispersal
train that occurs at the surface of the thick till plain down-ice from the gold zone, consideration is being
given to using the RC drilling experience gained at Nechako Gold to search the area to the east for
additional gold sources.
Belle Property
Tower optioned its 1670-hectare Belle property in the Toodoggone Area east of the Golden Traingle to
Volatus Capital Corp. on August 5, 2020. Volatus completed the earn-in agreement and has returned
the property to the vendors.
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, both 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 and the Nechako gold-silver project near Artemis’
Blackwater project.
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”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar
expressions, as 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 activities and involve risks and uncertainties, and that the Company’s
future business activities may differ materially from those in the forward-looking statements as a result
of various factors, including, but not 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 Tower's B.C. exploration projects.
Figure 2 – Location of Tower's Rabbit North property relative to the active mines of the Kamloops
district.
Figure 3 – Locations of Tower's new Thunder Au and Rainbow Cu-Au-Mo discoveries on the Rabbit
North property.
Figure 4 – Location of Tower’s More Creek property within the Golden Triangle. The black line is the
Triassic Pass Fault, part of the so-called Red Line fault zone with which most of the mineral
deposits of the Golden Triangle are associated.