Tower Resources Exercises Option on Rabbit North and Announces Combined RC and Diamond Drilling Program at Nechako
Tower Resources Exercises Option on Rabbit North and Announces Combined
RC and Diamond Drilling Program at Nechako
Vancouver, B.C. – November 20, 2018 - Tower Resources Ltd. (“ Tower” or the “ Company”)
(TSXV: TWR; OTCQB: TWRFF) is plea sed to report that it has full y exercised its option on the
Rabbit North copper-gold project in British Columbia and now ho lds a 100% interest in the
properties. Over the past two years Tower has identified a num ber of promising alkalic porphyry
targets containing high grades of copper-gold mineralization ov er significant widths in structurally
controlled chutes, including 0.97% Cu and 0.62 g/t Au (1.39% CuEq) over 26.5 metres in drill hole
RN17-015 (included within 247m of 0.51% Cu and 0.34 g/t Au, or 0.75% CuEq) in the Western
Magnetite Zone. Future explorat ion work will include high reso lution 3D DCIP (direct current
induced polarization) ground based geophysical surveys to define the orientation of the mineralized
structures prior to diamond drilling. The ro ad-accessible Rabbi t North project comprises
approximately 16,400 hectares in the infrastructure-rich copper and gold porphyry belt of southern
British Columbia. The project is strategically located 14 kilometres southwest of the producing New
Afton copper and gold mine (New Gold Inc.) and approximately 28 kilometres northeast of the
producing Highland Valley copper mine (Teck Resources Ltd.)
Tower is also pleased to announce that the next phase of work a t the Nechako gold project has
been approved by the board of directors and is expected to be completed in Q1 2019. This phase
of work will include up to 20 reverse circulation drill holes designed to locate the bedrock source of
the sulphide-rich, Au-Ag-As-Pb-Zn dispersal train identified in the 2017 RC program, below the
original gold grain anomaly outlined in 2016 surface till sampl ing. Additionally, a 400 m vertical
diamond drill hole will probe the core of the newly discovered Blue Road porphyry, a large (2 km),
pervasively argillic-altered and pyritized porphyry stock disco vered beneath thick overburden
during the 2017 RC drilling program. Together the two components provide the Company with an
opportunity of making a new poly-metallic discovery at Nechako.
“The Nechako and Rabbit North projects in British Columbia are the foundation of Tower’s work
plans for the next year” adds Garett Macdonald, CEO. “Explorati on at both projects benefit from
the work completed over the last two years that has greatly nar rowed the search area for
discovering the sources of the high grade mineralization at both projects. The task now is to conduct
cost-efficient exploration by defining the targets for the next round of diamond drilling”.
Methods and Qualified Person
The technical content of this news release has been reviewed an d approved by Darrell Hyde,
P.Geo., Exploration Manager for the Company and Qualified Perso n as defined by National
Instrument 43-101.
About Tower Resources
Tower is a Canadian based mineral exploration company focused o n the discovery and
advancement of economic mineral projects in the Americas. The Company’s key exploration
assets are the Rabbit North copper-gold porphyry project locate d between the New Afton and
Highland Valley Copper mines, the Nechako gold project near New Gold’s Blackwater project and
the More Creek and Voigtberg gold projects in the Golden Triang le area of Northern British
Columbia.
On behalf of the Board of Directors,
Tower Resources Ltd.
Garett Macdonald, President, CEO & Director
(604) 558-2565
www.towerresources.ca
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