Tower Resources Intersects 288 metres grading 0.26% Copper Equivalent (CuEq) including 53 metres grading 0.48% CuEq at Rabbit
Tower Resources Intersects 288 metres grading 0.26% Copper Equivalent (CuEq)
including 53 metres grading 0.48% CuEq at Rabbit North
Vancouver, B.C. – September 27 th, 2018 - Tower Resources Ltd. (“ Tower” or the “ Company”)
(TSXV: TWR; OTCQB: TWRFF) is pl eased to provide an exploration update, including assay
results from two diamond drill hol es (Table 1), of work complet ed this summer at the Company’s
flagship Rabbit North copper-gold project, near Kamloops, British Columbia. Exploration at Rabbit
continues to return wide interv als of porphyry related copper a nd gold mineralization in several
holes at the Western Magnetite Zone, including drill hole RN17-15 which intersected 247 metres
@ 0.74% CuEq, including 27 metres grading 1.40% CuEq (see press release dated July 11 th,
2017) and RN16-008 which intersected 200 metres grading 0.40% CuEq including 72 metres
grading 0.61% CuEq (see press release dated December 8th, 2016).
Highlights from the 2018 summer program include:
RN18-23
288 metres grading 0.18% Cu and 0.12 g/t Au (0.26% CuEq) including;
o 53 metres grading 0.32% Cu and 0.22 g/t Au (0.48% CuEq), including
12 metres grading 0.59% Cu a nd 0.47 g/t Au (0.91% CuEq)
o 67 metres grading 0.23% Cu a nd 0.15 g/t Au (0.33% CuEq)
RN18-22
36.7 metres of 0.06% Cu and 0.10 g/t Au (0.13% copper equivalent)
“Tower has completed a detailed review of the Rabbit North proj ect including surface mapping,
core re-logging, geophysical re-interpretation and 760 m of dia mond drilling in two holes in the
Western Magnetite Zone”, adds President & CEO Garett Macdonald. “We are very encouraged by
the results and this work has given us a greater understanding of the controls on the mineralization
as well as the exploration potential for the project. This summer’s work suggests we are looking at
multiple zones of structurally controlled alkalic porphyry related mineralization connected to a deep
IP anomaly which can carry high grades of copper and gold, simi lar to the nearby New Afton
underground mine. Tower’s next phases of exploration will incl ude deep pentrating geophysical
surveys over the Western Magnetite, Chrysocolla, Dominic and Buff mineralized zones (see figures
3 and 4 ) to provide detailed interpretation of each area prior to commencing diamond drilling”.
Table 1. Summary of Drill Results
DDH From
(m)
To
(m)
Width
(m)*
Cu
(ppm)
Cu
(%)
Au
(g/t)
CuEq
(ppm)**
CuEq
(%)**
RN18-023 63 351 288 1,772 0.18 0.12 2,574 0.26
including 126 193 67 2,328 0.23 0.15 3,345 0.33
including 237 290 53 3,223 0.32 0.22 4,769 0.48
including 237 249 12 5,933 0.59 0.47 9,140 0.91
RN18-022 245.3 282 36.7 561 0.06 0.10 1,265 0.13
*Width refers to drill hole intercept. True widths have not been determined.
**Copper Equivalent (CuEq) is used for illustrative purposes, to express the combined insitu value
of copper and gold as a percentage of copper. No allowances have been made for recovery losses
that would occur in a mining scenario. CuEq is calculated on th e basis of US$2.65 per pound of
copper and US$1250 per troy ounce of gold, using the formula:
CuEq = [(%Cu)(22.0462)(US$lbCu)+(gptAu)(1/31.1035)(US$ozAu)]/[(22.0462)(US$lbCu)
The road-accessible Rabbit North project comprises approximatel y 16,400 hectares in the
infrastructure-rich copper and gold porphyry belt of southern British Columbia. The producing New
Afton copper and gold mine is approximately 14 kilometres east of the main Rabbit North targets
and the Highland Valley Copper Mine, operated by Teck Resources Ltd., is located 28 kilometres
to the west.
Discussion of Results
Drill hole RN18-023 was an angled hole (Azimuth 315º, -55º dip) collared from the same setup as
drill hole RN17-015 (see Figure 1) . As in RN17-015, mineralizat ion in RN18-023 consists of
chalcopyrite and lesser pyrite as fine-grained disseminations a ssociated with strong, overprinting
inner propylitic (chlorite, magnetite, epidote, carbonate) and sodic (albite) alteration of host Nicola
Group volcaniclastic rocks. Native copper occurs on fracture surfaces and fine veinlets (see Figure
2). Hydrothermal breccia with monzodiorite fragments, and locally milled breccia with monzodiorite
and volcanic fragments is present in the Western Magnetite zone . The rock flour matrix to the
breccia is overprinted with phy llic-carbonate alteration and lo cally significant pyrite and
chalcopyrite.
Drill hole RN18-022 was collared 200 metres southwest of RN17-015 at Azimuth 315º and -60º
dip. Trace mineralization occurs as fracture coating native copper with chlorite and calcite.
Figure 1: Cross section through Western Magnetite Z
Figure 2. Native Copper in Hole RN18-023
2018 Work Programs & Next Phases
Tower Resources’ 2018 exploration program at Rabbit North inclu ded detailed geological and
structural mapping covering the Durand Stock and surrounding Ni cola Volcanic Rocks. Tower
contracted Crossrange Logistics Inc. (“Crossrange”) to perform a comprehensive review of
company data and procedures in order to provide target generati on and guidance for future
exploration activities at Rabbit North. Crossrange, in cooperat ion with Mira Geoscience Ltd.,
performed 3D modelling and interpretation of geophysical data e ncompassing the Rabbit North
property. Future exploration activities at Rabbit will include the completion of deep 3D direct current
resistivity and induced polarizati on (DCIP) surveys followed by target refinement and diamond
drilling.
Figure 3. Rabbit North Exploration Targets
Figure 4. Geophysical Cross Section 662900E
Project Description
The Rabbit North project is situated in the prolific and metal endowed Triassic-Jurassic island arc
related Quesnel Terrane; a significant and economically proven porphyry belt in British Columbia
(Figure 5). At Rabbit North, alkalic porphyry related copper and gold mineralization is hosted in two
rock types: a zoned alkaline intrusion (diorite to monzonite) termed the Durand Stock, and country
volcanic rocks of the Nicola Group. Based on Tower’s multidisci plinary exploration programs
consisting of prospecting, geological mapping, re-logging of hi storic drill core and ground and
airborne geophysics, ten immediate drill ready targets were rec ognized. Positive diamond drilling
results encountered in the Western Magnetite and Chrysocolla Ma in Zones demonstrate the
potential for discovery of significant copper-gold alkalic porphyry mineralization on the Rabbit North
property.
Figure 5. Property location map
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 ISO/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 usi ng a four-acid, near-total dige stion. Overlimit (>1%) copper
analyses were repeated using the same procedures but at a highe r 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 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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