Progressive tower drilling at Rabbit North confirms the northwest strike of the Lightning Zone, and continues to receive broad intercepts with Pyrite levels similar to Discovery Hole 026

Progressive tower drilling at Rabbit North confirms the northwest strike of the Lightning Zone, and continues to receive broad intercepts with Pyrite levels similar to Discovery Hole 026

Vancouver, British Columbia – (Newsfile Corp. – September 15, 2022) – Tower Resources Ltd. (TSXV: TWR) (“tower“or the”a company“) to submit a progress report on the ongoing Progressive Diamond Exploration Program report on gold discovery in the new Lightning Zone at the Company’s Rabbit North estate near Kamloops, British Columbia, between New Gold’s New Afton Underground Cu-Au Mine and the Company’s Cu-Au mine. -Mo open Highland Valley in Teck (see Figure 1).Four of the six to eight planned drilling holes have been completed and the core has been cut from the first three holes, No. RN22-034 to 036 feet for the assay.

Northwest strike confirmed

The main objective of the current drilling program was to confirm indications from the previous drilling program from March to April that the area of ​​lightning is hitting the Northwest Northwest (NNW) rather than the Northeast as originally expected. New drilling confirmed the expected hit, with exit holes for both NNW and SSE at Discovery Hole RN21-026 (95 m of 1.40 g/t Au including 19.2 m of 4.21 g/t Au; See the press release issued on January 11, 2022 about the tower) hit the area exactly where it was expected (see Figure 2).

Visual characteristics of the lightning region

As on Discover Hole 026, The Lightning Zone at holes 034 to 037 is hosted primarily by an andesite raft of crystalline ash and is visually identifiable from intense cracking/cracking associated with shear, diffuse bleaching, and sericite-silica-pyrite alteration (see Figs 3, 4) extending over the core lengths ranging from From tens of meters to more than 100 meters. The area appears to be close to vertical.

The base length of the corresponding area change depends on both the retraction of the drill hole and the proximity of the hole to a nearby diorite plug. This plug is centered on hole 025 approximately 200 meters southeast of the 026 discovery (see Figure 2).

The longest change area intersection is approximately 150 m at Hole 036, and 60 m NNW from Discovery Hole 026. This hole was drilled in the ENE at a steep slope, -75° to replace hole 035 which was drilled from the same cushion at -60° and abandoned in the area at 129 m due to difficult drilling conditions. Hole 037 is currently drilled 20 m N N along the strike but routing WSW in a shear fashion relative to Hole 036.

The shortest intersection is about 10 m in Hole 034, the 50 m incremental SSE from Discovery Hole 026 on the western side of the diorite plug. The area shortening here is due to the fact that diorite has replaced most of the host tuff horizon. While diorite appears to be less prone to shearing and alteration than tuff, it has many strong pyrite shears. Additional future SSW steps along the strike should encounter a thicker spur as the diorite connection swings back to the southeast.

Pyrite content of the adjustment area

Due to the friendly relationship between pyrite and Au contents in the Lightning Zone and the long wait for the assays, we now focus more on the exact determination of pyrite content in the nucleus. In addition to estimating the average pyrite content using a manual lens at similarly variable core intervals, we quantify the percentage of pyrite systematically, more precisely by binocular microscopy, from small pieces of core at 2 m intervals to guide the etch until the Au assays were received.

Interestingly, Mean pyrite contents for the 150-meter modified section of Hole 036 and the 95-meter mineral section of the Lightning District at Discovery Hole 026excluding occasional protrusions of more than 15% of pyrite in both holes caused by the possible presence of a pyrite vein at the 2 m mark, Very similar at 3.2 and 2.7%, respectively.

New large Cu-Au porphyry area

The diorite plug is completely covered by even thin basalt fluxes and partly by basalt Chilcotin but appears to be an outcrop of the larger Durand deposit in the north (see Fig. 2). It has a diameter of about 400 meters. All cross-studded diorite to date contains Cu-Au mineralization similar to porphyry, typically at degrees of 0.1-0.2% Cu and 0.2-0.3 g/t Au. If the top of the stopper is similarly mineralized, the indicated Cu-Au region is much larger and more likely than any of the nine known Cu-Au regions associated with the Durand stock.

Methods and qualified person

The core drilling is being recorded at the tower’s fully leased and equipped core facility near Kamloops under the direction of Matthew Hoslag, BSc. Geologist, Dane’s Bridge, MA, BJEW, both have extensive experience with shear-hosted gold deposits and have previously worked on the Rabbit North property.

Fragmented samples of pulp, generally 1-2 m in length, are delivered directly to Activation Laboratories (ActLabs) in Kamloops, British Columbia, an ISO/IEC 17025 (Lab 790) accredited laboratory by the Canadian Standards Council. QA/QC samples including blanks and standards are regularly entered into the sample sequence at a rate of approximately 1:20.

Samples are analyzed for Au by fire assay, ICP-OES, Ag and 36 additional elements by ICP-OES using four acids, almost completely digested. Any over-limit analyzes (>5 g/t) are repeated using the same fire assay procedure but with gravimetry termination rather than ICP termination.

The technical content of this press release has been reviewed and approved by Stuart Averill, P.Geo. , director of the company, and a qualified person as defined in National Instrument 43-101.

About Tower Resources

Tower is a Canada-based mineral exploration company focused on the discovery and development of economic mineral projects in the Americas. The company’s primary exploration assets, in British Columbia, are the Rabbit North Copper and Porphyry Project located between copper and gold mines, the New Highland Valley in the Kamloops Mining District, and the Nishaku Gold and Silver Project near the Artemis Blackwater Project.

On behalf of the board of directors

Tower Resources Limited

Joe Dami, President and CEO
(778) 996-4730
www.towerresources.ca

Reader advice

This press release may contain statements that constitute “forward-looking information,” including statements regarding the current plans, intentions, beliefs and expectations of the Company or its directors or officers regarding the Company’s future business activities. The words “may,” “will,” “could,” “will,” “intend,” “plan,” “expect,” “believe,” “estimate,” “expect,” and similar expressions, as they relate to the company’s purpose or management to identify such forward-looking statements. Investors are cautioned that any 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 made in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in price The market, the successes of the company’s operations, the continued availability of capital and financing, and general economic, market or commercial conditions. There can be no assurances that this information will prove to be accurate and, therefore, readers are advised to rely on their own assessment of such doubts. The Company assumes no obligation to update any forward-looking information except as required by applicable securities laws.

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

Figure 1 – Location of the Rabbit North Tower property in relation to the active mines in the Kamloops area.

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Figure 2 – Schematic view of the Lightning region with projections of the main Au intercepts on the surface. The first four holes from the current drilling program are also shown but the core has not been examined.

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Figure 3 – Panoramic view of the core hut showing the core from holes 34 to 37. Approximately half of the core shows shear deformation consistent with the Lightning region and thermal change.

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Figure 4 – Examples of andesite ash from holes 34 to 37 showing characteristic cracking, bleaching, silicification, indentation and decomposition in the illumination zone.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137263

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