Tower Resources announces 2014 Rabbit North diamond drilling and exploration program
08 April 2014 - 10:00PM
Access Wire
VANCOUVER, B.C. / ACCESSWIRE / April 8 2014 / Tower Resources
Ltd., (TSX.V: TWR) announces details for its 2014 field program at
the Rabbit North copper (Cu) and gold (Au) property in the active
Kamloops Mining District of south-central British Columbia. The
road-accessible Rabbit North property consists of 34 mineral
tenures covering 16,400 hectares, which are in-part abutting New
Gold Inc's tenures covering the New Afton mine. The producing New
Afton copper and gold mine is approximately 14.5 kilometers east of
the main Rabbit North target. Rabbit North is also 28 kilometers
east-northeast of the producing Highland Valley copper mine
operated by Teck Resources Limited, Canada's largest copper
producer.
The multidisciplinary 2014 program will consist of geological
mapping, sampling, soil geochemical surveys and up to 2,800 metres
of diamond drilling targeting alkalic porphyry related copper and
gold mineralization. Tower has defined three primary targets on the
Rabbit North property which will form the focus of this year's
diamond drill program. Tower anticipates the program will commence
in mid to late May.
Targets
Chrysocolla Zone - The Chrysocolla copper and gold porphyry
target covers an area of at least 430 by 300 meters and was the
focus of exploration drilling in 1997 and 2004. The target is
associated with a coincident magnetic high, a chargeability high
and a soil geochemical anomaly. Historically, a total of 14 diamond
drill holes were completed targeting porphyry related copper and
gold mineralization and overprinting vein hosted gold
mineralization. Both types of mineralization are hosted in Nicola
Group volcanic rocks near the contact with the Durand stock.
Drilling in this area in 1997 returned several gold and copper
mineralized intersections including 33 metres of 0.76 g/t Au with
0.27% Cu in drill hole DDH-97-17. During the 2013 field season
Tower collected samples that assayed up to 1.72 g/t Au with 2.4% Cu
and 4.6 g/t Ag from the main Chrysocolla zone (sample 1717045; see
Tower's October 22nd, 2013 New Release).
Western Magnetite Zone - The Western Magnetite copper and gold
porphyry target is hosted in the Nicola Group volcanic rocks and is
associated with a discrete magnetic high and a deep chargeability
high. The magnetic anomaly spans 650 meters and has only been
tested on its northern extent with three shallow percussion holes
in the 1970's. Step-out drilling 450 metres to the west in 1997
intersected 31.5 meters that assayed 0.16 g/t Au with 0.37% Cu
(DDH-97-09). This target area is open in all directions.
Central Monzonite Zone - The large Central Monzonite copper and
gold porphyry target in the core of the Durand Stock is more than
1.5 km long along an east trending axis. Historically the area has
been poorly tested, however it comprises the highest grade copper
and gold from surface samples to date including up to 1.02% Cu with
0.43 g/t Au and 7.4 g/t Ag (sample 1709454; see Tower's October
22nd, 2013 News Release). Similar to other targets on the project,
the Central Monzonite area is open at depth and in all
directions.
Additionally Tower will initiate a detailed geological mapping
and prospecting program over the recently acquired 13,550 hectares
of mineral tenure located north and south of the main Rabbit North
targets. This program will be focused on investigating magnetic
anomalies Tower identified from a recently completed airborne
geophysical survey which lie on trend with the main magnetic high
associated with the mineralized Durand Stock (see Tower's January
27th, 2014 News Release).
Some technical information contained in this release is
historical in nature and has been compiled from sources believed to
be accurate. This technical information has not been verified by
Tower and may in some instances be unverifiable dependent on the
existence of all historical drill core.
The technical content of this news release has been reviewed and
approved by Kenneth Thorsen, BSc, P.Eng, a consultant of the
company and qualified person for the purposes of National
Instrument 43-101 - Standards of Disclosure for Mineral Properties
of the Canadian Securities Administrators.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President
(604) 558-2565
mvanry@towerresources.ca
www.towerresources.ca
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statement Caution
This news release contains certain "forward-looking statements",
as defined in the United States Private Securities Litigation
Reform Act of 1995, and within the meaning of Canadian securities
legislation. The Company cautions that forward-looking statements
are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change, except as required by law. There are numerous risks
and uncertainties that could cause actual results and Tower's plans
and objectives to differ materially from those expressed in the
forward-looking information. The reader is urged to refer to the
Company's public disclosure which is available through the Canadian
Securities Administrators' System for Electronic Document Analysis
and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential
effects.
SOURCE: Tower Resources Ltd
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