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Tower Resources Ltd.
Summary
| Project: | Nechako | |
|---|---|---|
| Deposit: | Nechako | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Arsenic-Zinc-Lead | |
| Date: | 6/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2019: Tower Resources Ltd. announces an Exploration/Drilling Update report for its Nechako deposit at the Nechako project. Phase III RC drilling program results. Vancouver, B.C. – June 18, 2019 ‐ Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Averill (Internal) | |
| ABSTRACT: | Vancouver, B.C. – June 18, 2019 ‐ Tower Resources Ltd. (“Tower” or the “Company”) (TSXV: TWR; OTCQB: TWRFF) Tower Resources is pleased to report that the recently announced (see April 29, 2019 press release) Phase III reverse circulation (RC) drilling program on the Company’s Nechako property south of Vanderhoof, BC was completed successfully and achieved its objective of narrowing the location of the mineralized April Trend in preparation for an initial diamond drill test. The mineralized April Trend, which was first recognized in the Phase II RC drilling program, is inferred to be the bedrock source of the major, 1.5 km wide x 3 km long Au‐Ag‐As‐Zn‐Pb glacial dispersal train (Fig. 1) that was outlined in the Phase I and II programs (see February 14, 2019 press release). It is stratabound (Fig. 2), occurring at or near the contact between a tuff‐siltstone‐mudstone‐limestone horizon to the west and structurally overlying basalts to the east (Fig. 3). Both the stratigrapic setting and Au‐Ag‐As‐Zn‐Pb association are suggestive of a volcanogenic, Eskay Creek‐type deposit model. Joe Dhami, CEO of Tower, commented: “We have identified a type of mineralization that is new to the Nechako property and is evidently of a significant scale of but only through the drill bit will we learn its potential. Having spent the last two years methodically tracking the Nechako gold dispersal train 3 km to its bedrock source, we are eager to begin diamond drilling.” | |
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