Tower Resources announces it intends to complete a flow-through non-brokered private placement for aggregate gross proceeds of $408,000. Under the Offering, the Company will issue up to 3,400,000 flow-through units at a price of CDN$0.12 per FT Unit for gross proceeds of up to $408,000. Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of [...]
Tower Resources is pleased to announce the commencement of the 2024 drilling season at its Rabbit North property. The property is located in the Kamloops mining district and positioned between New Gold's New Afton underground copper-gold mine and Teck's Highland Valley open-pit copper-molybdenum mine. The first phase of drilling will target prime gold and porphyry copper-gold zones within the Lightning, Thunder, and [...]
Tower Resources Ltd. is pleased to report that it has selected five prime targets for the initial phase of the 2024 drilling campaign on its Rabbit North property in the heart of the Kamloops mining district . Target Areas The first four targets are gold-rich sections of the three long, mineralized shear zones recognized from Tower's earlier drill programs . The fifth target is the inferred northwestward continuation of [...]
Tower Resources Ltd. announces it has closed its non-brokered private placement, for aggregate gross proceeds of $300,000 . Under the Offering, the Company issued 3,000,000 units at a price of $0.10 per Unit for gross proceeds of $300,000. Each Unit is comprised of one common share in the capital of the Company and one non-transferable Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common [...]
Tower Resources Ltd. announces it has closed the flow-through portion of its non-brokered private placement for aggregate gross proceeds of $200,000 by issuing 1,538,462 flow-through units at a price of $0.13 per FT Unit . Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act and one non-transferable Common Share purchase [...]
Tower Resources Ltd. is pleased to report that it has recognized a key structural link between the widely spaced Lightning, Thunder and other orogenic Au zones intersected on its Rabbit North property in the heart of the Kamloops mining district , enabling the Company to develop a systematic drilling program for the property through 2024. Orogenic Gold Model Tower's first discovery of gold mineralization of the [...]
Tower Resources Ltd. announces it intends to complete a non-brokered private placement, comprised of a flow-through offering and a non-flow through offering , for aggregate gross proceeds of $500,000 . Under the Unit Offering, the Company will issue up to 3,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $300,000. Each Unit is comprised of one common share in the capital of the Company and one [...]
Tower Resources Ltd. is pleased to report that its exploration permit for its 100% owned Rabbit North and West Afton property, spanning 17,526 hectares, has been renewed for 5-years. Situated strategically 14 km southwest of the New Afton copper and gold mine and 27 km northeast of the Highland Valley copper mine , the Rabbit North project offers exceptional exploration potential. Furthermore, the Kamloops region has an [...]
Tower Resources is pleased to report the results of the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo zone and younger, shear-hosted Thunder Au zone on its Rabbit North property in the heart of the Kamloops mining district. Holes 047 and 048, Rainbow Cu-Au-Mo Zone The February 2023 Rainbow Zone discovery holes, Nos. 041 and 042, intersected the eastern edge of the zone which, based [...]
Tower Resources Ltd. is pleased to report that it's September gold grain sampling up Arrow Creek on the Company's More Creek property in British Columbia's prolific Golden Triangle has pinned down the source of a historical gold anomaly straddling the Red Line rift structure with which the world-class epithermal Au and porphyry Cu-Au deposits of the Triangle are closely associated. Historical Gold Grain Anomaly - A Clue [...]
Tower Resources Ltd. is pleased to report that it has completed the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo and younger, shear-hosted Thunder Au zones on its Rabbit North property in the heart of the Kamloops mining district . Drilling Summary and Objectives Four holes, Nos. RN23-046 to 049 totaling 1052.2 m, were drilled . Holes 046 and 047 targeted the Thunder Zone and Holes [...]
Tower Resources Ltd. has approved, subject to acceptance by the TSX Venture Exchange, the grant of 2,600,000 incentive stock options to acquire common shares in the capital of the Company . 1,800,000 of the Options were granted to officers and directors and the remainder to employees and consultants of the Company. The Options are non-transferable and exercisable until October 19, 2028, at $0.12 per Option, subject to [...]
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