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Tower Completes Follow-Up Drilling Program at Rabbit North Focused on Confirming the Indicated Rapid Westward Thickening and Lateral Continuity of the Rainbow Porphyry Cu-Au-Mo Discovery
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - Tower Resources Ltd. (TSXV: T...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Completes Follow-Up Drilling Program at Rabbit North Focused on Confirming the Indicated Rapid Westward Thickening and Lateral Continuity of the Rainbow Porphyry Cu-Au-Mo DiscoveryVancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - Tower Resources Ltd. (TSXV: TWR) (\"Tower\" or the \"Company\") 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 (see Fig. 1).Drilling Summary and ObjectivesFour holes, Nos. RN23-046 to 049 totaling 1052.2 m, were drilled (see Table 1). Holes 046 and 047 targeted the Thunder Zone and Holes 048 and 049 targeted the Rainbow Zone (see Fig. 2).Both mineralized zones are completely covered by >15 m of glacial till and partly covered by up to 40 m of pre-glacial Chilcotin basalt flows. A lateritic weathering profile up to 60 m thick is preserved beneath the basalt, indicating significant potential for supergene enrichment of the primary sulphide mineralization.The Rainbow Zone is hosted by a magmatic hydrothermal (MH) breccia that was generated at depth by de-gassing of an overpressurized dioritic magma chamber. The fine-grained intrusive matrix of this breccia contains 5-10% magnetite, allowing the probable extent of the breccia, and thus also the potential extent of the Rainbow Zone, to be ascertained from the ground magnetic data (see Fig. 3).Discovery Holes 041 and 042 were drilled on the northern edge of a magnetic low that forms a saddle in a large, ~300 m wide x 1200 m long, north-northwest trending magnetic high adjacent to the Durand Creek Fault, dividing the anomaly into two lobes (see Fig. 4). The magnetic intensity of these lobes is compatible with the presence of MH breccia. The saddle in the magnetic anomaly is coincident with the southernmost of two bands of Chilcotin basalt flows that partially cover the basement rocks (see Fig. 2). The basalt is as magnetic as the HM breccia but is reverse polarized and thus has the potential to produce a false magnetic low over the breccia.The principal objectives of follow-up Holes 048 and 049 on the Rainbow Zone were to confirm indications from the initial intersections in Holes 041 and 042 (see Fig. 4) and from the above magne...