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Tower Options Voigtberg Gold-Copper Property from Goldcorp - Golden Triangle BC
(via TheNewswire) VANCOUVER B.C. / TheNewswire / Tower Resources Ltd. (" Tower "...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Options Voigtberg Gold-Copper Property from Goldcorp - Golden Triangle BC(via TheNewswire)\n\n \nVANCOUVER B.C. / TheNewswire / Tower Resources Ltd. (\"Tower\" or the \"Company\") (TSX.V: TWR) is pleased to announce it has entered into an option agreement dated December 18, 2017 (the \"Option Agreement\") with Kaminak Gold Corporation, a wholly-owned subsidiary of Goldcorp Inc. (\"Goldcorp\") to acquire a 100% interest in the Voigtberg gold-copper property (the \"Property\"). In addition, Tower has entered into an investor rights agreement with Goldcorp (the \"Investor Rights Agreement\").\n\n\n \nVoigtberg Property\n\n\n \nThe Voigtberg property is located near the heart of the Golden Triangle region of northwestern British Columbia and is proximal to infrastructure as it lies 20 kilometers west of Highway 37 and the newly completed Northern Transmission Line, and 5 kilometers north of the Galore Creek Access Road. \n\n\n \nThe Property is 85km southwest of Imperial Metal's Red Chris Mine, 35km southeast of Teck Resources Shaft Creek deposit and 50km east of Teck/Novagold's Galore Creek deposit. The Property is comprised of 6 mineral tenures totalling 3144 hectares of land prospective for gold-copper mineralization associated with monzonitic dykes of inferred late Triassic to early Jurassic age.\n\n\n \nMark Vanry, President and CEO, comments, \"We are very pleased to have secured a highly prospective exploration asset in an outstanding area from an industry bellwether such as Goldcorp. The deal is beneficial to Tower shareholders as it adds another quality prospect to Tower's exploration portfolio without causing the company significant dilution or cash outlay. Tower looks forward to establishing a strong partnership with Goldcorp and is pleased to have both Goldcorp and Sandstorm Gold as shareholders.\"\n\n\n \nPrevious exploration at Voigtberg includes three diamond drill holes completed by Hemlo Gold Mines/Hayden Resources in 1996 and eight diamond drill holes in 2006/2007 by BCGold Corp. for a total of 1760m testing two of five main showings. The Property was originally targeted due to extensive alteration mapped at surface and strongly anomalous gold values in silt samples draining the Property. Identification of high grade gold and widespread gold-copper mineralization in rock and soil samples was followed up with ...