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Tower Resources Commences 2014 Exploration Program on Rabbit North; Assays up to 1.6% Copper
(via Thenewswire.ca) Vancouver, B.C. / TNW-ACCESSWIRE / June 17 2014 / Tower Resources L...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Resources Commences 2014 Exploration Program on Rabbit North; Assays up to 1.6% Copper(via Thenewswire.ca)\n \n \nVancouver, B.C. / TNW-ACCESSWIRE / June 17 2014 / Tower Resources Ltd. / (TSX.V: TWR) has commenced its 2014 field program at the Rabbit North copper (Cu) - gold (Au) property located 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 targets. 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. \n\n \n \nThe ongoing multidisciplinary 2014 program at Rabbit North initially consisted of a brief 8 day program in late-May which comprised geological mapping, rock-chip sampling and prospecting in areas with limited historic work and areas with anticipated drill targets. In total, 31 samples were collected for geochemical analysis. A primary focus for this initial program was evaluating the poorly exposed Chrysocolla East target discovered in 2013 (see Tower's October 22nd, 2013 Press Release). The un-tested Chrysocolla East target is approximately 500 metres east of the Chrysocolla main target where the majority of the 1997 and 2004 exploration drilling was concentrated. Both targets are underlain by a continuous 600 meter easterly trending magnetic anomaly Tower identified in 2013. Furthermore, the Chrysocolla East target is coincident with an induced polarization (IP) chargeability high anomaly. This IP anomaly is on the shoulder of a much larger and poorly tested IP anomaly with dimensions of at least 1.9 by 1.4 kilometers (see Tower's January 27th, 2014 press release). \n\n \n \nThe Chrysocolla East porphyry target covers an area of at least 160 by 100 metres where outcrop is only exposed in a recent logging clear-cut. Copper and gold mineralization is associated with disseminated, clotted and vein controlled chalcopyrite and pyrite hosted in strongly magnetite + epidote altered diorite and magnetite healed breccias of the Durand Stock and Nicola Group volcanic rocks. Magnetite + actinolite + chalco...