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Tower Resources Drills 247 metres of 0.75% CuEq at 0.51% Copper and 0.34 g/t Gold at Rabbit North
(via TheNewswire) Vancouver B.C. / TheNewswire / July 11, 2017 - Tower Resources Ltd. ...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Resources Drills 247 metres of 0.75% CuEq at 0.51% Copper and 0.34 g/t Gold at Rabbit North(via TheNewswire)\n \n \nVancouver B.C. / TheNewswire / July 11, 2017 - Tower Resources Ltd. (\"Tower\" or the \"Company\") reports significant drill results from its flagship Rabbit North project, near Kamloops, British Columbia. Initial results from the 2017 diamond drill program have returned long intervals of porphyry related copper and gold mineralization in several holes at the Western Magnetite Zone. \n\n \n \nHighlights from hole RN17-015, include:\n\n \n \n\n\n- 0.51% Cu and 0.34g/t Au (0.75% copper equivalent) over 247m;\n\n\n\n- 0.60% Cu and 0.39g/t Au (0.87% copper equivalent) over 142m;\n\n\n\n- 0.84% Cu and 0.55g/t Au (1.21% copper equivalent) over 37.9m; and\n\n\n\n- 0.97% Cu and 0.62g/t Au (1.39% copper equivalent) over 26.5m\n\n\n\n \n \nThe road-accessible Rabbit North project comprises approximately 16,400 hectares in the infra-structure-rich copper and gold porphyry belt of southern British Columbia. The producing New Afton copper and gold mine is approximately 14 kilometres east of the main Rabbit North targets; Highland Valley Copper Mine operated by Teck Resources Ltd is located 28 kilometres to the west. \n\n \n \nPresident Mark Vanry states, \"Drill hole RN17-15 returned the most significant drill intercept to date at Rabbit North. The copper and gold grades are comparable to those found in some the of highest quality porphyry deposits in BC. Tower plans to continue aggressive exploration at Rabbit through the remainder of 2017.\" \n\n\n \nTable 1: Length Weighted Drill Intercepts to Date, 2017 Diamond Drill Program\n\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \n*Width refers to drill hole intercept. True widths have not been determined. \n\n\n \n**Copper Equivalent (CuEq) is used for illustrative purposes, to express the combined value of copper and gold as a percentage of copper. No allowances have been made for recovery losses that would occur in a mining scenario. CuEq is calculated on the basis of $2.65 per pound of copper and $1250 per troy ounce of gold, using the formula: \n\n\n \nCuEq = [(%Cu)(22.0462)($lbCu)+(gptAu)(1/31.1035)($ozAu)]/[(22.0462)($lbCu)\n\n \n \nDrill hole RN17-015 was drilled in the Western Magnetite Zone (WMZ), an area of copper and gold porphyry mineralization predominan...