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Tower Resources Intersects 7.1 m of 2.75 g/t Au and 40.2 g/t Ag Above Major Alteration Pipe at Nechako
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - Tower Resources Ltd. (TSXV: TWR)...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Resources Intersects 7.1 m of 2.75 g/t Au and 40.2 g/t Ag Above Major Alteration Pipe at NechakoVancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - Tower Resources Ltd. (TSXV: TWR) (\"Tower\" or the \"Company\") is pleased to report partial results from its recent Reverse Circulation (RC) and Diamond Drilling (DD) program on the April Trend on the Company's Nechako, BC property (Fig. 1), including a 7.1 m core intercept grading 2.75 g/t Au, 40.2 g/t (1.2 oz/ton) Ag, 0.30% Zn and 0.28% Pb in Hole APR20-10, the last hole of the short, 4-hole, 393.1 m DD program. The April Trend is located at the head of a large (1.5 km wide x >3 km long), strong, Au-Ag-Zn-Pb-As glacial dispersal train in till (Fig. 2). Only seven other gold dispersal trains of this stature are known in Western Canada, of which six are associated with active gold mines and the seventh with the 8-million-ounce Blackwater gold deposit 30 km southwest of the Nechako property (Fig. 3). The Nechako dispersal train contains the same suite of elements - Au, Ag, Zn, Pb and As - as the Eskay Creek Deposit in northern BC, the highest-grade Au-Ag deposit of its size ever mined in Canada (2.2 million tones @ 45 g/t gold and 2,224 g/t silver). Moreover, the ratio of Au and Ag to Zn, Pb and As in both the heavy mineral concentrates of the till samples and the discovery zone in Hole 10 (Table 1) is very high, suggesting that mineralized zones along the April Trend with only a few percent As, Zn and Pb sulphides may contain economic grades of gold and silver. Tower's new discovery was obtained after just 1000 m of diamond drilling along the new April Trend. The mineralized zone occurs within a siliceous, Eskay Creek-type siltstone-mudstone horizon atop an intense, 800 m wide x 500 m thick alteration pipe in the underlying basalt (Fig. 1). The immense size of this pipe reflects the unusually large scale of the hydrothermal alteration system that introduced the mineralization and attests to the high potential for economic gold-silver deposits along the April Trend. Joe Dhami, President and CEO, commented: \"Our Nechako property is located in one of lowest cost areas of BC and is accessible year round. We have strategically managed our work plans to utilize the experience and technical expertise of our team and now they will focus on expanding the Discovery zone an...