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Tower Resources Terminates Option for JD Property; Focuses on Rabbit North Copper and Gold Property
(via Thenewswire.ca) Vancouver, B.C. / TheNewswire / April 1, 2016 - Tower Resources Ltd...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower Resources Terminates Option for JD Property; Focuses on Rabbit North Copper and Gold Property(via Thenewswire.ca)\n \n \nVancouver, B.C. / TheNewswire / April 1, 2016 - Tower Resources Ltd. (TSX.V: TWR) has elected to terminate the JD property option agreement dated September 7th, 2011, later amended January 28th, 2015, to acquire 100% interest in the JD Property, northern British Columbia. \n\n \n \nTower's management and board wish to thank the JD Property vendors, Mr. Victor Erickson and Mr. Cameron Scott, for their contributions during this multi-year partnership.\n\n \n \nMark Vanry, President and CEO, states, \"We feel that with the current downturn in the market that further JD option expenditures are not warranted. We will now focus on advancing our exciting Rabbit North copper and gold porphyry project located in a significant and active mining district.\"\n\n \n \nThe road accessible Rabbit North copper and gold property is located in the Kamloops Mining District of southern British Columbia. The property consists of 34 mineral tenures covering 16,400 hectares, which are in-part abutting New Gold Inc.'s tenures which cover the New Afton mine. The producing New Afton copper and gold mine is approximately 14.5 kilometers east of the main Rabbit North targets. These Rabbit North targets are 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 \nDespite the current downturn in the junior mining industry, Tower remains well positioned with a dedicated board and management team, capital in its treasury and a diversified portfolio of three prospective and commodity diversified projects at different stages of development. \n\n \n \nThe technical content of this news release has been reviewed and approved by Christopher Leslie, M.Sc., P.Geo., Vice President, Exploration for the company and qualified person as defined by National Instrument 43-101.\n\n \n \nTower Resources Ltd.\n\n \n \nMark Vanry - Director, CEO & President\n\n\n \n(604) 558-2565\n\n\n \[email protected]\n\n\n \nwww.towerresources.ca\n\n \n \nNeither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nForward-Looking Statement Cau...