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Tower's Drilling at Rabbit North Constrains Lightning Zone to the North Side of the Diorite Plug, Provides New Information Indicating that the Main Gold Source of the Dominic Lake Train is on the South Side of the Plug
Drilling Planned in Early 2023 and Flow-Through Financing Proposed Vancouver, British Columbia--...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower's Drilling at Rabbit North Constrains Lightning Zone to the North Side of the Diorite Plug, Provides New Information Indicating that the Main Gold Source of the Dominic Lake Train is on the South Side of the PlugDrilling Planned in Early 2023 and Flow-Through Financing ProposedVancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - Tower Resources Ltd. (TSXV: TWR) (\"Tower\" or the \"Company\") is pleased to provide the results of the recent, five-hole diamond drilling program (see Tower's September 15, 2022 and October 5, 2022 press releases) on the Lightning Zone on the Company's Rabbit North property near Kamloops, British Columbia, between New Gold's New Afton underground Cu-Au mine and Teck's Highland Valley open pit Cu-Mo mine (see Fig. 1).Program ObjectiveAs reported in the Company's July 13, 2022 press release, the drilling was based on the assumption that the strike of the Lightning Zone was north-northwest rather than east-northeast as initially assumed. Of the five new holes, Nos. RN22-034 to 038 (see Fig. 2), No. 034 was drilled 50 m south-southeast of discovery Hole 026 (1.40 g/t Au over 95 m including 4.42 g/t over 19.3 m; see Tower's January 11, 2022 press release), Holes 035 to 037 were drilled 50-80 m north-northwest of the discovery hole and Hole 038 was collared southwest of the discovery hole to undercut it by ~50 metres.Same Alteration but Different Au ResultsPrior to the present drilling campaign, essentially all strongly sheared and pervasively bleached, silicificified and pyritized tuff sections that were encountered in holes drilled on or near the Lightning Zone contained significant Au. Therefore the presence of this visually distinctive deformation and alteration was inferred to be a reliable indicator of significant, Lightning-type Au mineralization. As previously reported (see Tower's September 15, 2022 press release), Hole 034 encountered the diorite plug south of the Lightning Zone which is unprospective for Lightning-type orogenic Au mineralization but Holes 035 to 037 all intersected several tens of metres of strongly sheared and pervasively altered tuff visually identical to that hosting the Lightning Zone Au mineralization, confirming the expected north-northwest shear/alteration trend.As further reported (see Tower's October 05, 2022 press release), the undercut hole, No. 038...