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Tower's Ground Magnetic Survey at Rabbit North Reveals a Large, Untested Target Area West of the Rainbow Porphyry Cu-Au-Mo Zone and Prominent Lineaments through the Structurally Hosted Thunder and Lightning Au Zones
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Tower Resources Ltd. (TSXV: TWR) ...
About this update from Tower Resources Ltd.
[{"type":"text","content":"Tower's Ground Magnetic Survey at Rabbit North Reveals a Large, Untested Target Area West of the Rainbow Porphyry Cu-Au-Mo Zone and Prominent Lineaments through the Structurally Hosted Thunder and Lightning Au ZonesVancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Tower Resources Ltd. (TSXV: TWR) (\"Tower\" or the \"Company\") is pleased to report that its recent ground magnetic survey has revealed key magnetic trends at each of its Rainbow Porphyry Cu-Au-Mo and Thunder and Lightning Au discoveries 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).Survey Parameters The survey covered an 1100 hectare block (see Fig. 1) with 112 km of east-northeast trending lines spaced 100 m apart. Importantly this block extended further south than Tower's original, 2014 ground magnetic survey and included the recent Rainbow, Thunder and Lightning Zone discoveries.The surveyed area is magnetically very active, reflecting its varied geology and diverse porphyry and structurally controlled mineralizing environments. A key revelation is that the two areas of young, thin Chilcotin basalt flows that cover the Rainbow Zone and part of the Lightning Zone (see Tower's April 5, 2023 press release) are actually western and eastern segments of a continuous, unexposed band of flows lying south of and parallel to the well exposed band that occurs just north of the three mineralized zones (see Fig. 2). The basalt is much more magnetic than any of the underlying basement rocks but, paradoxically, is expressed as a strong magnetic low because Earth's magnetic poles reversed during its eruption. Magnetic Expression of the Rainbow Porphyry Cu-Au-Mo ZoneThe recent discovery holes on the Rainbow Zone, Nos. NR23-41 and 42, intersected the southern band of Chilcotin basalt flows, apparently near its northern edge where the basalt is thin. Immediately to the west, significant magnetic highs are present over the Nicola basement volcanics both north and south of the cover basalts (see Fig. 2). They are tentatively interpreted to represent a single, positive magnetic feature, with the intervening magnetic low being due to the stronger negative signature of the basalts.The magnetic high may reflect the observed occurrence of s...