Tower Resources Ltd. · TSXV:TWR
Tower Resources — Investor Presentation (December 2022)
24 slides from Tower Resources's investor presentation, December 2022
Slide 1: Gold & Copper Exploration in British Columbia
Tower Resources Ltd – TSX-V: TWR 1 GOLD & COPPER EXPLORATION IN BRITISH COLUMBIA TSX-V: TWR Corporate Presentation December 2022 Photo credit: Thompson-Nicola Regional District
Slide 2: Disclaimer
Tower Resources Ltd – TSX-V: TWR 2 DISCLAIMER This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use
Slide 3: Management and Board
Tower Resources Ltd – TSX-V: TWR 3 MANAGEMENT and BOARD Management Board Joe Dhami Gerald Shields LLB President, Chief Executive Officer, Director • 20 years experience in capital markets Chairman, Director providing end to end corporate advisory • Founding Member, Director, and General services Cou
Slide 4: Share Structure
Tower Resources Ltd – TSX-V: TWR 4 SHARE STRUCTURE Securities Summary December, 2022 Shares issued 138,207,916 Warrants outstanding 562,500 Options outstanding 9,934,667 Shares fully diluted 148,705,083 Financials Q3 - July 31, 2022 Cash $ 1,455,157 Liabilities $ 148,140 G & A per quarter $ ~100,000
Slide 5: Exploration Philosophy
Tower Resources Ltd – TSX-V: TWR 5 EXPLORATION PHILOSOPHY GOLD COPPER • Focus on orogenic gold and porphyry copper-gold deposits • Politically stable mining jurisdictions • Good infrastructure, low exploration & development costs • Accessible for exploration year-round
Slide 6: Projects
Tower Resources Ltd – TSX-V: TWR 6 PROJECTS British Columbia Nechako Gold Porphyry-associated, sediment-hosted Au-Ag Rabbit North Orogenic Au and porphyry Cu-Au
Slide 7: Rabbit North Property
Tower Resources Ltd – TSX-V: TWR 7 RABBIT NORTH PROPERTY Five Contiguous Claim Blocks 16,378 Ha – 100% Interest Northern Rabbit New Afton North Core Western Southern
Slide 8: Nechako Gold Property
Tower Resources Ltd – TSX-V: TWR 8 NECHAKO GOLD PROPERTY • Twelve mineral claims totalling 5,940 hectares 50 km • Historically explored for porphyry Cu mineralization
Slide 9: Essential Property Attributes
Tower Resources Ltd – TSX-V: TWR 9 ESSENTIAL PROPERTY ATTRIBUTES • Rolling terrain typical of the B.C. interior • Known Au or Cu-Au showings discovered on bedrock highlands by conventional exploration methods • Extensive lowlands covered by glacial sediments hiding possible major deposits amenable t
Slide 10: 50 Years of Conventional Exploration at Rabbit North
Tower Resources Ltd – TSX-V: TWR 10 50 YEARS OF CONVENTIONAL EXPLORATION AT RABBIT NORTH Outcrop Prospecting & Mapping Soil Geochemistry Airborne Magnetics Ground Magnetics Induced Polarization Diamond Drill Significant Anomalies
Slide 11: Results of 50 Years of Conventional Exploration: Airborne Magnetics
Tower Resources Ltd – TSX-V: TWR 11 RESULTS OF 50 YEARS OF CONVENTIONAL EXPLORATION Airborne Magnetics Rabbit North Durand Stock
Slide 12: Results of 50 Years of Conventional Exploration: Porphyry Cu-Au Occurrences
Tower Resources Ltd – TSX-V: TWR 12 RESULTS OF 50 YEARS OF CONVENTIONAL EXPLORATION 10 Porphyry Cu-Au Occurrences Best Intersection 0.51% Cu, 0.34 g/t Au over 247 m RN17-015 0.51% Cu, 0.34 g/t Au over 247 m Durand Stock
Slide 13: The Tower Approach for Shortening Discovery Time
Tower Resources Ltd – TSX-V: TWR 13 THE TOWER APPROACH FOR SHORTENING DISCOVERY TIME A Game Changer Using Till Cover to Our Advantage Till-covered Exposed “Instead of considering till cover to valleys and highlands be a hindrance to exploration, the till low-lying itself is utilized by Tower, to ide
Slide 14: The Tower Approach: Principles
Tower Resources Ltd – TSX-V: TWR 14 THE TOWER APPROACH Principles As an ice sheet scrapes across bedrock, it liberates gold grains from any underlying Au or Cu-Au deposits The gold grains become incorporated and suspended in the till that is left behind when the ice sheet melts This forms a go
Slide 15: Till Sampling Methods
Tower Resources Ltd – TSX-V: TWR 15 TILL SAMPLING METHODS Thin Till Thick Till Typical till sample pit with a 12 kg sample Specialized reverse circulation (RC) drill for collected from the glacially compacted C- sampling both till and the underlying bedrock horizon below ~0.5 m
Slide 16: Separating the Gold Grains from the Till
Tower Resources Ltd – TSX-V: TWR 16 SEPARATING THE GOLD GRAINS FROM THE TILL Tower’s Till Samples are Processed at ODM’s Mineral Concentrating Laboratory Heavy mineral concentrate Recovered gold grains
Slide 17: Gold Grain Counts: Principles
Tower Resources Ltd – TSX-V: TWR 17 GOLD GRAIN COUNTS Principles The size of each recovered gold grain is measured The aggregate weight of the Au in the recovered grains is calculated and used to gauge the Au grade of their source The degree of deformation sustained by the gold grains during g
Slide 18: The Tower Approach at Rabbit North: Step 1 Reconnaissance Till Sampling
Tower Resources Ltd – TSX-V: TWR 18 THE TOWER APPROACH AT RABBIT NORTH STEP 1 – Reconnaissance-Scale Till Sampling Core Durand May 2021 Stock The till on the Southern Claims, 5-10 km Dominic Lake glacially down-ice from the Core Claims, Ic e was found to contain anomalous levels of flo w gold grai
Slide 19: The Tower Approach at Rabbit North: Step 2 Infill Till Sampling
Tower Resources Ltd – TSX-V: TWR 19 THE TOWER APPROACH AT RABBIT NORTH STEP 2 – Infill Till Sampling to Follow Gold Grain Anomalies Up-ice to Their Bedrock Source October 2021 23 infill samples were collected on the Dominic Lake Train The train was traced 800 m up-ice toward its source with no c
Slide 20: The Tower Approach at Rabbit North: Step 3 Diamond Drilling
Tower Resources Ltd – TSX-V: TWR 20 THE TOWER APPROACH AT RABBIT NORTH STEP 3 – Diamond Drilling to Locate the Gold Source December 2021 The Dominic Lake Train was not traced all the way to source in October but its source appeared to be close enough to locate by probing with a diamond drill In
Slide 21: Discovery Hole RN21-026
Tower Resources Ltd – TSX-V: TWR 21 DISCOVERY HOLE RN21-026 1.42 g/t Au over 95 m, including 4.20 g/t Au over 19.2 m Moderately fractured, silicified and pyritized andesitic tuff typical of the upper part of the gold zone Strongly brecciated, silicified and pyritized andesite tuff grading 7.84 g/t A
Slide 22: Geological Setting of the Lightning Zone
Tower Resources Ltd – TSX-V: TWR 22 GEOLOGICAL SETTING OF THE LIGHTNING ZONE The Lightning Zone is associated with a 149 Ma porphyry dyke system that is ~70 million years younger than the Durand diorite and associated porphyry Cu-Au zones The gold zone is hosted by sheared Nicola volcaniclastic
Slide 23: The New Central Gold Train
Tower Resources Ltd – TSX-V: TWR 23 THE NEW CENTRAL GOLD TRAIN October 2022 Follow-up till sampling was performed on a 169-grain gold anomaly obtained from a reconnaissance sample collected 400 m west of the Dominic Lake Train in May, 2021 A new, parallel dispersal train was identified The gol
Slide 24: Nechako Gold Property
Tower Resources Ltd – TSX-V: TWR 24 NECHAKO GOLD PROPERTY Information on the Nechako Gold Property to Follow
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