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Tower Resources reports significant assays from the Pond Trend at Nechako BC including 1.3 g/t Au over 14.7 metres

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The main focus of the drilling was on expanding both the original Discovery Zone that was intersected last year in Hole 10 on the April Trend and the new zone that was intersected in the first hole of the current drilling program, No. 18, on the parallel Pond Trend to the northeast.

Additional Information:

Company: Tower Resources Ltd.
Website: http://www.TowerResources.ca
Stock Symbol: TSXV: TWR
Date Published: Jul 20, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Tower Resources Ltd. reports that all assays have been received from the April-May diamond drilling program on the company's Nechako Gold property.

The road-accessible Nechako Gold property, centered approximately 80 kilometres south of Vanderhoof, consists of 2,975 hectares in the Nechako Plateau Region of central British Columbia.

The property is approximately 30 kilometres northeast of New Gold Inc.'s significant Blackwater development project, which contains a proven and probable total mineral reserve of 8.2 million ounces of gold with 60.8 million ounces of silver.

Thirteen holes, APR21-18 to 30, were drilled for a total of 2020 metres.

The main focus of the drilling was on expanding both the original Discovery Zone that was intersected last year in Hole 10 on the April Trend and the new zone that was intersected in the first hole of the current drilling program, No. 18, on the parallel Pond Trend to the northeast.

Highlights include a high-grade intercept of 18.9 g/t Au and 98.6 g/t Ag over 0.6 metres at a depth of 100 metres in Hole 19 at the north end of April Pond.

This was 300 metres northwest along strike from Hole 18, the first indication of deep, high-grade mineralization along the Pond Trend.

A second, supportive, high-grade intercept of 17.5 g/t Au and 20.7 g/t Ag over 0.6 metres at a depth of 218 metres in Hole 26, a vertical hole 75 metres southwest across strike from Hole 18.

Stu Averill, P.Geo., a Company Director, stated: "The latest drilling at Nechako Gold has identified a large new mineralized structure, the Pond Trend. Most importantly, it has demonstrated that this structure is prospective not only for large, wide Au-Ag deposits, as evidenced by the 14.7 m wide, fault-displaced mineralized block intersected in Hole 18, but also for deeper deposits of a much higher-grade. Consequently, the next phase of drilling will focus on this trend, particularly the untested, 300 m long segment between the high-grade Au intercepts of Holes 19 and 26. This target area is partly covered by April Pond but can be drilled from shore year-round because the pond is only 150 m wide."

The company’s Rabbit North copper/gold project comprises 34 mineral tenures covering 16,400 hectares strategically located 14 km southwest of the producing New Afton copper and gold mine and 27 km northeast of the producing Highland Valley copper mine.

The shares are trading at $0.07.

For more information, please visit the company’s website www.TowerResources.ca, contact Joe Dhami, President and CEO, at 778-996-4730.

I’m Megan Edwards for Investmentpitch Media