Tower Resources Acquires the Brewster and Stub Properties, Northwest of the Nechako Gold Property; Central British Columbia
Vancouver, B.C. / TheNewswire / July 19, 2016 - Tower Resources Ltd., (TSXV: TWR) announces the acquisition of two additional properties, by staking, in the Nechako Plateau region of central British Columbia. The Brewster and Stub properties, identified on the basis of geophysical and geochemical data, are considered prospective for Blackwater-type gold and silver mineralization. Robust geophysics and till geochemistry are critical tools for mineral exploration in areas masked by glacial till, such as the majority of the Nechako Plateau.
The centre of the 1,930 hectare Brewster property is seven kilometres northwest of the Nechako Gold property (see Tower's July 12th, 2016 news release) and was staked primarily because of compelling geophysical data. Recent induced polarization geophysical surveys (BC Assessment Reports 29890 and 30554), conducted over most of the Brewster property, outline two high-chargeability anomalies locally coincident with high-resistivity anomalies. A coincident high-chargeability and high-resistivity anomaly is characteristic of the Blackwater gold deposit, thirty three kilometres southwest of Brewster. Both anomalies will be investigated in upcoming exploration programs.
The centre of the 1,040 hectare Stub property is twenty kilometres northwest of the Nechako Gold property. The property was staked to capture an interpreted source of a down-ice till dispersal train anomalous in zinc, copper, arsenic, with lesser gold and silver identified from a government till geochemistry database. Till geochemical data coupled with a strong knowledge of paleo-ice flow directions can provide critical information regarding the geochemistry of the bedrock geology below glacial till cover. The Blackwater deposit is also characterized by a down-ice zinc, arsenic, gold and silver till anomaly with the head of the dispersal train centred on the deposit. The Stub property will also be investigated in upcoming exploration programs.
Nechako Gold Property
The road accessible Nechako Gold Property (see Tower's July 12th, 2016 news release) is approximately 30 kilometres northeast of New Gold Inc.'s significant Blackwater development project. Blackwater contains a proven and probable total mineral reserve of 8.2 million ounces of gold with 60.8 million ounces of silver (source; New Gold Inc. website).
The 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.
Mark Vanry - Director, CEO & President
(604) 558-2565
mvanry@towerresources.ca
www.towerresources.ca
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Caution
This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and Tower's plans and objectives to differ materially from those expressed in the forward-looking information. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
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