Tower Resources Commences 2013 Diamond Drilling and Exploration Program at JD Gold Project
July 16 2013 - 7:58AM
Access Wire
Vancouver, B.C. - Tower
Resources Ltd. has commenced its 2013 field program at its flagship
JD gold (Au) - silver (Ag) property located in the Toodoggone gold
district of north central British Columbia. The program will
consist of up to 2,000 meters of exploration drilling targeting
several gold - silver occurrences primarily near the Finn zone and
newly identified targets.
The JD Property is
comprised of over 15,000 hectares located approximately 50
kilometres north of Aurico Gold Inc's past producing Kemess
Mine.
The program is
designed to test areas peripheral to the Finn zone where the
mineralizing system appears to be open and largely un-tested, with
the goal to establish continuity of gold mineralization along the
mapped geological contact that is known to host Finn zone
mineralization. The Finn zone was a primary focus during the 2012
drill program where Tower intersected near surface gold and silver
mineralization hosted in a shallow dipping volcaniclastic unit and
yielded an intersection of 21.5 meters of 4.92 g/t (grams per
tonne) Au with 53.99 g/t Ag in drill hole 12-JD-002 (see Tower's
August 29th, 2012 press
release).
In addition, a
focused IP (Induced Polarization) geophysical survey will be
conducted on a footprint of approximately 3 by 1.5 kilometers aimed
at investigating silicified and mineralized areas that are
potentially buried beneath cover. The IP survey is also designed to
investigate the potential heat source for epithermal related
mineralization. Lines will be run stratigraphically below and south
of the Finn zone where a large multi-element soil anomaly and a
coincident magnetic anomaly exists.
President Mark Vanry
states "We are excited at the prospect of expanding beyond the core
of the known Finn Zone mineralization and testing and multiple new
exploration targets at the JD Project during this season's
exploration program."
The technical content of this news
release has been reviewed and approved by Kenneth Thorsen, BSc,
P.Eng, a consultant of the company and qualified person for the
purposes of National Instrument 43-101 -- Standards of Disclosure
for Mineral Properties of the Canadian Securities
Administrators.
Tower Resources
Ltd.
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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