Tower Resources Ltd. is pleased to announce that the non-brokered private placement announced on May 25, 2020 has now closed. Under the Offering, the Company issued 8,367,732 units at a price of $0.06 per Unit for gross proceeds of $502,064. Each Unit was comprised of common share in the capital of the Company and one transferable Common Share [...]
Tower Resources Ltd. announces that it intends to complete a non-brokered private placement of up to 8,333,333 units at $0.06 per Unit for gross proceeds of up to $500,000. The Company intends to use the net proceeds from the Offering to explore the mineralized zones from its recent reverse circulation and diamond drill program on its Nechako [...]
Tower Resources Ltd. is pleased to report partial results from its recent Reverse Circulation and Diamond Drilling program on the April Trend on the Company's Nechako, BC property , including a 7.1 m core intercept grading 2.75 g/t Au, 40.2 g/t Ag, 0.30% Zn and 0.28% Pb in Hole APR20-10, the last hole of the short, 4-hole, 393.1 m DD program. The [...]
Tower Resources Ltd. announces that the TSX Venture Exchange has consented to an extension on the term of 6,250,000 common share purchase warrants that were issued under the Company's private placement of units completed on May 8, 2019. The Warrants have an exercise price of $0.10 per common share and were set to expire on May 8, 2020. The Company [...]
Tower Resources Ltd. announces that it has made application to the TSX Venture Exchange to extend the term of 6,250,000 common share purchase warrants that were issued under the Company's private placement of units completed on May 8, 2019. The Warrants that are the subject of the application have an exercise price of $0.10 per common share and are [...]
Tower Resources Ltd. is pleased to report that detailed logging of the core from diamond drill hole No. 06 on the Company's Nechako property has confirmed that this hole intersected mineralized volcanogenic horizons of the same type that host the uniquely high-grade Au-Ag mineralization at the Eskay Creek deposit. Joe Dhami, President and CEO [...]
Tower Resources Ltd. Tower Resources is pleased to report that the first phase of the planned two-phase diamond drilling program targeting the April Trend on the Company's Nechako property successfully intersected significant Au-Ag-Zn-Pb mineralization at the head of the large, 3 km long x 1.5 km wide Au-Ag-Zn-Pb glacial dispersal train that was [...]
Tower Resources Ltd. is pleased to announce that a contracted drill and crew has been mobilised from Smithers, B.C. to Tower's Nechako Gold property to begin the first phase of a diamond drilling program. The initial target will be the North Western part of the mineralized April Trend which was first recognized in the Phase II RC drilling program [...]
Tower Resources Ltd.Tower Resources Ltd. is pleased to report that the recently announced Phase III reverse circulation drilling program on the Company's Nechako property south of Vanderhoof, BC was completed successfully and achieved its objective of narrowing the location of the mineralized April Trend in preparation for an initial diamond drill [...]
Tower Resources Ltd. is pleased to announce that the non-brokered private placement previously announced on April 5, 2019 has now closed. Under the Private Placement, the Company issued 12,500,000 units at a price of $0.04 per Unit for gross proceeds of $500,000. Each Unit was comprised of one common share in the capital of the Company and one-half [...]
Tower Resources Ltd. Tower Resources is pleased to announce the commencement of their 2019 exploration program on the Nechako property, starting with infill reverse circulation drilling at the head of the Nechako dispersal train. The Nechako Au-Ag-Zn-Pb-As dispersal train is similar in size and strength to known trains from some of Canada's largest [...]
Tower Resources Ltd. is pleased to announce, subject to the approval of the TSX Venture Exchange , that Mr. Joe Dhami has been appointed President and Chief Executive Officer and a member of the Board of Directors of the Company. Mr. Dhami has over 20 years of experience in the capital markets working with portfolio managers, retail brokers and [...]