EXCLUSIVE: Tower Resources Discovers New, Higher-Grade Gold Train In Canada's Kamloops Region

Tower Resources, Ltd (OTC: TWRFF) (TSXV: TWR) appears close to another gold discovery at its Rabbit North property near Kamloops, British Columbia.
During the completion of a second follow-up diamond drilling campaign aimed at further proving the resource near the site of its initial gold discovery, Tower collected two till samples 400 meters (437.5 yards) west of its Lightning Zone on the Dominic Lake Train.
What You Need To Know: Results from Tower's new till samples exceeded the results from the October 2021 till samples, which the Company used to guide its maiden drill program that resulted in a gold discovery.
The samples "revealed a new, much coarser, and therefore higher grade, gold propagation trend."
"This indicates either a new gold discovery with higher returns or a potentially larger expansion in the overall size of the original discovery," Joe Dhami, Tower President and CEO, told Benzinga.
Tower named the new expansion train Central Train because of its position, which is "halfway between the Dominic Lake and Durand Creek trains."
“Our new gold-rich Central Train and the previously announced Durand Creek Train clearly demonstrate that we have found a large gold system at Rabbit North and the Lightning Zone is not a one-off discovery. We are very excited about the grade potential of the indicated new gold zone and its great location just 400m from our Lightning Zone,” said Dhami.
Also see: Check out what whales are doing with GOLD
Why It Matters: Overburden Drilling Management, Ltd. (ODM), the contractor that Tower retained for its Till sampling and sample processing, has been studying gold grain extension traits for nearly 50 years. Through its experience, it has determined that assay assay samples are "predictive of the grade of the bedrock source from which the grains are derived."
The grades ODM found while completing cash investigations "of the Dominic Lake Train and its source, the Lightning Zone, confirm (this) relationship, indicating it should apply to the new, richer Central Train as well."
The Technical Data: Comparing the accuracy of the Till assays completed in October 2021 and assay results encountered during follow-up drilling programs to the results of the recently completed and processed Till assays gives investors an idea of ​​what is to come upon the completion of Tower expects a diamond drilling program at its new discovery.
As of October 2021, Tower assay results indicated an average of 1.54 grams per tonne gold (g/t Au), which correlated closely with grades from the first three drill holes Tower intersected during its first follow-up program at the Lightning Zone.
The new assay results (samples 245 and 246) are much higher at 3.9 g/t and 21.67 g/t respectively, "indicating a correspondingly higher swelling grade".
What's Next: While Tower's new gold discovery looks encouraging, the Company also announced that it has completed its five-hole follow-up drill program at the Lightning Zone and has submitted all drill core from the program.
While the Company is awaiting official assays, Tower noted that in hole 038, it "encountered 83.2 meters of ubiquitous sericte-silica-pyrite alternation between 52.2 and 136 meters downhole." The visual results indicate that the hole may return a higher grade of mineralization than the first discovery hole.
Interesting fact
In mining, location is key and Tower's Rabbit North property is located between New Gold Inc.'s (NYSE:NGD) underground New Afton copper and gold mine and Teck Resources Ltd.'s Highland Valley open pit copper mine. (NYSE:TECK). molybdenum mine.
TWRFF Price Action: Tower Resources ended Tuesday's trading session down 1.61% at $0.159.
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