Tower Intersects 20.3 m of 3.13 g/t Au, Including 8.0 m of 7.16 g/t Au, at Rabbit North's Blue Sky Zone

Tower Resources reports high-grade gold intervals at Rabbit North, advancing Blue Sky Zone potential.

What the company is saying

Tower Resources Ltd. is highlighting assay results from Holes 077 and 078 at its Rabbit North property in British Columbia, focusing on the Blue Sky Zone. The company emphasizes the intersection of 20.3 metres at 3.13 g/t Au (including 8.0 metres at 7.16 g/t Au) and 134.0 metres at 0.65 g/t Au in Hole 077, as well as 50.3 metres at 1.07 g/t Au (including 3.6 metres at 4.15 g/t Au and 10.0 metres at 2.29 g/t Au) and 114.5 metres at 0.44 g/t Au in Hole 078. The narrative frames these results as successful infill drilling between the Blue Sky and Thunder North zones, with the technical content reviewed by Stuart Averill, P.Geo., a director and Qualified Person. The announcement explains that assay delays were due to a shortage of experienced core cutters, with the remaining core processed in late September. The company positions these results as a step forward in defining the scale and continuity of mineralization at Rabbit North, without making forward-looking production or resource claims.

What the data suggests

The disclosed assay results from Holes 077 and 078 show both high-grade and broad lower-grade gold mineralization in the Blue Sky Zone. Hole 077 returned 20.3 metres at 3.13 g/t Au in the Upper Domain, including a strong sub-interval of 8.0 metres at 7.16 g/t Au, and a substantial Lower Domain interval of 134.0 metres at 0.65 g/t Au, with a 1.5-metre section grading 16.70 g/t Au. Hole 078 intersected a thicker Upper Domain of 50.3 metres at 1.07 g/t Au, including 3.6 metres at 4.15 g/t Au and 10.0 metres at 2.29 g/t Au, and a Lower Domain of 114.5 metres at 0.44 g/t Au, with a 1.4-metre interval at 7.13 g/t Au. These results are consistent with earlier drilling, such as Hole 055 (198.75 metres at 0.69 g/t Au), indicating continuity of mineralization. All intervals are reported as core lengths, with true widths not determined. The technical data is detailed and transparent, but no resource estimate or economic assessment is provided, as expected at this exploration stage.

Analysis

The announcement is a factual disclosure of gold assay results from two drill holes at the Rabbit North property in British Columbia. All key claims are realised and supported by specific numerical data (intervals, grades, depths), with no forward-looking statements or promotional language present. There are no exaggerated claims about future production, resource size, or economic impact, and no capital outlay or financial projections are discussed. The tone is positive but proportionate to the technical results disclosed. As this is a pre-resource exploration-stage update, the absence of financial or profitability metrics is normal and not a deficiency. The data supports a weak_positive signal due to the credible and specific technical progress reported.

Risk flags

• ●Resource and economic viability remain unproven, as no resource estimate or economic study has been disclosed. The company is still in the exploration phase, and mineralization continuity, grade, and tonnage must be confirmed before any development decision.
• ●Operational delays are evident, with assay results for several holes postponed due to a shortage of experienced core cutters. Such logistical challenges can impact project timelines and investor confidence if they persist.
• ●Geological complexity is present, with variable cover thickness (up to 70 metres of basalt and gravel) and structural features like thrust faults and diorite-tuff contacts. These factors can complicate resource modeling and future mine planning.

Bottom line

Tower Resources has delivered detailed gold assay results from two key holes at Rabbit North, demonstrating both high-grade and broad lower-grade intervals in the Blue Sky Zone. The technical disclosure is comprehensive, with all significant intervals and grades reported, and the results support the potential for a sizeable mineralized system. However, the project remains at an early exploration stage, with no resource estimate or economic assessment available. Operational delays due to staffing shortages highlight execution risks, and geological complexity adds uncertainty to future modeling. Investors should focus on upcoming assay results from the remaining June drill holes and watch for any move toward a formal resource estimate. The most important takeaway is that while these results are promising, the path to value realization is still at an early and uncertain stage.

Announcement summary

(TSXV:TWR) Tower Resources Ltd. reported gold assay results from Holes 077 and 078 of its June diamond drilling program on the Rabbit North property near Kamloops, British Columbia. Hole 077 intersected 20.3 metres of 3.13 g/t Au in the Upper Domain of the Blue Sky Zone, including 8.0 metres of 7.16 g/t Au. The Lower Domain in Hole 077 returned 134.0 metres of 0.65 g/t Au, with a sub-interval of 1.5 metres grading 16.70 g/t Au. Hole 078 intersected a thicker Upper Domain of 50.3 metres averaging 1.07 g/t Au, including 3.6 metres of 4.15 g/t Au near the top and 10.0 metres of 2.29 g/t Au at the bottom. The Lower Domain in Hole 078 returned 114.5 metres of 0.44 g/t Au, with a sub-interval of 1.4 metres grading 7.13 g/t Au. Both holes were drilled from a common pad, 50 metres southwest of the Blue Sky discovery hole (Hole 055), to infill a 400-metre untested gap between the Blue Sky and Thunder North gold zones. Hole 077 reached a total depth of 362.0 metres, while Hole 078 reached 468.0 metres. The June drilling program comprised eight holes totaling 2,303.5 metres. Results from the first three holes (RN26-074 to 076) were released previously, while results from the remaining five holes were delayed due to a shortage of experienced core cutters. The Blue Sky Zone in this area is covered by up to 70 metres of younger Chilcotin basalt, oxide-cemented alluvial gravel, and saprolite. Previous drilling in the area (Hole 055) intersected 198.75 metres of 0.69 g/t Au and 31.5 metres of 4.15 g/t Au. The technical content of the release was reviewed and approved by Stuart Averill, P.Geo., a director of the company and Qualified Person as defined by NI 43-101. The Rabbit North project is located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district. Joe Dhami is President and CEO of Tower Resources Ltd.

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