Tower Reports Initial Assay Results from Its June Diamond Drilling Program at Rabbit North, Intersects 18.8 m of 2.57 g/t Au near Top of Thunder Zone

Early drill results show promising gold but no financials or resource size disclosed.

What the company is saying

Tower Resources Ltd. reports assay results from the first three holes of its June diamond drilling program at the Rabbit North property near Kamloops, B.C. The announcement highlights a high-grade gold intercept in Hole 074, averaging 5.74 g/t Au over 7.3 m, including a 0.7 m interval at 43 g/t Au, and lower-grade gold over a longer interval. Hole 075 returned copper, gold, and molybdenum values from the Rainbow breccia pipe, with two mineralized sections up to 22.6 m in length. The company emphasizes operational progress—eight holes drilled, all core logged, with 568.9 m of core still uncut and pending further assay results. The technical content is reviewed by Stuart Averill, P.Geo., a director and Qualified Person, which the company references for regulatory credibility. The tone is positive and focused on technical achievement, but omits any discussion of financial impact, resource size, or next steps beyond pending assays.

What the data suggests

The data confirms eight holes totaling 2303.5 m were drilled, with assay results disclosed for holes RN26-074 to 076. Hole 074 intersected the Thunder zone 70 m below surface, returning a high-grade interval of 5.74 g/t Au over 7.3 m and a lower-grade section averaging 0.55 g/t Au over 11.5 m. Hole 075 encountered two mineralized zones in the Rainbow breccia pipe, with the best interval returning 0.38% Cu, 0.71 g/t Au, and 0.015% Mo over 5.3 m, and a longer interval at slightly lower grades. No resource estimate, tonnage, or economic analysis is provided. The disclosure is technically detailed but lacks financial data, cost figures, or any indication of project scale or commercial viability. With 568.9 m of core still uncut, the results are incomplete and provide only a partial view of the program's success.

Analysis

The announcement is focused on reporting realised assay results from the first three holes of a drilling program, with detailed numerical data provided for gold and copper grades. The language is positive but proportionate to the operational progress disclosed; there are no exaggerated claims about future production, resource size, or economic impact. The only forward-looking statements are generic legal disclaimers, not substantive projections. No large capital outlay or financial commitments are disclosed, and there is no discussion of project economics, profitability, or timelines for monetisation. The gap between narrative and evidence is minimal, as all key claims are supported by specific assay data. However, the absence of any financial or profitability metrics means the signal cannot be stronger than weak_positive.

Risk flags

• ●The absence of resource estimates or economic analysis means investors have no basis to assess the project's scale or potential profitability. Without these metrics, assay results alone cannot support a valuation.
• ●No financial data, cost disclosures, or cash position are provided, leaving the company's ability to fund continued exploration or development unclear. This raises uncertainty about operational continuity.
• ●With 568.9 m of core still uncut and results pending, the current data set is incomplete. Subsequent assays could materially change the interpretation of the drilling program's success or failure.

Bottom line

This announcement gives a technically detailed but financially incomplete snapshot of Tower Resources' early-stage drilling at Rabbit North. The disclosed gold and copper grades are promising in isolated intervals, but without resource size, cost, or economic data, investors cannot gauge the project's value or viability. The lack of financial disclosure and pending assay results mean the story is unfinished and the investment case unproven. Until the company provides resource estimates, economic studies, or financial updates, these results are not actionable for most investors. The single most important takeaway is that while the grades are encouraging, there is no basis yet for a financial or valuation decision.

Announcement summary

(TSXV: TWR) Tower Resources Ltd. reported gold results for the first three holes of the June diamond drilling program on the Company's Rabbit North property near Kamloops, B.C. Eight holes totaling 2303.5 m were drilled, with assay results presented for holes RN26-074 to 076. Hole 074 intersected the Thunder zone beginning 70 m vertically below surface, with a high-grade upper zone averaging 5.74 g/t Au over 7.3 m, including 43 g/t Au over 0.7 m, and a lower zone averaging 0.55 g/t Au over 11.5 m. Hole 075 intersected the Rainbow Cu-Au-Mo breccia pipe, returning 0.38% Cu, 0.71 g/t Au and 0.015% Mo over 5.3 m, and 0.35% Cu, 0.56 g/t Au and 0.012% Mo over 22.6 m. All core was logged but 568.9 m remain uncut, primarily in Holes 078 and 080 on the Blue Sky target and Hole 081 on Thunder North. The technical content of the news release was reviewed and approved by Stuart Averill, P.Geo., a director of the Company and a Qualified Person as defined by National Instrument 43-101.

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