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Tower Resources PLC

Publié le 11 juin 2013

Commences 2013 Exploration Season; Mobilizes Geophysical Crew to Baez Project

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Mots clés associés :   Canada |
NEWS RELEASE
CORPORATE PROJECTS INVESTORS NEWS CONTACT
 
June 11, 2013

Tower Resources Commences 2013 Exploration Season; Mobilizes Geophysical Crew to Baez Project

Vancouver, B.C. - Tower Resources Ltd., (TSX.V: TWR) has commenced its 2013 exploration program at its 100% controlled Baez epithermal gold (Au) and silver (Ag) property in the Nechako Plateau region, central British Columbia. The road accessible Baez Property consists of sixty-three mineral claims totalling 29,900 hectares, located 125 kilometres west of Quesnel. The property is 60 kilometres southeast of New Gold Inc.'s Blackwater Gold Project (7.52 Moz of indicated Au and 2.66 Moz of inferred Au; New Gold Inc.'s Press Release September 20, 2012).

Tower's 2013 field program at Baez will initially consist of a focused IP (Induced Polarization) geophysical survey aimed at defining the size and scale of the three main targets with known epithermal related mineralization: the Camp, Clusko and Boulder Ridge South targets. The Camp target area encompassed the bulk of historic drilling and is located 3.5 kilometers northeast of the Clusko Zone, and 1.7 kilometers east of the Boulder Ridge South target.

Of significance is the newly identified and un-drilled Boulder Ridge South target (see Tower's January 24, 2013 Press Release) which is centered on a north trending prominent topographic ridge. Previous work in this area by Phelps Dodge in 1994 included road building and drill pad construction, however, the company terminated exploration on the project prior to drilling. On the ridge top, exposed in trenches and road-cuts, are outcrops and subcrops that are characterized by altered, brecciated and mineralized felsic volcanic rocks where outcrop samples yield up to 0.34g/t Au with 3.1g/t Ag and subcrop where samples yield up to 1.71g/t Au with 21.1g/t Ag (see Tower's January 24, 2013 Press Release). In the vicinity of these outcrops and down paleo-ice flow direction, (i.e., northeast of the ridge) are numerous areas with an abundance of large angular siliceous boulders (up to 1.5 metres in diameter) which yield significant assay results of up to 5.02g/t Au with 30.7g/t Ag (see Tower's January 24th, 2013 Press Release). The proximity of these boulder occurrences with mineralized outcrop suggests a local source for the mineralized boulders.

To assist in focusing the footprint of the IP geophysical survey, Tower also recently completed a property scale compilation of historic airborne geophysical data (1993, 1994 and 2008 vintage) that covers an area of 25 by 15 kilometres. Tower contracted MIRA Geoscience Ltd., of Vancouver, BC to complete the compilation and execute advanced interpretation including a robust 3D inversion. New targets identified within this compilation are characterized by coincident magnetic anomalies with areas of high conductivity response. The IP geophysical survey will also cover some of these new target areas.

These airborne geophysical anomalies coupled with the presence of mineralized boulders down-ice from the ridge and the presence of hydrothermally brecciated rhyolite in outcrop suggests the ridge is in part underlain by a structurally controlled, north-striking corridor of silicified and mineralized felsic breccia. The planned IP geophysical survey is designed to define the true size and scale of this corridor.

In conjunction with the IP geophysical survey Tower will continue to explore the property by mapping, sampling and further geochemical surveys over newly identified geophysical targets.

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.

Some technical information contained in this release is historical in nature and has been compiled from sources believed to be accurate.

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 Statements

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 West Cirque'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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Tower Resources PLC

CODE : TRP.L
ISIN : GB00B05KQ069
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Tower Res. est une société développant des projet miniers et de pétrole basée au Royaume-Uni.

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