Tower Resources Receives Multi-Year Exploration Permit for Nechako Gold Project
Septe ember 12, 2 2017 TWR: T TSX Ventur re Exchang ge
NEW WS RELEAS SE
Tow wer Resour rces Receive es Multi-Yea ar Explorat tion Permit for Necha ako Gold Pr roject
Company”) is pleased t
Vanc couver, B.C
C. - Tower R Resources L Ltd., (“Towe er or the “C to annou unce that it has received d a Multi-Ye ear Area Bas sed (MYAB B) Mines Act t permit from m the B B.C. governm ment authoriz zing a multi-disciplinary y five-year e exploration p program at it ts Nech hako Gold Pr roject. The C Company plans to comm mence drillin ng in mid-Oc ctober.
Unde er this new N Notice of Work Mines A Act permit T Tower has pe ermission ov ver five year rs to com mplete rever rse circulatio on drilling fr from 100 drill pad locati ions and diam mond drillin ng covering all key target a from 30 drill pad d locations c areas on the property. To ower also ha as perm mission to com mplete 10 ki ilometers of f upgrades to
- existing ac ccess, and an n additional 5
kilom meters of ex xploration tr rail construc ction for tra ack-mounted d reverse cir rculation an nd skid-m mounted diamond drill ling. This n new permit authorizatio on allows fo or significan nt advan ncement of t the property through exte ensive explo oration over a five-year t time frame.
The N Nechako Go old property comprises 1 10 mineral te enures totall ling 5,940 h hectares in th he le property is Nech hako Plateau u Region of f central Bri itish Columb bia. The roa ad accessibl locate ed approxim mately 30 kilometres northeast of New G Gold Inc.'s s Blackwate er devel lopment proj ject. Blackw water contain ns a proven a and probable total mine eral reserve o of 8.2 m million ounc ces of gold w with 60.8 m million ounces of silver (source: Ne ew Gold Inc c. website). The N Nechako Go old property y is deeme ed prospecti ive for Bla ackwater-typ pe epithermal gold and silver r mineralization and porphyry-re elated copper and gol ld miner ralization. A prominen nt gold grai in anomaly at least 3.5 kilometre es long by 2 kilom metres wide w was defined on the prop perty by systematic till sa ampling in l late 2016 (se ee press release Janu uary 18, 2017).
The t technical co ontent of thi is news rele ease has bee en reviewed d and approv ved by Paol la Chad dwick, P.Geo o., Exploratio on Manager for the com mpany and qu ualified pers son as define ed by Na ational Instru ument 43-10 01.
Abou ut Tower Re esources
Towe er Resource es Ltd. (TW WR.V) is a Vancouver r based jun nior mineral exploratio on comp pany focused on the d discovery an nd advancem ment of eco onomic mineral project ts, primarily in British Columbia. The company’s key exploration assets are Rabbit North, Nechako Gold and More Creek.
Tower Resources Ltd.
Mark Vanry - Director, CEO & President (604) 558-2565 [email protected] 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 Statement Caution
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 Tower'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.