Northwire Canada EditionWednesday, July 29, 2026
Sign inSubscribe
Northwire
⌕
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Tower Commences Till Gold-Grain Survey to Guide Accelerated Diamond Drilling Campaign at Rabbit North

By The Northwire Desk — AI Analysis Oct 02, 2025 · 07:31 TWR · 0.205 Tower Resources Ltd.
TWR · Price

Executive Summary

  • Tower Resources has begun a 70‑sample till gold‑grain survey on the Rabbit North property to guide its upcoming diamond drilling program.
  • The survey targets the eastern extension of the Dominic Lake gold‑grain train and aims to locate additional high‑grade gold sources between the Lightning and Blue Sky zones.
  • Results are expected within three weeks, with a planned minimum 3,000 m drill program to follow, maintaining Tower’s historic ~50% hit rate for significant Au mineralization.

Key Details

  • Survey Scope: Approximately 70 till samples collected on a 100 × 200 m infill grid across the eastern portion of the Dominic Lake train.
  • Objective: Identify undiscovered gold‑grain sources in the Durand Stock diorite, particularly between the Lightning and Blue Sky shear zones.
  • Historical Context: Prior till surveys (May 2021, Oct 2021, Sep 2022) led to discoveries of Lightning, Thunder, Thunder North, and Blue Sky zones with a 50% drill‑hole “hit” rate.
  • Key Historical Intersections Referenced:
  • Hole RN25‑060 – 6.02 m @ 23.63 g/t Au (July 10, 1995 release)
  • Historical hole No. 1990‑05 – 39.7 m @ 1.75 g/t Au
  • Historical hole No. 1997‑07 – 10.0 m @ 12.51 g/t Au
  • Survey Contractor: Overburden Drilling Management Limited, specialists in gold‑grain tracing.
  • Timeline: Gold‑grain processing expedited; results anticipated within three weeks of sample collection.
  • Next Steps: Pending survey results, a minimum of 3,000 m of diamond drilling will commence, with initial holes likely positioned near the Blue Sky zone to preserve the 50% hit rate.
  • Qualified Person: Stuart Averill, P.Geo., Director and QP (NI 43‑101).

Notable Quotes

  • “Given the precision with which Tower's earlier till gold grain surveys pinpointed the Company's previous gold discoveries, the present survey is expected to extend the Company's remarkable 50% drill hole ‘hit’ rate of significant Au mineralization at Rabbit North.” – Joe Dhami, President and CEO

Materiality Assessment: Non‑Material – Positive (operational update with forward‑looking elements but no immediate financial impact).

Read the original news release →

More from Tower Resources Ltd.

Jul 21, 2026 · 17:00

Tower closes the final $1.72m tranche, extending the cash runway for its Rabbit North exploration program.

Financings Jul 07, 2026 · 17:01

Tower raised capital to fund Rabbit North drilling, extending its financial runway despite ongoing cash burn concerns.

Financings Jun 25, 2026 · 07:01

Tower Makes Good Progress Infilling Gaps Between Gold Zones at Rabbit North

Drill Results Jun 16, 2026 · 17:01

Tower Resources secured $1.72 million for Rabbit North drilling, with dilution offset by strategic director participation and exploration momentum.

Financings Jun 03, 2026 · 07:31

Tower Resources advances drilling at Rabbit North to validate high-grade zones at Blue Sky and Thunder North despite logistical challenges.

Drill Results Apr 23, 2026 · 07:01

Tower Resources Resumes Drilling at Rabbit North as Gold Grades Hold Steady Amidst Price Correction

Production / Operations