Tower begins 3,000-metre drill program at Rabbit North
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On November 6, 2025, Tower Resources announced the commencement of a 3,000-metre, 12-hole diamond drilling program at its flagship Rabbit North property in British Columbia. The program is designed to expand the high-grade Thunder North and Blue Sky gold zones along strike and to depth, testing mineralization up to 300 metres. The company notes that the program could be expanded to 5,000 metres if initial results are successful.
This program is funded by the recently completed C$2.16 million flow-through private placement.
The commencement of a drill program is a routine operational update. It is the necessary and expected next step following the company's successful financing that closed on October 30, 2025, which was explicitly raised for this purpose. Therefore, the news itself is not a surprise to the market.
However, the event is positive as it activates the next major catalyst for the company: drill results. This program follows exceptionally strong till survey results announced on November 3, 2025, which identified a massive gold grain anomaly and more than doubled the footprint of the known gold system. This geological context significantly increases the probability of a successful drill campaign, making the commencement of drilling a positive and critical step in advancing the project.
The impact is rated "Routine - Positive" rather than "Material" because the market was already aware that this fully-funded program was imminent. The material news will be the assay results, not the turning of the drill. The stock price has already appreciated in anticipation of this program following the financing and till survey news. This announcement confirms the company is executing its stated plan on schedule.
Tower Resources Ltd. is a Canadian-based junior mineral exploration company focused on precious and base metals. Its flagship asset is the Rabbit North property, located within the prolific Kamloops mining district in southern British Columbia.
The company has systematically advanced the Rabbit North project using till geochemistry surveys to identify drill targets, a strategy that has led to four gold discoveries since 2021: Lightning, Thunder, Thunder North, and Blue Sky. Recent exploration has focused on the Thunder North and Blue Sky zones, which have returned significant high-grade gold intercepts, including: - Blue Sky: 31.5 m of 4.15 g/t Au (Hole 055) and a 70m step-out of 6.02 m of 23.63 g/t Au (Hole 060). - Thunder North: 15.85 m of 5.80 g/t Au (Hole 056) and a 50m step-out of 19.0 m of 4.93 g/t Au (Hole 062).
The project benefits from excellent infrastructure and year-round accessibility.