Tower Reports Solid Drilling Progress at Rabbit North with Six Holes Completed at Blue Sky and Thunder North Up Next

The most recent news release, dated 2025-11-25, reports solid drilling progress at the Rabbit North property. The company has completed six holes, totaling 1,756 meters, at the Blue Sky gold zone. This represents over half of the planned 3,000-meter diamond drilling program and was completed ahead of schedule and significantly under budget. The drill rig is now being mobilized to the Thunder North zone to complete approximately six additional holes. The news release highlights previous high-grade gold intersections from the Blue Sky and Thunder North zones (e.g., 31.5m of 4.15 g/t Au in RN24-055, 6.02m of 23.63 g/t Au in RN25-060, 19.0m of 4.93 g/t Au in RN25-062). The company is also considering additional holes to follow up on promising intersections.

This news is a positive operational update, confirming efficient execution of the currently funded 3,000-meter diamond drilling program at Rabbit North. Completing over half of the program at the Blue Sky zone ahead of schedule and under budget demonstrates good project management and cost control. The transition of the drill to Thunder North is a natural progression of the program.

However, this release does not provide new assay results, which would be the primary driver for a material positive impact on the stock price in an exploration company. The high-grade intersections mentioned in the news are from previously reported drilling campaigns (December 2024, January 2025, and July 2025), serving as a reminder of the project's prospectivity rather than a new discovery or upgrade.

In the context of recent news, the company successfully completed a till gold grain survey (reported 2025-11-03) which expanded the gold system's footprint significantly and identified a major new anomaly. This was followed by the commencement of the 3,000-meter drilling program (reported 2025-11-06), fully funded by a recently closed $2.157 million private placement (final tranche closed 2025-10-30). Therefore, the current news is an update on the progress of an already announced and funded program, indicating strong operational performance but not new geological data. It's a routine positive development that confirms the company is moving forward as planned and effectively managing its resources.

Tower Resources Ltd. is a Canadian mineral exploration company focused on the discovery and development of precious and base metal deposits. Its flagship project is the Rabbit North Gold-Copper Property, located near Kamloops, British Columbia, within the prolific Kamloops porphyry Cu mining district.

The Rabbit North property is an early-stage exploration project that has yielded multiple gold discoveries including the Lightning, Thunder, Thunder North, and Blue Sky zones. The company is actively working to expand the known mineralization at these zones through diamond drilling and geophysical surveys. Recent focus has been on the high-grade Blue Sky and Thunder North zones, where previous drilling has returned significant gold intersections. The project also shows potential for porphyry copper-gold-molybdenum mineralization (Rainbow zone).

The company is employing systematic exploration methods, including till gold-grain surveys, to identify and delineate new targets and expand the footprint of the known gold system.