Northwire Canada EditionFriday, October 30, 2026
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Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3% Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3%
Drill Results Routine +

Tower Begins Drilling at Rabbit North Following Logistical Delays

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

By The Northwire Desk — AI Analysis Jun 03, 2026 · 07:31 TWR · 0.17 Tower Resources Ltd.
Executive Summary
  • Tower Resources has commenced diamond drilling at its Rabbit North property in British Columbia following logistical delays.
  • The program targets approximately 400 meters of untested structure within the 2.7-kilometer Thunder-Blue Sky orogenic gold trend.
  • Initial drilling (Hole 074) intersected strongly deformed and pyritized intervals consistent with target geology.
  • An extension to Hole 073 is temporarily deferred pending access studies along a seasonal creek.
  • The company plans ~10 holes to extend the gold zone southwest and close gaps between the Thunder North and Blue Sky zones.
Material Impact
  • The news confirms the execution of the drilling program previously permitted in April 2026.
  • The start date (June 3) reflects a delay from the initial April mobilization, attributed to logistical and access constraints.
  • Current updates are geological indicators rather than assay results, meaning no immediate grade or resource impact has materialized.
  • The deferral of Hole 073 highlights operational friction but does not derail the overall program scope.
  • The update is incremental and aligns with the company's stated exploration timeline, providing no new market-moving catalysts at this stage.
TWR · Price
Company Overview
  • Tower Resources is an exploration-stage gold company focused on the Rabbit North property in the Kamloops porphyry Cu-Au mining district of British Columbia.
  • The flagship project features the Blue Sky and Thunder North orogenic gold zones, characterized by high-grade, near-surface intersections.
  • Notable historical intercepts include 40.05 g/t Au over 6.3 m and 23.63 g/t Au over 6.02 m.
  • The company is utilizing till gold-grain surveys and diamond drilling to expand the known footprint, which now spans approximately 1.5 km².
  • The project is in the exploration phase with no declared resources or reserves.
Read the original news release →

More from Tower Resources Ltd.

Oct 15, 2026 · 07:31

Tower’s Blue Sky infill drilling confirmed 0.65 g/t bulk grades without revealing new scale or catalysts for the project.

Drill Results Aug 13, 2026 · 07:01

Tower reported a 48 g/t gold hit in a 48 m interval, alongside two step-out misses and a delayed assay pipeline.

Drill Results 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