Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Production / Operations Routine +

Tower Receives Permit for New Diamond Drilling Program at Rabbit North

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

By The Northwire Desk — AI Analysis Apr 23, 2026 · 07:01 TWR · 0.165 Tower Resources Ltd.
Executive Summary
  • Date: 2026-04-23
  • Event Type: Operations Update – Permit Approval
  • Summary: Tower Resources received regulatory approval to resume diamond drilling at its Rabbit North orogenic gold discovery.
  • Scope: Up to 15 approved drill sites mobilized, with a minimum of ten sites planned (some featuring second holes).
  • Objectives: Close the untested gap between Thunder North and Blue Sky zones, extend Thunder zone westward toward Durand Creek Fault, and test a historical gold intersection.
  • Technical Details: Hole 73 extension targets depth of 300m to test high-grade Thunder North zone; four holes planned for the 400m gap between zones at 50m intervals.
  • Geological Context: Targets are "blind" due to glacial till and Miocene basalt lava flows covering Mesozoic basement rocks.
Material Impact
  • News Rating: Routine - Positive
  • Assessment: The news confirms operational execution following the high-grade assay results released in March 2026 (40.05 g/t Au). While technically positive, it is an administrative step to resume drilling after a holiday pause and does not introduce new geological data or financial terms.
  • Market Context: Despite strong drill results in March 2026, the stock price declined from $0.24 (Jan/Feb) to $0.17 (April). This suggests the market has already priced in the exploration progress or remains skeptical about near-term monetization without a resource estimate.
  • Expectations: The permit aligns with previous announcements regarding the 3,000m+ drilling program funded in October 2025. It is not unexpected and therefore lacks immediate material upside potential relative to the company size.
TWR · Price
Company Overview
  • Company: Tower Resources Ltd. (TSXV: TWR).
  • Flagship Project: Rabbit North Gold Property (Kamloops Porphyry Cu Mining District, BC).
  • Project Status: Exploration phase with ongoing diamond drilling.
  • Key Zones: Thunder North, Blue Sky, Lightning Zone.
  • Geology: Orogenic gold system hosted in shear zones within Nicola volcanics and Durand diorite stock.
  • Infrastructure: Year-round drill access; proximity to active mines (Highland Valley, New Afton).
Read the original news release →

More from Tower Resources Ltd.

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 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