Operator

Tower Resources Inc.

Terms

2.0% NSR

Acquisition Date

2017 / Mar / 14

The Rabbit North property is located in the Kamloops mining division of south-central British Columbia and covers more than 13,500 ha. The property is road accessible and neighbour to the New Afton underground copper-gold mine operated by New Gold Inc. and the Highland Valley open pit copper mine, Canada’s largest copper producer, operated by Teck Resources Limited.

Alkalic porphyry-related copper mineralization and alteration at Rabbit North occurs in two host rock types. These include the late Triassic to early Jurassic Duran Stock, which is a zoned alkaline intrusion measuring approximately 2.0 km by 3.0 km, and the intrusion’s volcanic country rocks assigned to the upper Triassic Nicola Group.

Early exploration was completed by major companies including Noranda and Cominco followed by junior companies like Auterra Ventures. Most work concentrated on the well exposed Durand Stock. Collectively, the historic work outlined numerous porphyryrelated targets that Tower Resources investigated in detail during the 2013 and 2014 field seasons. Results of this work were used to define drill targets that were tested in 2016 and 2017. In July 2017 Tower Resources intersected the best grades reported from the property to date with 247.0 metres of 0.51% copper and 0.34 g/t gold from 208.0 metres.

Recent Activities

May 2018
Exploration plans for 2018 include additional mapping, sampling, geophysical surveys, core re-logging and up to 2,000 metres of diamond drilling.
 

October 2017
Further drilling identifies copper and gold mineralization and expands the current resource area more than 1 kilometre south of the Western Magnetite Zone towards the Chrysocolla Zone. Results from the largest step-out Tower has drilled to date include:

  • 256 metres of 0.11% copper and 0.24 g/t gold (0.20% copper equivalent) from 42.0 metres
  • 133 metres of 0.19% copper and 0.31 g/t gold (0.41% copper equivalent) from 92.0 metres

 

July 2017
Results from Tower Resources 2017 diamond drill program returned long intervals of porphyry related copper and gold mineralization in several holes at the Western Magnetite Zone. Highlights include the most significant intercept to date including drillhole RN17-015 with 247 metres of 0.51% copper and 0.34 g/t gold from 208.0 metres.

Rabbit North Royalty MapRabbit North Royalty Map