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An update from Tower Resources ( (TSE:TWR) ) is now available.
Tower Resources has completed an expanded 3,213-metre diamond drilling program at its Rabbit North project in British Columbia’s Kamloops mining district, targeting the high-grade Blue Sky gold trend and the Thunder North gold zone. Six holes were drilled on Blue Sky to refine understanding of gold mineralization along the Durand diorite–Nicola tuff contact and to follow up on previous high-grade intersections and a strong till gold grain anomaly, while five holes at Thunder North aimed to test structural continuity with the nearby Thunder Zone, extend mineralization at depth and along strike, and close data gaps created by earlier dyke intersections. With most of the core expected to be assayed before drilling resumes in February, the campaign is designed to delineate the scale and continuity of a younger, orogenic gold system that differs from the district’s typical porphyry-style deposits, potentially enhancing Rabbit North’s strategic importance and value for stakeholders if significant gold continuity is confirmed.
Spark’s Take on TSE:TWR Stock
According to Spark, TipRanks’ AI Analyst, TSE:TWR is a Neutral.
The overall score reflects significant financial challenges, with no revenue and persistent losses weighing heavily. Technical indicators suggest weak momentum, further dampening the outlook. However, recent positive corporate events, such as new resource discoveries, offer some promise for future potential, slightly boosting the score.
To see Spark’s full report on TSE:TWR stock, click here.
More about Tower Resources
Tower Resources is a Canadian-based mineral exploration company focused on discovering and advancing economic mineral projects in the Americas. Its key assets in British Columbia include the Rabbit North orogenic gold and porphyry copper-gold project located between the New Afton and Highland Valley copper mines in the Kamloops mining district, as well as the Nechako gold-silver project near Artemis’ Blackwater project.
Average Trading Volume: 71,148
Technical Sentiment Signal: Buy
Current Market Cap: C$31.42M
See more data about TWR stock on TipRanks’ Stock Analysis page.