Tower Resources Launches Spring Drilling at Rabbit North

Tower Resources ( (TSE:TWR) ) just unveiled an update.

Tower Resources has commenced its spring 2025 diamond drilling program at the Rabbit North property near Kamloops, B.C., targeting the high-grade Blue Sky, Thunder, and Thunder North gold discoveries. The program aims to explore the vertical and lateral continuity of the Blue Sky zone, with plans for a summer drilling program to expand on these efforts. This initiative is expected to enhance Tower’s exploration capabilities and potentially lead to significant developments in both open pit and underground mining opportunities.

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. The company’s key exploration assets, all located in British Columbia, include the Rabbit North orogenic gold and porphyry copper-gold project, the Nechako porphyry-associated gold-silver project, and the More Creek epithermal gold project.

Average Trading Volume: 88,128

Technical Sentiment Signal: Hold

Current Market Cap: C$20.14M

Learn more about TWR stock on TipRanks’ Stock Analysis page.