About Tower Mountain
The Company is earning a 100% interest in the Tower Mountain property through a series of earn in agreements. Tower Mountain offers year-round access, located five kilometres off the Trans-Canada highway. The property has been explored since the late 1970’s by various companies. Surface rock sampling has identified over 25 anomalous gold occurrences, which surround a semi-circular syenite intrusive locally known as the Tower Mountain Intrusive Complex (“TMIC”).
Over 170 diamond drill holes totalling 39,000 metres have been drilled to date. The surface sampling and drilling define a semi-circular ring, measuring 7500 metres in circumference and 500 metres in width surrounding the TMIC. Drilling to date has only tested a 1500-metre long section of the contact aureole, less than 20% of the total circumference. Mineralization within the contact zone extends from the drill collar to the drill hole terminus with gold mineralization identified to depths of 500 meters from surface. The drill results suggest that 25-35% of the contact zone averages 0.80 to 1.00 g/t Au, similar to the average grade of Canada’s two largest producing mines.
why choose Tower Mountain
The Company believes that the mineralization discovered to date at Tower Mountain represented the disseminated, low-grade mineralization typical of an Intrusion Related Gold Deposit (“IRGD”). IRGD’s are an important source of gold production from low-grade, large tonnage gold deposits globally as they frequently evolve into Tier One gold assets. Tier One assets are those that have a mineral resource greater than 10.0 M oz Au, an annual production capability of greater than 500,000 oz Au and a mine life in excess of 20 years.
Magnetic and Induced Polarity (“IP”)
Magnetic and Induced Polarity (“IP”) geophysics both appear to be invaluable exploration vectors to isolate the perimeter of the TMIC and highlight areas of increased sulphide content at Tower Mountain.
The Company plans to aggressively explore the contact aureole surrounding the TMIC. The initial phase will be expanded IP coverage, followed by target prioritization and follow up diamond drilling.