Tower Resources Ltd. (V:TWR)
Business Focus: Diversified Mining
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Insider Filings
Latest 10 SEDI filings for TWR within the last 6 months
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Company News
Mar 04, 2024 08:30 ET
Tower Resources Renews 5-Year Permit and Unveils Future Drill Plan at Rabbit North
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report that its exploration permit for its 100% owned Rabbit North and West Afton property, spanning 17,526 hectares, has been renewed for 5-years. Situated strategically 14 km southwest of the New Afton copper and gold mine (New Gold Inc.) and 27 km northeast of the Highland Valley copper mine (Teck Resources Ltd.), the Rabbit North project offers exceptional exploration potential. Furthermore, the Kamloops region has an experienced workforce and infrastructure that facilitates year-round exploration.
Jan 18, 2024 08:30 ET
Tower Determines from Holes 048 and 049 that the Rainbow Cu-Au-Mo Zone Extends Westward at a Depth and Grade Similar to Discovery Hole 042 but in the Small Drill Area Is Cut by a Narrow Paleo-Canyon
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") is pleased to report the results of the first follow-up diamond drill holes on the newly discovered Rainbow porphyry Cu-Au-Mo zone (two holes) and younger, shear-hosted Thunder Au zone (two holes) on its Rabbit North property in the heart of the Kamloops mining district (see Fig. 1).
Valuation Ratios
Industry
Sector
Beta
0.53
--
--
Price to Sales - TTM
--
6.26
4.50
Price to Book - most recent quarter
1.64
2.02
2.00
Price to Cash Flow per share - TTM
--
8.78
9.77
Price to Free Cash Flow per share - TTM
--
18.41
20.87
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 122,000 | 115,391 |
| Mar 15, 2024 | 6,609 | 6,336 |
| Feb 29, 2024 | 273 | -30,727 |
Business Summary
| Sector: Basic Materials | Industry: Diversified Mining |
Tower Resources Ltd is a Canada-based mineral exploration company. The Company is focused on the discovery and advancement of economic mineral projects in the Americas. Its projects include Rabbit North, Nechako Gold, and More Creek. The Rabbit North project comprises over 34 mineral tenures covering across 16,400 hectares (ha), which is situated around 14 kilometers (kms) southwest of New Gold Inc. and 27 km northeast of Teck Resources Ltd. The Nechako Gold property comprises 10 mineral tenures totaling across 2,975 hectares in the Nechako Plateau Region of central British Columbia (BC). Nechako gold property is approximately 30 kms northeast of New Gold Inc.'s Blackwater development project. The More Creek property comprises five mineral tenures totaling 6,430 hectares in the Golden Triangle District of northwest British Columbia. The project is situated over 120 kms north of Stewart, British Columbia and approximately 10 kms to the east of the property.
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