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Stock impact report

Tower Resources Renews 5-Year Permit and Unveils Future Drill Plan at Rabbit North [Yahoo! Finance]

New Gold Inc. (NGD) 
NASDAQ:AMEX Investor Relations: newgold.com/investors
Company Research Source: Yahoo! Finance
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. Since 2021, Tower Resources has conducted testing and drilling in previously unexplored areas, revealing three distinct zones: the Lightning zone, Thunder North and South zone, and the Rainbow zone. Despite drilling only 6,728 meters to date, the company has made remarkable progress. Assay results have been promising with notable highlights including good gold and copper values from near surface drilling: Lightning Zone: Hole 26: 95m @ 1.40g/t Au Hole 28: 138m @ 1.55g/t Au Hole 29: 7 Show less Read more
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