Walker Announces Exploration Program Update From the Lapon Gold Project

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) announces that its drilling program will recommence during the week of February 22. The present reverse circulation (“RC”) drill program, that began at the end of 2020, and which halted at the New Year’ break, has been delayed due to COVID-19 related problems and restrictions.

The Lapon Gold Project consists of 147 claims (2940 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nevada. The Project is easily accessible by secondary state roads from the main highway (25 kilometres), and is located approximately 60 kilometres southeast of Yerington, Nevada. A state power grid transmission line passes within three kilometres of the Project.

The Lapon Gold Project includes Lapon Canyon, the Pikes Peak claims located 4 kilometres to the north, and the Rattlesnake and Range Front claims 3 kilometres to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Rattlesnake, Range Front, and Pikers Peak claims cover over 8 km of possible extensions of the range front zones to the west, north, and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no modern-day exploration work has been carried out on these claims prior to Walkers arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located 3 km on strike and 600 meters above.

Lapon Canyon hosts historical high grade gold mining with approximately 2000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one ounce per ton range, with a sample at the end of the A adit returning 20.6 ounces per ton Au. (NI43-101, Montgomery and Barr, 2004).

The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length), intensely altered (sericite, iron oxides) sheared and faulted NE trending zone. Gold mineralization is present pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct high-grade structures, that have been drilled over a strike length of 750 meters and a vertical extent of 400 meters. The high-grade gold mineralization was encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys. Examples of high-grade drill hole intercepts include: 48 g/t over 13.7 meters in hole LC 16-10; 39 g/t over 12.0 meters in hole LC 16-12; 31 g/t over 13.7 meters in hole LC 18-29; 96 g/t over 13.7 meters in hole LC 19- 42; and 94 g/t over 6.1 meters in hole LC 19- 43. Gold mineralization is open.

The present drill program at the Lapon Gold project will consist of systematic drilling on section for geological modelling purposes, as well as exploration drilling to discover new gold mineralization and extend known gold mineralization. At least 60 holes are planned here, of which ten have been carried out. Results are pending and will be released as they become available.

At the Pikes Peak portion of the project, the Company has completed access for future exploration. Initial reconnaissance mapping and sampling and returned values of 9 g/t Au and 2.22% Cu from outcrop. Significant historical milling and mining workings are present. At least 10 holes are planned here.

The Rattlesnake portion contains historical adits and extensive gold placer mining activities, all within the altered sheared zone encountered at Lapon Canyon, some 600 meters higher and 3 km on strike from Rattlesnake. At least 10 holes are planned here.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ) a director of the Company, and a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”
________________________
Michel David,
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

Neither TSX Venture Exchange Nor Its Regulation Service Provider (As That Term Is Defined In The Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This News Release.

Walker Announces Exploration Program Update From the Lapon Gold Project

Vancouver, British Columbia–(Newsfile Corp. – November 23, 2020) – Walker River Resources Corp. (TSXV: WRR) (“Walker” or the “Company“) announces that its drilling contractor has determined they will begin the RC drilling program at the Lapon Gold Project on November 30, 2020, immediately following the USA Thanksgiving holiday.

The Lapon Gold Project consists of 147 claims (2940 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nevada. The Project is easily accessible by secondary state roads from the main highway (25 kilometres), and is located approximately 60 kilometres southeast of Yerington, Nevada. A state power grid transmission line passes within three kilometres of the Project.

The Lapon Gold Project includes Lapon Canyon, the Pikes Peak claims located 4 kilometres to the north, and the Rattlesnake and Range Front claims 3 kilometres to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Rattlesnake, Range Front, and Pikers Peak claims cover over 8 km of possible extensions of the range front zones to the west, north, and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no exploration work has been carried out on these claims prior to Walkers arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located 3 km on strike and 600 meters above.

Lapon Canyon hosts historical high grade gold mining with approximately 2000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one ounce per ton range, with a sample at the end of the A adit returning 20.6 ounces per ton Au. (NI43-101, Montgomery and Barr, 2004).

The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length), intensely altered (sericite, iron oxides) sheared and faulted NE trending zone. Gold mineralization is present pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct high-grade structures, that have been drilled over a strike length of 750 meters and a vertical extent of 400 meters. The high grade gold mineralization was encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys. Examples of high-grade drill hole intercepts include: 48 g/t over 13.7 meters in hole LC 16-10; 39 g/t over 12.0 meters in hole LC 16-12; 31 g/t over 13.7 meters in hole LC 18-29; 96 g/t over 13.7 meters in hole LC 19- 42; and 94 g/t over 6.1 meters in hole LC 19- 43. Gold mineralization is open.

The present drill program at the Lapon Gold project will consist of systematic drilling on section for geological modelling purposes, as well as exploration drilling to discover new gold mineralization and extend known gold mineralization. At least 60 holes are planned here.

At the Pikes Peak portion of the project, the Company has completed access for future exploration. Mapping and sampling is underway with initial results returning values of 9 g/t Au and 2.22% Cu from outcrops. Significant historical milling and mining workings are present. At least 10 holes are planned here.

The Rattlesnake portion contains historical adits and extensive gold placer mining activities, all within the altered sheared zone encountered at Lapon Canyon, some 600 meters higher and 3 km on strike from Rattlesnake. At least 10 holes are planned here.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ) a director of the Company, and a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”
________________________

Michel David,
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

Walker Announces Second Tranche Closing of Private Placement

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2020) – Walker River Resources Corp. (TSXV: WRR) (“Walker” or the “Company“) is pleased to announce the second tranche closing of the Company’s previously announced (see news releases 08-20-2020 and 08-21-2020) non-brokered private placement, for gross proceeds of $968,000.00. This now brings the total gross proceeds raised to $3,500,000.00 in the Company’s non-brokered private placement.

A total of 9,680,000 units (each a “Unit”), were issued in the second tranche at a price of $0.10 per unit. Each unit consists of one common share (a “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant shall be exercisable into one Share for a period of three years from closing at a price of $0.13 per Share.

In connection with the Private Placement, the Company has: (i) paid an aggregate of $77,440 in cash to eligible finders; and (ii) issued an aggregate of 758,000 share purchase warrants (the “Finders’ Warrants”) The Finders’ Warrants will have the same terms as the Warrants forming part of the Units.

The Company completed the first tranche of the Private Placement (see news release 09-11-20) raising gross proceeds of $2,532,00.00 from the issuance of an aggregate 25,320,000 Units. Each Unit containing the same terms as the second-tranche above.

All securities to be issued pursuant to the Private Placement are subject to a four-month-and-a-day hold period expiring on January 16, 2021 in accordance with applicable securities legislation.

Proceeds of the private placement will be used for work on the Company’s mineral properties and general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”

______________________
Michel David
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.

Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com
 

Walker Closes First Tranche of Private Placement

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NEWS RELEASE

WALKER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Vancouver, B.C. September 11, 2020 – Walker River Resources Corp. (“Walker” or the
“Company”) (TSX-V: “WRR”) is pleased to announce the first tranche (the "First Tranche") closing of
the Company’s previously announced (see news releases: 08-20-2020 and 08-21-2020) non-brokered
private placement for gross proceeds of $2,532,00.00.
A total of 25,320,000 units (each a "Unit"), were issued at a price of $0.10 per unit. Each unit consists of
one common share (a “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant
shall be exercisable into one Share for a period of three (3) years from closing at a price of $0.13 per
Share.
The Company has paid finders fees in connection with the First Tranche of the Private Placement as
follows: (i) paid an aggregate of $165,600 in cash to eligible finders; and (ii) issued an aggregate of
1,656,000 share purchase warrants (the "Finders' Warrants") The Finders' Warrants will have the same
terms as the Warrants forming part of the Units.
All securities to be issued pursuant to the Private Placement are subject to a four-month-and-a-day hold
period expiring on January 11, 2021 in accordance with applicable securities legislation. Closing of the
remainder of the Private Placement shall be subject to receipt of acceptance by the TSX Venture
Exchange. The Company anticipates that the second and final tranche of the Private Placement will close
next week.
Proceeds of the Private Placement will be used for exploration on the Company's mineral properties and
general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”
________________________
Michel David

Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

– 2 –

Neither TSX Venture Exchange nor Its Regulation Service Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This
News Release.

Walker Increases Private Placement

Vancouver, British Columbia–(Newsfile Corp. – August 21, 2020) –  Walker River Resources Corp. (“Walker” or the “Company“) (TSXV: “WRR“) is pleased to announce that in response to further investor interest arising from the Company’s previously announced (see news release 08-20-2020) non-brokered private placement, it has been increased up to 35,000,000 units (the “Units“, and each a “Unit“) at a price of $0.10 per Unit to raise aggregate proceeds of up to $3,500,000 (the “Private Placement“).

Each Unit shall consist of one common share (a “Share“) and one Share purchase warrant (the “Warrant“), whereby each Warrant shall be exercisable into one Share for a period of three (3) years from closing at a price of $0.13 per Share.

In connection with the Offering, the Company may pay cash finders’ fees to eligible finders of up to 8% of the gross proceeds received and may issue warrants equal to 8% of the Units placed (“Finders Warrants“). The Finders’ Warrants will have the same terms as the Warrants forming part of the Units.

Proceeds of the Private Placement will be used for work on the Company’s mineral properties and general working capital.

All securities to be issued in connection with the Private Placement shall be subject to a four-month hold period in accordance with applicable securities legislation. Closing of the first tranche and the remainder of the Private Placement shall be subject to receipt of acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”

________________________
Michel David
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

Walker Arranges Private Placement

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2020) – Walker River Resources Corp. (TSXV: WRR) (“Walker” or the “Company“) is pleased to announce it has arranged a non-brokered private placement of up to 30,000,000 units (the “Units“, and each a “Unit“) at a price of $0.10 per Unit to raise aggregate proceeds of up to $3,000,000 (the “Private Placement“).

Each Unit shall consist of one common share (a “Share“) and one Share purchase warrant (the “Warrant“), whereby each Warrant shall be exercisable into one Share for a period of three (3) years from closing at a price of $0.13 per Share.

In connection with the Offering, the Company may pay cash finders’ fees to eligible finders of up to 8% of the gross proceeds received and may issue warrants equal to 8% of the Units placed (“Finders Warrants“). The Finders’ Warrants will have the same terms as the Warrants forming part of the Units.

Proceeds of the Private Placement will be used for work on the Company’s mineral properties and general working capital.

All securities to be issued in connection with the Private Placement shall be subject to a four-month hold period in accordance with applicable securities legislation. Closing of the first tranche and the remainder of the Private Placement shall be subject to receipt of acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”
________________________

Michel David
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

Walker Announces Exploration Program Update From the Lapon Gold Project

Vancouver, British Columbia–(Newsfile Corp. – June 11, 2020) – Walker River Resources Corp. (TSXV: “WRR“) (“Walker” or the “Company“) is pleased to provide an update to its exploration activities at the Lapon Gold Project in Nevada. The 2020 exploration program has been limited to date by the worldwide COVID 19 pandemic, but Walker is now able to schedule and begin its 2020 exploration work.

The Lapon Gold Project consists of 147 claims (2940 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nevada. The Project is easily accessible by secondary state roads from the main highway (25 kilometres), and is located approximately 60 kilometres southeast of Yerington, Nevada. A state power grid transmission line passes within three kilometres of the Project.

The Lapon Gold Project includes Lapon Canyon, the Pikes Peak claims located 4 kilometres to the north, and the Rattlesnake and Range Front claims 3 kilometres to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Rattlesnake, Range Front, and Pikers Peak claims cover over 8 km of possible extensions of the range front zones to the west, north, and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no exploration work has been carried out on these claims prior to Walkers arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located 3 km on strike and 600 meters above.

Lapon Canyon hosts historical high grade gold mining with approximately 2000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one ounce per ton range, with a sample at the end of Adit returning 20.6 ounces per ton Au. (NI43-101, Montgomery and Barr, 2004).

The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length), intensely altered (sericite, iron oxides) sheared and faulted NE trending zone. Gold mineralization is present pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct high-grade structures, that have been drilled over a strike length of 750 meters and a vertical extent of 400 meters. Gold mineralization is open.

To date, the Company has carried out 46 reverse circulation (RC) drill holes at Lapon Canyon. All holes drilled within the altered and sheared zone returned significant gold values. In addition, high grade gold mineralization was encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys. Examples of high-grade drill hole intercepts include: 48 g/t over 13.7 meters in hole LC 16-10; 39 g/t over 12.0 meters in hole LC 16-12; 31 g/t over 13.7 meters in hole LC 18-29; 96 g/t over 13.7 meters in hole LC 19- 42; and 94 g/t over 6.1 meters in hole LC 19- 43.

Lower grade gold mineralization was also encountered. Examples include: 1.37 g/t over 22.9 meters in hole LC 19-35; 5.6 g/t over 10.7 meters in hole LC 17- 13; 2.28 g/t over 42.7 meters in hole LC18- 31 Of the holes drilled in the Lapon Canyon shear zone, 14 holes returned high grade values, and all returned gold mineralization.

Of the holes drilled that did not return gold values, all were carried out in different rock types and were necessary for geological mapping, information and the database.

Of these, 6 holes were in barren late stage dioritic intrusives, 6 holes were in fresh unaltered granite, and 5 were lost/abandoned due to drilling difficulties.

It is notable that sporadically gold mineralization is encountered in quartz veins in the fresh granite. There are numerous instances of mining quartz vein structures in granite in Nevada.

Finally, in holes RC 19-42 and RC 19-43 new significant mineralization was discovered in a previously unknown shear zone parallel and some 150 meters away from the Lapon Canyon Zone. Notably these two holes are some 50 meters apart.

A new high-grade gold mineralization discovery was also made during drill road construction (Honeypot). Hole RC 19-45 intercepted 386 g/t over 1.5 meters at a depth of only 3 meters, but the drill hole was abandoned due to drilling difficulties. A different drilling rig is required here.

Because of the above, the Company has been able to begin geologic modelling at Lapon Canyon, using the services of our Reno, NV based consultants, Mine Development and Associates.

At the Pikes Peak portion of the project, the company has completed access for future exploration. Mapping and sampling is underway and returned values of 9 g/t Au and 2.22% Cu from outcrop. Significant historical milling and mining workings are present.

The Rattlesnake portion contains historical adits and extensive gold placer mining activities, all within the altered sheared zone encountered at Lapon Canyon, some 600 meters higher and 3 km on strike from Rattlesnake.

At the Range Front, a sample from a historical adit retuned a value of 17 g/t Au, approximately 1.5 kilometers north of Rattlesnake. We are unable to access the interior of this adit. Little or no outcrop is available as the are is overlain by gravels and volcanic ash deposits (tuffs, ignimbrites) Walker undertook a 6 hole RC drill program to map the geology and create a geological database of this area. Mineralization was not expected, but the last hole of this brief program did succeed in encountering altered rock overlain by tuffaceous material. The Company intends to undertake actual gold exploration here shortly.

During the COVID-19 hiatus, the Company was able to carry our drill pad and road preparation work, geological mapping, and completing the permitting and bonding requirement at the BLM.

Regional exploration field work did permit the discovery of a new alteration zone some 2 kilometres north of Lapon Canyon, termed Bear Canyon, where a sampling program prior to possible drilling is underway. In addition, during geological reconnaissance along Lapon Creek, alteration and visible gold was noted in the bottom of the canyon wall, on strike and 50 meters below the discovery at hole LC 19-42.

Based on the past results and the subsequent geologic modelling, the Company is now able to plan for and schedule a more detailed, complete, and aggressive drill campaign. The Company has now planned for a 65-70-hole drill program, concentrated on the Lapon Canyon area. Drilling is planned for the summer period, beginning in late June.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ) a director of the Company, and a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”

________________________
Michel David,
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com

Walker Closes Private Placement

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NEWS RELEASE

WALKER CLOSES PRIVATE PLACEMENT

Vancouver, B.C. April 14, 2020 – Walker River Resources Corp. (“Walker” or the “Company”)
(TSX-V: “WRR”) is pleased to announce it has completed a private placement by issuing 5,715,656
common shares at a price of $0.07 per unit for gross proceeds of $400,095.92 with 7 placees.
Each Unit consisted of one common share (a “Share”) and one Share purchase warrant (the “Warrant”),
whereby each Warrant shall be exercisable into one Share for a period of two (2) years from closing at a
price of $0.08 per Share.
Proceeds from the Private Placement will be used for continued exploration on the Company's mineral
properties and general working capital.
Closing of the Private Placement shall be subject to acceptance by the TSX Venture Exchange. All
securities to be issued in connection with the Private Placement shall be subject to a four-month hold
period from the date of closing in accordance with applicable securities legislation.

ON BEHALF OF THE BOARD OF DIRECTORS
“Michel David”
________________________
Michel David
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com
Neither TSX Venture Exchange nor Its Regulation Service Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This
News Release.

Walker Announces Change of Transfer Agent

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NEWS RELEASE

WALKER ANNOUNCES CHANGE OF TRANSFER AGENT

Vancouver, B.C. March 30, 2020 – Walker River Resources Corp. (“Walker” or the “Company”)
(TSX-V: “WRR”) announces that effective immediately, Odyssey Trust Company has replaced
Computershare as the registrar and transfer agent of the Company’s common shares.
All inquiries and correspondence relating to the shareholder records, transfer of shares, lost certificates
and or change of address should be directed to Odyssey Trust Company (Canada) as follows:
Odyssey Trust Company  
323 – 409 Granville St
Vancouver BC V6C 1T2   
P: 1 587 885-0960
www.odysseytrust.com

ON BEHALF OF THE BOARD OF DIRECTORS
“Michel David”
________________________
Michel David,
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com
Neither TSX Venture Exchange Nor Its Regulation Service Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This
News Release.

Walker Announces Drill Results From the Lapon Gold Project

Vancouver, British Columbia–(Newsfile Corp. – February 5, 2020) – Walker River Resources Corp. (TSXV: WRR) (“Walker” or the “Company“) is pleased to announce additional drill results from the late 2019 reverse circulation (“RC“) drill programs on the Lapon Gold Project, located approximately 60 kilometres southeast of Yerington, Nevada.

RC drill hole LC19-42 returned 96.03 g/t Au (uncut) over 13.7 meters, including 547.05 g/t Au over 1.5 meters, 115.38 g/t Au over 1.5 meters, and 199.06 g/t Au over 1.5 meters, at a depth of approximately 76 meters.

RC drill hole LC19-43 returned 94.81 g/t Au (uncut) over 6.1 meters including 305.25 g/t Au over 1.5 meters, and 73.86 g/t Au over 1.5 meters, at a depth of approximately 84 meters.

RC drill hole LC 19-45 returned 346.4 g/t Au (uncut) over 1.5 meters at a depth of 3 meters.

Key Highlights:

  • Holes 42 and 43 were only the second and third holes carried out in this new zone discovered in hole 19-35 which returned 1.37 g/t Au over 22.9 meters. (see news release 09-04-19)
  • Significantly, in Hole 42, the assay interval of 199.06 g/t Au over 1.5 meters, was in granite at the contact with the altered zone.
  • To date, mineralization has been discovered in broad, altered, fractured and brecciated NE trending structural zones. Anomalous gold values are denoted in many areas within this zone, and significant higher-grade mineralization over significant widths is located within sub vertical en echelon zones of intense alteration and gold enrichment.
  • To date all the drill holes carried out in the Lapon Rose and the newly discovered zone have returned gold mineralization.
  • The 2019 exploration program was focused on the expansion and delineation of the gold mineralized zones discovered by the Company, as well as exploring other areas of the project in the search for new mineralization and potential discoveries
  • Walker’s initial geological mapping and prospecting on the Lapon Gold Project, followed by its drill programs, has demonstrated the potential for the emplacement of significant gold mineralization.

Assay Table: Summary of Drill Results:

Hole Alt.
(m)
From
(m)
To
(m)
Length**
(m)
Assay (Au g/t)
uncut
Notes:
LC 19-42 65.5 79.2 13.7 96.03 New Zone
  incl 65.5 67.07 1.5 547.05
  incl 68.6 70.1 1.5 115.38
  incl 77.7 79.2 1.5 199.06
LC 19-43 82.3 88.4 6.1 94.81 New Zone
  incl 82.3 83.8 1.5 305.25
  incl 86.9 88.4 1.5 73.86
LC 19-45 1.5 3 1.5 346.4 Honeypot. Abandoned
due to caving at 10m

 

**True widths approx. 80%

The Lapon Rose Zone has now been drilled over a strike length of some 365 meters. The width of the zone now exceeds 250 meters, and the zone has been drilled over a vertical extent of 400 meters. The zone remains open along strike and depth.

The morphology of the newly discovered zone, located underneath granite some 130 meters south of Lapon Rose is unknown at this time.

Drilling at the Honey pot has been challenging. Located in an intense fault zone at intrusive contacts, the Company has been unable to attain the drill targets or achieve significant drill lengths, using the current type of RC drill rig. Holes LC 19-45 and LC 19-46 were both abandoned at a depth of 10 meters due to caving.

Significantly though, the 2 holes (LC 19-45 and LC 19-46) were abandoned at very shallow depths, both returned significant gold values, including 346.4 g/t Au in LC 19-45 and 1.05 g/t Au over 1.5 meters in hole LC 19-46 at a depth of 3 meters.

Originally, the Honeypot discovery was made during drill road construction, with alteration and visible gold in an outcrop. The Company is presently analyzing the type of drill rig required to successfully drill this location.

At the Pikes Peak portion of the Lapon Gold project, road access construction is complete. Numerous workings including shafts and adits are located on the claims. Initial mapping and sampling returned significant results including 9.0 g/t Au and 2.22% Cu from an outcrop. Further results from the Lapon Gold Project will be release as they become available.

About the Lapon Project

The Lapon Gold Project consists of 147 claims (2940 acres) that includes Lapon Canyon, the newly acquired Pikes Peaks claims 4 kilometers to the north and the Rattlesnake Range Front claims 3 kilometers to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Lapon Gold Project is situated in the Wassuk Range, easily accessible by secondary state roads from the main highway (25 kilometres). A state grid power transmission line passes within three kilometres of the Lapon Project.

The Lapon Gold Project is located within the Walker Lane shear zone, a 100-kilometre-wide structural corridor extending in a southeast direction from Reno, Nevada. Within this trend, numerous gold, silver, and copper mines are located, notably the historic Comstock Lode mines in Virginia City. Also, the past producing Esmeralda/Aurora gold mine, with reported production of some one million ounces and the Anaconda open pit copper mine in Yerington, Nevada.

The Lapon Gold Project is cut by a series of steeply dipping cross fault structures cutting across the Walker trend, analogous to other cross fault structures responsible for many gold and base metal deposits in the world. These faults are heavily sheared and altered (sericite, iron oxides) with abundant silica, varying in width from 60 to 300 meters. Four of these structures have been discovered at Lapon Canyon, and at least two can be traced for over four kilometers.

The Rattlesnake and Pikes Peak claims cover over 8 kilometers of possible extensions of the range front zones to the west, north and south of Lapon Canyon, adding several additional drill target areas to the Lapon Gold Project. Rattlesnake and Pikes Peak contain numerous historical workings that consist of, milling facilities several adits at different levels, underground workings with vertical shafts, and a network of existing roads providing access to connect all the historical workings.

Small-scale high-grade mining began at Lapon Canyon in 1914. Approximately 600 meters of drifts and raises were developed from two adits and a two-stamp mill was built. Further underground work was carried out, returning numerous assay values in the range of one ounce per ton, with a sample at the end of an adit returning 20.6 ounces per ton. (National Instrument 43-101, Montgomery and Barr, 2004). Additional work at Lapon Canyon in the following years, included the installation of a ball mill and milling facilities.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance

All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The Lapon Canyon samples were delivered to American Assays Laboratories’ certified laboratory facilities in Sparks, NV. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50g gravimetric finish. Intensely altered samples used a 2 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ) a director of the Company, and a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”
________________________

Michel David,
Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com