Drill Results From New Discovery At Lapon Canyon Return 7.62 g/t Au Over 48.8 Meters And 77.14 g/t Au Over 4.5 Meters

Vancouver, B.C. March 31, 2022 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to announce drill results from the late 2021 reverse circulation (“RC”) drill program at the Lapon Canyon portion, of its 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.

Drill results confirm the discovery of a new high grade gold mineralized zone (the “Hotspot”).

LC 21-80 returned 7.62 g/t Au over 48.8 meters, including 77.16 g/t Au over 4.5 meters.

LC 21-81 returned 5.68 g/t Au over 60.9 meters, including 17.76 g/t Au over 18.3 meters, and 99.7 g/t Au over 1.5 meters.

LC 21-82 returned 1.84 g/t Au over 122 meters including 8.61 g/t Au over 9.2 meters, and 4.28 g/t Au over 47.3 meters, the latter two results being in granite. The hole ended in gold mineralization at 122 meters.

Key Highlights 

  • The presence of significant gold mineralization in granite (LC 21-82), demonstrates new and significant potential to the project. Previously the granite was thought to be barren. The Company will now undertake to assay granites from the previous drillhole samples not sent to the lab.
  • It is now warranted to drill longer and deeper holes at Lapon Canyon, with significant gold mineralization recently discovered within the granite at the Hotspot, previously unknown to exist on the Project.
  • Hole 21-65 (1.88 g/t over 54.5 meters) was the initial discovery hole. The zone is not visible at surface, as it is covered by a blanket of colluvium and granite boulders
  • Holes LC 20-35 (1.35 g/t over 22.9 meters) and LC 21-67, located some 100 meters NW of the new Hotspot zone confirmed its discovery.
  • The unanticipated robust nature of gold mineralization discovered at the Hotspot zone, allows the Company to apply the same methodologies at Lapon Canyon’s other known mineralized zones. Including, follow up drilling at the mineralized zones discovered in holes LC 19-42 and 43.
  • The 2022 drill programs at Lapon Canyon will now 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, including, now at depth.

Assay Table: Summary of Drill Results:

Hole   

 

From

(m)

To

(m)

Length*

(m)

Assay (Au g/t)* Gold Metal Factor

(g/t x m)

Notes:
LC 21-80 10.7 59.5 48.8 7.62 372
incl 55 59.5 4.5 77.62 347
and 55 56.5 1.5 166.37 249
and 58 59.5 1.5 65.00 97.5
LC 21-81 10.7 71.6 60.9 5.68 346
incl 41.2 59.5 18.3 17.76 325
and 47.3 48.8 1.5 99.78 150
and 53.4 54.9  1.5 39.98 60
and 57.9 59.4 1.5 50.98 76
LC 21-82 0 122 122** 1.84 224
incl 64 111.3 47.3 4.28 202
and 85.3 122 36.7 3.46 127 In Granite
and 85.3 94.5 9.2 8.61 79 In Granite
LC 21-76 13.7 15.2 1.5 25.57 38

* The above drill results are presented uncapped and lengths represent sampled lengths. True width is estimated to be between 60 and 80 percent of sampled widths.

** LC 21-82 ended at 122 meters in gold mineralization

The new Hotspot zone is located some 200 meters above and 250 meters SE, on strike with the high-grade mineralization at the historic mine workings, with previously reported high grade drill results (LC 16-10 77.62 g/t over 12.2 meters, among others).

Other drill holes include LC 21-76 and LC 21-84 where a second altered zone was discovered below granite. The two altered zones show anomalous to low grade gold throughout, with LC 21-76 returning a high-grade value of 25.57 g/t over 1.5 meters. The granites also show anomalous gold values throughout, an excellent indicator for future exploration. The presence of a second altered zone below granite is very significant as it increases the potential of Lapon Canyon. Hole LC 21- 84 was lost at 140 meters in intense fracturing, an indicator of potential gold mineralization at Lapon Canyon.

Drillholes LC 21-73 to 75 were drilled in the barren late-stage diorite intrusive at the bottom of Lapon Canyon, for geological informational purposes, obtaining thicknesses and angles within the intrusive, important geological information for future drilling.

Drillholes LC 21-85 and 86, were drilled in the lower granites, in preparation for follow up drilling of the high-grade mineralization discovered in Holes LC 19-42 and 43.

Finally, holes LC 21-77 to 79 were drilled to ascertain geological parameters for the drilling of the discovery at the new Hotspot zone. Unexpectedly this led to the discovery of the Upper Granite, which is well mineralized in LC 21-82 (Hotspot).

Now that the late 2021 drill program assay results have been received, planning of the continuation of drilling at Lapon Canyon is underway. Due to the robust nature of the gold mineralization at the new Hotspot zone discovery, both unexpected and surprising, the Company will shift its focus here, and using the same methodologies, follow up drilling at the discoveries encountered in holes LC 19-42 and 43.

Drilling at the Pikes Peak portion of the Lapon Gold Project, which was interrupted in late 2021, due to poor road access conditions, will begin as soon as possible, subject to road access conditions and drill contractor availability. Significant historical mining activities are present (shafts, adits, mill) in a copper gold environment. Sampling by Walker returned values of 9 g/t Au, and 2.2% Cu from outcrop. It is significant that there are no reported drilling or exploration activities from Pikes Peak.

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 fault 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 over 850 meters and a vertical extent of 400 meters.

The high-grade gold mineralization is encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.

About the Lapon Gold Project

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).

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 1 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.

Samples are taken and bagged directly at the drill rig at every 1.5 meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.

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 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 Updates Drilling Program at the Lapon Gold Project

Vancouver, B.C. December 16, 2021 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to provide an update on its 2021 reverse circulation (“RC”) drill program at the 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.

A total of 14 holes (1750 meters) were completed. Sample preparation of the drill holes has been finalized, with 816 samples submitted to the certified laboratory facilities in Sparks, NV.

Significantly, visible gold (VG) was observed in hole LC 21-76 at a depth of 18 meters (see news release 11/15/21) and in Hole LC 21-80 at 51 meters depth, in chip trays used for visual logging purposes at the drill rig.

The 2021 drilling programs were designed to determine structure and morphology for 3D geological modelling. Follow up drilling also targeted the extensions of the high-grade zones and corridors, both at depth and along strike, as discovered in previous drilling at Lapon Canyon. The Company will await further assay results prior to the positioning of new additional holes in these areas.

Most recently, following up drilling targeted the previous discovery of hole LC 21-65 (1.88 g/t over 54.8 meters, see news release 08/18/21). Significantly, drilling encountered fresh granite, varying in thickness from 4 to 20 meters overlying the altered and silica rich mineralized zone. In hole LC 21-84, a second mineralized zone was encountered underneath fresh granite at a depth of 120 meters. This second alteration has an apparent thickness of over 30 meters.

Assays are pending from the recently submitted samples, results will be released as they become available.

The Company also attempted drilling at the Pikes Peak portion of the Lapon Gold Project. However, with deteriorating weather conditions (snow & rain) and water damage to the steep grade portions of the drill access road, it was deemed unsafe in consultations with the drill contractor. Drilling will be undertaken as soon as possible when deemed safe to do so. Significant historical mining activities are present (shafts, adits, mill) in a copper-gold setting. Sampling by the Company returned values of 9 g/t gold and 2.2% copper from outcrop here. It is also significant that there are no records of past drilling or modern-day exploration ever carried out at Pikes Peak.

To date the Company has received assay results from 72 drillholes at the Lapon Canyon project. Of these, 19 returned significant higher grades, 23 returned significant lower grades, 16 were carried out in unaltered granite, and 12 were lost/abandoned.

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 over 850 meters and a vertical extent of 400 meters.  The high-grade gold mineralization is encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.

Finally, the Company announces Michael Hackman has resigned as a director of the Company. Walker would like to thank Mr. Hackman for his contributions to the Company and wishes him well in his future endeavors.

About the Lapon Gold Project

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 Walker’s 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).

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 are 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 1 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.

Samples are taken and bagged directly at the drill rig at every 1.5 meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.

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 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 Begins Drilling at the Lapon Gold Project

Vancouver, B.C. November 15, 2021 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to announce drilling has restarted on the 2021 reverse circulation (“RC”) drilling program at the Lapon Canyon portion, of the 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.

Significant, visible gold (VG) was noted at a depth of 18.3 meters in hole LC 21-76, in the chip tray used for visual logging purposes at the drill rig.

The 2021 drilling programs have been designed to determine structure and morphology for 3D geological modelling. Drilling has concentrated on the boundary contacts of the gold mineralization with the surrounding country rock (granite). To date, drilling has been successful in determining the gold mineralization continuing to be open along strike both to the NE and SW, including the discovery of new mineralization. Drill hole LC 21-65 (previously announced) was very important in this regard, it opened up mineralization to the NE, potentially being the continuation of the high-grade corridor some 500 meters to the west.

The present drilling will now follow up and target the extensions of the high-grade zones and corridors, both at depth and along strike, as discovered in previous drilling at Lapon Canyon.

To date, the Company has received assay results from 72 drillholes at the Lapon project. Of these, 19 returned significant higher grades, 23 returned significant lower grades, 16 were carried out in unaltered granite, and 12 were lost/abandoned.

Drill Highlights (among others) from higher grade drill holes (previously announced) include:

  • 7.84 g/t Au over 22.9 meters in LC 15-02 including 66.8 g/t over 1.5 meters, and 43.7 g/t over 1.56 m
  • 48.02 g/t over 13.7 meters in LC 16-10 including 451 g/t over 1.5 meters
  • 77.62 g/t over 12.2 meters in LC 16-10 incl 227g/t over 1.5 m, 207 g/t over 1.5 m, and 106 g/t over 1.5 m
  • 39.12 g/t over 9.2 m in LC 16-12 incl 201g/t over 1.5 m
  • 32.07 g/t over 6.1 m in LC 17-19 incl 53.4 g/t over 1.5 m
  • 31.1 g/t over 13.7 m in LC 18-29 incl 198 g/t over 1,5 m and 78.1 g/t over 1.5 m
  • 96.03 g/t over 13.7 m in LC19-42 incl 547 g/t over 1.5m, 115 g/t over 1.5 m, and 199 g/t over 1.5 m
  • 94.g/t over 6.1 m in LC 19-43 incl 305 g/t over 1.5 m and73.8 g/t over 1.5m
  • 1.04 g/t over 59.5 m in LC 20-53

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 over 850 meters and a vertical extent of 400 meters.

The high-grade gold mineralization is encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.

About the Lapon Gold Project

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 Walker’s 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 A returning 20.6 ounces per ton Au. (NI43-101, Montgomery and Barr, 2004).

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 are delivered to American Assays Laboratories, certified laboratory facilities in Sparks NV. The samples are 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.

Samples are taken and bagged directly at the drill rig at every 1.5-meter interval, an industry standard on Reverse Circulation (“RC”) exploration drill programs. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to American Assays Laboratories, certified laboratory facilities in Sparks NV.

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 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 Drill Results From The Lapon Gold Project

Vancouver, B.C. October 26, 2021 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to announce additional drill results from the 2021 reverse circulation (“RC”) drill programs at its 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.

This latest phase of drilling was necessary to determine structure and morphology for 3D geological modelling. Drilling was concentrated on the boundary contacts of the gold mineralization with the surrounding country rock (granite). The mineralization continues to be open along strike both to the NE and SW. The previously reported results of high grade and significant widths encountered in RC drillhole LC 21-65 is very important in this regard. It opens mineralization to the NE and may be the continuation of the high-grade corridor some 500 meters to the east. Infill and follow up drilling will target this discovery in the next phase of drilling scheduled to begin at the end of the month.

RC drillhole LC 21-67 returned 1.61 g/t Au over 29 meters beginning at 26 meters from surface, a further significant width of mineralization. RC drillhole LC 21-64 returned notable widths as shown in the assay table below. RC drillhole LC 21-62 returned 1.32 g/t Au over 1.5 meters at 36 meters from surface in granite. This hole is significant as another unexpected gold discovery in unaltered granite which has occurred some 10 times since the beginning of the project.

Key Highlights:

  • The results from the drilling expand the gold mineralization at Lapon Canyon, further define the direction and dip of the higher-grade structures and expanded gold mineralization both laterally and to depth as shown in LC 21-65 (previously announced) and in LC 21-70.
  • The drill program is designed to ascertain granite contacts and their relationships with the altered gold mineralized alteration zones. We continue to intercept gold assay results in what was previously believed to be barren granite (LC 21-62).
  • This phase of the 2021 drill program will now target the higher-grade trends and expand the new gold mineralization previously discovered at the 8800-foot elevation, and at the Honeypot, Holes LC19-42 and 43, lateral extension and infill of LC 21-65, among other targets.
  • The 2021 drill programs at Lapon Canyon 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.

As of this news release the Company has received assay results from 72 drillholes at the Lapon Project. Of these, 19 returned significant higher grades, 23 returned significant lower grades, 16 were carried out in unaltered granite, and 12 were lost/abandoned. The most recent drill results from the Lapon Gold Project are summarized in the table below.

Assay Table: Summary of Drill Results:

Hole   

 

From

(m)

To

(m)

Length**

(m)

Assay (Au g/t) Notes:
LC 21-64 18.3 32 13.7 1.12
42.7 56.4 13.7 1.83
LC 21-67 25.9 54.9 29 1.61
LC 21-70 54.9 62.5 7.6 1.86
LC 21-62 36.5 38  1.5 1.32 granite

**True widths approx.  75-80%

Holes LC 21-66, 71, and 72 did not reach their intended target.

The next phase of drilling is scheduled to begin at the end of this month, following up and targeting the extensions of the high-grade zones and corridors, both at depth and along strike, as discovered in previous drilling at Lapon Canyon.

The Company will also complete an initial drill program at the Pikes Peak portion of the Lapon Gold Project. Significant historical mining activities are present (shafts, adits, mill) in a copper-gold setting. Sampling by the Company returned values of 9 g/t gold and 2.2% copper from outcrop here. It is significant that there are no records of past drilling or modern-day exploration ever carried out at Pikes Peak.

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 over 850 meters and a vertical extent of 400 meters. The high-grade gold mineralization is encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.

About the Lapon Gold Project

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 Walker’s 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).

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 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 Drill Results From The Lapon Gold Project

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

Vancouver, B.C. April 27, 2021 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to announce initial drill results from its 2020-2021 reverse circulation (“RC”) drill programs. These results are from the Lapon Canyon portion of the wholly owned Lapon Gold Project, located within the Walker Lane shear zone in northern Nevada.

RC drill hole LC21-58 returned 9.45 g/t Au over 16.8 meters, including 39.2 g/t Au over 3 meters, at a depth of approximately 15 meters. From surface to 29 meters the hole returned 5.3 g/t over 29 meters

RC drill hole LC21-57 returned 1.02 g/t Au over 24.4 meters, and 2.12 g/t Au over 9.2 meters, at depths starting at approximately 9 meters. The second assay is significant as it was from unaltered granite, which to date has been essentially barren.

RC drill hole LC20-53 returned 1.04 g/t Au over 59.5 meters, at a depth starting at 7.6 meters.

RC drill hole LC20-50 returned 1.42 g/t Au over 13.7, at a depth of starting at 12 meters

Key Highlights:

  • The initial results from the 2020-2021 drill programs expand the gold mineralization at Lapon Canyon, further define the direction and dip of the higher-grade structures and discovered gold mineralization in areas previously unknown to carry gold (i.e. unaltered granite).
  • Notably in Hole LC 21-58, the higher-grade intercept was located just before entering an old underground mining stope that continued for some 8 meters, clearly demonstrating the potential thickness and scope of the higher-grade structures.
  • The December 2020 drill program was designed to ascertain granite contacts and their relationships with the altered gold mineralized alteration zones. Drill holes LC 20-50 to 53 unexpectedly returned significant gold mineralization and thicknesses, further demonstrating the potential to increase the widths of known mineralization.
  • The 2021 drill program will continue to target the higher-grade trends and expand the new gold mineralization previously discovered at the 8800-foot elevation, at the Honeypot, and other targets.
  • The 2020-2021 drill programs at Lapon Canyon 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.

Assay Table: Summary of Drill Results:

 

Hole   

 

From

(m)

To

(m)

Length*

(m)

Assay (Au g/t) Notes:
LC 21-58   0 29 29 5.3  
Incl   12.2 29 16.8 9.45  
incl   26 29 3 39.1 Old Workings at 29 m
             
LC 20-53   7.6 67 59.5 1.04  
             
LC 21-57   9.1 33.5 24.4 1.01  
incl   22.8 31.9  9.1 2.12 Granite
             
LC-20-50   12.2 25.9 13.7 1.42  
             
LC 20-51   1.5 12.2 10.7 1.12  
             
LC 20-52   7.6 41 33.5 .81 Granite
             

*True widths approx. 80%

The above drill assays are not necessarily in chronological drilling order, results are reported as received.

Further results are pending and will be released as they become available.

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 800 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 Canyon portion of the Project, consists of systematic drilling on section for geological modelling purposes. Exploration drilling to discover new gold mineralization and extend known gold mineralization. At least 60 – 65 drillholes are planned in the present program

At the Pikes Peak portion of the Project, the Company has completed access for future exploration. An additional mapping and sampling program is currently underway, initial results 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 and drill program permitting is currently underway.

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.

Finally, the Company has completed its interpretation at the Garfield Flats Copper-Gold Project and is planning at least 10 holes in 2021.

 

About the Lapon Gold Project

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 Walker’s 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).

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

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

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

Vancouver, B.C. April 27, 2021 – Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) is pleased to announce initial drill results from its 2020-2021 reverse circulation (“RC”) drill programs. These results are from the Lapon Canyon portion of the wholly owned Lapon Gold Project, located within the Walker Lane shear zone in northern Nevada.

RC drill hole LC21-58 returned 9.45 g/t Au over 16.8 meters, including 39.2 g/t Au over 3 meters, at a depth of approximately 15 meters. From surface to 29 meters the hole returned 5.3 g/t over 29 meters

RC drill hole LC21-57 returned 1.02 g/t Au over 24.4 meters, and 2.12 g/t Au over 9.2 meters, at depths starting at approximately 9 meters. The second assay is significant as it was from unaltered granite, which to date has been essentially barren.

RC drill hole LC20-53 returned 1.04 g/t Au over 59.5 meters, at a depth starting at 7.6 meters.

RC drill hole LC20-50 returned 1.42 g/t Au over 13.7, at a depth of starting at 12 meters

Key Highlights:

  • The initial results from the 2020-2021 drill programs expand the gold mineralization at Lapon Canyon, further define the direction and dip of the higher-grade structures and discovered gold mineralization in areas previously unknown to carry gold (i.e. unaltered granite).
  • Notably in Hole LC 21-58, the higher-grade intercept was located just before entering an old underground mining stope that continued for some 8 meters, clearly demonstrating the potential thickness and scope of the higher-grade structures.
  • The December 2020 drill program was designed to ascertain granite contacts and their relationships with the altered gold mineralized alteration zones. Drill holes LC 20-50 to 53 unexpectedly returned significant gold mineralization and thicknesses, further demonstrating the potential to increase the widths of known mineralization.
  • The 2021 drill program will continue to target the higher-grade trends and expand the new gold mineralization previously discovered at the 8800-foot elevation, at the Honeypot, and other targets.
  • The 2020-2021 drill programs at Lapon Canyon 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.

 

Assay Table: Summary of Drill Results:

Hole  From

(m)

To

(m)

Length*

(m)

Assay (Au g/t) Notes:
LC 21-58 0 29 29 5.3  
Incl 12.2 29 16.8 9.45  
incl 26 29 3 39.1 Old Workings at 29 m
LC 20-53 7.6 67 59.5 1.04  
LC 21-57 9.1 33.5 24.4 1.01  
incl 22.8 31.9  9.1 2.12 Granite
LC-20-50 12.2 25.9 13.7 1.42  
LC 20-51 1.5 12.2 10.7 1.12  
LC 20-52 7.6 41 33.5 .81 Granite

*True widths approx. 80%

The above drill assays are not necessarily in chronological drilling order, results are reported as received.

Further results are pending and will be released as they become available.

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 800 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 Canyon portion of the Project, consists of systematic drilling on section for geological modelling purposes. Exploration drilling to discover new gold mineralization and extend known gold mineralization. At least 60 – 65 drillholes are planned in the present program

At the Pikes Peak portion of the Project, the Company has completed access for future exploration. An additional mapping and sampling program is currently underway, initial results 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 and drill program permitting is currently underway.

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.

Finally, the Company has completed its interpretation at the Garfield Flats Copper-Gold Project and is planning at least 10 holes in 2021.

About the Lapon Gold Project

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 Walker’s 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).

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

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

/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.