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
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
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.