Vancouver, British Columbia–(Newsfile Corp. – December 11, 2019) – Walker River Resources Corp. (TSXV: “WRR“) (“Walker” or the “Company“) is pleased to announce it has retained Hybrid Financial Ltd. (“Hybrid“) to provide marketing services to the Company. Hybrid has been engaged to heighten market and brand awareness for Walker River Resources Corp. and to broaden the Company’s reach within the investment community.
Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”) in providing the Services.
Hybrid has been engaged by Walker for an initial period of six months starting December 10, 2019, (the “Initial Term“) and then shall be renewed automatically for successive three months term periods thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $22,500.00, plus applicable taxes, during the Initial Term.
Exploration work at the Lapon Gold Project continues.
Road access to the Pikes Peak portion of the Lapon Gold project is complete. Outcrop sampling at Pikes Peak returned 34.9 g/t Au and 2.2% Cu (see news release October 17, 2019). Further news will be released as it becomes available.
The corporate website has also been updated and is available at www.wrrgold.com.
About Hybrid Financial Ltd.:
Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.
About the Lapon Gold 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.
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
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199