Walker River Resources Corp. (“
Walker” or the
“
Company”) (TSX-V:
WRR) is pleased to announce
additional assay results from the 2024 reverse circulation
(“
RC”) drill program at Lapon Canyon, along with assays
results from underground channel sampling completed at a recently
re-opened adit on the Pikes Peak portion of the Lapon Gold Project,
in Mineral County, Nevada, 60 km SE of Yerington, NV.
Highlights:
- Drill assay results from holes LC-24-101 to -105 continue to
demonstrate a robust gold mineralized zone at Hotspot, extending
the zone from its initial discovery approximately 125 metres
laterally east and to a depth of more than 100 metres.
- LC-24-102 returned 3.4 g/t Au over 56.4 meters including 6.1
g/t Au over 27.4 meters and 12.4 g/t Au over 6.1 metres. The hole
ended in mineralization at 121.9 metres.
- LC-24-103 returned 0.6 g/t Au over 88.4 metres, ending in
mineralization at 121.9 metres.
- LC-24-105 returned 1.2 g/t Au over 86.9 meters, including 3.3
g/t Au over 9.1 metres and 3.2 g/t Au over 6.1 metres
- Drill results continue to define a broad, potentially
flat-lying geometry of the gold system, now extending more than 400
m east-west and 600 m north-south, covering an area ~0.27 square
kilometres. Localized high-grade shoots are emerging within the
broader mineralized domains and continue to be tested by
drilling.
- At Pikes Peak, underground channel sampling from a recently
re-opened adit returned assay results of 36.4 g/t Au, 10.7 g/t Au,
and 19.8 g/t Au
Table 1: Selected results from new drill
assays from the Hotspot Zone.
Drill Hole |
|
From |
To |
Width* |
Gold |
Gram metres |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t*m) |
LC-24-101 |
|
3.1 |
97.5 |
94.5 |
0.4 |
35.9 |
|
including |
41.2 |
56.4 |
15.2 |
0.8 |
12.3 |
LC-24-102 |
|
3.1 |
45.7 |
42.7 |
0.2 |
7.7 |
|
and |
65.5 |
121.9 |
56.4 |
3.4 |
190.6 |
|
including |
67.1 |
94.5 |
27.4 |
6.1 |
167.0 |
|
and including |
88.4 |
94.5 |
6.1 |
12.4 |
75.5 |
LC-24-103 |
|
33.5 |
121.9 |
88.4 |
0.6 |
54.8 |
LC-24-104 |
|
22.9 |
86.9 |
64.0 |
0.5 |
30.1 |
LC-24-105 |
|
4.6 |
91.4 |
86.9 |
1.2 |
105.1 |
|
including |
53.3 |
62.5 |
9.1 |
3.3 |
30.3 |
|
and including |
70.1 |
76.2 |
6.1 |
3.2 |
19.7 |
LC-24-106 |
|
0.0 |
68.6 |
68.6 |
0.3 |
17.8 |
* The above drill results are presented with
lengths representing sampled lengths. True width is estimated to be
between 65 and 90 percent of sampled widths.
Figure 1: Plan and section view of the Hotspot
zone, Central zone, historical drilling and 2024 drilling
results
Please click to view image
Figure 2: Plan and section view of the Hotspot
zone, Central zone, and assay results from historical drilling
(coloured circles) and 2024 drilling (coloured discs).
Please click to view image
Lapon Canyon Property
The 2024 drill program at Lapon Canyon is
exploration and definition focused. Drill holes have been planned
with the intent to define the extent and geometry of the
mineralized system and test for new mineralized zones along strike
and at depth. Assay results received to date are encouraging as the
Hotspot zone continues to grow with several holes ending in
mineralization. Further drilling at Lapon Canyon remains on-going
while additional assay results remain highly anticipated.
Drill Hole LC-24-104 was lost and abandoned at
100 meters due to technical issues. In addition, no samples are
available from the interval of 68.5 to 86.9 meters. This interval
is bounded on each side by anomalous gold values. It is notable
that the final 4.5 meters returned 1.02 g/t Au. The hole will be
redrilled.
Pikes Peak Property
Significant historical mining activities are
present (milling facilities, adits, shafts, pits) in a copper gold
environment at Pikes. The Company’s personnel and geologists were
able to re-open and access one of the adits present on the property
for geological mapping and sampling. The results presented in Table
2 below confirm the potential for gold mineralization at Pikes
Peaks, part of the Lapon Gold Project.
Table 2: Underground channel sample
results from Pikes Peak
Sample Number |
Lab I.D. |
Material* |
Gold (g/t) |
A-1 |
2020384095 |
Adit wall |
1.3 |
A-2 |
2020384094 |
Adit wall |
0.46 |
A-3 |
2020384100 |
Adit wall |
1.18 |
A-4 |
2020384090 |
Adit wall |
0.13 |
A-5 |
2020384089 |
Adit wall |
36.4 |
B |
2019828396 |
Adit wall |
6.55 |
C-1 |
2020384093 |
Adit wall |
19.8 |
C-2 |
2020384091 |
Adit wall |
3.04 |
C-3 |
2020384092 |
Adit wall |
2.31 |
C-4 |
2020384096 |
Adit wall |
3.68 |
C-5 |
2020384097 |
Adit wall |
9.81 |
C-6 |
2020384098 |
Adit wall |
10.73 |
C-7 |
2020384099 |
Adit wall |
6.07 |
D |
2019828399 |
Adit wall |
2.06 |
* The above underground channel samples were
taken at 0.30 meters intervals between samples. Each channel sample
was taken in 0.30 meters lengths.
Figure 3: (Left) Aerial view of historical
workings at Pikes Peak, view looking north. (Right) Re-opened adit
at Pikes Peak, part of the Lapon Gold Project, where channel
sampling was completed across veins in the adit walls. Results from
the channel sampling are shown in Table 2.
Please click to view image
Michel David, President states: “We continue to
be encouraged by these current and past drill results which confirm
the potential of the Lapon Canyon project. The results from initial
underground channel sampling at Pikes Peak, adds another exciting
target at the Lapon Gold Project”.
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 50 g gravimetric finish.
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 information
contained in this news release has been reviewed, verified and
approved by Dave Nuttall, P.Geo, President of Serac Exploration,
who is an independent Qualified Person as defined under NI 43-101
Standards of Disclosure for Mineral Projects.
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. (NI 43-101, Montgomery and
Barr, 2004).
FOR FURTHER INFORMATION PLEASE
CONTACT:Michel David, CEO & DirectorTel: 819 874-0030Email:
info@wrrgold.comWebsite: www.wrrgold.com
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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 release.
Cautionary Statements Regarding Forward
Looking Information
This news release contains certain “forward-looking information”
and “forward-looking statements” (collectively “forward-looking
statements”) within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, included herein, are forward-looking statements.
Forward-looking statements are frequently, but not always,
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“intends”, “estimates”, “potential”, “possible”, and similar
expressions, or statements that events, conditions, or results
“will”, “may”, “could”, or “should” occur or be achieved There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by the Company, are inherently
subject to significant business, economic, competitive, political,
social and regulatory uncertainties and contingencies. Many
factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forward-looking statements and the parties have
made assumptions and estimates based on or related to many of these
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forward-looking statements and information contained in this news
release concerning these items. The Company does not assume any
obligation to update the forward-looking statements of beliefs,
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