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 the Lapon Canyon portion of the
Lapon Gold Project, in Mineral County, Nevada, 60 km SE of
Yerington, NV.
Highlights
|
|
From |
To |
Width* |
Gold |
Drill Hole |
|
(m) |
(m) |
(m) |
(g/t) |
LC-24-117 |
|
74.68 |
152.4 |
77.72 |
3.88 |
including |
77.72 |
94.49 |
16.77 |
12.09 |
and |
100.58 |
112.78 |
12.2 |
4.08 |
LC-24-118 |
|
68.58 |
128.02 |
59.44 |
1.96 |
including |
68.58 |
74.68 |
6.10 |
8.17 |
LC-24-110 |
|
41.15 |
74.68 |
33.53 |
2.70 |
including |
45.72 |
57.91 |
12.19 |
5.99 |
LC-24-113 |
|
21.34 |
48.77 |
27.43 |
2.58 |
including |
25.91 |
32.00 |
6.09 |
4.13 |
and |
39.62 |
44.20 |
4.58 |
4.79 |
|
68.58 |
76.20 |
7.62 |
1.90 |
including |
70.10 |
73.15 |
3.05 |
4.08 |
LC-24-114 |
|
16.76 |
172.21 |
155.45 |
0.61 |
including |
44.20 |
83.82 |
39.62 |
0.90 |
and |
103.63 |
117.35 |
13.72 |
2.32 |
and |
129.54 |
132.59 |
3.05 |
2.19 |
LC-24-119 |
|
33.53 |
38.10 |
4.57 |
1.06 |
|
108.20 |
152.40 |
44.2 |
0.87 |
including |
124.97 |
126.49 |
1.52 |
4.13 |
Table 1. Highlighted holes released today.
* Denotes the above drill results are presented with
lengths representing sampled lengths. True width is estimated to be
between 80 and 95 percent of sampled widths.
- Drill hole LC-24-117 returned 3.88 g/t Au over 77.72
meters starting at a depth of 74.68 meters including an
intercept of 12.09 g/t Au over 16.77 meters, demonstrating
the robust nature of the gold mineralization of the Hotspot
zone.
- Drill holes LC-24-114 (0.61 g/t Au over 155.45 metres),
LC-24-118 (1.96 g/t Au over 59.44 metres), and LC-24-113
(2.58 g/t Au over 27.34 meters) were also drilled in the
Hotspot, clearly demonstrating continuity of the gold
mineralization. LC-24-114 was shutdown in mineralization (0.14
g/t Au over 36.58 metres) at a vertical depth of approximately
140 metres and extends Hotspot to the south another 40 metres.
- Drill hole LC-24-110 intercepted 2.70 g/t Au over 33.53
meters and LC-24-113 (2.58 g/t over 27.34 meters). These
intercepts extend Hotspot Zone west, toward the Central Zone by
approximately 50 metres.
- Notably, LC-24-117, which was drilled to a depth of 152.4
meters remained in gold mineralization at the bottom of the hole,
with the interval from 128.02 meters to the bottom returning
0.96 g/t Au over 24.38 metres. This intercept is at
approximately 120 m vertical depth, highlighting the zone’s
potential at depth.
- LC-24-119 also drilled to depth of 152 meters and remained in
mineralization at the bottom of the hole, with the interval from
124.97 meters to the bottom returning 1.23 g/t Au over 27.43
metres. This intercept extends mineralization at Hotspot
approximately 50 m to the southeast from all previous holes
drilled.
- The 2024 drill programs at Lapon Canyon were exploration and
definition focused. Drill holes were 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.
- Drilling at Lapon Canyon is carried out in different directions
(azimuths) from the same drill pad, for systematic drilling on
section, drill pads are placed at every 30 to 60 meters, with up to
five holes per pad.
- Previous and current drilling continue to define a sub to
horizontal geometry of the gold system. High grade shoots may have
developed within the broader mineralized domains.
Drill Hole |
|
From |
To |
Width* |
Gold |
(m) |
(m) |
(m) |
(g/t) |
LC-24-107 |
|
12.19 |
53.34 |
41.15 |
0.55 |
Including |
36.58 |
47.24 |
10.66 |
1.24 |
LC-24-108 |
|
0.00 |
60.96 |
60.96 |
0.44 |
LC-24-109 |
|
0.00 |
57.91 |
57.91 |
0.31 |
Including |
38.10 |
50.29 |
12.19 |
0.76 |
LC-24-110 |
|
41.15 |
74.68 |
33.53 |
2.70 |
Including |
45.72 |
57.91 |
12.19 |
5.99 |
LC-24-111 |
|
76.20 |
102.11 |
25.91 |
0.14 |
LC-24-112 |
|
24.38 |
35.05 |
10.67 |
0.24 |
|
91.44 |
118.87 |
27.43 |
0.18 |
LC-24-113 |
|
21.34 |
48.77 |
27.43 |
2.58 |
including |
25.91 |
32.00 |
6.09 |
4.13 |
and |
39.62 |
44.20 |
4.58 |
4.79 |
|
68.58 |
76.20 |
7.62 |
1.90 |
including |
70.10 |
73.15 |
3.05 |
4.08 |
LC-24-114 |
|
16.76 |
172.21 |
155.45 |
0.61 |
Including |
44.20 |
83.82 |
39.62 |
0.90 |
and |
103.63 |
117.35 |
13.72 |
2.32 |
and |
129.54 |
132.59 |
3.05 |
2.19 |
|
192.02 |
228.60 |
36.58 |
0.14 |
LC-24-115 |
|
105.16 |
115.82 |
10.66 |
0.37 |
LC-24-116 |
|
36.58 |
68.58 |
32.00 |
0.30 |
including |
65.53 |
68.58 |
3.05 |
2.09 |
LC-24-117 |
|
15.24 |
65.53 |
50.29 |
0.23 |
|
74.68 |
152.4 |
77.72 |
3.88 |
Including |
77.72 |
94.49 |
16.77 |
12.09 |
Including |
100.58 |
112.78 |
12.2 |
4.08 |
LC-24-118 |
|
0 |
21.34 |
21.34 |
0.35 |
|
35.05 |
59.44 |
24.39 |
0.27 |
|
68.58 |
128.02 |
59.44 |
1.96 |
Including |
68.58 |
74.68 |
6.10 |
8.17 |
LC-24-119 |
|
0 |
10.67 |
10.67 |
0.1 |
|
33.53 |
38.10 |
4.57 |
1.06 |
|
108.20 |
152.40 |
44.2 |
0.87 |
Including |
124.97 |
126.49 |
1.52 |
4.13 |
Table 2. All drill holes and intervals
released today. * Denotes the above drill results are presented
with lengths representing sampled lengths. True width is estimated
to be between 80 and 95 percent of sampled widths
Figure 1: Plan and section view of the Hotspot
zone, Central zone, with assay results from historical drilling
(grey traces) and 2024 drilling (red traces).Please click here to
view image
Michel David, Walker River’s President & CEO
states: “We are extremely encouraged by these current and past
drill results which continue to confirm the potential of the
project. We look forward to additional results from Lapon Canyon
and very excited with our ongoing interpretation of the gold
mineralization at Lapon Canyon.”
On-going work at Lapon Canyon consists of data
compilation, interpretation and resource modelling. Further results
will be released as they become available. Field work will restart
as soon as conditions allow.
The results from the 2024 drill programs and
subsequent data compilation will enable the completion of an
initial NI 43-101 compliant mineral resource on the 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. Certain 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 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,
identified by words such as “expects”, “anticipates”, “believes”,
“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
factors. Such factors include, without limitation, the ability to
complete proposed exploration work, the results of exploration,
continued availability of capital, and changes in general economic,
market and business conditions. Readers should not place undue
reliance on the 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, opinions, projections, or other factors,
should they change, except as required by applicable securities
laws.
Walker River Resources (TSXV:WRR)
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