Walker River Resources Corp. (“
Walker” or
the “
Company”) (TSX-V:
WRR) is
pleased to announce that reverse circulation (“RC”) drilling has
begun at the Lapon Gold Project, located in Mineral County, Nevada,
60 km SE of Yerington, NV.
The initial 2024 drill program at Lapon Canyon
will consist of exploration drilling near the historical Lapon
Canyon Mine, the “Central Zone”, and the newly discovered “Hot Spot
Zone”. Drill holes are planned to extend known gold-bearing
mineralized zones along trend and at depth, as well as to target
new areas of mineralization previously untested.
Lapon Canyon’s “Hotspot Zone” is a primary
target for the 2024 drill program. Following up on the blind,
high-grade, near surface discovery made in 2021, the Company will
carry out grid-style drilling over the target, testing for
extension of the mineralized zone in all directions as well as for
continuity with the mineralization of the “Central Zone”. Grid
drilling will consist of pads placed at approximately 30 m centres
on section, with up to five holes planned per pad. The
mineralization is not visible at surface, as it is overlain by
approximately 3 meters of loose colluvium, making the target blind,
but also making drill road access and pad construction quicker at
less cost.
Surficial mapping and rock sampling will be
carried out at bedrock exposures surrounding the Lapon Canyon gold
targets. Structural data collection will be a key objective, as
Walker aims to focus in on the structural controls of high-grade
mineralization and the broad disseminated deposits enveloping
them.
The Company also announces it has retained Serac
Exploration (“Serac”) of Vancouver BC., a
full-service mineral exploration consulting firm. Serac will be
responsible for the management and supervision of the drilling
database, geological mapping, producing drill logs from RC chips,
and producing a three-dimensional model of the Lapon Gold project.
Serac’s initial interpretations of Lapon’s historical data have
been used to produce a geological model of the Central and Hot Spot
zones, which has already greatly enhanced the planning and design
of Walker’s upcoming 2024 drill program.
Walker River has completed considerable
exploration work to date, with numerous drill hole intercepts that
have indicated significant gold mineralization. The drill programs
at Lapon Canyon will consist of definition and systematic drilling
on section for geological modelling purposes, exploration drilling
to discover new gold mineralization, extension of known gold
mineralization, in several directions, including at depth. 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.
Michel David, President states: “We are very
excited and encouraged by the past drill results which confirm the
potential of the project. The arrival of Serac on the project will
greatly aid in the acceleration of drilling, geological mapping and
understanding of the gold mineralization at the Lapon Gold
Project.”
The technical information contained in this news
release has been reviewed and approved by Dave Nuttal P.Geo,
President of Serac Exploration, who is an independent Qualified
Person as defined under NI 43-101.
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
Neither the 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 release.
Cautionary Statements Regarding Forward
Looking InformationThis 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. 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.
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