Walker River Resources Corp.
(“
Walker” or the “
Company”)
(TSX-V: “
WRR”) is pleased to provide an update on
its reverse circulation (“
RC”) drill program at
the 100% owned Lapon Gold Project located approximately 60
kilometres southeast of Yerington, Nevada.
A total of seventeen (17) drill holes were
completed at the Lapon Gold Project. Sample preparation of the
drill holes has been finalized, with over 1300 samples submitted to
certified laboratory facilities in Sparks, NV.
Seven (7) RC drill holes were drilled at the
Pikes Peak portion of the Lapon Gold Project. Of these, two were
abandoned in poor rock conditions consisting of intense shearing,
fracturing and the abundance of water encountered within the
holes.
These RC drill holes represent the first
recorded modern drilling at Pikes Peak. This initial drill program
was designed for geological purposes to determine rock types,
geometry, structure, and the potential for gold and copper
mineralization.
Significant historical mining activities are
present at Pikes Peak (shafts, adits, mill) in a copper – gold
environment. Previous sampling (see news release 9/04/2019) by
Walker returned values of 9 g/t Gold and 2.2% Copper from bedrock.
Geological mapping and surveying also revealed the presence of
quartz monozonite porphyry, very significant for the emplacement of
copper gold mineralization in Nevada and elsewhere. The historical
underground workings at the Pikes Peak Project are currently
inaccessible, due to cave-ins and unstable ground.
Ten (10) holes were carried out at the Lapon
Canyon portion of the Lapon Gold Project. Primarily on continued
drill exploration at the Hotspot area, located 200 meters above and
250 meters on strike SE of the historic mine workings, and high -
grade drilling intercepts from Walker’s previous drilling (see
Walker’s previous news release from 2016 to 2022).
Significant drill results were encountered at
the Hotspot zone, including 7.62 g/t Au over 48.8 m in LC 21-80,
5.68 g/t Au over 60.9 m in LC 21-81 and 1.84 g/t Au over 122 m in
LC 21-84, (see news release 03/31/2022) among other significant
drill results from this specific area of the Project.
The Hotspot Zone appears to be flat lying (sub
horizontal to horizontal), analogous to Basin and Range thrust
faulting. For these reasons, drilling appears it can be carried out
in different directions (azimuth) from the same drill pad, with
multiple holes drilled from one drill set up, often in a fan shaped
pattern.
The current drill program was designed to test
the feasibility of drilling multiple holes from the same drill set
up, for systematic drilling on section. Drilling was successful in
this regard, with the completion of 10 holes from three drill pads.
This, combined with the geometry of the mineralized zone, will
allow Walker to carry out systematic drilling on section with pads
placed at every 30 meters or so, and up to five (5) drill holes per
drill pad.
The Hot Spot area’s topography and steepness of
the mountain is less severe, allowing for simpler, faster drill
access construction, set up and drilling. The mineralization is not
visible at surface, as it is overlain by approximately 3 meters of
loose colluvium, making drill road access and pad construction
quicker at less cost. Additional drill access road and pad
construction has been completed for future drill programs.
Assays are pending from the above Lapon Gold
Project RC drill program’s recently submitted samples, results will
be released as they become available.
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. (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 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 50g gravimetric finish. 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 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
“Michel
David”________________________Michel David,Chief
Executive Officer and Director
FOR FURTHER INFORMATION PLEASE
CONTACT:
Walker River Resources Corp.Tel: 819 874-0030Fax:
819 825-1199Email: info@wrrgold.comWebsite: www.wrrgold.com
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.
Forward-Looking
Statements
Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding Walker’s intention to continue to identify
potential transactions and make certain corporate changes and
applications. Forward looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations, or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits Walker
will obtain from them. These forward-looking statements reflect
management’s current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause actual results to differ
materially from those expressed or implied by the forward-looking
statements, including Walker’s results from exploration or review
of properties that Walker does acquire. These forward-looking
statements are made as of the date of this news release and Walker
assumes no obligation to update these forward-looking statements,
or to update the reasons why actual results differed from those
projected in the forward-looking statements, except in accordance
with applicable securities laws.
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