Walker Announces Drill Results from the Lapon GOLD Project
Suite 820-1130 West Pender St
Vancouver, B.C. V6E 4A4
Tel : 819 874-0030
Fax : 819 825-1199
_________________________________________________________________________________________
Trading Symbol: TSX-V: WRR
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
NEWS RELEASE
WALKER ANNOUNCES DRILL RESULTS FROM THE LAPON GOLD PROJECT
Vancouver, B.C. October 26, 2021 - Walker River Resources Corp. (“Walker” or the “Company”)
(TSX-V: “WRR”) is pleased to announce additional drill results from the 2021 reverse circulation (“RC”)
drill programs at its 100% owned Lapon Gold Project located approximately 60 kilometres southeast of
Yerington, Nevada.
This latest phase of drilling was necessary to determine structure and morphology for 3D geological
modelling. Drilling was concentrated on the boundary contacts of the gold mineralization with the
surrounding country rock (granite). The mineralization continues to be open along strike both to the NE
and SW. The previously reported results of high grade and significant widths encountered in RC drillhole
LC 21-65 is very important in this regard . It opens mineralization to the NE and may be the continuation
of the high-grade corridor some 500 meters to the east. Infill and follow up drilling will target this discovery
in the next phase of drilling scheduled to begin at the end of the month.
RC drillhole LC 21-67 returned 1.61 g/t Au over 29 meters beginning at 26 meters from surface, a further
significant width of mineralization. RC drillhole LC 21-64 returned notable widths as shown in the assay
table below. RC drillhole LC 21 -62 returned 1.32 g/t Au over 1.5 meters at 36 meters from surface in
granite. This hole is significant as another unexpected gold discovery in unaltered granite which has
occurred some 10 times since the beginning of the project.
Key Highlights:
• The results from the drilling expand the gold mineralization at Lapon Canyon, further define the
direction and dip of the higher-grade structures and expanded gold mineralization both laterally
and to depth as shown in LC 21-65 (previously announced) and in LC 21-70.
• The drill program is designed to ascertain granite contacts and their relationships with the altered
gold mineralized alteration zones. We continue t o intercept gold assay results in what was
previously believed to be barren granite (LC 21-62).
• This phase of the 2021 drill program will now target the higher-grade trends and expand the new
gold mineralization previously discovered at the 8800-foot elevation, and at the Honeypot, Holes
LC19-42 and 43, lateral extension and infill of LC 21-65, among other targets.
• The 2021 drill programs at Lapon Canyon consist of systematic drilling on section for geological
modelling purposes, as well as exploration drilling to discover new gold mineralization and extend
known gold mineralization.
As of this news release the Company has received assay results from 72 drillholes at the Lapon Project. Of
these, 19 returned significant higher grades, 23 returned significant lower grades, 16 were carried out in
unaltered granite, and 12 were lost/abandoned. The most recent drill results from the Lapon Gold Project
are summarized in the table below.
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Assay Table: Summary of Drill Results:
Hole
From
(m)
To
(m)
Length**
(m)
Assay (Au g/t) Notes:
LC 21-64 18.3 32 13.7 1.12
42.7 56.4 13.7 1.83
LC 21-67 25.9 54.9 29 1.61
LC 21-70 54.9 62.5 7.6 1.86
LC 21-62 36.5 38 1.5 1.32 granite
**True widths approx. 75-80%
Holes LC 21-66, 71, and 72 did not reach their intended target.
The next phase of drilling is scheduled to begin at the end of this month, following up and targeting the
extensions of the high-grade zones and corridors, both at depth and along strike, as discovered in previous
drilling at Lapon Canyon.
The Company will also complete an initial drill program at the Pikes Peak portion of the Lapon Gold
Project. Significant historical mining activities are present (shafts, adits, mill) in a copper -gold setting.
Sampling by the Company returned values of 9 g/t gold and 2.2% copper from outcrop here. It is significant
that there are no records of past drilling or modern-day exploration ever carried out at Pikes Peak.
The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length),
intensely altered (sericite, iron oxides) sheared and faulted NE trending zone. Gold mineralization is present
pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct
high-grade structures, that have been drilled over a strike length of over 850 meters and a vertical extent of
400 meters. The high-grade gold mineralization is encountered in discrete, traceable zones located at the
intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.
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 kilometre s 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).
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Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the super vision 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 sample s 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 2 kg pulp screened to 100 microns. Duplicate assay on
screen undersize. Assay of entire oversize fraction.
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: 819 874-0030
Fax: 819 825-1199
Email: [email protected]
Website: www.wrrgold.com
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