Walker Announces Start of Drill Program
Suite 820-1130 West Pender St
Vancouver, B.C.
V6E 4A4
Tel : 819 874-0030
Fax : 819 825-1199
_________________________________________________________________________________________
Trading Symbol: WRR
NEWS RELEASE
WALKER ANNOUNCES START OF DRILL PROGRAM
Vancouver, B.C. July 19, 2017 - Walker River Resour ces Corp. (“ Walker ” or the “ Company ”)
(TSX-V: “ WRR ”) is pleased to announce that drilling has begun o n its wholly owned Lapon Canyon
Gold Project, located approximately 60 kilometres s outheast of Yerington, Nevada. (the “ Lapon
Project ”).
The Lapon Project consists of 96 claims (1,940 acre s) situated in the Wassuk Range, easily accessible by
secondary state roads from the main highway (25 kilometres). A state grid power transmission line passes
within three kilometres of the Lapon Project.
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Finally, the Company announces it has received TSX Venture Exchange approval for the property
purchase agreement with Nevada Canyon Gold Corp. (“ Nevada Canyon ”), previously announced on July
6, 2017. The Company now has 100% ownership of the Lapon Project, subject to a 2% N.S.R royalty
payable to previous lease holders and the original owners.
Under terms of the property purchase agreement, the Company acquired Nevada Canyon’s 30% interest
in the Lapon Project in exchange for 9,100,000 comm on shares of the Company and warrants to acquire
an additional 11,900,000 common shares. Each warran t is exercisable for a period of five years without
further consideration into one common share in the capital of the Company. The terms of the warrants
contain a provision that Nevada Canyon cannot exerc ise any warrants which would result in it owning
10% or more of the issued and outstanding shares of the Company. All securities issued above are subject
to a hold period expiring on November 20, 2017, bei ng four months and one day after closing of the
property purchase agreement.
About the Lapon Project
Previous geological mapping and prospecting on the Lapon Project demonstrated the potential for the
emplacement of significant gold mineralization. Drilling in late 2015 and 2016 confirmed this potential.
Drilling highlights (previously announced) included 77.62 g/t Au over 12.2 meters (uncut); 48.02 g/t o ver
13.7 meters (uncut); 39.17 g/t over 9.2 meters (uncut); among others.
The drill program confirmed the potential for the e mplacement of significant gold mineralization on th e
project.
The Lapon Project is located within the Walker Lane shear zone, a 100 kilometre wide structural corrid or
extending in a southeast direction from Reno, Nevad a. Within this trend, numerous gold, silver, and
copper mines are located, notably the historic Coms tock Lode mines in Virginia City, the past producin g
Esmeralda/Aurora gold mine, with reported productio n of some one million ounces, as well as the
Anaconda open pit copper mine in Yerington. Nevada Copper’s new mine, Pumpkin Hollow, is also
located within the Wasuk Range about 25 kilometres north of Lapon.
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The Lapon Project is cut by a series of steeply dip ping cross fault structures cutting across the Walk er
trend, analogous to other cross fault structures re sponsible for many gold and base metal deposits in the
world. These faults are heavily sheared and altered (sericite, iron oxides) with abundant silica. They vary
in width from 60 to 300 meters. Four of these struc tures have been discovered at Lapon, and at least t wo
can be traced for over four kilometers. Gold minera lization is located within echelon structures withi n
these faults. At least one of these shear zones, th e Lapon Rose zone was the site of underground
development, and shows a minimum strike length of 4 kilometers, has a width of over 60 meters and has a
vertical extent of at least 650 meters.
Small scale high grade mining began on the project in 1914. Approximately 600 meters of drifts and
raises were developed from two adits and a two stam p mill was built. Further limited underground work
was carried out, returning numerous assay values in the range of one ounce per ton, with a sample at t he
end of an adit returning 20.6 ounces per ton. (National Instrument 43-101, Montgomery and Barr, 2004).
E.Gauthier, Geol, Eng (OIQ) acts as the qualified p erson to the Company and has approved the contents
of this release.
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
Neither TSX Venture Exchange Nor Its Regulation Ser vice Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exchange) Accepts Respo nsibility For The Adequacy Or Accuracy Of This
News Release.