Walker Increases Land and Ownership at Lapon Canyon
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 INCREASES LAND AND OWNERSHIP AT LAPON CANYON
Vancouver, B.C. July 6, 2017 - Walker River Resources Corp. (“Walker” or the “Company”) (TSX-
V: “WRR”) is pleased to announce that it has increased its ownership and land holdings at the Lapon
Canyon gold project, located approximately 60 ki lometres southeast of Yerington, Nevada (the “ Lapon
Project”).
The Company has completed all requirements set out in the mining lease agreement with the original
owners of the Lapon Project (D. Po tts Trust) and has proceeded with the buyout of the lease agreement.
($217,000 USD). The original owners retain a 1% N.S.R on the Lapon Project. The claims have been duly
registered in the name of the Company’s wholly owned Nevada corporation, Walker River Resources,
LLC.
Additionally, Walker has increased its land holdings at the Lapon Project by acquiring through staking, an
additional 60 claims covering the strike and dip extensions of the altere d and mineralized zones
discovered by geological mapping conducted by the Company’s geologists, and confirmed by the 2015
and 2016 drill programs.
The Lapon Project now consists of 96 claims (1 ,940 acres) situated in the Wassuk Range, easily
accessible by secondary state roads from the main hi ghway (25 kilometres). A state grid power
transmission line passes within three kilometres of the Lapon Project.
Finally, the Company is also pleased to announce it h as increased its ownership of the Lapon Project to
100% by entering into a property purchase agr eement with Nevada Canyon Gold Corp. (“ Nevada
Canyon”) to purchase Nevada Canyon’s 30% interest in the Lapon Project.
Under terms of the property purchase agreement, the Company will acquire Nevada Canyon’s 30%
interest in the Lapon Project in exchange for 9, 100,000 common shares of the Company and warrants to
acquire an additional 11,900,000 common shares. Each wa rrant 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 Ne vada Canyon cannot exercise any warrants which would result in it
owning 10% or more of the issued and outstanding sh ares of the Company. Closing of the agreement with
Nevada Canyon is subject to the acceptance of the TSX Venture Exchange.
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 over
13.7 meters (uncut); 39.17 g/t over 9.2 meters (uncut); among others.
The drill program confirmed the pot ential for the emplacement of significant gold mineralization on the
project.
- 2 -
The Lapon Project is located within the Walker Lane shear zone, a 100 kilometre wide structural corridor
extending in a southeast direction from Reno, Nevada. Within this tr end, numerous gold, silver, and
copper mines are located, notably the historic Comstock Lode mines in Virginia City, the past producing
Esmeralda/Aurora gold mine, with reported produc tion of some one million ounces, as well as the
Anaconda open pit copper mine in Yerington. Nevada Copper’s new mi ne, Pumpkin Hollow, is also
located within the Wasuk Range about 25 kilometres north of Lapon.
The Lapon Project is cut by a series of steeply dipp ing cross fault structures cutting across the Walker
trend, analogous to other cross fault structures res ponsible 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 structur es have been discovered at Lapon, and at least two
can be traced for over four kilometers. Gold minera lization is located within echelon structures within
these faults. At least one of these shear zones, the 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 th e range of one ounce per ton, with a sample at the
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 pe rson 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 Servi ce Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exc hange) Accepts Responsibility For The Adequacy Or Accuracy Of This
News Release.