Walker River Announces Drill Results from New Discovery at Lapon Canyon Return 7.62 G/T Au over 48.8 Meters and 77.14 G/T Au over 4.5 Meters
Suite 820-1130 West Pender St
Vancouver, B.C.V6E 4A4
Tel : 819 874-0030
Fax : 819 825-1199
_________________________________________________________________________________________
Trading Symbol: TSX-V: WRR
NEWS RELEASE
WALKER RIVER ANNOUNCES DRILL RESULTS FROM NEW DISCOVERY AT
LAPON CANYON RETURN 7.62 G/T AU OVER 48.8 METERS AND 77.14 G/T AU
OVER 4.5 METERS
Vancouver, B.C. March 31, 2022 – Walker River Resources Corp. (“Walker” or the “Company”)
(TSX-V: “WRR”) is pleased to announce drill results from the late 2021 reverse circulation (“RC”) drill
program at the Lapon Canyon portion, of its 100% owned Lapon Gold Project located approximately 60
kilometres southeast of Yerington, Nevada.
Drill results confirm the discovery of a new high grade gold mineralized zone (the “Hotspot”).
LC 21-80 returned 7.62 g/t Au over 48.8 meters, including 77.16 g/t Au over 4.5 meters.
LC 21-81 returned 5.68 g/t Au over 60.9 meters, including 17.76 g/t Au over 18.3 meters, and 99.7 g/t Au
over 1.5 meters.
LC 21-82 returned 1.84 g/t Au over 122 meters including 8.61 g/t Au over 9.2 meters, and 4.28 g/t Au over
47.3 meters, the latter two results being in granite. The hole ended in gold mineralization at 122 meters.
Key Highlights
• The p resence of significant gold mineralization in granite (LC 21-82), demonstrates new and
significant potential to the project. Previously the granite was thought to be barren. The Company
will now undertake to assay granites from the previous drillhole samples not sent to the lab.
• It is now warranted to drill longer and deeper holes at Lapon Canyon, with significant gold
mineralization recently discovered within the granite at the Hotspot, previously unknown to exist
on the Project.
• Hole 21-65 (1.88 g/t over 54.5 meters) was the initial discovery hole. The zone is not visible at
surface, as it is covered by a blanket of colluvium and granite boulders
• Holes LC 20-35 (1.35 g/t over 22.9 meters) and LC 21-67, located some 100 meters NW of the
new Hotspot zone confirmed its discovery.
• The unanticipated robust nature of gold mineralization discovered at the Hotspot zone, allows the
Company to apply the same methodologies at Lapon Canyon’s other known mineralized zones.
Including, follow up drilling at the mineralized zones discovered in holes LC 19-42 and 43.
• The 2022 drill p rograms at Lapon Canyon will now 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, including, now at depth.
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Assay Table: Summary of Drill Results:
Hole
From
(m)
To
(m)
Length*
(m)
Assay
(Au g/t)*
Gold Metal
Factor
(g/t x m)
Notes:
LC 21-80 10.7 59.5 48.8 7.62 372
incl 55 59.5 4.5 77.62 347
and 55 56.5 1.5 166.37 249
and 58 59.5 1.5 65.00 97.5
LC 21-81 10.7 71.6 60.9 5.68 346
incl 41.2 59.5 18.3 17.76 325
and 47.3 48.8 1.5 99.78 150
and 53.4 54.9 1.5 39.98 60
and 57.9 59.4 1.5 50.98 76
LC 21-82 0 122 122** 1.84 224
incl 64 111.3 47.3 4.28 202
and 85.3 122 36.7 3.46 127 In Granite
and 85.3 94.5 9.2 8.61 79 In Granite
LC 21-76 13.7 15.2 1.5 25.57 38
* The above drill results are presented uncapped and lengths represent sampled lengths. True width is
estimated to be between 60 and 80 percent of sampled widths.
** LC 21-82 ended at 122 meters in gold mineralization
The new Hotspot zone is located some 200 meters above and 250 meters SE, on strike with the high-grade
mineralization at the historic mine workings , with previously reported high grade drill results (LC 16-10
77.62 g/t over 12.2 meters, among others).
Other drill holes include LC 21-76 and LC 21-84 where a second altered zone was discovered below granite.
The two altered zones show anomalous to low grade gold throughout, with LC 21-76 returning a high-grade
value of 25.57 g/t over 1.5 meters. The granites also show anomalous gold values throughout, an excellent
indicator for future exploration. The presence of a second altered zone below granite is very significant as
it increases the potential of Lapon Canyon. Hole LC 21- 84 was lost at 140 meters in intense fracturing, an
indicator of potential gold mineralization at Lapon Canyon.
Drillholes LC 21 -73 to 75 were drilled in the barren late-stage diorite intrusive at the bottom of Lapon
Canyon, for geological info rmational purposes, obtaining thicknesses and angles within th e intrusive,
important geological information for future drilling.
Drillholes LC 21-85 and 86, were drilled in the lower granites, in preparation for follow up drilling of the
high-grade mineralization discovered in Holes LC 19-42 and 43.
Finally, holes LC 21-77 to 79 were drilled to ascertain geological parameters for the drilling of the discovery
at the new Hotspot zone. Unexpectedly this led to the discovery of the Upper Granite, which is well
mineralized in LC 21-82 (Hotspot).
Now that th e late 2021 drill program assay results have been received, planning of the continuation of
drilling at Lapon Canyon is underway. Due to t he robust nature of the gold mineralization at the new
Hotspot zone discovery, both unexpected and surprising, the Company will shift its focus here, and using
the same methodologies, follow up drilling at the discoveries encountered in holes LC 19-42 and 43.
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Drilling at the Pikes Peak portion of the Lapon Gold Project, which was interrupted in late 2021, due to
poor road access conditions, will begin as soon as possible , subject to road access conditions and drill
contractor availability. Significant historical mining activities are present (shafts, adits, mill) in a copper
gold environment. Sampling by Walker returned values of 9 g/t Au, and 2.2% Cu fro m outcrop. It is
significant that there are no reported drilling or exploration activities from 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 fault 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 lengt h 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 kilometres to the west and over 6 00 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 Walkers 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 s ample 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.
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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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