Walker River Announces Pikes PEAK Royalty Agreement
Suite 820-1130 West Pender St
Vancouver, B.C.
V6E 4A4
Tel : 819 874-0030
Fax : 819 825-1199
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Trading Symbol: WRR
// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //
NEWS RELEASE
WALKER RIVER ANNOUNCES PIKES PEAK ROYALTY AGREEMENT
Vancouver, B.C. June 13, 2024 - Walker River Resources Corp. (“Walker” or the “ Company”) (TSX-V:
WRR) announces it has signed through its wholly owned subsidiary, Walker River Resources, LLC, a binding
Purchase Agreement (the “Agreement”) with Nevada Canyon, LLC, a wholly owned subsidiary of Nevada
Canyon Gold Corp. (“Nevada Canyon”), to sell a 2.0 per-cent net smelter returns royalty (NSR) on the Pikes
Peak Project, (the “Project”) located in Mineral County, Nevada.
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Walker River owns a 100% undivided interest in the Project, consisting of 36 unpatented lode mining claims
identified as the Pikes Peak claim groups situated in Mineral County, Nevada, within the northern portion of the
Walker Lane gold trend.
The Project hosts significant historical mining activity (numerous shafts, adits, mill) in a copper gold
environment at Pikes Peak. A regional sampling program by Walker River returned values of 9 g/t Au, and 2.2%
Cu from outcrop. Walker River completed an initial small RC drill program in 2022 at the Pikes Peak Project.
The goal of this drilling was to acquire geological information to guide future exploration. Though there is no
geological, drilling, or exploration data available, Walker River was able to make a significant discovery of gold
mineralization in its initial exploration programs.
Current access to historical underground workings is presently unavailable due to minor cave -ins and loose
material at the entrances (Portals). Walker River is currently opening and rehabilitating certain of these Portals,
enabling access to the underground workings for geological purposes of determining rock types, structure, dip
and delineation of such. This geological data compiled with the results from the initial 2022 RC drill program
will greatly assist in determining geological parameters and developing mineralization targets for the next drill
program here in 2024.
The Project is easily accessible by secondary state roads from the main highway (15 miles), and is located
approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2
miles of the Project. It is significant that until Walker River’s arrival, there are no reported modern-day drilling
or exploration activities from Pikes Peak. The Pikes Peak presents significant potential for gold -copper
mineralization as proven by Walker River’s sampling, drilling, and the pres ence of significant past mining
activities here. The property appears to exhibit the potential for porphyry type copper gold mineralization similar
to other copper gold systems in North America
Nevada Canyon will acquire the 2.0 per-cent NSR on the Pikes Peak Project for total consideration of USD
$150,000 cash.
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 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. (NI 43-101, Montgomery and Barr, 2004).
FOR FURTHER INFORMATION PLEASE CONTACT:
Michel David, CEO & Director
Tel: 819 874-0030
Email: [email protected]
Website: www.wrrgold.com
Neither the 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 release.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-
looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical
fact, included herein, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by
words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or
statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved There can be no assurance
that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political, social and regulatory uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have
made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the
forward-looking statements and information contained in this news release concerning these items. The Company does not
assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they
change, except as required by applicable securities laws.