Walker Announces Exploration Program Update From the Lapon Gold Project
February 10 2021 - 10:00AM
Walker River Resources Corp.
(“
Walker” or the “
Company”)
(TSX-V: “
WRR”) announces that its drilling program
will recommence during the week of February 22. The present reverse
circulation (“
RC”) drill program, that began at
the end of 2020, and which halted at the New Year’ break, has been
delayed due to COVID-19 related problems and restrictions.
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
modern-day 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).
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 750 meters and a vertical extent of
400 meters. The high-grade gold mineralization was encountered in
discrete, traceable zones located at the intersection of flat lying
porphyry dikes and vertical stockwork fracture chimneys. Examples
of high-grade drill hole intercepts include: 48 g/t over 13.7
meters in hole LC 16-10; 39 g/t over 12.0 meters in hole LC 16-12;
31 g/t over 13.7 meters in hole LC 18-29; 96 g/t over 13.7 meters
in hole LC 19- 42; and 94 g/t over 6.1 meters in hole LC 19- 43.
Gold mineralization is open.
The present drill program at the Lapon Gold
project will 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. At least 60 holes are planned here, of which ten
have been carried out. Results are pending and will be released as
they become available.
At the Pikes Peak portion of the project, the
Company has completed access for future exploration. Initial
reconnaissance mapping and sampling and returned values of 9 g/t Au
and 2.22% Cu from outcrop. Significant historical milling and
mining workings are present. At least 10 holes are planned
here.
The Rattlesnake portion contains historical
adits and extensive gold placer mining activities, all within the
altered sheared zone encountered at Lapon Canyon, some 600 meters
higher and 3 km on strike from Rattlesnake. At least 10 holes are
planned here.
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 director
of the Company, and 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: 819 874-0030Fax:
819 825-1199Email: info@wrrgold.comWebsite: www.wrrgold.com
Neither 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 News Release.
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