Walker River Resources Corp.
(“
Walker” or the “
Company”)
(TSX-V: “
WRR”) is pleased to announce drilling has
restarted on the 2021 reverse circulation (“
RC”)
drilling program at the Lapon Canyon portion, of the 100% owned
Lapon Gold Project located approximately 60 kilometres southeast of
Yerington, Nevada.
Significant, visible gold (VG) was noted at a
depth of 18.3 meters in hole LC 21-76, in the chip tray used for
visual logging purposes at the drill rig.
The 2021 drilling programs have been designed to
determine structure and morphology for 3D geological modelling.
Drilling has concentrated on the boundary contacts of the gold
mineralization with the surrounding country rock (granite). To
date, drilling has been successful in determining the gold
mineralization continuing to be open along strike both to the NE
and SW, including the discovery of new mineralization. Drill hole
LC 21-65 (previously announced) was very important in this regard,
it opened up mineralization to the NE, potentially being the
continuation of the high-grade corridor some 500 meters to the
west.
The present drilling will now follow up and
target the extensions of the high-grade zones and corridors, both
at depth and along strike, as discovered in previous drilling at
Lapon Canyon.
To date, the Company has received assay results
from 72 drillholes at the Lapon project. Of these, 19 returned
significant higher grades, 23 returned significant lower grades, 16
were carried out in unaltered granite, and 12 were
lost/abandoned.
Drill Highlights (among others) from higher
grade drill holes (previously announced) include:
7.84 g/t Au over 22.9 meters in LC 15-02
including 66.8 g/t over 1.5 meters, and 43.7 g/t over 1.56 m48.02
g/t over 13.7 meters in LC 16-10 including 451 g/t over 1.5
meters77.62 g/t over 12.2 meters in LC 16-10 incl 227g/t over 1.5
m, 207 g/t over 1.5 m, and 106 g/t over 1.5 m39.12 g/t over 9.2 m
in LC 16-12 incl 201g/t over 1.5 m32.07 g/t over 6.1 m in LC 17-19
incl 53.4 g/t over 1.5 m31.1 g/t over 13.7 m in LC 18-29 incl 198
g/t over 1,5 m and 78.1 g/t over 1.5 m96.03 g/t over 13.7 m in
LC19-42 incl 547 g/t over 1.5m, 115 g/t over 1.5 m, and 199 g/t
over 1.5 m94.g/t over 6.1 m in LC 19-43 incl 305 g/t over 1.5 m
and73.8 g/t over 1.5m1.04 g/t over 59.5 m in LC 20-53
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 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 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
Walker’s 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 Adit A
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 sample preparation facility was continuously
monitored. A blank or certified reference material was inserted
approximately every tenth sample. The Lapon Canyon samples are
delivered to American Assays Laboratories, certified laboratory
facilities in Sparks NV. The samples are 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 2 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, an industry standard on
Reverse Circulation (“RC”) exploration drill programs. 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 American Assays Laboratories,
certified laboratory facilities in Sparks NV.
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: 819 874-0030Fax:
819 825-1199Email: info@wrrgold.comWebsite: www.wrrgold.com
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Accuracy Of This News Release.
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