Walker River Resources Corp.
(“
Walker” or the “
Company”)
(TSX-V: “
WRR”) is pleased to announce additional
drill results from the 2021 reverse circulation
(“
RC”) drill programs at its 100% owned Lapon Gold
Project located approximately 60 kilometres southeast of Yerington,
Nevada.
RC drill hole LC 21-65 returned 3.45 g/t Au over
30.5 meters from a depth of 33.5 meters. This is a very significant
hole as it was drilled approx. 150 meters from the nearest
intercept. It also includes a higher-grade intercept of 9.65 g/t Au
over 1.5 meters, which appears to be on strike with the high-grade
corridor located approx. 500 meters to the west.
RC drillhole LC 21-61 returned 1.22 g/t Au over
7.6 meters from surface. This hole is significant as it
demonstrates mineralization in granite.
Key Highlights:
- The drilling results expand the
gold mineralization at Lapon Canyon, further define the direction
and dip of the higher-grade structures, and expanded gold
mineralization both laterally and to depth as shown in drill hole
LC 21-65.
- LC 21-60 was designed to determine
the possible extension of the higher-grade mineralization corridor
discovered at Lapon. The corridor does deflect and warp along dip
and strike (azimuth). It is believed that the higher-grade
intercept in the hole at the target depth of 44 meters (1.5 meters
of 9.32 g/t Au) represents the leading edge of the high-grade
corridor. In addition, at a depth of 55 meters, we had no recovery
of sample over 3.5 meters, which is often indicative of intense
fracturing, prevalent in the high-grade structures at Lapon.
- The drill program is designed to
ascertain granite contacts and their relationships with the altered
gold mineralized alteration zones. We continue to intercept gold
assay results in what was previously believed to be barren granite,
as evidenced in drill holes LC 21-56 to 61.
- The 2021 drill program will
continue to target the higher-grade trends and expand the new gold
mineralization previously discovered at the 8800-foot elevation, at
the Honeypot, Holes LC19-42 and 43, the lateral extension of LC
21-65, among other targets at Lapon Canyon.
- The 2020-2021 drill programs at
Lapon Canyon 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.
Assay Table: Summary of Drill
Results:
Hole |
|
From(m) |
To(m) |
Length**(m) |
Assay (Au g/t) |
Notes: |
LC 21-65 |
|
13.7 |
68.5 |
54.8 |
1.88 |
|
Incl |
|
33.5 |
64 |
30.5 |
3.45 |
|
incl |
|
33.4 |
35 |
1.5 |
9.65 |
|
|
|
|
|
|
|
|
LC 21-60 |
|
27.4 |
45.7 |
18.3 |
1.63 |
|
Incl |
|
44.2 |
45.7 |
1.5 |
9.32 |
|
|
|
|
|
|
|
|
LC 21-59 |
|
38.1 |
51.8 |
13.7 |
1.54 |
|
|
|
|
|
|
|
|
LC 21-61 |
|
0 |
7.6 |
7.6 |
1.22 |
Granite |
|
|
|
|
|
|
|
LC 21-56 |
|
44.2 |
57.9 |
13.7 |
.884 |
|
|
|
54.9 |
57.9 |
3 |
1.68 |
Granite |
**True widths approx. 75-80%
The above drill assays are not necessarily in
chronological drilling order, results are reported as received.
Drillholes LC 61–63 were granite at the footwall
contact of the unaltered granite with the faulted/mineralized
material, in the granitic transition zone between each.
Significantly, LC 21- 61 returned1.22 g/t Au over 7.6 meters from
surface.
Assays are pending from drillholes LC 21-64, and
66 – 72. Further results will be released as they become
available
To date the Company has received assay results
from 64 drillholes at the Lapon Project. Of these, 19 returned
significant higher grades, 19 returned significant lower grades, 13
were carried out in unaltered granite, and 9 were
lost/abandoned.
Historical Drill Highlights (previously
announced) from significant high grade drill holes include:
- 7.84 g/t Au over 22.9 m in LC 15-02
incl 66.8 g/t over 1.5 m, and 43.7 g/t over 1.56 m
- 48.02 g/t over 13.7 m in LC 16-10
incl 451 g/t over 1.5 m
- 77.62 g/t over 12.2 m 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
m
- 39.12 g/t over 9.2 m in LC 16-12
incl 201g/t over 1.5 m
- 32.07 g/t over 6.1 m in LC 17-19
incl 53.4 g/t over 1.5 m
- 31.1 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 m
- 96.03 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
m
- 94.g/t over 6.1 m in LC 19-43 incl
305 g/t over 1.5 m and73.8 g/t over 1.5m
- 1.04 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 800 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.
The present drill program at the Lapon Canyon
portion of the Project, will continue to 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. A further 40 holes are scheduled and
planned at Lapon Canyon. Drilling is scheduled to get underway in
late September.
Finally, the Company has received approval from the
U.S. Bureau of Land Management (the“BLM”) for its
Notice of Intent (the“NOI”) exploration permit to
conduct for drilling on the Pikes Peak portion of the Lapon Gold
Project. The Company has bonded for 10 drill pads. Significant
historical mining activities and numerous milling facilities are
present on the property, in what appears to be a copper-gold
setting. Previous sampling by the Company returned values of 9 g/t
Au and 2.20% Cu in outcrops. Drilling is also scheduled to begin
here in late September.
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 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 sample 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 2 kg pulp screened to 100 microns. Duplicate assay on screen
undersize. Assay of entire oversize fraction.
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
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