Walker Announces Drill Results from the Lapon Gold Project
26 10월 2021 - 9:00PM
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.
This latest phase of drilling was necessary to
determine structure and morphology for 3D geological modelling.
Drilling was concentrated on the boundary contacts of the gold
mineralization with the surrounding country rock (granite). The
mineralization continues to be open along strike both to the NE and
SW. The previously reported results of high grade and significant
widths encountered in RC drillhole LC 21-65 is very important in
this regard. It opens mineralization to the NE and may be the
continuation of the high-grade corridor some 500 meters to the
east. Infill and follow up drilling will target this discovery in
the next phase of drilling scheduled to begin at the end of the
month.
RC drillhole LC 21-67 returned 1.61 g/t Au over
29 meters beginning at 26 meters from surface, a further
significant width of mineralization. RC drillhole LC 21-64 returned
notable widths as shown in the assay table below. RC drillhole LC
21-62 returned 1.32 g/t Au over 1.5 meters at 36 meters from
surface in granite. This hole is significant as another unexpected
gold discovery in unaltered granite which has occurred some 10
times since the beginning of the project.
Key Highlights:
- The results from the drilling
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 LC 21-65
(previously announced) and in LC 21-70.
- 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
(LC 21-62).
- This phase of the 2021 drill
program will now target the higher-grade trends and expand the new
gold mineralization previously discovered at the 8800-foot
elevation, and at the Honeypot, Holes LC19-42 and 43, lateral
extension and infill of LC 21-65, among other targets.
- The 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.
As of this news release 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. The most recent drill results from the Lapon Gold
Project are summarized in the table below.
Assay Table: Summary of Drill
Results:
Hole |
|
From(m) |
To(m) |
Length**(m) |
Assay (Au g/t) |
Notes: |
LC 21-64 |
|
18.3 |
32 |
13.7 |
1.12 |
|
|
|
42.7 |
56.4 |
13.7 |
1.83 |
|
|
|
|
|
|
|
|
LC 21-67 |
|
25.9 |
54.9 |
29 |
1.61 |
|
|
|
|
|
|
|
|
LC 21-70 |
|
54.9 |
62.5 |
7.6 |
1.86 |
|
|
|
|
|
|
|
|
LC 21-62 |
|
36.5 |
38 |
1.5 |
1.32 |
granite |
**True widths approx. 75-80%
Holes LC 21-66, 71, and 72 did not reach their
intended target.
The next phase of drilling is scheduled to begin
at the end of this month, following up and targeting the extensions
of the high-grade zones and corridors, both at depth and along
strike, as discovered in previous drilling at Lapon Canyon.
The Company will also complete an initial drill
program at the Pikes Peak portion of the Lapon Gold Project.
Significant historical mining activities are present (shafts,
adits, mill) in a copper-gold setting. Sampling by the Company
returned values of 9 g/t gold and 2.2% copper from outcrop here. It
is significant that there are no records of past drilling or
modern-day exploration ever carried out at 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 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 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 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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