Walker River receives drill permit for Lapon Canyon

Jun 19, 2014

WALKER RIVER RECEIVES DRILL PERMIT

Walker River Resources Corp. has received a drilling permit from the Bureau of Land Management (BLM) for an upcoming drill program on its wholly owned Lapon Canyon gold project, located approximately 60 kilometres south of Yerington, Nev.

Walker’s initial planned diamond drill core program will target potential high-grade gold mineralization in crosscutting shear structures. Results and compilation from this initial drill program will be utilized in the planning of a follow-up diamond drilling program.

The Lapon Canyon gold project consists of 36 claims (720 acres) located approximately 60 kilometres south of Yerington, Nev., in the Wasuk Range, easily accessible by secondary state roads from the main highway (25 kilometres). A power transmission line passes within three kilometres of the property.

The Lapon Canyon project is located within the Walker Lane shear zone, a 100-kilometre-wide structural corridor extending in a southeast direction from Reno. The past-producing historic Comstock lode silver/gold mine is located within this trend, as is the past-producing Esmeralda/Aurora gold mine, with reported production of about one million ounces. Nevada Copper Corp.’s new mine, Pumpkin Hollow (981,000 ounces of gold, 34 million ounces of silver and 5.4 billion pounds of copper), is also located within the Wasuk Range about 25 kilometres north of Lapon Canyon.

The Lapon Canyon project is cut by a series of steeply dipping cross-fault structures cutting across the Walker trend, analagous to other cross-fault structures responsible for many gold and base metal deposits in the world. These faults are heavily sheared and altered with abundant silica. They vary in width from 60 to 300 metres. Four of these structures can be seen in Lapon Canyon, and two can be traced over four kilometres.

The gold mineralization is located within en echelon structures within these faults.

Small-scale, high-grade gold mining began in 1914. The mine area was at the top of the canyon, and at that time it was extremely difficult to access, indicating that the mineralization was rich enough to drag equipment and supplies up a steep canyon. About 600 metres of drifts were developed and a two-stamp mill was built. Further limited underground work was carried out, returning numerous assay values in the range of one ounce per ton, with a sample at the end of an adit returning 20.6 ounces per ton (National Instrument 43-101, Montgomery and Barr, 2004).

Surface sampling by Walker returned a result of 0.398 ounce per ton gold (see news release of Jan. 9, 2014).

E. Gauthier, Geol, Eng (OIQ), acts as the qualified person for the company, and has reviewed and approved the contents of this release.

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