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Walker Lane Resources Ltd. Receives Positive Results from Airborne Geophysical Surveys and Geological Mapping Completed by Coeur on the Silverknife Property, BC and also are Clarifying Details Related to their recent Nevada Transactions
VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- Walker Lane Resources Ltd. (TSX-V:...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"Walker Lane Resources Ltd. Receives Positive Results from Airborne Geophysical Surveys and Geological Mapping Completed by Coeur on the Silverknife Property, BC and also are Clarifying Details Related to their recent Nevada Transactions\n\n\n\n VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- Walker Lane Resources Ltd. (TSX-V:WLR, FRA: 6YL) (the “Company” or “Walker Lane”) is pleased to announce that is has received results from Coeur Silvertip Holdings Ltd. (“Coeur”) on field geophysical and geological studies completed in late 2024 on the Silverknife Property, British Columbia. Coeur contracted Expert Geophysics Limited (“Expert”) and Precision Geophysics (“Precision”) to complete the airborne geophysical surveys, and 39627 Yukon Inc. to complete geological mapping of the Silverknife Property and an initial geochemical survey of the northern portion of the property.\n \n\n This work was completed by Coeur as a part of the option agreement for the Silverknife Property with Walker Lane. The four-year option agreement provides for $3.55 million in work expenditures and $500,000 in property payments by Coeur to earn a 75% interest in the Silverknife Property which is immediately adjacent to Coeur’s Silvertip Mine claims.\n \n\n The primary results of these work efforts are:\n \n\n\n The geological map of the property is now significantly revised and better defines the location of prospective lithological units;\n \n\n The geophysical surveys served to:\n \n\n Define the presence of complex fault structures;\n \n\n Present additional conductivity data;\n \n\n Identify a potential new prospective zone in the northeastern section of the property; and\n \n\n Enhance the continued prospectivity of the Tootsee River North, Silverknife Central and Silverknife South zones of exploration prospectivity.\n \n\n\n\n\n Kevin Brewer, President and CEO of Walker Lane noted, “We are very pleased with that the geological mapping and airborne geophysics has clearly served to better define and confirm the zones of exploration prospectivity. This work identified key structural features such as faults which are known in the region to be controls and loci of mineralization. Other features such the presence of fugitive calcite in outcrops typically demonstr...