Business
Walker Updates Exploration at Lapon Canyon
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2017) - Walker River Resources Corp. &...
About this update from Walker River Resources Corp.
[{"type":"text","content":"Walker Updates Exploration at Lapon CanyonVancouver, British Columbia--(Newsfile Corp. - May 10, 2017) - Walker River Resources Corp. (TSXV: WRR) (\"Walker\" or the \"Company\") is pleased to update its exploration program on the Lapon Canyon gold project, located approximately 60 kilometres southeast of Yerington, Nevada.The Lapon Project consists of 36 claims (720 acres) situated in the Wassuk Range, easily accessible by secondary state roads from the main highway (25 kilometres). A state grid power transmission line passes within three kilometres of the property.Initial drilling on the property was carried out in 2015 and 2016. Highlights (previously announced in 2016) included RC drill hole LC 16-10 intersecting 77.62 g/t Au (uncut) over 12.2 meters; and 48.02 g/t (uncut) over 13.7 meters; RC drill hole LC 16-12 intersected 39.17 g/t Au (uncut) over 9.2 meters; among other significant results.The drill program confirmed the potential for the emplacement of significant gold mineralization on the project.Because of these significant drill results, the Company has now outlined an additional 20,000 feet of drilling. Drill access, drill road maintenance, and pad emplacement is presently underway, with the Notice Level Exploration Plan Surface Management Notice approved by the Bureau of Land Management (BLM). Drilling is scheduled to begin in June of this year.The Lapon project is located within the Walker Lane shear zone, a 100 kilometre wide structural corridor extending in a southeast direction from Reno, Nevada. Within this trend, numerous gold, silver, and copper mines are located, notably the historic Comstock Lode mines in Virginia City, the past producing Esmeralda/Aurora gold mine, with reported production of some one million ounces, as well as the Anaconda open pit copper mine in Yerington. Nevada Copper's new mine, Pumpkin Hollow, is also located within the Wasuk Range about 25 kilometres north of Lapon. The Lapon project is cut by a series of steeply dipping cross fault structures cutting across the Walker trend, analogous to other cross fault structures responsible for many gold and base metal deposits in the world. These faults are heavily sheared and altered (sericite, iron oxides) with abundant silica. They vary in width from 60 to 300 meters. Four of these structures have been discovered at Lapon, and at...