Walker Announces Drill Results from the Lapon Gold Project

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VANCOUVER, British Columbia, Oct. 26, 2021 (GLOBE NEWSWIRE) -- 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.