Walker River Resources Corp (WRR) News
TSXV: WRR · Gold · Exploration stage
- Market cap$17.9M
- Share price$0.285
- 52-week range$0.195 – $0.620
- Shares outstanding62,782,862
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Walker River Resources Corp. (TSXV: WRR) (' Walker ' or the ' Company ') is pleased to announce the commencement of its 2026 reverse circulation ('RC') drill program at the Lapon Canyon Gold Project, located within Nevada's prolific Walker Lane Gold Trend, approximately 60 kilometres southeast of Yerington, Nevada. The 2026 drill program is designed to advance both resource expansion and exploration objectives through a combination of infill and step-out drilling. A primary focus of the campaign will be testing deeper intrusive-related targets, including prospective monzonitic and porphyritic intrusive phases and associated gold-bearing feeder structures identified during the Company's 2025 drill program. An initial 10,000 metres of RC drilling is planned, with the potential to expand the program, subject to drilling progress, permitting, and access conditions. As previously announced on May 27, 2026, the Company recently completed a property-wide airborne magnetic and radiometric survey covering the Lapon Canyon Project. Interpretation of the geophysical dataset is ongoing and is expected to enhance the Company's understanding of the Project's geological and structural framework. The results may assist in refining drill targeting and evaluating the potential for additional mineralized systems at depth. Preliminary observations indicate several geophysical features spatially associated with known zones of gold mineralization and previous positive drill results. Historically, gold mineralization at Lapon Canyon was interpreted to be largely confined to a broad, shallow, iron oxide-altered horizon. Results from the 2025 drilling program, however, identified intrusion-related gold mineralization associated with monzonitic intrusive rocks, significantly expanding the Project's exploration model and highlighting the potential for previously unrecognized mineralized source zones at depth. The recognition of monzonite-hosted gold mineralization may indicate the presence of a broader intrusive-related mineralizing system, a style of mineralization commonly associated with significant gold deposits in Nevada. This interpretation is further supported by elevated copper values observed in multi-element geochemical analyses and by the identification of interpreted structural controls that may represent mineralized feeder zones, including those associated with higher-grade intervals intersected in drill hole LC-25-170. The Company looks forward to providing updates as drilling progresses and as interpretation of the recently completed geophysical survey advances. Michel David, Walker River's President & CEO states : 'We are very excited to start this year's drill campaign at Lapon, after the outstanding drill results from our 2025 drilling, now along with results from the recently completed geophysical survey.' Other on-going work at Lapon Canyon consists of data compilation, resource modelling, a follow up geological mapping and sampling program, in conjunction with the recent geophysical survey's identified targets. Results from the previous and 2026 drill programs, including the subsequent data compilation will be the basis for the completion of an initial NI 43-101 compliant mineral resource on the Project which is expected to be completed in 2026. In addition, using the above exploration work to identify future drill targets in the deeper-seated intrusive bodies and new resource expansion in the relatively unexplored areas of the Property.
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