WALKER RIVER ANNOUNCES SIGNIFICANT GOLD INTERCEPTS INCLUDING 21.8 G/T AU OVER 4.6 METERS AT THE LAPON CANYON GOLD PROJECT
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The October 14, 2025, news release announces additional assay results from the ongoing reverse circulation (RC) drill program at the Lapon Canyon portion of the Lapon Gold Project in Nevada. The results are from holes collared from a new upper drill road, designed to test extensions of the "Hotspot" deposit.
Key highlights include: * LC-25-156: 2.17 g/t Au over 86.9 meters, including a very high-grade intercept of 21.8 g/t Au over 4.6 meters. * LC-25-150: 3.35 g/t Au over 64.0 meters, including 8.01 g/t Au over 19.9 meters. This hole bottomed in mineralization (3.65 g/t Au over the final 4.6 meters). * LC-25-146: 2.02 g/t Au over 57.9 meters. * LC-25-154: 1.38 g/t Au over 68.6 meters.
The release notes that these results have significantly extended gold mineralization to the south and east. Critically, gold has now been confirmed in multiple host rock types (diorite, monzonite, granite), whereas it was previously thought to be almost exclusively in altered granite. The company also observed notable chalcopyrite (a copper sulphide), suggesting potential for copper mineralization.
This news is Material - Positive. The results are not just strong, they are a successful continuation of a pattern of wide, high-grade intercepts that have defined the Hotspot zone since late 2024.
- Progression and Consistency: The results build directly on previous announcements. The January 9, 2025, release (77.7m of 3.88 g/t Au) and the October 6, 2025, release (45.7m of 2.35 g/t Au) set a high bar, and this news successfully meets that standard. The consistency of long, multi-gram intercepts demonstrates the robust nature of the mineralized system.
- Exceeding Expectations: While strong results were expected, the high-grade intercept of 21.8 g/t over 4.6m is an excellent kicker that confirms the presence of high-grade shoots within the broader mineralized envelope. The most significant development is the successful extension of mineralization to the south and east from a new drill setup, and the identification of gold in multiple rock types. This materially expands the exploration model and the potential size of the deposit. The mention of copper, while preliminary, adds a potential new dimension to the project that was not previously part of the investment thesis.
- De-risking: Each successful step-out hole like these de-risks the project and increases the probability of defining a significant maiden resource, which is the company's stated near-term goal. These results add ounces in the ground and increase confidence in the geological model. The fact that hole LC-25-150 ended in mineralization is a classic sign of a strong, open system that requires further drilling at depth.
In summary, the news confirms the grade and scale potential of the Hotspot zone, expands the known footprint, and opens up new exploration targets. This is a substantive update that should be well-received by the market.
Walker River Resources Corp. is a Canadian-based junior mineral exploration company focused on its 100%-owned Lapon Gold Project, located in the prolific Walker Lane gold trend in Nevada. The project consists of 147 claims and includes the Lapon Canyon, Pikes Peak, Rattlesnake, and Range Front claim blocks. Lapon Canyon has a history of high-grade underground gold mining. The company's current focus is the systematic exploration and definition drilling of the "Hotspot" zone, a blind, near-surface, high-grade discovery made in 2021, with the goal of establishing an initial NI 43-101 compliant mineral resource.