Walker River drills 85 m of 3.97 g/t Au at Lapon

Executive Summary

• Walker River Resources Corp. released significant gold intercepts from its 2025 reverse circulation (RC) drill program at the Lapon Canyon portion of the Lapon gold project in Nevada.
• The drilling confirmed and extended gold mineralization to the south and east of the Hotspot zone, with the most significant intercept being 3.97 g/t Au over 85 metres.
• A key geological discovery is the identification of gold mineralization within intrusive emplacement (monzonitic units), suggesting a potential porphyry system and expanding the project's exploration potential beyond historical shallow, iron oxide-altered horizons.

Key Details

• Drill Hole LC-25-170: Returned 3.79 g/t Au over 85.34 metres starting at 143.26 metres. This includes high-grade intervals of 16.49 g/t Au over 6.10 metres and 10.24 g/t Au over 6.09 metres.
• Drill Hole LC-25-168: Returned 1.33 g/t Au over 57.91 metres starting at 124.97 metres, including 2.06 g/t Au over 28.95 metres starting at 143.26 metres.
• Drill Hole LC-25-169: Returned 1.64 g/t Au over 44.20 metres starting at 129.54 metres.
• Drill Hole LC-25-171: Returned 1.92 g/t Au over 4.57 metres starting at 74.68 metres and 1.05 g/t Au over 36.58 metres starting at 175.26 metres.
• Geological Significance: Gold was discovered within dioritic and monzonitic intrusive units, a style not previously recognized at Lapon. Elevated copper values in geochemical sampling support the interpretation of a possible monzonite porphyry system.
• Drilling Strategy: Drilling was conducted systematically from upper new drill roads east of Hotspot, with pads spaced 30 to 60 metres apart. The geometry is predominantly subhorizontal to moderately south dipping, with evidence of steeply dipping, higher-grade shoots.
• Future Work: Data compilation and resource modelling are ongoing. An initial NI 43-101 compliant mineral resource is expected to be completed in 2026. Future drilling in 2026 will focus on infill and exploration to define feeder zones and deeper intrusive bodies, supported by detailed geophysical surveys.
• Project Context: The Lapon Canyon portion consists of 96 claims subject to a $5-million (U.S.) exploration stream earn-in agreement with Nevada Canyon Gold Corp. The broader project includes 147 unpatented mining claims (~2,940 acres) in the Wassuk Range.

Notable Quotes

• "We continue to receive significant gold values over impressive thicknesses. The discovery of gold within dioritic and monzonitic units increases our excitement at Lapon, as it opens up new potential at the project for intrusive-hosted gold mineralization. The discovery of definable high grades feeder zones at depth only serves to increase our excitement." — Michel David, President and CEO