Walker River drills 53.3 m of 3.05 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.
• Drilling confirmed and extended gold mineralization to the south and east of the Hotspot zone, with notable wide intercepts and the discovery of intrusive-related gold mineralization in monzonitic units, suggesting potential for a porphyry system.
• The company plans to complete an initial NI 43-101 compliant mineral resource estimate in 2026, with geophysical surveys planned to define future drill targets in deeper intrusive bodies.

Key Details

• Hole LC-25-163: 3.05 g/t Au over 53.3 m starting at 117.4 m, including 6.67 g/t Au over 18.3 m.
• Hole LC-25-162: 1.49 g/t Au over 47.2 m starting at 86.9 m, including 13.8 g/t Au over 1.5 m.
• Hole LC-25-159: 1.14 g/t Au over 45.7 m starting at 88.4 m.
• Hole LC-25-161: 1.05 g/t Au over 29.0 m starting at 111.3 m.
• Hole LC-25-164: 1.01 g/t Au over 54.8 m starting at 105.2 m.
• Hole LC-25-165: 1.03 g/t Au over 45.7 m starting at 79.3 m.
• Hole LC-25-157: 0.98 g/t Au over 19.8 m starting at 94.5 m (notable for being within granite).
• Geological Context: Recent drilling produced wider gold intercepts compared to previous narrower, higher-grade intervals. Gold in holes LC-25-158 through 165 is hosted within monzonitic units, suggesting a potential monzonite porphyry system-deposit type associated with large gold and copper-bearing systems in Nevada.
• Geochemistry: Elevated copper values identified in multielement geochemical sampling support the porphyry interpretation.
• Drill Program Focus: The 2025 program focused on exploration and resource definition at the existing Hotspot deposit, testing extensions along strike and down dip. Drilling expanded the footprint of gold mineralization to the south and east.
• Structural Interpretation: The gold system is predominantly subhorizontal to moderately south dipping, with evidence for steeply dipping, high-grade shoots within broader mineralized zones.
• Future Work: Geophysical surveys are being planned to define future drill targets within deeper intrusive bodies. An initial NI 43-101 compliant mineral resource is expected to be complete in 2026.
• Project Details: The Lapon Canyon portion (96 claims) is subject to a $5-million (U.S.) exploration stream earn-in agreement with Nevada Canyon Gold Corp. The project consists of 147 claims (2,940 acres) in the Wassuk Range, Nevada's Walker Lane shear zone.

Notable Quotes

• "We continue to be extremely encouraged by our drill results which are confirming the potential and significantly increasing the gold mineralization at Lapon Canyon. As evidenced by drill holes on the upper new roads at Hotspot, returning significant gold values. We're looking forward to additional results from Lapon Canyon and very excited with our ongoing interpretation of the gold mineralization at the project. The discovery of gold in Monzonite only increases our excitement for the potential at Lapon Canyon." — Michel David, President and CEO