Walker Lane Resources begins drilling at Silverknife

Executive Summary

• Walker Lane Resources Ltd. has begun a fully‑financed drill campaign on the Silverknife property in British Columbia, funded by Coeur Silvertip Holdings under an option agreement that could give Coeur up to 100 % ownership.
• The program consists of five holes totaling ~1,200 m across three sites, targeting downdip extensions, structural complexity, and gravity/magnetic anomalies associated with carbonate‑replacement‑deposit (CRD) systems.
• Successful intersections could represent a “game changer” for the Silverknife prospect and enhance shareholder value.

Key Details

• Financing & Ownership: Drilling is fully funded by Coeur Silvertip Holdings Ltd., a subsidiary of Coeur Mining Inc.; Coeur holds an option to earn an initial 75 % interest, potentially increasing to 100 % upon meeting agreed milestones.
• Drill Program Scope: Five drill holes; total planned depth ≈1,200 m; three separate target zones within the Silverknife Central zone.
• Exploration Objectives:
• Test downdip extension of existing stacked ore zones and identify new parallel ore bodies.
• Evaluate structural complexity and contact relationships between the Rosella limestone (CRD‑prospective) and the granodioritic Cassiar intrusive.
• Investigate large gravity and magnetic anomalies linked to fault structures that may host CRD or skarn mineralization.
• Characterize deeper metasedimentary units of the Silvertip sedimentary package.
• Future Work: Coeur will also conduct groundwork for permitting the Tootsee River North zone and another prospective zone, with potential drilling slated for 2026 and beyond.
• Location Context: Silverknife property lies immediately west of Coeur’s operating Silvertip mine, a world‑class high‑grade CRD silver‑lead‑zinc project.

Notable Quotes

“We are very pleased to have the Coeur team executing and funding exploration as they have a huge amount of expertise in CRD systems… If mineralization is intersected, it could be a game changer.” – Kevin Brewer, President & CEO, Walker Lane Resources Ltd.