Walker River Resources (WRR-V) Aug 4th 2016 has begun the drill exploration program on the Lapon Canyon gold project, located approximately 60 kilometres southeast of Yerington, Nev.
The Lapon project consists of 36 claims (720 acres) situated in the Wassuk Range, easily accessible by secondary state roads from the main highway (25 kilometres). A state grid power transmission line passes within three kilometres of the property.
The Lapon project is located within the Walker Lane shear zone, a 100-kilometre-wide structural corridor extending in a southeast direction from Reno, Nev. Within this trend, numerous gold, silver and copper mines are located, notably the historical Comstock Lode mines in Virginia City, the past-producing Esmeralda/Aurora gold mine, with reported production of about one million ounces, as well as the Anaconda open-pit copper mine in Yerington. Nevada Copper's new mine, Pumpkin Hollow, is also located within the Wasuk Range, about 25 kilometres north of Lapon.
The Lapon project is cut by a series of steeply dipping cross-fault structures cutting across the Walker trend, analogous to other cross-fault structures responsible for many gold and base metal deposits in the world. These faults are heavily sheared and altered (sericite, iron oxides) with abundant silica. They vary in width from 60 to 300 metres. Four of these structures have been discovered at Lapon, and at least two can be traced for over four kilometers. Gold mineralization is located within en echelon structures within these faults. At least one of these shear zones, the Lapon Rose zone, was the site of underground development, and shows a minimum strike length of four kilometres, has a width of over 60 metres and has a vertical extent of at least 650 metres.
The 2016 exploration program is a continuation of the initial drilling program that began in December, 2015, which was designed to explore the upper portion of the Lapon Rose zone. Previous results included 8.41 grams per tonne gold over 12.2 metres in hole 1 that included 292 grams per tonne over 1.5 metres.
The initial drill results confirm the potential for the emplacement of significant gold mineralization on the project.
Walker River and its partner Nevada Canyon Gold Corp. intend to pursue an aggressive drill program on this well-located, highly prospective gold project. About 6,000 metres of planned drilling has been outlined.
Small-scale high-grade mining began on the project in 1914. Approximately 600 metres of drifts and raises were developed from two adits and a two-stamp mill was built. Further limited underground work was carried out, returning numerous assay values in the range of one ounce per tonne, with a sample at the end of an adit returning 20.6 ounces per tonne.
Walker River Resources Corp.
819 874-0030
819 825-1199
info@wrrgold.com
www.wrrgold.com |
