Walker Begins Drill Program At The Lapon Canyon Gold Project

Walker River Resources Corp. has commenced its 2026 reverse circulation drilling program at the Lapon Canyon Gold Project in Nevada, marking a significant step forward in the development of this promising gold asset. The 10,000-metre program is strategically designed to advance both resource expansion and exploration objectives through infill and step-out drilling, with particular focus on testing deeper intrusive-related targets including monzonitic and porphyritic intrusive phases identified during the company's successful 2025 drill campaign.

The exploration strategy represents a fundamental shift in the project's geological understanding. Historically, gold mineralization at Lapon Canyon was thought to be confined to shallow, iron oxide-altered horizons. However, the 2025 drilling program revealed intrusion-related gold mineralization associated with monzonitic intrusive rocks, significantly expanding the exploration model and highlighting potential for previously unrecognized mineralized source zones at depth. This discovery of monzonite-hosted mineralization suggests the presence of a broader intrusive-related mineralizing system, a style commonly associated with significant gold deposits throughout Nevada.

The program is being enhanced by recently completed airborne magnetic and radiometric surveys covering the entire property. Preliminary observations from this geophysical data indicate several features spatially associated with known gold mineralization zones and previous positive drill results. The interpretation of this dataset is expected to refine drill targeting and evaluate potential for additional mineralized systems at depth, providing valuable guidance for the ongoing exploration campaign.

Looking ahead, Walker River plans to complete an initial NI 43-101 compliant mineral resource estimate for the project in 2026, based on results from both the previous and current drill programs. The company's Lapon Canyon Gold Project spans 2,940 acres within Nevada's prolific Walker Lane structural corridor, with the main Lapon Canyon portion subject to a $5 million exploration stream earn-in agreement with Nevada Canyon Gold Corp. The broader project area includes multiple claim groups covering approximately 8 kilometres of prospective range-front structural trends, representing extensions of the mineralized system and defining several additional exploration targets for future development.