Nevada Canyon acquired an 3% net smelter returns royalty (NSR) on the Lapon Canyon Project. Lapon Canyon hosts significant historical, high grade gold mining with approximately 2,000 feet of underground workings in three adits. Historical underground work returned numerous assay values in the one-ounce-per-ton range.
The Project’s owner Walker River Resources Corp has completed considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. Current drill programs at Lapon Canyon consist of definition and systematic drilling on section, for geological modeling and data compilation enabling an initial compliant mineral resource on the Project.
The Lapon Canyon Project consists of 96 unpatented lode mining claims situated in Mineral County, Nevada, within the northern portion of the Walker Lane gold trend,40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of the Project.