Nevada Canyon has an Exploration Stream Earn-in Agreement to earn and purchase up to a 50% interest in 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. Future Exploration programs will include extensive exploration and definition drilling, initial and subsequent compliant mineral resource estimates, and completion of a Preliminary Economic Assessment (“PEA”) during the Earn-In Period. Nevada Canyon, through its exploration project accelerator, will act as operator for the duration of the Earn-in Period, with Walker River providing its exploration expertise and guidance.
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.
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