Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 30.0K
WRR On Other Exchanges
Symbol
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Venture
As of 10:25 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

walker river resources corp (WRR) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
09/11/13 - C$0.18
52 Week Low
01/7/14 - C$0.03
Market Cap
1.3M
Average Volume 10 Days
148.6K
EPS TTM
C$-0.07
Shares Outstanding
29.0M
EX-Date
--
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for WALKER RIVER RESOURCES CORP (WRR)

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walker river resources corp (WRR) Details

Walker River Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties. It holds interest in the Sleeper-Lapon Canyon Gold project that consists of 36 claims covering an area of 292 hectares located to the south of Yerington, Nevada. The company was formerly known as Rhino Exploration Inc. and changed its name to Walker River Resources Corp. in March 2013. Walker River Resources Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada.

Founded in 2010

walker river resources corp (WRR) Top Compensated Officers

Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: C$28.5K
Compensation as of Fiscal Year 2012.

walker river resources corp (WRR) Key Developments

Walker River Resources Corp. Auditor Raises 'Going Concern' Doubt

Walker River Resources Corp. filed its Annual on Mar 28, 2014 for the period ending Nov 30, 2013. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Walker River Resources Corp. Provides Update to its Sleeper-Lapon Canyon Gold Exploration Project

Walker River Resources Corp. provided an update to its Sleeper-Lapon Canyon gold exploration project. The past-producing historic Comstock Lode silver/gold mine is located within this trend, as is the past-producing Esmeralda/Aurora gold mine, with reported production of about 1.0 million ounces, located 30 kilometres southwest of the project. The new Nevada Copper gold-copper mine, is located some 30 kilometres north of the project also within the Wasuk Range. Initial geology and exploration work by Walker began in September under the supervision of Mr. Tom Evans MSc geology. Results show that the gold mineralization is located within steeply, dipping, sheared and altered cross fault structures crossing the Walker Lane Trend. In addition to the discovery of gold mineralization on site (0.398 ounces per ton; 12.8 grams per ton). During the course of its whole rock geochemistry study (used to define geological parameters such as rock types, alteration chacteristics, structure, and so on) 5 of 5 samples, taken in different areas across and within the shear zone returned significant anomalous values for Scandium. Four samples retuned values from 3.4 to 4.2 ppm, with one returning 1.5 ppm. Scandium is used in aluminum alloys for high performance materials and in the aerospace industry. The upper alteration structure, the site of the previous mining activities, has a width of some 100 meters. The strike length is presently unknown, but evidence suggests that the zones may continue within the Wasuk Range over significant lengths. The only previous exploration work was carried out in the early 1990's, by Teck and Huntington Resources and consisted of shallow surface trenching and shallow generally vertical drilling into the vertical shear zone. Lower grade gold mineralization (0.06 to 0.17 ounces per ton gold) was reported across the width of the alteration zone. The high grade gold mineralization appears to be associated with steeply dipping lenticular zones, lying within the alteration zones, in an en echelon boundinage type structure, analogous to other structurally controlled gold deposits. Finally the company have been able to discover three other alteration, shear structures on the project, with the same type characteristics. The original gold discovery dates to the early 1900's, when prospectors discovered placer gold at the outlet of the Lapon Creek, at the base of the Wasuk Mountain Range. Another apparent gold placer installation was located at the top of the mountain range at the headwaters of the Lapon Creek 1 km south of the old mine workings. This may represent another gold mineralization shear zone instead of an alluvial placer deposit. The results to date demonstrate the high grade gold potential of the project, the presence of copper mineralization, and the size and persistence of the shear structures. Previous underground mining of reported high grade gold mineralization combined with the lack of any significant exploration, in an area of Nevada known for the presence of large gold, silver and copper deposits; demonstrates the significant potential of the project for additional discoveries. The company's geologists have already located and mapped drill site locations, have mapped the original alteration zone in detail, have sampled high grade gold mineralization, and have discovered further alteration zone elsewhere on the project. The company is presently in the permitting and bonding stage for the planned early 2014 drill program.

Walker River Resources Corp. Provides Update from Sleeper Lapon Caynon Gold Project

Walker River Resources Corp. announced an update to its Sleeper-Lapon Canyon gold exploration project. The Sleeper-Lapon Canyon gold project consists of 36 claims (720 acres-292 hectares), situated about 60 kilometres south of Yerington, Nev., in the Wasuk Range easily accessible by secondary roads from the main highway (25 kilometres). A power transmission line passes within three kilometres of the property. The Sleeper-Lapon Canyon project is located within the Walker Lane shear zone, a 100-kilometre-wide structural corridor extending in a southeast direction from Reno. The past-producing historic Comstock Lode silver/gold mine is located within this trend, as is the past-producing Esmeralda/Aurora gold mine, with reported production of about 1.0 million ounces, located 30 kilometres southwest of the project. The new Nevada Copper gold-copper mine, is located some 30 kilometres north of the project also within the Wasuk Range. (Pumpkin Hollow, 981, 000 ounces gold, 34 million ounces silver, 5.4 billion pounds copper). A grab sample taken near the entrance to the old mine adit returned a value of 0.398 ounces per ton gold (12.8 grams) (treated at ALS/Chenex Labs), and consisted of altered and sheared rock containing quartz and sulphides. The company also discovered previously unreported copper mineralization, associated, not only with the gold mineralization in the shear zone, but also within pegmatite, possibly indicating porphyry type mineralization potential. The upper alteration structure, the site of the previous mining activities, has a width of some 100 meters. The strike length is presently unknown, but evidence suggests that the zones may continue within the Wasuk Range over significant lengths. The high grade gold mineralization appears to be associated with steeply dipping lenticular zones, lying within the alteration zones, in an en echelon boundinage type structure, analogous to other structurally controlled gold deposits (Carlin Trend, Cadillac Break in Quebec, Ontario). The results to date demonstrate the high grade gold potential of the project, the presence of copper mineralization, and the size and persistence of the shear structures.

 

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