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Walker Lane Resources Ltd
Symbol WLR
Shares Issued 19,557,544
Close 2025-09-02 C$ 0.13
Market Cap C$ 2,542,481
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Walker Lane Resources begins drilling at Silverknife

2025-09-03 15:57 ET - News Release

Mr. Kevin Brewer reports

WALKER LANE RESOURCES LTD. ANNOUNCES THE COMMENCEMENT OF DRILLING BY COEUR SILVERTIP HOLDINGS ON ITS SILVERKNIFE PROPERTY, BRITISH COLUMBIA

Walker Lane Resources Ltd. has commenced a drill campaign on its Silverknife property that is fully financed by Coeur Silvertip Holdings Ltd., a subsidiary of Coeur Mining Inc., pursuant to the terms of an option agreement where Coeur can earn an initial 75-per-cent interest that can be increased to a 100-per-cent stake in the property. The proposed drill program comprises five holes with total metreage of approximately 1,200 metres at three sites. Additional work by Coeur will be focused on completing groundwork for future permitting of the Tootsee River North zone and the other prospective zone for advanced exploration and possible drilling in 2026 and beyond.

"We are very pleased to have the Coeur team executing and funding exploration as they have a huge amount of expertise in CRD systems. We believe it is a significant advantage to our shareholders to have their team executing and funding exploration at Silverknife," stated Kevin Brewer, PGeo, president and chief executive officer of Walker Lane. "We identified the large areas of exploration potential at Silverknife and Coeur started in 2024 to utilize that data and integrate it into their own data to establish a minerals systems approach. This preliminary program will further the understanding of these potentially large CRD [carbonate replacement deposit] systems in the Silvertip region. We see this as the first major step to uncovering the significant potential of the Silverknife prospect. A project like this with such large areas to explore requires a multiyear exploration commitment. Considering the large area under investigation with this limited program, if mineralization is intersected, it could be a game changer."

The drill program is a preliminary examination testing the possible western extent of the prospective geology and mineralization of the Silverknife prospect in the Silverknife Central zone. The program is designed to:

  • Test the downdip extension of the Silverknife prospect, including testing for new parallel ore zones to the existing two stacked ore zones;
  • An initial examination of the structural complexity of the Silverknife Central Zone and possible contact relationships between the Rosella limestone formation (a highly prospective target for CRD mineralization) with the granodioritic Cassiar intrusive;
  • Conduct an initial test of coincident gravity and magnetic anomalies that are quite large and are associated with crosscutting fault structures suggesting an ideal setting for CRD and skarn mineralization;
  • Understand the geology of the metasediments in the deeper part of the Silvertip sedimentary package.

The Silverknife property is located in north-central British Columbia and is located immediately west of Coeur's Silvertip mine, one of the highest-grade CRD silver-lead-zinc-critical mineral projects in the world. The property shows considerable promise to host a CRD deposit. It already hosts the Silverknife prospect, which extends westward from the Silvertip property into the Silverknife property. The company has also issued several information releases pertaining to the identification of three other areas of exploration prospectivity within the Silverknife property.

We seek Safe Harbor.

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