Nevada Canyon Gold Corp. announced it has signed, through its wholly owned subsidiary, Nevada Canyon, LLC, a binding Purchase Agreement to acquire a 2% net smelter returns royalty (?NSR?) on the Pikes Peak Project, located in Mineral County, Nevada.   Nevada Canyon will acquire a 2% NSR on the Project from Walker River Resources, LLC, a wholly owned subsidiary of Walker River Resources Corp.

Walker River owns a 100% undivided interest in the Project, consisting of 36 unpatented lode mining claims identified as the Pikes Peak claim groups situated in Mineral County, Nevada, within the northern portion of the Walker Lane gold trend.   The Project hosts significant historical mining activity (numerous shafts, adits, mill) in a copper gold environment at Pikes Peak. A regional sampling program by Walker River returned values of 9 g/t Au, and 2.2% Cu from outcrop.

Walker River completed an initial small RC drill program in 2022 at the Pikes Peak Project. The goal of this drilling was to acquire geological information to guide future exploration. Though there is no geological, drilling, or exploration data available, Walker River was able to make a significant discovery of gold mineralization.

  Current access to historical underground workings is presently unavailable due to minor cave-ins and loose material at the entrances (Portals). Walker River is currently opening and rehabilitating certain of these Portals, enabling access to the underground workings for geological purposes of determining rock types, structure, dip and delineation of such. This geological data compiled with the results from the initial 2022 RC drill program will greatly assist in determining geological parameters and developing mineralization targets for the next drill program here in 2024.

  The Project is easily accessible by secondary state roads from the main highway (15 miles), and is located approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of the Project. It is significant that until Walker River?s arrival, there are no reported modern-day drilling or exploration activities from Pikes Peak.

The Pikes Peak presents significant potential for gold-copper mineralization as proven by Walker River?s sampling, drilling, and the presence of significant past mining activities here. The property appears to exhibit the potential for porphyry type copper gold mineralization similar to other copper gold systems in North America   Nevada Canyon will acquire the 2.0-% NSR on the Lapon Canyon Project for total consideration of USD 150,000 cash.