CARSON CITY, NV--(Marketwired - Jun 2, 2015) - Walker Lane Exploration, Inc. (OTC PINK: WKLN) (formerly, Goldspan Resources, Inc.) is pleased to announce that surface geochemical sampling from its wholly owned Pyramid Property has returned significant gold and silver values from its Pyramid 1-10 claims in the historic Pyramid Mining District, Nevada. Twelve surface rock samples were collected from the northeast portion of the claimblock and were found to contain from 0.068 to 2.46 ppm gold (0.0002 to 0.072 ounce per ton Au) and 2.8 to 163.0 ppm silver (0.08 to 4.8 ounce per ton Ag) as reported by ALS-Chemex Labs of Reno, Nevada. The twelve widely-spaced samples were from outcrops and historic prospects and confirm past sampling efforts. The results also indicate a new pediment target with samples at the margin of the pediment gravels running up to 2.46 ppm gold and 163.0 ppm silver. These higher grade samples were from previously un-sampled prospects bordering the northeast pediment.
To view a map showing the twelve samples and their results, go to: http://walkerlaneexploration.com/wp-content/uploads/2015/06/WKLN-Pyramid-12-Sample-Map.jpg
"The results represent a confirmation of past sampling efforts and indicate a possible new pediment target of at least 3,000 feet of strike length," stated Steve Jones, President and CEO of WKLN. The prospects at the margin of pediment host quartz-sericite alteration of oxidized Tertiary Hartford Hill rhyolite tuff. Mineralization is thought related to narrow quartz veinletts within the oxidized and altered tuff.
Future plans call for additional sampling along known mineralized structures and within the new pediment target. Sampling will be carried out within the next month.
About Walker Lane Exploration, Inc.
The Corporation is an early-stage gold and silver exploration company primarily exploring for precious metals within the Walker Lane region of Nevada where the Corporation presently owns three properties; Pyramid, which is located in Washoe County, Nevada, consisting of 10 lode claims leased from the Bureau of Land Management (BLM). West Trinity, which is located in Churchill County, Nevada consisting of 24 lode claims leased from the BLM. And, Paradise, which is located in Nye County, Nevada, consisting of 9 lode claims leased from the BLM. The Corporation's focus is to identify mineral areas within the Walker Lane region that are open to staking and claiming, or to acquire properties management deems viable for exploration. Once a property has been secured, management conducts an assessment of the prospect for exploration, which can include sampling, trenching and drilling in order to develop the prospect for leasing, sale or joint venture with other mining companies. Further information can be found on Walker Lane's website at: www.walkerlaneexploration.com
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.