Nevada Canyon Gold Corp. (OTCQX: NGLD) has released drill results from its 2026 reverse circulation program at the Lapon Canyon Gold Project in Nevada, highlighting multiple broad, high-grade gold intercepts. The headline result — 2.07 g/t Au over 47.25 metres in hole LC-26-175 — reinforces the continuity and thickness of gold mineralisation at the project. The results also push the anticipated initial NI 43-101 mineral resource estimate into the first half of 2027 due to assay laboratory delays and other factors. Investors in Walker River Resources Corp. (TSXV: WRR), which holds 100% of the project, may be watching closely given Nevada Canyon's active earn-in position.

Key Points

  • Nevada Canyon Gold Corp. (OTCQX: NGLD) / Walker River Resources Corp. (TSXV: WRR)
  • 2026 RC drilling at Lapon Canyon returned multiple significant gold intercepts, led by 2.07 g/t Au over 47.25 metres in hole LC-26-175
  • Initial NI 43-101 mineral resource estimate now expected in the first half of 2027; Nevada Canyon holds a $5M Exploration Earn-in Agreement for 50% of the project and a 3% NSR
  • Investors will be watching for further assay results and progress toward the mineral resource estimate

Strongest Intercepts from the 2026 Lapon Canyon Reverse Circulation Program

Among the seven reported holes, LC-26-179 returned 2.02 g/t Au over 48.77 metres from 24.38 metres, including a higher-grade sub-interval of 6.61 g/t Au over 7.62 metres. Hole LC-26-183 delivered 3.63 g/t Au over 12.19 metres, and LC-26-186 returned 1.29 g/t Au over 38.10 metres, including 2.62 g/t Au over 9.14 metres. The company notes that reported intervals are sampled lengths and that true widths have not yet been established, a standard disclosure for early-stage drilling programs. Drilling conditions caused several holes to be terminated or abandoned before reaching intended target depths.

Monzonite-Hosted Gold Opens Broader Intrusive System Interpretation at Lapon Canyon

The 2026 program intersected gold mineralisation hosted within intrusive rocks, including monzonite, in addition to the shallow iron oxide-altered horizon identified through historical drilling. The company states this raises the possibility of a broader intrusive-related gold system, potentially including a monzonite porphyry-style setting. Elevated copper values identified through multi-element geochemical sampling are cited as an additional exploration vector. The company cautions that further geological mapping, geochemical work, and drilling will be required to assess the nature, extent, and significance of the intrusive-hosted mineralisation.

Mineral Resource Estimate Pushed to First Half of 2027 Amid Lab Delays

Nevada Canyon's President and Director Lisa Doddridge acknowledged that the 2026 exploration program advanced more slowly than planned, citing drill rig availability, drilling conditions, and significant assay laboratory backlogs. As a result, the initial NI 43-101 mineral resource estimate has been deferred by approximately one quarter into the first half of 2027. Doddridge confirmed that drilling remains ongoing and that Nevada Canyon is fully funding activities as it continues to earn its 50% interest in year two of the three-year agreement. The scientific and technical content was reviewed and approved by independent Qualified Person Dave Nuttall, P.Geo.