Walker Lane Resources (TSXV:WLR) is executing an exploration strategy focused on advancing high-impact projects across premier North American mining jurisdictions. The company’s portfolio spans the prolific Walker Lane Gold Trend in Nevada, as well as key exploration assets in British Columbia, the Yukon, and Newfoundland.
Near-term efforts are centered on two high-priority, drill-ready targets — Tule Canyon in Nevada and Amy in British Columbia — supported by the continued advancement of Silver Hart, Walker Lane’s flagship silver-lead-zinc asset in the Yukon, toward a development decision. All projects are accessible by road, enabling cost-effective exploration and streamlined logistics.
With a lean capital structure, high-grade and scalable assets, and a clear path from discovery through to early-stage development, Walker Lane is well-positioned to unlock significant value and deliver strong returns for shareholders. The company represents a compelling growth opportunity in the junior mining sector.
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In a market hungry for discovery stories and premium-grade assets, WLR stands out for its strategic discipline, operational tempo, and potential to generate significant value from early-stage exploration success.
Walker Lane Resources (TSXV:WLR), formerly known as CMC Metals, is a North American exploration company strategically focused on discovering and monetizing high-grade, scalable gold, silver and polymetallic deposits. With a recently consolidated and tightly held capital structure, the company is designed for efficiency, leverage to discovery, and maximized investor value.
Walker Lane Resources holds a diversified and complementary portfolio of early-stage to early- advanced stage exploration projects across two of the most prolific mining regions in North America: the Walker Lane Trend in Nevada, USA, and the mineral-rich terrains of British Columbia and the Yukon. By aligning its exploration schedule with seasonal conditions—working in Nevada during the fall, winter, and spring, and in northern Canada during the summer—WLR can maintain continuous, year-round exploration and news flow.
At the core of WLR's strategy is a disciplined vision: to uncover high-value mineral assets and position them for monetization or strategic acquisition, rather than long-term development. The company has very low operating costs, is committed to maximizing “dollars into the ground, and is led by a highly experienced team of geologists, mining specialists, and capital markets veterans, all aligned with this exploration-first philosophy.
The company operates with a clear strategic vision: build a pipeline of advanced-stage, high-grade exploration assets that generate consistent, year-round news flow while minimizing dilution and maximizing shareholder value.
Recently the Company has sold its gold processing facility in Bishop, CA. and optioned its Silverknife Property in British Columbia to major miner Coeur Mining Inc. in a deal worth over $6M for a 75 percent earn-in with potential to earn another $3 million for the remaining 25 percent. It is also examining small scale open pit mining using sorting technologies at its Silver Hart Property in Yukon to generate revenue streams in the medium term. These recent activities demonstrate that they are not your standard exploration company and clearly seek opportunities to maximize shareholder value. Walker Lane Resources is positioned for value growth in the short term.
Walker Lane Resources’ vision is to become a leading exploration company recognized for generating high-quality discoveries in top-tier jurisdictions. By focusing on projects with historical high-grade mineralization, underexplored potential, and favorable geological settings, the company seeks to create value through the drill bit and position its assets for acquisition or joint venture.
WLR’s strategy avoids costly development pipelines and instead leans into its core strengths: geoscience excellence, operational agility, capital discipline, and leveraging its advisory network for project advancement and strategic exposure.
Former Dark Secret Mine - Tule Canyon Property
Walker Lane Resources operates seven key projects:
These assets represent a mix of CRD-style and epithermal systems, each with historic mineralization, multiple mineralized zones, and district-scale exploration upside. Combined, they provide year-round operational capacity and a steady flow of exploration results.
Located in the heart of Nevada’s Walker Lane Trend—one of the hottest exploration corridors in the United States—Tule Canyon is a high-potential gold-silver mesothermal or orogenic target. The area contains extensive old workings, two former mines (Eastside and Dark Secret) developed to shallow depths, numerous high-grade surface samples in five identified zones, and has seen no modern drilling.
Highlights:
Tule Canyon exemplifies Walker Lane Resources' focus on high-grade opportunities in Tier 1 jurisdictions. The project’s location offers good infrastructure, year-round exploration potential, proximity to major producing mines and toll mills, and a supportive permitting regime
Former Eastside Mine – Tule Canyon Property
The Amy project is a silver-lead-zinc carbonate replacement deposit (CRD) system in northern BC, in the same mineral district and in close proximity to Coeur Mining’s Silvertip Mine – one of the world’s highest-grade underground silver-lead-zinc-critical mineral deposits.
Historical drilling, two adits, and extensive surface work has identified high-grade silver-lead-zinc-antimony mineralization over a projected strike length of 2.7 kilometers in over 20 known veins at the Amy Prospect. Additional areas of prospectivity are also yet to be explored with modern exploration methods. The property geology is highly prospective for a high grade CRD discovery(ies).
Highlights:
* Note these historic results have not been verified by Walker Lane Resources Ltd. or its Qualified Person and therefore should not be relied upon
Adit at 4200 level – Amy Prospect
Samples from Amy
Amy is not just a satellite play—it’s a serious contender in a prolific CRD belt. Its potential for discovery and monetization is amplified by its strategic location, very high-grade potential, road accessibility, and growing interest from major miner Coeur Mining Inc. who are a potential ready buyer as they have negotiated a right of first refusal for the property with Walker Lane Resources.
Cambridge is a historically mined, mesothermal high-grade gold project that features visible, museum-class gold mineralization. The gold mineralization occurs in veins within shears and is associated with copper, lead, antimony and other sulfides. The project is underexplored, despite extensive old workings and documented historic production.
Highlights:
Cambridge offers compelling blue-sky potential. It reinforces WLR’s Nevada strategy and is a prime candidate for detailed mapping, trenching, old mine dump recoveries, and is a near term candidate for possible future drilling.
Former Cambridge Mine and gold samples, Walker Lane Gold Trend, Nevada
Silver Mountain comprises of two claim areas close to Tule Canyon, that contain vein-hosted high-grade mesothermal to deep epithermal silver targets. The property has been subjected to historical small-scale mining and chip samples have produced 0.6 meters of 1,415 g/t silver and 0.48 percent copper.
Silver Hart features high-grade surface CRD-style mineralization in the northern part of the Rancheria Silver District that is host to the Silvertip Mine Deposit. Plans are to evaluate known open-pittable deposits for small scale seasonal mining utilizing ore sorting technologies to transport upgraded ore concentrates to a mill for processing.
Logjam Project, south-central Yukon.
Located immediately adjacent to the Silvertip Mine, Silverknife is a high-grade silver-lead-zinc target with known mineralization and geophysical anomalies. The property has been optioned to Coeur Mining Inc. who are the operator of the property and who are required to incur approximately $6 million in expenditures and payments by 2027to earn a 75 percent interest in the property and additional expenditures and/or payments up to $3 million to earn the remaining 25 percent interest. Walker Lane Resources retains a net smelter royalty right of 1 percent on the property.
These projects complement the company’s flagship assets and round out its capacity to explore throughout the year.
One of Walker Lane Resources’ key advantages is its ability to maintain year-round exploration. By operating in Nevada during the fall, winter, and spring, and shifting to BC and Yukon during the summer, the company maximizes news flow, maintains operational momentum, and improves capital efficiency.
This continuous cycle of exploration activity supports investor engagement and facilitates data-driven decision-making across the portfolio.
Silver Bowl Adit – Silver Mountain Property
Walker Lane Resources is led by a deeply experienced team whose backgrounds are directly aligned with the company’s exploration-focused mandate.
Kevin Brewer is a veteran geologist and mining executive with over 25 years of experience in mineral exploration, project development, and corporate leadership. He holds multiple degrees in geology and business and has led exploration and evaluation programs for gold, silver, base metals, and critical minerals across North America. Kevin is known for his deep technical expertise, strategic capital management, and his experience in advancing exploration projects from the grassroots stage through to preliminary feasibility assessment. He is a “hands-on” leader and the driving force behind Walker Lane’s vision for focused, cost-effective exploration and disciplined project development.
John Land’s career in the resource sector has spanned more than 30 years. He has led numerous resource companies, specializing in business development, corporate strategy and finance. His recent activities include being the founder of Flamingo Drilling and managing a family trust.
Douglas Coleman ispresident and founder of Mexico Mining Center and Discoveries Conference and a geologist for 40 years with considerable experience with exploration management and mineral deposits in Mexico and southern United States. Previously operated a mineral consultancy firm with drilling and logistical services and has worked with numerous exploration companies.
Jose Manuel Delgado Canedo is a lawyer and chartered accountant specializing in providing services to the mining sector in Mexico.
Cesar Symonds has a Bachelors in Geology from the Universidad de Sonora. He has 15 years of experience with a variety of mineral exploration and mining companies including Compania Minera Condor, First Majestic Silver, Sonoro Metals, and CMC Metals. Symonds is a specialist in epithermal, porphyry and carbonate replacement deposits.
Debra Olafson has over 30 years of paralegal experience and assisting mining companies deal with regulatory and corporate filings, and transactions.
This integrated technical-financial team model enables the company to move quickly from concept to drill with strong oversight, minimal overhead, and a laser focus on discovery.
Advancing high-grade gold and silver assets in prolific Nevada and British Columbia
North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce a resource estimate ( non-NI 43-101 ) for the Bullion Alley Zone at the Company's Fran Gold Project. The preliminary resource estimate was completed by the Company using Leapfrog Geo + Edge 3D modelling software and diamond drilling data from 2001, 2005, 2006, 2012, and 2018 totaling 18,000 meters (55,000 feet) in 104 holes utilizing block model, with no cut-off:
Diagram 1. Fran Gold Block Model (Smooth)
| Bullion Alley - Main Zone | |||
| Mass (tonnes) | Average (g/t) | Total (grams) | Total (tr. ounces) |
| 20,035,146 | 0.50 | 10,051,730 | 323,170 |
| Bullion Alley - Main Zone + East Extension | |||
| Mass (tonnes) | Average (g/t) | Total (grams) | Total (tr. ounces) |
| 43,797,234 | 0.34 | 14,743,070 | 474,001 |
Diagram 2. Fran Gold Au >0.1 g/t cutoff
Recent data compilation has resulted in identification of the following significant drill intercepts.
| Hole ID | From (m) | To (m) | Width (m) | Grade g/t |
| 2001-01 | 46.0 | 234.0 | 188.0 | 0.1 |
| incl. | 102.8 | 127.1 | 24.3 | 0.5 |
| incl. | 220.0 | 234.0 | 14.0 | 0.6 |
| 2001-02 | 39.0 | 214.5 | 175.5 | 0.3 |
| incl. | 44.0 | 91.0 | 47.0 | 0.7 |
| incl. | 179.0 | 214.5 | 35.5 | 0.6 |
| 2001-04 | 66.0 | 180.0 | 114.0 | 0.1 |
| incl. | 75.0 | 95.5 | 20.5 | 0.3 |
| 2001-05 | 76.6 | 129.2 | 52.6 | 0.4 |
| 2001-06 | 19.8 | 74.0 | 54.2 | 0.3 |
| 2001-12 | 52.8 | 154.0 | 101.3 | 0.3 |
| 2002-26 | 40.7 | 82.0 | 41.3 | 1.2 |
| 2002-27 | 44.7 | 172.0 | 127.4 | 0.5 |
| 2002-31 | 167.1 | 185.3 | 18.3 | 0.5 |
| 2002-33 | 39.2 | 186.0 | 146.8 | 0.1 |
| incl. | 53.7 | 80.6 | 26.9 | 0.3 |
| 2002-34 | 16.7 | 195.5 | 178.9 | 0.2 |
| incl. | 154.5 | 195.5 | 41.0 | 0.7 |
| 2002-36 | 88.0 | 235.1 | 147.1 | 0.4 |
| 2002-37 | 118.0 | 229.6 | 111.6 | 0.1 |
| incl. | 118.0 | 133.8 | 15.9 | 0.5 |
| 2006-43 | 153.0 | 193.2 | 40.2 | 0.7 |
| 2006-47 | 35.1 | 81.6 | 46.5 | 1.3 |
| 2006-49 | 104.1 | 119.3 | 15.1 | 2.7 |
| 2006-50A | 44.3 | 118.1 | 73.8 | 0.7 |
| 2006-51 | 66.1 | 85.4 | 19.3 | 0.7 |
| 2006-53 | 79.8 | 92.9 | 13.1 | 1.6 |
| 2006-55 | 27.9 | 100.5 | 72.5 | 1.8 |
| 2006-56 | 90.5 | 116.5 | 26.1 | 1.2 |
| 2006-58 | 61.4 | 157.4 | 96.0 | 0.3 |
| 2006-59 | 21.8 | 74.1 | 52.3 | 0.6 |
| 2006-60 | 90.5 | 131.5 | 41.0 | 0.7 |
| 2006-61 | 9.1 | 58.8 | 49.6 | 0.6 |
| 2006-62 | 79.9 | 150.3 | 70.5 | 0.5 |
| 2007-66 | 72.5 | 102.0 | 29.5 | 0.3 |
| 2007-68 | 127.1 | 147.1 | 20.0 | 0.8 |
| 2007-69 | 171.3 | 197.8 | 26.6 | 0.5 |
| 2007-70 | 131.1 | 246.0 | 114.9 | 0.7 |
| 2007-71 | 32.9 | 116.9 | 84.0 | 0.9 |
| 2007-72 | 78.9 | 106.9 | 28.0 | 0.3 |
| 2007-73 | 180.6 | 194.2 | 13.6 | 0.4 |
| 2007-74 | 111.9 | 269.8 | 157.9 | 0.6 |
| incl. | 111.9 | 188.0 | 76.1 | 1.1 |
| 2007-75 | 49.0 | 124.5 | 75.5 | 0.8 |
| 2007-76 | 133.2 | 169.8 | 36.6 | 0.9 |
| 2018-91 | 249.4 | 296.0 | 46.6 | 0.4 |
| 2018-94 | 222.0 | 339.2 | 117.2 | 0.6 |
| 2018-95 | 202.7 | 309.0 | 106.3 | 1.0 |
| 2018-96 | 134.7 | 284.0 | 149.3 | 0.9 |
| 2018-103 | 105.7 | 178.6 | 72.9 | 1.4 |
* Non-weighted interval length has been used to determine avg. grade
The company continues to compile data in preparation for a NI 43-101 Compliant Mineral Resource Estimate . In particular, the addition of surface trenching data and sampling data for areas that have not been drill tested between the Main and East Zones as well as to the East and North-east where a significant gold in soil anomaly exists and may add to the data set. The deposit remains open in these directions as well as to the South where a parallel vein system exists and most significantly, throughout the main zone, at depth.
Fran Gold Project
The Fran Gold Project is next to Centerra Gold's Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and 0.2% copper and proximate to Artemis Gold's Blackwater Mine, with Proven and Probable Reserves of 334Mt grading 0.8 grams per tonne gold. Both Mt. Milligan and the Blackwater Mine are two of the largest new mines in North America in the modern era. The Blackwater Mine has a Measured and Indicated Resource in excess of 10M ounces of gold.
Historical exploration and development planning at Fran focused on delineation of mid-high grade veins with an eye to underground mining of these veins. Very limited focus was placed on bulk tonnage and disseminated gold, although discussed in reports from 2006, no follow-up appears to have occurred. North Bay's recent ongoing focus has been the development of mid-high grade surface material as feedstock for its Bishop Gold Mill. This in turn has led to a re-evaluation of the project potential resulting in what is currently a dual focus with high grade surface material going to the Company's mill and further evaluation of the larger potential of the mass tonnage gold deposit. Data indicates substantial expansion potential at depth beyond 300m (984 feet) and extensions of the disseminated gold zones to the East and North-East where copper grades begin to rise. Drilling was stopped in these directions due to the loss of the mid-high grade veins that were the focus of historical exploration and these areas remain largely unexplored.
In addition to the bulk gold deposit, the Company continues to develop the project as mid-high grade feedstock for its 100 ton per day Bishop, California gold mill utilizing existing stockpiles and development of the surface oxide zone where trenching has shown consistent grade of 16 grams (0.5 ounces per ton) over 30m (110 feet) in trenches B+C.
Corporate Update
The Company has settled a demand loan totalling $361,951, and has now converted $350,000 of that debt into a 2 year secured debenture at 10% and issued warrant coverage on a dollar for dollar basis at an exercise price of $0.0007 totalling 500,000,000 warrants with a term of 3 years. Any shares issued (as a result of warrant exercise) are subject to a statutory one-year hold from the date of issuance of the debenture. A balance of $11,951 remains as a demand loan at the end of Q1 2025.
The Company has begun work with the Company's prior auditors for the purpose of returning to SEC reporting status and upon completion may commence the uplisting process.
On behalf of the Board of Directors of
North Bay ResourceS INC.
Jared Lazerson
CEO
X: @NorthBayRes
YouTube: North Bay Resources - YouTube
LinkedIn: North Bay Resources Inc | LinkedIn
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3185942d-335c-4522-84fe-7253039eb433
https://www.globenewswire.com/NewsRoom/AttachmentNg/9550097c-8782-40b7-abb3-af5a6f03939a
News Provided by GlobeNewswire via QuoteMedia
HIGHLIGHTS
The Pansy Pit MRE is shown in Table 1 on page 3.
Figure 1. Pansy Pit rotated and unclipped longsection view looking north with the optimised pit shell in grey, drill traces as black lines and the block model coloured by classification.
Figure 2. Pansy Pit rotated cross section view looking south at ~6,762,078mN +/- 10m with the optimised pit shell in black, drill traces as black lines and the block model coloured by estimated Au grade.
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