Walker Lane completes updated MRE for Silver Hart project

Walker Lane Resources announced that it has completed an updated mineral resource estimate (MRE) for its Silver Hart project in Yukon. MICON International Limited prepared the MRE in accordance with the CIM 2019 Best Practice Guidelines and reported it under National Instrument 43‑101 (NI 43‑101) with an effective date of January 6, 2026.

Subject to financing, Walker Lane intends to conduct drilling, socio‑economic, environmental and engineering studies and to initiate a preliminary economic assessment of the Silver Hart project in 2026.

The pit‑constrained MRE at a cut‑off grade of AgEq ≥ 50 g/t reports a total of 1,889,000 tons averaging 145.2 g/t AgEq (71.3 g/t silver, 0.24% lead, 2.03% zinc), containing approximately 8.82 million oz AgEq and 4.33 million oz silver, with contained lead and zinc reported in millions of pounds. The deposits remain open along strike and down dip, particularly the KL zone, and potential for deposit merging cannot be ruled out pending step‑out and infill drilling.

"The MRE is a major milestone in our exploration efforts at Silver Hart. The MRE was estimated at prices much lower than current spot metal prices, which if used in the silver equivalent calculation in the MRE calculation result in an improved silver equivalent grade. You can do the math," Kevin Brewer, president and CEO of WLR, commented.

As a result, WLR now intends to advance our evaluation of this project to consider a production decision in the short term. Mineralization in all of the zones in the Silver Hart project start at surface and therefore are expected to be amenable to small scale open pit mining. WLR and its predecessor company CMC Metals Ltd. have been working on this project for 20 years and it is now prepped to take the project to the next stage."

Walker Lane outlined proposed 2026 work, subject to financing, including 1,500–2,000 metres of exploration drilling to extend and infill the TM Zone, 1,000–1,500 metres of exploratory drilling on known mineralization on the Blue Heaven claims, metallurgical testing including pre‑concentration assessments, additional environmental and socio‑economic studies with potential First Nations partnership opportunities, and initiation of a preliminary economic assessment incorporating preliminary engineering and transport/logistics analysis.

More information is available at www.WalkerLaneResources.com.