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Depth by Price for V : WRR at 2022-04-12 15:20:01 huge bids coming in
Bid Ask
Price
Volume
Orders 0.07
209,920
6 0.075
450,000
13 0.08
1,371,000
34 0.085
2,444,000
24 0.09
47,000
3 0.095
646,800
17 0.10
477,000
11 0.105
334,000
8 0.11
78,000
4 0.115
83,000
3
Bid
Orders Volume Price
3 47,000 0.09
24 2,444,000 0.085
34 1,371,000 0.08
13 450,000 0.075
6 209,920 0.07
Ask
Price Volume Orders
0.095 646,800 17
0.10 477,000 11
0.105 334,000 8
0.11 78,000 4
0.115 83,000 3
Market Book for V : WRR at 2022-04-12 15:20:01
Market Book by Order
Bid
Time Broker Volume Price
04-12 15:03 124 10,000 0.09
04-12 15:04 7 444 0.09
04-12 15:12 2 20,000 0.09
04-12 15:20 7 17,000 0.09
04-12 10:19 124 35,000 0.085
04-12 10:20 7 300,000 0.085
04-12 10:22 13 30,000 0.085
04-12 10:40 1 58,000 0.085
04-12 10:43 1 30,000 0.085
04-12 10:43 1 35,000 0.085
04-12 10:43 7 125,000 0.085
04-12 10:43 1 50,000 0.085
04-12 10:44 79 500,000 0.085
04-12 10:44 1 6,000 0.085
04-12 10:44 1 6,000 0.085
04-12 10:45 7 25,000 0.085
04-12 10:45 79 40,000 0.085
04-12 11:54 7 19,000 0.085
04-12 12:48 13 30,000 0.085
04-12 14:13 62 200,000 0.085
04-12 14:19 1 18,000 0.085
04-12 14:19 33 40,000 0.085
04-12 14:19 1 30,000 0.085
04-12 14:20 1 10,000 0.085
04-12 14:20 80 750,000 0.085
04-12 14:20 33 40,000 0.085
04-12 14:24 33 60,000 0.085
04-12 14:26 79 7,000 0.085
04-11 07:32 88 3,000 0.08
04-11 07:32 88 500 0.08
04-11 09:34 80 62,000 0.08
04-11 09:34 80 500 0.08
04-11 10:12 62 250,000 0.08
04-11 10:23 88 9,000 0.08
04-11 13:09 80 2,000 0.08
04-12 09:30 7 30,000 0.08
04-12 09:46 33 60,000 0.08
04-12 09:46 1 100,000 0.08
04-12 09:57 1 30,000 0.08
04-12 09:57 1 50,000 0.08
04-12 10:16 1 10,000 0.08
04-12 10:16 1 10,000 0.08
04-12 10:16 13 30,000 0.08
04-12 10:18 1 60,000 0.08
04-12 10:18 1 30,000 0.08
04-12 10:18 1 60,000 0.08
04-12 10:18 33 50,000 0.08
04-12 10:18 1 60,000 0.08
04-12 10:18 1 50,000 0.08
04-12 10:18 1 30,000 0.08
Ask
Price Volume Broker Time
0.095 7,000 79 04-07 10:25
0.095 48,000 7 04-07 10:29
0.095 20,000 7 04-07 13:30
0.095 20,000 80 04-08 08:18
0.095 10,000 19 04-11 11:26
0.095 30,000 33 04-12 10:19
0.095 60,000 1 04-12 10:20
0.095 10,000 1 04-12 10:20
0.095 60,000 1 04-12 10:43
0.095 1,000 79 04-12 10:44
0.095 30,000 1 04-12 10:45
0.095 200,000 7 04-12 11:05
0.095 18,000 33 04-12 14:19
0.095 50,000 33 04-12 14:20
0.095 60,000 33 04-12 14:21
0.095 20,000 1 04-12 14:36
0.095 2,800 7 04-12 15:08
0.10 150,000 1 04-01 13:09
0.10 40,000 85 04-05 15:26
0.10 100,000 7 04-07 09:44
0.10 100,000 33 04-07 10:08
0.10 30,000 79 04-08 07:00
0.10 50,000 80 04-12 14:58
0.10 3,000 19 04-12 15:02
0.10 821 80 04-12 15:18
0.10 1,000 80 04-12 15:18
0.10 1,000 80 04-12 15:18
0.10 593 80 04-12 15:19
0.10 1,000 80 04-12 15:19
0.10 1,000 80 04-12 15:19
0.105 8,000 79 04-01 10:22
0.105 93,000 85 04-04 09:21
0.105 7,000 7 04-04 14:04
0.105 99,000 7 04-06 07:09
0.105 714 7 04-06 07:09
0.105 60,000 85 04-07 09:56
0.105 7,000 7 04-08 14:09
0.105 500 7 04-08 14:09
0.105 20,000 2 04-12 07:32
0.105 40,000 2 04-12 10:36
0.11 29,000 7 04-04 07:11
0.11 1,000 85 04-04 11:37
0.11 23,000 7 04-11 09:48
0.11 50 80 04-12 08:25
0.11 25,000 124 04-12 14:23
0.115 3,000 19 03-31 15:47
0.115 50,000 19 04-06 07:33
0.115 30,000 7 04-07 09:54
0.12 7,000 7 03-31 14:57
0.12 10,000 79 04-01 09:48
Market Book by Price
Bid
Orders Volume Price
4 47,444 0.09
24 2,444,000 0.085
36 1,372,000 0.08
15 450,525 0.075
7 209,924 0.07
4 125,000 0.065
2 10,001 0.06
4 218,100 0.05
1 6,000 0.045
2 10,250 0.04
2 90,000 0.035
1 750 0.03
1 32,000 0.02
3 101,010 0.01
1 60,000 0.005
Ask
Price Volume Orders
0.095 646,800 17
0.10 478,414 13
0.105 335,214 10
0.11 78,050 5
0.115 83,000 3
0.12 386,630 11
0.125 163,611 8
0.13 136,045 9
0.135 539,714 8
0.14 595,010 6
0.145 286,000 5
0.15 414,370 10
0.155 301,767 11
0.16 379,409 11
0.165 180,000 2
0.17 90,000 2
0.175 170,000 2
0.18 120,099 5
0.185 145,000 3
0.19 100,000 1
0.195 12,000 2
0.20 158,000 6
0.21 30,000 1
0.215 21,000 1
0.225 50,000 1
0.24 6,000 1
0.25 84,000 2
0.26 6,250 2
0.27 4,000 1
0.28 1,000 1
0.285 350,000 2
0.30 1,763,390 5
0.48 6,000 1
0.49 50,000 1
0.86 6,000 1
0.90 1,000 1
3.89 4,000 1
NOTE: Only 50 orders were displayed, but there is more data for this stock.
Click here to display the complete order book.
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CEO Interview, Walker River Resources, a high-grade Nevada gold play
by Peter Epstein, MBA | posted in: Gold, Interviews, Nevada, Walker River Resources | 0
There are over 100 N. American-listed gold juniors with one or more properties in Nevada. Many reading this article probably know that Nevada is not just in the Top-10 or Top-5 — it’s #1 of 84 ranked global mining jurisdictions in the most recent Fraser Institute Survey of Mining Companies.
Nevada is elephant country with some very LARGE projects, most of the best are held in a JV between Barrick Gold & Newmont — Nevada Gold Mines (NGM). In 2021, NGM produced 2.0M ounces at a low All-in-Sustaining-Cost (AISC) of US$949/oz.
There are both high-grade mines (and past-producers) as well as bulk tonnage low-grade operations, many of which are processed by heap-leaching of mined ore. The world-famous Cortez Trend hosts several of the top gold mines/development projects in the world.
However, as great as Nevada is, there’s one prerequisite that’s critically important. It’s best to have a discovery under one’s belt because drilling can be costly & time-consuming. The geology is sometimes complex, making drilling difficult, and deposits are sometimes quite deep (1,000+ meters).
With this in mind, I return to Walker River Resources. Management has been drilling the 100%-owned Lapon Gold project for seven years with some truly spectacular results among the 82 holes drilled to date. However, only recently has the technical team become gained a better handle on geology & structure.
Given shallow drill results incl. 12.2 m @ 77.6 g/t gold in 2016; 13.7 m @ 96.0 g/t incl. 1.5 m @ 571 g/t in 2019; and 122 m @ 1.84 g/t reported on March 31st, one would think the Company’s valuation would be C$40M+, not C$17M. This is Nevada, high-grade, near-surface — a trifecta of attractive exploration metrics.
Yet Walker River has been largely a one-man show, led by Michael David, BSc., operating on a shoestring budget, on a property that has a complex geology and sits atop a steep mountain with limited infrastructure.
During most of the time that management has been drilling, the gold price has been weak and gold juniors out of favor. Over the 5-yr. period 2015-2019, gold averaged US$1,267/oz. vs. US$1,965/oz. today.
Critics of Mr. David claim he has not shared enough drill data, has experienced many painful delays in reporting drill results, has over-promised & under-delivered, and is not good at communicating the story to investors. He’s been described as over-confident & stubborn.
In my numerous conversations with Michel, he has been gracious and has spent the time needed to explain things. Yes, there have been delays and fewer drill holes completed than the market expected.
Some of the delays can rightfully be blamed on COVID-19 and the well-known slowness in getting assays back from the lab. Lab delays are especially impactful for a company on a tight budget that NEEDS drill results to inform the next set of drill targets.
These factors have caused the Company to fly under the radar and for stock gains on strong results to be met with selling as investors reason that it will be several months before the next news release.
We saw this play out last week as shares ran to $0.14 before pulling back to $0.075. Currently, the price is $0.085 and the market cap is $17M. How can Walker River break free of this pattern and climb to a more reasonable valuation? How about landing a STRATEGIC PARTNER?
In the following interview with CEO Michel David, I try to uncover the answer to this long-standing question, how to better tell the Walker River story.
Michel, thank you for taking time from your busy schedule to answer some questions. Can you please give readers an overview of Walker River Resources?
My pleasure. Our 100%-owned high-grade Lapon Gold Project (LGP) consists of 2,940 acres within the Walker Lane shear zone, a 100 km wide structural corridor extending southeast from Reno, Nevada.
The Project is ~60 km southeast of Yerington, Nevada, and hosts past-producing operations. The LGP includes Lapon Canyon, the Pikes Peak claims four km to the north, and the Rattlesnake & Range Front claims three km to the west.
Old-timers in the late-1800’s & early-1900s took extraordinary measures to move equipment up a steep mountain to 8,000-9,000 ft. They risked their lives and invested substantial sums on mining infrastructure for one reason…. high-grade gold.
We believe they were mining at least one troy ounce-per-ton (31.1 grams/tonne) material, and in some areas probably multiple ounces/ton. Our team has found ~2,000 feet of underground workings in three adits and we’ve drilled 82 mostly shallow holes since 2015.
This advanced-stage exploration play has the potential to become a large development project that would be quite attractive to a Major that could significantly expand the work being done.
That’s interesting, so at what stage does your board think that a Major or mid-tier gold company might want to step in as a strategic investor?
I’ve seen and/or worked on large systems in Nevada and in Canada. While we haven’t proven we have a large system yet at LPG, there’s a lot of smoke, and 82 drill holes to date is not a trivial number.
In addition to Barrick & Newmont, large companies with a presence in the Walker Lane Trend include; Kinross, AngloGold, Hecla Mining & Coeur Mining. Barrick & Newmont have had such phenomenal success in Nevada, that other mid-tiers & Majors are looking at the State. The Walker Lane Trend should be high on anyone’s list.
Naturally, our board has been talking with a few majors for a while now, more companies have expressed interest over the past several months. We’re open to ideas on ways to collaborate. In the meantime, I would like to drill seven holes at Pikes Peak and follow up with drilling at the Lapon zone.
You described Walker’s latest drill results [released on 3/31/22] as a game-changer. Please explain.
Yes, good question. For years we’ve been drilling & finding pockets of high-grade & very high-grade gold, but we didn’t fully understand the role granite played in the system. After our last set of drill results, we think we understand it better.
We announced the discovery of a new high-grade mineralized zone [the Hotspot] featuring significant gold mineralization in granite. This is really important, previously the granite was thought to be barren. We will now go back and assay the granite core that was never sent to the lab. That’s a really low-cost way to add ounces.
Hole 21-65 (1.88 g/t Au over 54.5 m) was the discovery hole. Holes LC 21-80 & LC 21-81 returned intervals of; [7.6 g/t Au over 48.8 m, incl. 77.2 g/t over 4.5 m] and [5.7 g/t Au over 60.9 m, incl. 17.7 g/t over 18.3 m + 99.7 g/t over 1.5 m].
LC 21-82 delivered [1.84 g/t Au over 122 m incl. 8.6 g/t over 9.2 m + 4.3 g/t over 47.3 m]. Notably, those latter two results were in granite. I should add that the 122-meter interval in LC 21-82 ended in mineralization. This new data gives us the confidence to drill deeper holes, which we plan for later this year.
These surprising results at the new Hotspot zone are very promising for our follow-up drilling around holes LC 19-42 & 19-43 — two of our best holes drilled in 2019. LC 19-42 returned 13.7 m of 96.0 g/t Au, incl. 1.5 m of 547 g/t.
Holes we’ve drilled to date have typically been 400-500 ft., but the rig we’re getting this Spring/Summer will be able to drill to depths of 900 ft.
While one can’t argue with truly blockbuster results, some complain about a lack of news, the Company not presenting at conferences, long waits for assays, and too little data accompanying drill results. Some see Walker as a one-man show led by a stubborn, hard-to-reach exec. What do you say to your detractors?
I know that some are not happy with the pace of news flow and things like that. In the end, will that matter if/when a Major steps up with a very attractive farm-in proposal? That news could drop this year or next, a lot of eyes are on us.
Everyone’s entitled to their opinions about how to run a small-cap company, the last two years during COVID-19, with unprecedented lab delays, on a shoestring budget, starting from scratch a decade ago with no surviving data on geology or structure.
Yes, I can be stubborn, but I listen to ideas & opinions and choose what I think makes sense. I certainly trust my technical team and we typically see eye-to-eye. I have 35 years’ experience in geology & geophysics, sometimes I get emails from investors who are not mining professionals, telling me where to drill.
Would readers expect me to listen to these individuals, or to professionals with decades of experience, some with expertise in Nevada’s key formations at Nevada’s foremost gold companies?
I admit that communication with investors has been sporadic and I’ve committed to improving on that front. We’re currently looking to hire a full-time Geo to help us with investor relations, making/updating drill maps & tables, and providing more exploration data.
And, we’re going to start presenting again to investors at conferences.
Earlier we talked about the idea of a Major potentially looking to farm into our LPG project. As I said, Majors are following us, some more closely than others. They understand our approach and recognize the constraints we’ve had — constraints that they would not have if they partnered with us.
Most who have reviewed our drill results & interpretations in detail have come away impressed with what we’ve done and where we’re headed. These unbiased stamps of approval should be a source of comfort for readers in our progress to date.
Thank you Michel, very interesting. I look forward to Walker’s next drill results. Good luck hiring an IR person to help with communicating the Walker River Resources story.
Disclosures: The content of the above article/interview is for information only. Readers fully understand & agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Walker River Resources, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc., is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, professional trader, money manager, compliance or legal officer, and does not perform market-making activities. [ER] is not directly employed by any company, group, organization, party, or person. The shares of Walker River Resources are highly speculative, and not suitable for all investors. Readers understand & agree that investments in small-cap stocks can result in a 100% loss of invested funds. It is assumed & agreed upon by readers that they will consult with their own licensed or registered financial advisors before making investment decisions.
At the time this article/interview was posted, Walker River Resources was an advertiser on [ER] & Peter Epstein owned shares in the Company.
Readers understand & agree that they must cond
CEO Interview, Walker River Resources, a high-grade Nevada gold play
by Peter Epstein, MBA | posted in: Gold, Interviews, Nevada, Walker River Resources | 0
There are over 100 N. American-listed gold juniors with one or more properties in Nevada. Many reading this article probably know that Nevada is not just in the Top-10 or Top-5 — it’s #1 of 84 ranked global mining jurisdictions in the most recent Fraser Institute Survey of Mining Companies.
Nevada is elephant country with some very LARGE projects, most of the best are held in a JV between Barrick Gold & Newmont — Nevada Gold Mines (NGM). In 2021, NGM produced 2.0M ounces at a low All-in-Sustaining-Cost (AISC) of US$949/oz.
There are both high-grade mines (and past-producers) as well as bulk tonnage low-grade operations, many of which are processed by heap-leaching of mined ore. The world-famous Cortez Trend hosts several of the top gold mines/development projects in the world.
However, as great as Nevada is, there’s one prerequisite that’s critically important. It’s best to have a discovery under one’s belt because drilling can be costly & time-consuming. The geology is sometimes complex, making drilling difficult, and deposits are sometimes quite deep (1,000+ meters).
With this in mind, I return to Walker River Resources. Management has been drilling the 100%-owned Lapon Gold project for seven years with some truly spectacular results among the 82 holes drilled to date. However, only recently has the technical team become gained a better handle on geology & structure.
Given shallow drill results incl. 12.2 m @ 77.6 g/t gold in 2016; 13.7 m @ 96.0 g/t incl. 1.5 m @ 571 g/t in 2019; and 122 m @ 1.84 g/t reported on March 31st, one would think the Company’s valuation would be C$40M+, not C$17M. This is Nevada, high-grade, near-surface — a trifecta of attractive exploration metrics.
Yet Walker River has been largely a one-man show, led by Michael David, BSc., operating on a shoestring budget, on a property that has a complex geology and sits atop a steep mountain with limited infrastructure.
During most of the time that management has been drilling, the gold price has been weak and gold juniors out of favor. Over the 5-yr. period 2015-2019, gold averaged US$1,267/oz. vs. US$1,965/oz. today.
Critics of Mr. David claim he has not shared enough drill data, has experienced many painful delays in reporting drill results, has over-promised & under-delivered, and is not good at communicating the story to investors. He’s been described as over-confident & stubborn.
In my numerous conversations with Michel, he has been gracious and has spent the time needed to explain things. Yes, there have been delays and fewer drill holes completed than the market expected.
Some of the delays can rightfully be blamed on COVID-19 and the well-known slowness in getting assays back from the lab. Lab delays are especially impactful for a company on a tight budget that NEEDS drill results to inform the next set of drill targets.
These factors have caused the Company to fly under the radar and for stock gains on strong results to be met with selling as investors reason that it will be several months before the next news release.
We saw this play out last week as shares ran to $0.14 before pulling back to $0.075. Currently, the price is $0.085 and the market cap is $17M. How can Walker River break free of this pattern and climb to a more reasonable valuation? How about landing a STRATEGIC PARTNER?
In the following interview with CEO Michel David, I try to uncover the answer to this long-standing question, how to better tell the Walker River story.
Michel, thank you for taking time from your busy schedule to answer some questions. Can you please give readers an overview of Walker River Resources?
My pleasure. Our 100%-owned high-grade Lapon Gold Project (LGP) consists of 2,940 acres within the Walker Lane shear zone, a 100 km wide structural corridor extending southeast from Reno, Nevada.
The Project is ~60 km southeast of Yerington, Nevada, and hosts past-producing operations. The LGP includes Lapon Canyon, the Pikes Peak claims four km to the north, and the Rattlesnake & Range Front claims three km to the west.
Old-timers in the late-1800’s & early-1900s took extraordinary measures to move equipment up a steep mountain to 8,000-9,000 ft. They risked their lives and invested substantial sums on mining infrastructure for one reason…. high-grade gold.
We believe they were mining at least one troy ounce-per-ton (31.1 grams/tonne) material, and in some areas probably multiple ounces/ton. Our team has found ~2,000 feet of underground workings in three adits and we’ve drilled 82 mostly shallow holes since 2015.
This advanced-stage exploration play has the potential to become a large development project that would be quite attractive to a Major that could significantly expand the work being done.
That’s interesting, so at what stage does your board think that a Major or mid-tier gold company might want to step in as a strategic investor?
I’ve seen and/or worked on large systems in Nevada and in Canada. While we haven’t proven we have a large system yet at LPG, there’s a lot of smoke, and 82 drill holes to date is not a trivial number.
In addition to Barrick & Newmont, large companies with a presence in the Walker Lane Trend include; Kinross, AngloGold, Hecla Mining & Coeur Mining. Barrick & Newmont have had such phenomenal success in Nevada, that other mid-tiers & Majors are looking at the State. The Walker Lane Trend should be high on anyone’s list.
Naturally, our board has been talking with a few majors for a while now, more companies have expressed interest over the past several months. We’re open to ideas on ways to collaborate. In the meantime, I would like to drill seven holes at Pikes Peak and follow up with drilling at the Lapon zone.
You described Walker’s latest drill results [released on 3/31/22] as a game-changer. Please explain.
Yes, good question. For years we’ve been drilling & finding pockets of high-grade & very high-grade gold, but we didn’t fully understand the role granite played in the system. After our last set of drill results, we think we understand it better.
We announced the discovery of a new high-grade mineralized zone [the Hotspot] featuring significant gold mineralization in granite. This is really important, previously the granite was thought to be barren. We will now go back and assay the granite core that was never sent to the lab. That’s a really low-cost way to add ounces.
Hole 21-65 (1.88 g/t Au over 54.5 m) was the discovery hole. Holes LC 21-80 & LC 21-81 returned intervals of; [7.6 g/t Au over 48.8 m, incl. 77.2 g/t over 4.5 m] and [5.7 g/t Au over 60.9 m, incl. 17.7 g/t over 18.3 m + 99.7 g/t over 1.5 m].
LC 21-82 delivered [1.84 g/t Au over 122 m incl. 8.6 g/t over 9.2 m + 4.3 g/t over 47.3 m]. Notably, those latter two results were in granite. I should add that the 122-meter interval in LC 21-82 ended in mineralization. This new data gives us the confidence to drill deeper holes, which we plan for later this year.
These surprising results at the new Hotspot zone are very promising for our follow-up drilling around holes LC 19-42 & 19-43 — two of our best holes drilled in 2019. LC 19-42 returned 13.7 m of 96.0 g/t Au, incl. 1.5 m of 547 g/t.
Holes we’ve drilled to date have typically been 400-500 ft., but the rig we’re getting this Spring/Summer will be able to drill to depths of 900 ft.
While one can’t argue with truly blockbuster results, some complain about a lack of news, the Company not presenting at conferences, long waits for assays, and too little data accompanying drill results. Some see Walker as a one-man show led by a stubborn, hard-to-reach exec. What do you say to your detractors?
I know that some are not happy with the pace of news flow and things like that. In the end, will that matter if/when a Major steps up with a very attractive farm-in proposal? That news could drop this year or next, a lot of eyes are on us.
Everyone’s entitled to their opinions about how to run a small-cap company, the last two years during COVID-19, with unprecedented lab delays, on a shoestring budget, starting from scratch a decade ago with no surviving data on geology or structure.
Yes, I can be stubborn, but I listen to ideas & opinions and choose what I think makes sense. I certainly trust my technical team and we typically see eye-to-eye. I have 35 years’ experience in geology & geophysics, sometimes I get emails from investors who are not mining professionals, telling me where to drill.
Would readers expect me to listen to these individuals, or to professionals with decades of experience, some with expertise in Nevada’s key formations at Nevada’s foremost gold companies?
I admit that communication with investors has been sporadic and I’ve committed to improving on that front. We’re currently looking to hire a full-time Geo to help us with investor relations, making/updating drill maps & tables, and providing more exploration data.
And, we’re going to start presenting again to investors at conferences.
Earlier we talked about the idea of a Major potentially looking to farm into our LPG project. As I said, Majors are following us, some more closely than others. They understand our approach and recognize the constraints we’ve had — constraints that they would not have if they partnered with us.
Most who have reviewed our drill results & interpretations in detail have come away impressed with what we’ve done and where we’re headed. These unbiased stamps of approval should be a source of comfort for readers in our progress to date.
Thank you Michel, very interesting. I look forward to Walker’s next drill results. Good luck hiring an IR person to help with communicating the Walker River Resources story.
Disclosures: The content of the above article/interview is for information only. Readers fully understand & agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Walker River Resources, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc., is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, professional trader, money manager, compliance or legal officer, and does not perform market-making activities. [ER] is not directly employed by any company, group, organization, party, or person. The shares of Walker River Resources are highly speculative, and not suitable for all investors. Readers understand & agree that investments in small-cap stocks can result in a 100% loss of invested funds. It is assumed & agreed upon by readers that they will consult with their own licensed or registered financial advisors before making investment decisions.
At the time this article/interview was posted, Walker River Resources was an advertiser on [ER] & Peter Epstein owned shares in the Company.
Readers understand & agree that they must cond
$WRR $WRRZF MAJORS NEWMONT BARRICK sniffing new report just out
http://epsteinresearch.com/2022/04/12/walker-river/
$WRR $WRRZF MAJORS NEWMONT BARRICK sniffing new report just out
http://epsteinresearch.com/2022/04/12/walker-river/
WRR WRRZF huge drill results NEVADA HIGH GRADE GOLD
ORIGINAL: Walker River Announces Drill Results From New Discovery at Lapon Canyon Return 7.62 G/t au Over 48.8 Meters and 77.14 G/t au Over 4.5 Meters
2022-03-31 08:00 ET - News Release
WRR Close 2022-03-30 C$ 0.105
Vancouver, B.C. , March 31, 2022 (GLOBE NEWSWIRE) -- Walker River Resources Corp. ("Walker" or the "Company") (TSX-V: "WRR") is pleased to announce drill results from the late 2021 reverse circulation ("RC") drill program at the Lapon Canyon portion, of its 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada.
Drill results confirm the discovery of a new high grade gold mineralized zone (the "Hotspot").
LC 21-80 returned 7.62 g/t Au over 48.8 meters, including 77.16 g/t Au over 4.5 meters.
LC 21-81 returned 5.68 g/t Au over 60.9 meters, including 17.76 g/t Au over 18.3 meters, and 99.7 g/t Au over 1.5 meters.
LC 21-82 returned 1.84 g/t Au over 122 meters including 8.61 g/t Au over 9.2 meters, and 4.28 g/t Au over 47.3 meters, the latter two results being in granite. The hole ended in gold mineralization at 122 meters.
Key Highlights
The presence of significant gold mineralization in granite (LC 21-82), demonstrates new and significant potential to the project. Previously the granite was thought to be barren. The Company will now undertake to assay granites from the previous drillhole samples not sent to the lab.
It is now warranted to drill longer and deeper holes at Lapon Canyon, with significant gold mineralization recently discovered within the granite at the Hotspot, previously unknown to exist on the Project.
Hole 21-65 (1.88 g/t over 54.5 meters) was the initial discovery hole. The zone is not visible at surface, as it is covered by a blanket of colluvium and granite boulders
Holes LC 20-35 (1.35 g/t over 22.9 meters) and LC 21-67, located some 100 meters NW of the new Hotspot zone confirmed its discovery.
The unanticipated robust nature of gold mineralization discovered at the Hotspot zone, allows the Company to apply the same methodologies at Lapon Canyon's other known mineralized zones. Including, follow up drilling at the mineralized zones discovered in holes LC 19-42 and 43.
The 2022 drill programs at Lapon Canyon will now consist of systematic drilling on section for geological modelling purposes, as well as exploration drilling to discover new gold mineralization and extend known gold mineralization, including, now at depth.
Assay Table: Summary of Drill Results:
Hole From
(m) To
(m) Length*
(m) Assay (Au g/t)* GoldMetal Factor
(g/t x m) Notes:
LC 21-80 10.7 59.5 48.8 7.62 372
incl 55 59.5 4.5 77.62 347
and 55 56.5 1.5 166.37 249
and 58 59.5 1.5 65.00 97.5
LC 21-81 10.7 71.6 60.9 5.68 346
incl 41.2 59.5 18.3 17.76 325
and 47.3 48.8 1.5 99.78 150
and 53.4 54.9 1.5 39.98 60
and 57.9 59.4 1.5 50.98 76
LC 21-82 0 122 122** 1.84 224
incl 64 111.3 47.3 4.28 202
and 85.3 122 36.7 3.46 127 In Granite
and 85.3 94.5 9.2 8.61 79 In Granite
LC 21-76 13.7 15.2 1.5 25.57 38
* The above drill results are presented uncapped and lengths represent sampled lengths. True width is estimated to be between 60 and 80 percent of sampled widths.
** LC 21-82 ended at 122 meters in gold mineralization
The new Hotspot zone is located some 200 meters above and 250 meters SE, on strike with the high-grade mineralization at the historic mine workings, with previously reported high grade drill results (LC 16-10 77.62 g/t over 12.2 meters, among others).
Other drill holes include LC 21-76 and LC 21-84 where a second altered zone was discovered below granite. The two altered zones show anomalous to low grade gold throughout, with LC 21-76 returning a high-grade value of 25.57 g/t over 1.5 meters. The granites also show anomalous gold values throughout, an excellent indicator for future exploration. The presence of a second altered zone below granite is very significant as it increases the potential of Lapon Canyon. Hole LC 21- 84 was lost at 140 meters in intense fracturing, an indicator of potential gold mineralization at Lapon Canyon.
Drillholes LC 21-73 to 75 were drilled in the barren late-stage diorite intrusive at the bottom of Lapon Canyon, for geological informational purposes, obtaining thicknesses and angles within the intrusive, important geological information for future drilling.
Drillholes LC 21-85 and 86, were drilled in the lower granites, in preparation for follow up drilling of the high-grade mineralization discovered in Holes LC 19-42 and 43.
Finally, holes LC 21-77 to 79 were drilled to ascertain geological parameters for the drilling of the discovery at the new Hotspot zone. Unexpectedly this led to the discovery of the Upper Granite, which is well mineralized in LC 21-82 (Hotspot).
Now that the late 2021 drill program assay results have been received, planning of the continuation of drilling at Lapon Canyon is underway. Due to the robust nature of the gold mineralization at the new Hotspot zone discovery, both unexpected and surprising, the Company will shift its focus here, and using the same methodologies, follow up drilling at the discoveries encountered in holes LC 19-42 and 43.
Drilling at the Pikes Peak portion of the Lapon Gold Project, which was interrupted in late 2021, due to poor road access conditions, will begin as soon as possible, subject to road access conditions and drill contractor availability. Significant historical mining activities are present (shafts, adits, mill) in a copper gold environment. Sampling by Walker returned values of 9 g/t Au, and 2.2% Cu from outcrop. It is significant that there are no reported drilling or exploration activities from Pikes Peak.
The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length), intensely altered (sericite, iron oxides) sheared and faulted NE trending fault zone. Gold mineralization is present pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct high-grade structures, that have been drilled over a strike length of over 850 meters and a vertical extent of 400 meters.
The high-grade gold mineralization is encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys.
About the Lapon Gold Project
The Lapon Gold Project consists of 147 claims (2940 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nevada. The Project is easily accessible by secondary state roads from the main highway (25 kilometres), and is located approximately 60 kilometres southeast of Yerington, Nevada. A state power grid transmission line passes within three kilometres of the Project.
The Lapon Gold Project includes Lapon Canyon, the Pikes Peak claims located 4 kilometres to the north, and the Rattlesnake and Range Front claims 3 kilometres to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Rattlesnake, Range Front, and Pikers Peak claims cover over 8 km of possible extensions of the range front zones to the west, north, and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no exploration work has been carried out on these claims prior to Walkers arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located 3 km on strike and 600 meters above.
Lapon Canyon hosts historical high grade gold mining with approximately 2000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one ounce per ton range, with a sample at the end of the A adit returning 20.6 ounces per ton Au. (NI43-101, Montgomery and Barr, 2004).
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The Lapon Canyon samples were delivered to American Assays Laboratories' certified laboratory facilities in Sparks, NV. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50g gravimetric finish. Intensely altered samples used a 1 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.
Samples are taken and bagged directly at the drill rig at every 1.5 meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried
out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.
The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ) a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michel David"
________________________
Michel David,
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Email: info@wrrgold.com
Website: www.wrrgold.com
WRRZF WRR this is the week get it on your radar screen
coming below
Significantly, visible gold (VG) was observed in hole LC 21-76 at a depth of 18 meters (see news release 11/15/21) and in Hole LC 21-80 at 51 meters depth, in chip trays used for visual logging purposes at the drill rig.
WRRZF WRR this is the week BOOM BOOM
WRR WRRZF watch for HALT early next week :)))))))))
Don't miss out on BIG $$$$$$$$$$$$$$$$$$$$$$$$$
WRR WRRZF going going now ALL ABOARD i won't be back to tell ya again :)))))))
Its all good SSP just keep your eye on WRR WRRZF
should be a shocker :))))
Pierre Lassonde predicts $200 oil and $2,400 gold in a month
I guy posting on shithouse can bring in over 40 million in share buying ?
Who is buying SSP ?
Hey I still got some media magic from around
10 years ago your tip does it trade anymore ?
Or done like chicken ?
Your usa orders are routed to canada to get fills buy and ask
The usa symbol today only means you can buy that Canadian stock
Just put it on your radar for high grade gold assays pending
Volume was over 500000 yesterday in canada
WRR WRRZF LAST CALL before 14 holes pending assays HIGH GRADE GOLD
Should come out in BATCHES and in the high grade gold corridor 500 metres lateral from honeypot 350 grams per ton to new hole 500 metres west to visual gold in chip tray in hole 76 - 18 metres below surface to visual gold in chip tray in hole 80 -51 metres below surface BINGO BINGO
WE just hit the JACKPOT = BINGO LOTTERY 649
no fluke to get 2 holes visual gold in chip tray super super rare shit so 2 Geologists say
LOADUP from your old buddy Heinz on SI he words LOADUP
NEVADA best place in the world for mining premiums paid for HIGH GRADE GOLD DEPOSITS
rough 1 million ozs here DIRT CHEAP
WRRZF in usa or WRR in Canada DO some homework $$$$$$$$
it is no fluke significant visusal gold in 2 oz chip tray
2 holes 76 and 80 visual gold it is no fluke
as hole 76 visual gold at 18 metres & hole 80 visual gold at 51 metres
biggest hole to date was 17.5 ozs per ton gold in sulphides
https://wrrgold.com/walker-updates-drilling-program-at-the-lapon-gold-project/
http://epsteinresearch.com/2021/01/12/highest-grade-gold-junior-in-nevada-that-no-ones-heard-of-walker-river-resources/
Keith Schaefer if Whispers
WRRZF in usa or WRR in Canada DO some homework $$$$$$$$
it is no fluke significant visual gold in 2 oz chip tray
2 holes 76 and 80 visual gold it is no fluke
as hole 76 visual gold at 18 metres & hole 80 visual gold at 51 metres
biggest hole to date was 17.5 ozs per ton gold in sulphides
https://wrrgold.com/walker-updates-drilling-program-at-the-lapon-gold-project/
http://epsteinresearch.com/2021/01/12/highest-grade-gold-junior-in-nevada-that-no-ones-heard-of-walker-river-resources/
Keith Schaefer if Whispers
WRRZF WRR should see assays this coming week after long weekend
2 holes with visual gold in 2oz RC chip Tray is SUPER RARE its no fluke with 2 drill holes with 2 oz 3m to 5m chips and visual gold in these chips
12 lb bag over 1.5 metres sent to the lab with same material
Your next ARU Aurelian Resources Inc 40 cents to $43.75
in 6 months flat
WRR your next mover shaker in the junior gold discovery area in NEVADA
read the news releases
https://wrrgold.com/walker-updates-drilling-program-at-the-lapon-gold-project/
wrrzf wrr Keith Schaefer talks to Michel David of Walker River Resources
wrrzf wrr visual gold in rc chip trays very very rare
A total of 14 holes (1750 meters) were completed. Sample preparation of the drill holes has been finalized, with 816 samples submitted to the certified laboratory facilities in Sparks, NV. Significantly, visible gold (VG) was observed in hole LC 21-76 at a depth of 18 meters (see news release 11/15/21) and in Hole LC 21-80 at 51 meters depth, in chip trays used for visual logging purposes at the drill rig.
The 2021 drilling programs were designed to determine structure and morphology for 3D geological modelling. Follow up drilling also targeted the extensions of the high-grade zones and corridors, both at depth and along strike, as discovered in previous drilling at Lapon Canyon. The Company will await further assay results prior to the positioning of new additional holes in these areas.
Most recently, following up drilling targeted the previous discovery of hole LC 21-65 (1.88 g/t over 54.8 meters, see news release 08/18/21). Significantly, drilling encountered fresh granite, varying in thickness from 4 to 20 meters overlying the altered and silica rich mineralized zone. In hole LC 21-84, a second mineralized zone was encountered underneath fresh granite at a depth of 120 meters. This second alteration has an apparent thickness of over 30 meters.
old interview but spot on NEVADA GOLD TREASURE
http://epsteinresearch.com/category/walker-river-resources/
Wwrzf wrr heads up expecting huge gold assays very soon
WRRZF WRR very very rare 2 oz chip samples with visual gold in chip trays
12 lb bag from the same samples of the drill hole are at lab and expected soon
2 drill holes like this have discovered visual gold in chip trays
https://wrrgold.com/walker-updates-drilling-program-at-the-lapon-gold-project/
chip tray from reverse circulation drilling examples below in link
https://www.google.com/search?sxsrf=AOaemvJNZk1_JtWpmM8XeUBBwAF8B9v-Vw:1643206885070&source=univ&tbm=isch&q=chip+tray+from+reverse+circulation&fir=_62psySJNuVFcM%252C2YcxtHDfdCDtzM%252C_%253B0Ak97L2iXGQNIM%252CEPsoma9YIBC2KM%252C_%253B20hiKkUOOs3HoM%252CvZVPKLnEBYlP8M%252C_%253Bq_W30f8R8rQQgM%252CQnVJwwJ7hiCO7M%252C_%253B22lYiUEeDcLOPM%252C-JAi1szDOyYsoM%252C_%253BJ0E40wi8dRljNM%252C4kPdO28mwDWRaM%252C_%253BXRKe3BXBmexO4M%252CyeJL4lY6Ra2QlM%252C_%253BtHgipjwAjP8nIM%252Csfjz1UzO76TgRM%252C_%253BGFbPwfKdGNA82M%252CvZVPKLnEBYlP8M%252C_%253B_s6s23z3bklBqM%252Csfjz1UzO76TgRM%252C_&usg=AI4_-kSV-jQzdcHz4K2aFgN8BRTePGkBTg&sa=X&ved=2ahUKEwjXxrTVzs_1AhXaPH0KHfcPDxIQjJkEegQIAxAC&biw=1707&bih=821&dpr=0.8
Got Covid in the hospital LMAO total idiot brainless people
SITKA SIG
Watch for Battle Mountain Trend Elephant Gold Discovery next week
SITKF or SIG
AG21-02 and AG21-03 were drilled about 8 km northwest of AG20-01, on a new block of claims staked to cover a Goldrush analogue target, down dip from surface gold and arsenic anomalies (Figure 2). New geological mapping and information gained from AG20-01 suggested drilling would test Devonian shales, age equivalent to the Horse Canyon Fm, at their contact with the top of the Devils Gate Limestone. It was hypothesized for several reasons, including comparisons with the Goldrush area, that alteration and mineralization would strengthen down dip east of the surface geochemical anomaly. AG21-02 intersected the shale-limestone contact at 575’ where a clay zone, minor silicification, decalcification, and limonite were encountered, both in the siltstone/shale above and limestone below. The drill was then moved 750 meters south near the center of the claim block for AG21-03 (Figure 2). That hole intersected a karst cavity at 240-255’, then silicified, argillized and decalcified, sooty, black, calcareous siltstone and shale. A clay zone at 295-310’ separated the siltstone/shale from strongly decalcified Devil’s Gate Limestone, including fossil hash, coral fragments, silicification and some massive black jasperoid to 450’. Both iron oxide and pyrite were common in the alteration zone. A normal fault zone was encountered from 575 to 620’. Marble, graphitic slickensides, sporadic decalcification, pyritic and silicified zones enveloped the fault zone from 505-675. The hole was stopped at 700’ in calcarenite of the Lower Denay Formation. The alteration zone at the shale to Devils Gate contact from 240 to 450’ is considered excellent host rock and is correlative with and similar to alteration at the Goldrush ore deposit 40km to the northwest along the Cortez Trend. AG21-03 is located in an undrilled area and the zone is open in all directions. Normal faults noted on section B-B’ in the vicinity of the drill hole locally contain rhyolite dikes and anomalous mercury at surface (Figure 1). The samples from these drill holes are currently being shipped for assay
https://www.sitkagoldcorp.com/alpha-gold.html
KENYA DEFEATS BID TO ANNUL MINING AWARD THAT READ IMPLICIT LEGALITY REQUIREMENT INTO THE KENYA-UK BIT
Mar 24, 2021
Check out the loser Bully Troll thinks his shit don't stink along with his side kicks that bully people
https://www.siliconinvestor.com/subject.aspx?subjectid=52296
short some more bitcoin bully troller rotflmao
little cry baby now ha ha
You been wrong on Bitcoin and wrong on many things but your a bully
who doesn't like the right answer in front of your face
How is your short on bitcoin nutcase ? Covid Market crash was real Nutcase
when covid disappears that is the top of market GOT IT ? Nutcase
SNORT
Dare Bioscience participates in a conference call hosted by Maxim Conference call with management will be held on December 22 hosted by Maxim.
Read more at:
https://thefly.com/n.php?id=3215896
The analysts of H.C. Wainwright & Co. have rated Dare Bioscience with a Buy rating. The price target was set to $ 5.00. At a current price of $ 1.40 there is upside potential of 257.14%.
https://markets.businessinsider.com/analysts-opinions/dare-bioscience-inc-registered-shs-buy-744516
JAGX news out looks like a merger deal coming on Thursday Dec 17
news out looks like a merger deal coming on Thursday Dec 17
The Company is engaged in preliminary discussions with Swiss Growth Forum, a sponsor of a European special purpose acquisition company, "Post Pandemic Recovery Equity" ("the SPAC"), regarding the SPAC's potential merger with an operational subsidiary of the Company to be established in Europe with an exclusive license to crofelemer and Mytesi for the indications of inflammatory diarrhea and HIV-related diarrhea. Jaguar management looks forward to providing updates during the investor call on Thursday, December 17th regarding the progress of the European road show related to this potential merger.
Dial-In Instructions for Investor Call
When: Thursday, December 17, 2020 at 8:30 a.m. Eastern Time
Dial-in (US Toll Free): 888-394-8218
Dial-in (International): 323-701-0225
Conference ID number: 3973780
Live webcast on the investor relations section of Jaguar's website (click here)
Replay Instructions for Investor Call
Dial-in (US Toll Free): 844-512-2921
Dial-in (International): 412-317-6671
Replay Pin Number: 3973780
Replay of the webcast on the investor relations section of Jaguar's website (click here)
About Jaguar Health, Inc. and Napo Pharmaceuticals, Inc.
Jaguar to Host Investor Call Thursday, December 17th at 8:30 a.m. Eastern to Allow Management to Review Developments that Have Taken Place Since the Definitive Proxy Statement was Filed
•As previously announced, Nasdaq's Listing and Hearing Review Council Stayed the Panel Determination Requiring Jaguar's Compliance with the Bid Price Requirement by December 23, 2020
SAN FRANCISCO, CA / ACCESSWIRE / December 10, 2020 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") today announced that its Special Meeting of Stockholders held on December 9, 2020 (the "Special Meeting") was adjourned to allow the Company additional time to solicit proxies.
Jaguar is hosting an investor call on Thursday, December 17th at 8:30 a.m. Eastern Standard Time to allow management to review developments that have taken place since the Proxy Statement was filed. Dial-in instructions for the call appear below.
The Special Meeting has been adjourned to 8:30 a.m. Pacific Standard Time/11:30 a.m. Eastern Standard Time on Tuesday, December 22, 2020, at the offices of the Company at 200 Pine Street, Suite 400, San Francisco, CA 94104.
PUMP next week as thet are going to talk about a merger with European company
Jaguar Health Announces Plan to Develop and Commercialize Crofelemer, the Company's Novel Proprietary Drug, for the Indication of Inflammatory Diarrhea, Initially in 'Long-Hauler' COVID-19 Recovery Patients
2020-11-30 08:36 ET - News Release
A significant percentage of COVID-19 recovery patients suffer from long-term diarrhea or other gastrointestinal disfunctions
Non-binding terms to fund activities in Europe
SAN FRANCISCO, CA / ACCESSWIRE / November 30, 2020 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") and the Company's wholly-owned subsidiary, Napo Pharmaceuticals, Inc. (Napo), announced today that Jaguar and Napo are planning to develop and commercialize crofelemer, the Company's novel proprietary drug, for an indication of prophylaxis and/or symptomatic relief of inflammatory diarrhea, initially to be studied in a ‘long-hauler' COVID-19 recovery patient population in Europe.
As part of this plan, the Company is engaged in preliminary discussions with Swiss Growth Forum, a sponsor of a European special purpose acquisition company, "Post Pandemic Recovery Equity" ("the SPAC"), regarding the SPAC's potential merger with an operational subsidiary of the Company to be established in Europe with an exclusive license to crofelemer and Mytesi® for the indications of inflammatory diarrhea and HIV-related diarrhea. The preliminary terms under discussion include an upfront cash license fee to Napo ranging from approximately $2.0 million to $10.0 million; funding for the European operation of at least $20 million to pursue clinical development of crofelemer for inflammatory diarrhea in a long-hauler COVID-19 recovery patient population; and equity ownership in the European subsidiary by Napo ranging from 30% to 49.9% post-acquisition by the SPAC, with lower equity ownership in conjunction with a higher up-front cash license fee received by Napo. Other customary financial terms include royalties and transfer pricing on the supply of crofelemer and Mytesi to the European operation.
Management of Jaguar is currently on a road show in Europe with Swiss Growth Forum seeking support for the anticipated European operation identified as a target for the Post Pandemic Recovery Equity SPAC, for which Swiss Growth Forum is a promoter.
The terms "long-hauler" and "chronic COVID" refer to COVID-19 survivors who suffer with symptoms which may include gastrointestinal distress (i.e. diarrhea, constipation, nausea, pain), fatigue, brain fog, forgetfulness, cardiovascular effects, and arthritis, for an extended period after recovery. It is theorized that these symptoms may result when the immune system in COVID-19 survivors continues to overreact even though the infection has passed. Long-hauler syndrome appears to be predominant in younger COVID-19 recovery patients and those who experienced a mild/asymptomatic case.
Inflammation in the GI track often manifests as diarrhea, and chronic diarrhea may be an observable symptom that can provide for early diagnosis of long-hauler syndrome. Early diagnosis of chronic COVID syndrome could help limit the burden of long-term chronic illness in COVID-19 recovery patients.
"Our focus on the new potential indication of prophylaxis and/or symptomatic relief of inflammatory diarrhea for crofelemer is driven primarily by the emergence of the long-hauler COVID-19 recovery patients," Lisa Conte, Jaguar's president and CEO, commented. "Enteropathy, an inflammatory chronic syndrome typically affecting long-term HIV/AIDS survivors, brings on chronic diarrhea. We believe this situation is analogous to what we're seeing right now in COVID-19 recovery patients who are suffering from long-term diarrhea or other gastrointestinal disfunctions."
Endpoints being explored for possible clinical trials of crofelemer would include prophylaxis and/or symptomatic relief of diarrhea, reduction in inflammatory gut markers, gut biome restoration, and reduction in viral fecal shedding.
"Our exploratory discussions with Swiss Growth Forum in the European Post Pandemic Recovery Equity SPAC matches well to our intention to focus clinical exploration for this development project in Europe, where single-payer healthcare systems focus on preventative measures to diagnose and treat symptoms that can be a precursor to potentially chronic illness," Conte said. "It is estimated that up to 25% of people in the United Kingdom, for example, have already been infected with SARS-CoV-2, the virus that causes COVID-19, and it appears to be the general consensus that around 30% of COVID-19 patients end up suffering from long-hauler syndrome," added Conte. "With infection rates growing the way they are, we believe it's possible that 10% to 15% of the global population is at risk of experiencing long-hauler syndrome."
Napo has conducted intellectual property filings in support of the development of crofelemer for the potential indication of addressing inflammatory diarrhea, including specifically in a long-hauler post-COVID recovery situation. As with all potential follow-on indications, Napo prioritizes IP protection. Napo currently holds approximately 144 patents, the majority of which do not expire until 2027 - 2031, and approximately 39 patents pending.
Mytesi® (crofelemer) is a novel, first-in-class anti-secretory agent which has a basic normalizing effect locally on the gut, and this mechanism of action has the potential to benefit multiple disorders. Mytesi is a non-opiate, plant-based, chloride ion channel modulating antidiarrheal medicine that is approved in the U.S. by the Food and Drug Administration (FDA) for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy.
The only oral plant-based prescription medicine approved under FDA Botanical Guidance, Mytesi is also in development for multiple possible follow-on indications, including cancer therapy-related diarrhea, a rare disease indication for adult patients with short bowel syndrome (SBS), supportive care for inflammatory bowel disease (IBD), irritable bowel syndrome (IBS), and idiopathic/functional diarrhea. As previously disclosed, Napo initiated its pivotal Phase 3 clinical trial of crofelemer (Mytesi) for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy ("cancer therapy-related diarrhea" (CTD)) this past October. Crofelemer in pediatric liquid formulation is in development for a rare disease indication for infants and children with congenital diarrhea disorders (CDD) and pediatric SBS.
About Jaguar Health, Inc. and Napo Pharmaceuticals, Inc.
Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused on developing novel, plant-based, non-opioid, and sustainably derived prescription medicines for people and animals with GI distress, specifically chronic, debilitating diarrhea. Our wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human gastrointestinal pharmaceuticals from plants harvested responsibly from rainforest areas. Our Mytesi® (crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy and the only oral plant-based prescription medicine approved under FDA Botanical Guidance.
For more information about Jaguar, please visit https://jaguar.health. For more information about Napo, visit www.napopharma.com.
About Mytesi®
Mytesi® (crofelemer) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi® is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi®. If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo were upper respiratory tract infection (5.7%), bronchitis (3.9%), cough (3.5%), flatulence (3.1%), and increased bilirubin (3.1%).
More information and complete Prescribing Information are available at Mytesi.com. Crofelemer, the active ingredient in Mytesi®, is a botanical (plant-based) drug extracted and purified from the red bark sap of the medicinal Croton lechleri tree in the Amazon Rainforest. Napo has established a sustainable harvesting program for crofelemer to ensure a high degree of quality and ecological integrity.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements." These include statements regarding the expectation that Jaguar and Napo plan to develop and commercialize crofelemer, the Company's novel proprietary drug, for an indication of prophylaxis and/or symptomatic relief of inflammatory diarrhea, initially to be studied in a long-hauler COVID-19 recovery patient population in Europe, the SPAC's potential merger with an operational subsidiary of the Company to be established in Europe with an exclusive license to crofelemer and Mytesi for the indications of inflammatory diarrhea and HIV-related diarrhea, the Company's belief that chronic diarrhea may be an observable symptom that can provide for early diagnosis of long-hauler syndrome, the Company's belief that early diagnosis of chronic COVID could help limit the burden of long-term chronic illness in COVID-19 recovery patients, the Company's expectations regarding possible endpoints for possible clinical trials of crofelemer in Europe, and development efforts related to other possible Mytesi or crofelemer follow-on indications. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "aim," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar's control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Contact:
Peter Hodge
Jaguar Health, Inc.
phodge@jaguar.health
Jaguar-JAGX
SOURCE: Jaguar Health, Inc.
View source version on accesswire.com:
https://www.accesswire.com/618735/Jaguar-Health-Announces-Plan-to-Develop-and-Commercialize-Crofelemer-the-Companys-Novel-Proprietary-Drug-for-the-Indication-of-Inflammatory-Diarrhea-Initially-in-Long-Hauler-COVID-19-Recovery-Patients