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Riley Gold Announces Drilling Underway at its Tokop Gold Project
VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to anno
About this update from Riley Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce that drilling is currently underway at its Tokop Gold Project (“Tokop”) located in Esmerelda County, Nevada. The initial drill program is currently permitted for 18, or more, drill holes to be drilled from 17 sites and is slated to complete a minimum of 3,000 meters of HQ3, oriented core. Drilling will target gold mineralization in granitoid rocks of the Sylvania Stock, a late Jurassic to early Cretaceous multi-phase, reduced, calc-alkalic pluton. The stock intrudes carbonate sediments of the Pre-Cambrian Wyman formation. Historical and recent surface rock sampling revealed gold mineralization up to 34.4 grams per tonne (“gpt”) and silver up to 970 gpt in sheeted quartz veins, stockworks, and shear zones within the granites. Jasperoids along structures in the carbonates have yielded gold mineralization of several gpt, up to several hundreds of meters away from the intrusive contacts (see the Company’s April 8, 2021 news release). The surface rock sampling program extended 1.8 km from NW to SE and 3.6 km SW to NE. The extent of the sampling program and results are provided for size and scale of the mineralized system. Assay results from the initial program will be published when available. “We are very excited to begin coring at Tokop. Our boots on the ground field work over the last few months, in addition to a detailed data review and background research, helped us plan a coherent and very prospective drill program which we believe to be just the start of our work at Tokop.” mentioned Charles Sulfrian, Consulting Exploration Manager. Pictures of the drilling will be made available on the Riley Gold website www.rileygoldcorp.com. Tokop Gold Project The Project potentially hosts a Reduced Intrusion-Related Gold System, similar to large mines in the Tintina Gold Belt of central Alaska and contiguous parts of the Yukon. The best known and most economically important of these include the Fort Knox (>8.0 M oz gold produced through 2020) and Pogo gold mines in Alaska and the Eagle Mine (M & I resource of ~2.98 M oz gold, 2011 Feasibility Report) of the Dublin Gulch Properties in the Yukon. At Tokop, similarly to those mines, sheeted quartz veins in a multi-phase, r...