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Riley Gold Announces New Epithermal Exploration Targets at Tokop South
VANCOUVER, British Columbia, April 04, 2022 (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 04, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce the discovery of new targets that exhibit intense epithermal alteration, stockwork, and veins (Image 1) at surface that along with geophysical signatures suggests hydrothermally altered zones and target horizons at relatively shallow depths. These new prospective areas of low sulfidation epithermal mineralization are in the southern portion (“Tokop South”) of its Tokop Gold Project (“Tokop”), located in Esmeralda County, Nevada. On March 28, 2022, Riley Gold announced a significant increase to its Tokop land package (at Tokop South) which now consists of more than 31 square kilometres within Nevada’s prolific Walker Lane Trend. The claims were staked based on the interpretation and results of the exploration activity conducted at Tokop South. According to Hillary Jochens, Tokop Project Manager, “Initial mapping plus soil and rock sample data, as well as hyperspectral alteration and geophysical data analyses combine to highlight several high-priority targets within the newly acquired ground. This represents an exciting opportunity for further exploration. At the Ghost prospect, the occurrence of several parallel sets of northerly trending epithermal veins and structures is analogous to stockwork zones with 0.5 – 1 gram per tonne gold in the Bullfrog Mine District. This area could represent very prospective drill targets for higher grade gold at depth.” (Ms. Jochens is the former Exploration Manager for Augusta Gold at their Bullfrog Mine Project at Beatty, Nevada.) Geophysical Surveys and Vein Mineralization at Tokop South The three prospect areas (Ghost, Diamondback, and Desert Bloom) within Tokop South exhibit locally intense epithermal alteration, stockwork, and veins at surface. This, combined with geophysical signatures suggests hydrothermally altered zones and target horizons at relatively shallow depths. Rock sampling has yielded assays of more than 1.3 gram per tonne (“gpt”) gold. Soil sampling has revealed anomalous gold and epithermal pathfinder trends. Portions of this area host several old prospects, shafts, and adits. The collective, multi-layered data defined these new targets and provided the basis for increasing the land package size at To...