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Riley Gold: New High Priority Drill Targets Identified at Tokop Gold Project from Property-Wide Geophysical Program
VANCOUVER, British Columbia, March 23, 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, March 23, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce newly identified high priority geophysical targets resulting from its ongoing exploration programs at its Tokop Gold Project (“Tokop”), located in Esmeralda County, Nevada. Tokop’s land package includes more than 21 Square Kilometres (“sq km”) within Nevada’s prolific Walker Lane Trend. As a result of Riley Gold’s cumulative exploration efforts to date, Tokop is now being interpreted to have two styles of mineralization within the project land package. Reference is being made to Tokop North and Tokop South within the global Tokop project as the mineralizing systems tend to dominate by area: the reduced intrusive-related gold (“RIRG”)/Orogenic system is better seen in the Tokop North area while the low sulfidation, epithermal system (akin to the Bullfrog Mine) is more prevalent in exposures in Tokop South. This release will focus on geophysics results from Tokop North with additional results from the Tokop South area forthcoming. “The goal of utilizing geophysics, along with other exploration tools such as rock sampling, soil sampling, and structural mapping is to layer additional information in order to target and identify the best drill hole locations for success. We have only been working on Tokop for a little over a year and have made considerable progress in understanding previous work and augmenting that information with our own exploration in preparing a geological model for discovery of a gold deposit. This includes the epithermal mineralization in the southern portion of the project (Tokop South) which was recently identified as a secondary style of mineralization and augments the intrusive related main Tokop area (Tokop North). Our collective work completed last year has culminated into several high priority drill targets that we are excited about and are advancing towards being drill ready,\" stated Todd Hilditch, CEO of Riley Gold Corp. Geophysics Ground magnetics and gravity surveys were conducted by Magee Geophysical of Reno, Nevada, during the fall of 2021 at Tokop. Raw data was provided to Jim Wright of Wright Geophysical in Spring Creek, Nevada, for interpretation and assistance in targeting future drilling. Preliminary interpretation suggests s...