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Riley Gold Strategically Increases Land Position by 50% at Tokop (Nevada)
VANCOUVER, British Columbia, March 28, 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 28, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce that the Company has significantly increased its land package based on recent encouraging results from its ongoing exploration program and the discovery of new prospective areas of low sulfidation epithermal mineralization on the southern portion of its Tokop Gold Project (“Tokop”), located in Esmeralda County, Nevada. Tokop’s land package increased by 10.3 Square Kilometres (“sq km”) and now totals more than 31 sq km’s within Nevada’s prolific Walker Lane Trend. Riley Gold staked a total of 123 federal unpatented lode claims surrounding much of the Diamondback, Ghost, and Desert Bloom prospect areas (see Figure 1). The claims were staked based on the interpretation and results of the exploration activity conducted at Tokop South including: regional-scale geological mapping, rock sampling, soil sampling, and ground magnetic and gravity surveys; as well as a hyperspectral (hydrothermal) alteration data review. The three Tokop South prospect areas (Ghost, Diamondback, and Desert Bloom) 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. Initial rock sampling has yielded assays of more than 1 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 adding the new claims. “Our exploration work is yielding additional opportunities and adding significant value to the geological modelling of the Tokop South and Tokop North areas,” said Todd Hilditch, President and CEO of Riley Gold. “The continued step-wise exploration efforts will focus our results and guide us to specific drill targeting at Tokop.” https://www.globenewswire.com/NewsRoom/AttachmentNg/6fc3d1a8-1b88-4367-bdc0-93c9badaea56 Geological Overview Recent work at Tokop has revealed more than one style of gold mineralization and host rock. One is a reduced intrusive-related gold system hosted in granitoids and carbonate units (more prevalent at Tokop North),...