New High-Grade Gold Samples Up To 15 GPT

VANCOUVER - Riley Gold Corp. reported additional information and drilling results from its ongoing exploration program at its Tokop Gold Project, located in Esmeralda County, Nevada. Tokop’s land package includes more than 21 Square Kilometers (sq km) within Nevada’s prolific Walker Lane Trend. The maiden drill campaign at Tokop was designed to confirm initial structural interpretations for vein and alteration orientation with potential to host gold and silver mineralization. The drill program results confirmed our hypothesis that subsurface high-grade gold mineralization is present, correlative to that of a reduced intrusive related gold system (RIRG). This core drill program of 12 holes had gold/silver mineralization, above a cut-off grade of 0.3 grams per tonne (gpt) gold and 20 gpt silver, in 10 of 12 holes with a high of up to 17 gpt gold in the first 3 holes and up to 2.63 gpt gold in the remaining holes.

“We are pleased with the inaugural Tokop 2021 exploration program. To date, Tokop has delivered results of up to 17 gpt gold in drilling, up to 72 gpt gold in rock samples and up to 1.4 gpt gold in soil samples, with additional rock and soil assay results still to be received. Interpretation and modeling of the data from all 2021 exploration initiatives (mapping, sampling, geophysics and drilling) continues as data is received, and is leading to additional exploration and drill targeting in 2022,” said, CEO, Todd Hilditch.