New Epithermal Exploration Targets At Tokop South

VANCOUVER - Riley Gold Corp. reported the discovery of new targets that exhibit intense epithermal alteration, stockwork, and veins 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 of its Tokop Gold Project, located in Esmeralda County, Nevada. The Company also reported a  significant increase to its Tokop land package (at Tokop South) which now consists of more than 31 square kilometers 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.

Hillary Jochens, Project Manager, said, “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.”

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 Tokop South.

Gravity and ground magnetic susceptibility surveys played an important role in Riley Gold expanding its claim block at Tokop South. One sample collected from a prospect pit in the Wyman yielded 1.34 gpt gold and 47.2 gpt silver. Otherwise, cool colors can indicate areas of lower-density rocks, including alluvium, or at Tokop South, often volcanics of the Ammonia Tanks Tuff. Many of the epithermal veins occur in the tuffs, in similar style to those at the Bullfrog Mine. One sample cut from chalcedonic to opaline vein material ran 1.08 gpt gold and 8.97 gpt silver; another yielded 1.02 gpt gold and 8.32 gpt silver from another epithermal vein nearly 1 kilometer away. These grades are analogous to those found at the Bullfrog and Montgomery-Shoshone mines in chalcedonic-opaline stockwork zones.