Review Of Data Collected On The Pipeline West/Clipper Gold Project

VANCOUVER - Riley Gold Corp. reported on the extensive review of data collected on the Pipeline West/Clipper Gold Project (PWC) located in Lander County, Nevada. It has identified historical drilling with results of 4.6 meters (m) of 2.594 grams per tonne (gpt) at 324 m including a high value of 3.84 gpt gold at 283 m in rocks of the lower plate of the Roberts Mountain Thrust (RMT). Drill logs also show that the Devonian Wenban (“Wenban”) was intersected in most of the holes that penetrated to the lower plate. The Wenban is the primary host to gold mineralization in the prolific Cortez District, although the Silurian-Devonian Roberts Mountain Formation is also known to be an economic host rock in the Cortez Trend.

PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 24.7 square kms of unpatented mining claims and patented fee lands adjoining.

“Riley Gold has been re-evaluating the relatively large amount of historic data at PWC, and in particular remodeling the geophysical data, soil sample grids and historic drill intercepts. We felt that the project demanded a fresh look at the potential for a large, reduced Carlin-type gold deposit in the Wenban and underlying Roberts Mountains formations. The on-going re-interpretation and review has our team very excited about the relatively shallow new targets, within the Wenban, that are emerging and definitely warrant further exploration. As we continue to evaluate historical data, we are getting more and more excited and confident to see similarities (including the interpreted Wenban) within the geology to neighboring projects” said Todd Hilditch, President & CEO.