Surface Rock Samples Include Up To 19.3g/t Gold And 970g/t Silver
Riley Gold Corp. (TSX.V: RLYG) has obtained additional high-grade gold and silver samples from the systematic sampling and exploration programme at its Tokop Gold Project in Esmeralda County, Nevada.
To date, Riley Gold’s 2020/21 exploration programme has included mapping, sampling and geological review and interpretation of previous work conducted at the Project.
Initial surface rock samples announced on December 17, 2020, included up to 16.1 g/t tonne gold and 105 g/t silver. The remaining surface rock samples (additional 116 samples) taken by Riley Gold have returned assays, from trace to significant high-grade material up to 19.3 g/t gold and 970 g/t silver.
President and CEO, Todd Hilditch, said that additionally, and after further review of previous work conducted at the Project, including reviewing logs and chip samples pertaining to previous drilling on the Project, the company identified visible gold its panning of some samples taken in outcrops or dumps.
“We are very pleased with the additional results of our surface sample program at Tokop,” Mr Riley said.
“These results demonstrate grade potential for both gold and silver at Tokop, as well as size potential of the mineralized system with surface rock samples extending 1.83 km from NW to SE and 3.62 km SW to NE. The results from the sampling program have confirmed the locations for our drilling campaign which is due to start within the next 7 days.“
Mr Riley said additional geochem analyses included silver and multi-element analyses, where samples returned appear to show correlation between gold and bismuth, tellurium, arsenic, mercury, and some base metals.
He said these results echo prior sampling and reinforce the company’s initial concept of Tokop being a Reduced Intrusion-Related Gold System (RIRGS), genetically similar to Fort Knox in Alaska (>8.0 M oz gold produced through 2020) and Dublin Gulch/Eagle Mine, in the Yukon Territory of Canada.