Exploration Program Underway At Tokop Gold Project

VANCOUVER - Riley Gold Corp. reported that the exploration program at its Tokop Gold Project located in Esmeralda County, Nevada, is well underway. The 2020/21 program includes mapping, sampling, geophysical surveys and drilling, as well as Riley’s geological review and interpretation of previous work conducted at the Project. The Project is located within the Walker Lane Trend approximately 80 kilometers south of Tonopah, and was consolidated in Q3, 2020 by Riley through various agreements with land holders.

The exploration program is being led by Charles Sulfrian, Exploration Manager for Riley who has more than 40 years of experience as an exploration geologist. Over the last few months, Riley concentrated its efforts on understanding and delineating highly prospective exploration targets as identified by past operators as well as future exploration opportunities at the Project. As a result of this analysis, Riley initiated a detailed mapping and rock chip sample program to aid in the planning of a new round of drilling. Additional geophysical surveys will also help define drill targets. The geophysical work will begin in early 2021 and drilling will follow by the end of Q1 or early Q2, 2021.

The Riley 2020/2021 exploration program will focus on expanding historical efforts made in the area and will build on previous work completed at the Project between 2010 and 2014 by Global Geoscience Limited. Previous work conducted consisted of a major regional rock sampling program (approximately 600 rock chip, outcrop and channel samples) that returned assays up to 34.40 gpt gold and included outcrop rock chip (not channel) samples of 4m of veined monzonite that assayed 9.93 gpt gold, 3m of sheeted veins in granite porphyry that assayed 9.56 gpt gold, and another 3m of quartz veined monzonite that assayed 7.28 gpt gold. Global also completed a mapping and geophysical program, as well as a 20-hole maiden drill program (where 14 of the 20 drill holes encountered >1.0 gpt gold) that was funded as part of an earn-in agreement executed in February 2012 with Osisko Mining Corporation (See Global’s news release dated February 14, 2012).

“We look forward to aggressively moving the Tokop exploration program forward in preparation for a drill program in early 2021. To date, we have been impressed with our field and research results and we continue to grow more excited about the project upside”, stated Todd Hilditch, CEO of Riley.