Riley Gold Corp. (RLYG:TSX.V; RLYGF:OTCQB) announced in a news release that additional rock samples taken from its Tokop gold project in Nevada returned high-grade silver and gold.
Reported results are from the final 116 samples procured as part of the company's 2020-2021 exploration program at Tokop. Grades on these samples ranged from trace to 970 grams per ton (970 g/t) silver and to 19.3 g/t gold.
"We are very pleased with the additional results of our surface sample program at Tokop. 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 kilometers (1.83 km) from northwest to southeast and 3.62 km southwest to northeast," President and CEO Todd Hilditch said in the release.
"The results from the sampling program have confirmed the locations for our drilling campaign which is due to start within the next 7 days," Hilditch added.
"To date, Riley Gold's 2020/21 exploration program has included mapping, sampling and geological review and interpretation of previous work conducted at the project," the company stated. "New sampling has confirmed historical surface sample results and, in some places, discovered new areas requiring additional work."
Further review of previous logs and chip samples results as well as panning of some samples taken in outcrops and dumps showed visible gold. The company stated that results of additional geochemical analyses confirm its hypothesis that Tokop is a reduced intrusion-related gold system, similar to Fort Knox in Alaska.
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