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Bullboard - Stock Discussion Forum Riley Gold Corp V.RLYG

Alternate Symbol(s):  RLYGF

Riley Gold Corp. is a Canada-based mining exploration and development company. The Company is a precious metals exploration company engaged in the acquisition and exploration of mineral properties located in the state of Nevada, United States of America. The Company's projects include Pipeline West/Clipper project and Tokop Gold project. The Tokop Gold project is located on the prolific Walker... see more

TSXV:RLYG - Post Discussion

Riley Gold Corp > next big gold mine in nevada ?
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Post by austrochris on Jun 10, 2021 1:57pm

next big gold mine in nevada ?

 At Tokop, gold mineralization is hosted in Juro-Cretaceous granites and Precambrian carbonates and skarn, similar to that being developed at the Eagle Mine (Dublin Gulch), Yukon or Fort Knox Mine near Fairbanks, Alaska. Higher grade gold is hosted in shears and closely spaced veins.

The Fort Knox gold deposit had pre-production Proven and Probable Reserves in 1996 of 158.3 million tonnes @ 0.83 g/t gold with a 0.39 g/t gold cut-off for 4.2 million ounces.[7] After the production of over 7.5 million ounces, at 31 December 2019 Proven and Probable Reserves were 255.8 million tonnes @ 0.3 g/t gold for 2.80 million ounces.

The sampling 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.
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