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An Update on the Pipeline West/Clipper Gold Project Exploration

Riley Gold Corp. has provided an update regarding their exploration at the Pipeline West/Clipper Gold Project in Lander County, Nevada. The project area is about 24.7 km2 in size and is located in the Battle Mountain-Eureka Trend’s Cortez section. It borders Nevada Gold Mines LLC, a partnership between Barrick Gold Corp. and Newmont Corporation.

New Soil Grid Survey Area and Target Area. Image Credit: Riley Gold Corp.

A 3.8 km2 soil survey (previously announced on September 29th, 2022) and a vast mapping by Dr. Mike Ressel, P.Geo., covering up to 50% of the 24.7 km2 PWC land package, were both parts of the PWC 2022 fall exploration program.

Additionally, Riley Gold is still compiling all current and historical work to define drill targets for anticipated drilling in 2023. This work includes reviewing and digitizing historical work finished by previous operators.

We are pleased to have been advancing our exploration work this Fall/Winter at PWC and are excited to continue those initiatives into 2023. Having recently received an endorsement and support for our Nevada work, by way of an investment (News Released dated November 21, 2022), Riley Gold will utilize the Fall/Winter program results to develop drill targets for testing its PWC property within the Cortez District.

Todd Hilditch, Chief Executive Officer, Riley Gold Corp.

Soil Survey Completed

American Assay Laboratories of Sparks, Nevada received 1,046 soil samples and 104 rock chips for gold and multi-element chemical analysis; results are still pending. North American Exploration of Layton, Utah, conducted the soil survey program, which was intended to supplement earlier soil and lithic sampling surveys carried out by different operators.

The prior programs contained open-ended gold in soil anomalies within the PWC prospective target area, which is shown by the red ellipse.

Extensive Mapping Completed

Mike Ressel, Ph.D., recently finished the geologic and alteration mapping at PWC. The mapping was done mostly inside PWC’s main area, which was 12.2 km2. Dr. Ressel has a wealth of experience in the Cortez District and has written numerous academic papers about Carlin-type gold deposits in Nevada.

The mapping identifies physical structure and surface nuances and enhances current geophysics and soil surveys.

The new mapping will be used to model the geochemical results (historic and pending) from the soil and lithic chip sampling, along with a thorough analysis of previous geophysical surveys and historical drilling to the east and north of Riley Gold’s 3-km long target trend (red ellipse), to help define specific drill targets.

Source: https://rileygoldcorp.com/

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