Riley Gold (TSX-V: RLYG)(OTC: RLYGF) CEO Todd Hilditch on Refining Hi-Priority Targets & Adding to Land Position in Nevada

Todd Hilditch: I'm great. Thanks, Gerardo. How are you?

Todd Hilditch: Yeah, you're 100% right. And as we've spoken in the past, last summer, spring and summer, we ran a drill program. We were able to do rock sampling. We see high grade at surface on rock samples. We saw high grade gold, up to 19 gram per tonne gold in our drilling. We hit gold in 10 of our 12 holes. And when we terminated that program, it wasn't for lack of getting results. It was, "Okay, we're drilling the same thing over and over. We see these veins at surface. Now let's try and take a step back and get a better understanding of kind of the bigger picture."

Fortunately through the fall, we were able to do geophysics programs, some soil geochem, some additional rock geochem and very importantly, the geophysics and the geophysics, as well as mapping structures on surface gave us sort of that four or five pieces of information that when you pull it all down into a map level integration, we started to see some really cool features, in fact, features that allowed us and drove us towards adding additional ground as you mentioned. Yeah, we had a very busy fall and now that we're getting all of this work interpreted including ground magnetics and gravity surveys, we're coming up with some pretty cool new targets as well.

Todd Hilditch: Yeah, absolutely. It's refining and expanding it, which is really cool. When we first came into this property and started our exploration work, it was based on some historic work that was done by a gentleman by the name Dick Sillitoe, as well as a junior that had hired him as well as in fact, Osisko version 1.0, but it was an intrusive related this sort of big pluton balloon for those non-technical people that came up from seven to eight kilometers below the surface up. And when it cooled, these veins became apparent at surface. So this intrusive related system is very well known up in the Tintina belt in Alaska, Fort Knox, Dublin Gulch. A system that's understood, but still had to be expanded upon, drilled and get maybe a bigger picture on... Just off of the main area.

For our March 23rd news release for anybody that wanted to pull that up and you'd be able to see all of the heavy work around the main area, but what's become really intriguing is just because you have gold at surface in one spot, doesn't mean that's the source, doesn't mean that there hasn't been some sort of geologic event that's disconnected the surface from where the real heat source is. And this is what's happened here in particular at the Cabin area, which is about a kilometer south of the Main area. There is mapping of gold, rock samples and soils all the way through this area. But what we found at Cabin as an example, is there's a very strong geophysical feature that came out of our surveys that shows a break in the rock subsurface.

A break in the rock along with structures that are mapped along with old timer prospect pits that... The old timers were digging holes and going down ladders and stuff that you and I would be probably petrified of, but that's because they were chasing gold. Well low and behold, we have a confluence of about four separate sort of events and items here. All of the structures coincide at Cabin, they come across each other at northwest, at northeast, north, south, high grade samples, old historic work. And this area has never ever been drilled before. And it's exactly where the geophysics shows there's a break in the rock. If you were somebody that was trying to understand, "Well, why does gold even come to the surface?" It has to find cracks, fissions, structures, some weakness to be able for the fluid to flow and then precipitate out gold. I think we found the area that is going to be really key to the Tokop area, the north part of Tokop.

Todd Hilditch: Interestingly enough, with the remaining geophysics survey that we completed, and in fact we increased the land package on our south side and we announced today by another 10 kilometers, we now have 30 square kilometers down in this area, is the first sort of type intrusive related is exactly what we spoke about. But we're also seeing on our south part of our property, numerous kilometers away is that secondary system that you alluded to. That's an epithermal type system. It's very similar to the work that's going on down at Beatty, which has some of the most major mining companies spending a lot of time down there and the Bullfrog Mine that Barrick used to produce from. So same idea, we were able to look at the geophysics. We had to secure additional ground because of things that were popping out, the soil geochemistry is also lining up, the structures are lining up. The same thing we're seeing up in the north side Cabin and Main is a matter of the northern part of the property. And then in the southern, we're seeing a little bit of a different feature, but we had to go get that ground dried, we really wanted to nail it down and then we'll come to market with a little bit of additional geophysics targeting as well down there. It just feels like all of the pieces of information that are falling through all of our work through the fall, I should say, are lining up with some pretty strong targets for us going forward.

Todd Hilditch: No, that's exactly what we're doing. All of this work and these iterations of different surveys and sampling and structural work, it really culminates to where do you want to drill? And we're trying to refine that as we speak, hopefully within the next few weeks, we'll get to a point where... We know where we want to pinpoint. We do have some soil geochemistry work additional that we're going to complete in the next couple months. We're getting closer to identifying where we're drilling next.

Todd Hilditch: You bet. Thank you.