Riley Gold Stock Price, News & Analysis

Kinross Gold has initiated its 2025 exploration program at Riley Gold's Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez mining district. Under a March 2024 agreement, Kinross can earn up to 75% interest by investing $20 million in the project.

Key developments include:

• New high-priority drill targets identified 2.5 kilometers north-northwest of previous drilling
• Drilling expected to begin in 4-6 weeks, targeting highest-grade gold-in-soil anomalies
• First deep drill hole (PW1-24) completed in Fall 2024, reaching 3,597 feet depth
• Successfully found 1,251-foot thick lower-plate carbonates, including 1,193 feet of Wenban Formation
• Additional soil sampling planned to expand on 2023 survey that showed gold anomalies extending over 3 kilometers

The project spans 24.7 km² in the Cortez District, with Kinross holding a strategic 9.9% equity interest in Riley Gold.

Riley Gold Corp. (RLYGF) provides an update on exploration activities at its Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez mining district. Kinross Gold, operating under a March 2024 earn-in agreement to acquire up to 75% of PWC for USD$20 million, completed its first framework drill hole PW24-01 in July 2024.

The drill hole, reaching 3,597 feet depth, successfully intercepted a 1,251-foot thick section of lower plate carbonates, including 1,193 feet of Wenban Formation. Assays confirmed the presence of Carlin-type geochemistry with gold values up to 0.29 ppm over a 5-foot section, along with elevated pathfinder elements including arsenic, antimony, mercury, and thallium.

Kinross plans additional drilling for Q2 2025, targeting areas 1.5-2 km northwest of the first drill hole, focusing on high-grade surface geochemical gold anomalies near major structural intersections. The primary target is a large, disseminated gold deposit near the Gold Acres stock.

Riley Gold Corp reports on the first drill hole (PWC 01-24) at its Pipeline West/Clipper Gold Project in Nevada by Kinross Gold. The hole was completed to 3,592.5 feet depth, successfully intercepting 1,248 feet of lower plate carbonates, including Wenban Formation units, starting at 2,345 feet depth. The Wenban Formation hosts all major gold deposits (>5M oz) in the Cortez District. Samples have been submitted to ALS Labs with results pending. The drilling is part of an agreement where Kinross can earn up to 75% interest in PWC by spending US$20 million. Kinross also holds a 9.9% strategic equity interest in Riley Gold.

Riley Gold Corp. (TSXV: RLYG, OTCQB: RLYGF) announced the commencement of drilling at its Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez District. The drilling is managed and funded by Kinross Gold, which can earn up to a 75% stake in the project by investing at least $20 million. The PWC project, covering approx. 24.7 km², is located in a prolific gold-producing area. Kinross has also acquired a 9.9% equity interest in Riley Gold. The drilling will target previously unexplored areas with promising geological features. Paul Dobak, Riley Gold's technical committee member, brings extensive experience in Nevada's mineralization. Initial permits have been secured from the Bureau of Land Management.