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Kinross Gold 2025 Field Exploration Underway on Riley Gold's PWC Gold Project (Cortez District - Nevada)
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Riley Gold Corp. (TSXV: RLYG) (...
About this update from Riley Gold Corp.
[{"type":"text","content":"Kinross Gold 2025 Field Exploration Underway on Riley Gold's PWC Gold Project (Cortez District - Nevada)Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) (\"Riley Gold\" or the \"Company\") is pleased to announce that the 2025 Exploration Program is well underway at the Company's Pipeline West/Clipper Gold Project (\"PWC\"), located in the Cortez mining district of the Battle Mountain - Eureka Trend. PWC is operated by Kinross Gold U.S.A., Inc. (\"Kinross\"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC), under an exploration earn-in agreement executed in March 2024 whereby Kinross has the right to earn up to 75% of PWC by spending USD$20,000,000 (for full details of the Kinross agreement please see the March 14, 2024 news release).HighlightsKinross has defined new high-priority framework drill target areas at PWC that have never been drill tested (see Figure 1 below);First set of 2025 framework drill holes are approximately 2.5 kilometers north-northwest of the previous (and first) Kinross drill hole (in late 2024). These holes are targeting the highest grade gold-in-soil anomalies location on the property;Compiled geologic mapping, geophysical surveys, historical drill results, and gold-in-soil survey results uploaded in Leapfrog software support the new 2025 drill hole locations; Recent geologic modeling and interpretation by Kinross also provides a supporting structural foundation and information for the 2025 Exploration and Drill Program.Drill contracts have been awarded, drill permitting is in process and drilling is expected to begin in approximately 4-6 weeks; Additional soil sampling is planned by Kinross for the 2025 field season to increase surface geochemical coverage adjacent to the 2023 soil survey completed by Riley Gold. The previous soil survey returned significant anomalous gold-in-soil values that extended more than 3 kilometres (\"km\"). Several pathfinder elements, associated with both Carlin-type and intrusive-related gold deposits, were also elevated in the first soil survey; Kinross's first PWC deep framework drill hole (PW1-24) was completed successfully in the Fall of 2024 and was designed to test for favourable lower plate carbonate Carlin-type host rocks and was drilled to 3,597 feet (1,096 m). The drill hole was ...