Kinross Gold Drilling Returns Multiple Gold Intercepts Confirming Carlin-Type Fluids Signature at Riley Gold's PWC Project (Cortez District - Nevada)

Core Insights - Riley Gold Corp. has provided an exploration update for its Pipeline West/Clipper Gold Project (PWC) in the Cortez mining district, operated by Kinross Gold U.S.A., Inc. under an earn-in agreement [3][4] - The 2025 drilling results have confirmed the presence of Carlin-type gold mineralization, indicating a potential for significant gold deposits in the area [5][7] - Kinross has expanded the PWC property size to 27.2 square kilometers and is planning further exploration activities for 2026 [4][7] Exploration Program - Kinross is planning a committed next phase of exploration at PWC, which will include additional framework drilling in 2026 based on previous drill results [4] - A geochemical soil survey is currently underway to delineate a +3km open gold and pathfinder element soil anomaly [4] - The geological model for PWC is being updated to compare with other significant gold discoveries in the Cortez District [4] Drilling Results - The 2025 drilling program has highlighted significant intersections, including up to 2.19 g/t gold and a notable 489ft (149m) thick intersection of disseminated gold mineralization [7][16] - Drill holes PW25-02 and PW25-03 have confirmed the presence of Carlin-type fluid signatures, indicating a possible Carlin-type gold system within the PWC claim block [11][24] - The results show evidence of hydrothermal fluid leakage along high-angle faults, consistent with geological settings observed in nearby significant deposits [5][13] Geological Context - The PWC project is situated along the Cortez structural zone, known for its productive gold deposits, with the potential for Carlin-type, disseminated, and replacement gold deposits [29] - The geological setting is analogous to the Meikle Mine and Barrick's Fourmile Project, which are known for their substantial gold reserves [4][5] Company Outlook - The CEO of Riley Gold expressed confidence in the exploration potential, noting that early drilling results are promising and could lead to significant discoveries similar to the Fourmile deposit [28] - The company is focused on maximizing shareholder value through exploration and development in the gold-rich Cortez Trend [32]