Kinross Gold Completes Expanded Soil Geochemistry Survey at Riley Gold's PWC Project (Cortez District - Nevada), Expanding the Strike Length of the Existing Gold Anomaly by 2km
Kinross Gold Completes Expanded Soil
Geochemistry Survey at Riley Gold's PWC
Project (Cortez District - Nevada), Expanding
the Strike Length of the Existing Gold
Anomaly by 2km
Highlights
Kinross' Fall 2025 soil geochemical survey of 5.4 square kilometers has returned positive
results and successfully identified an additional 2 kilometers ("km") strike length of
anomalous gold in soil, extending the gold in soil anomaly at PWC to approximately 6 km
long.
Results of gold and other pathfinder elements in the soil geochemical survey, along with
2025 drilling, indicate potential for a Carlin-type system at depth, adjacent to the Gold
Acres stock, at Riley Gold's PWC Project.
Kinross' exploration for 2026 is well underway at PWC, which is planned to include a
seismic survey and new framework exploration drilling.
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) -
Riley Gold Corp. (TSXV: RLYG)
(OTCQB: RLYGF)
("
Riley Gold
" or the "
Company
") is pleased to provide an exciting exploration
update for 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
PWC 2026 Exploration Program
- In addition to the new successful geochemical soil survey results
highlighting a new gold in soil anomalies being announced today, there are other exploration and drill
targeting tools being deployed. A seismic survey is planned to aid in structural identification of high
angle faults that could be the source of the gold at surface from the previous and new geochemical
surveys. New surface geochemistry and geophysical datasets will be integrated to inform drill targeting
and is expected to begin in the Spring as part of Kinross' committed next phase of exploration at PWC
for 2026.
Mr. Todd Hilditch, CEO of Riley Gold commented "We are pleased with the iterative successful steps
our partner Kinross is taking in order to find another gold deposit in this District. The drilling results
announced in November (2025), have confirmed a source for the surface Carlin-type gold and trace
element soil anomalies. There is also evidence in the upper plate of leakage of Carlin-type hydrothermal
fluids along high-angle brittle faults and confirmation of disseminated Carlin-type mineralization in lower
plate carbonate rocks at depth. Today's news of a successful and additional 2 km extension of surface
gold in soils further confirms an even more robust structural system and setting for these Carlin-type
fluids being present at PWC. This geologic setting is consistent to what is observed peripheral to the
Fourmile deposits where surface gold in soils were present and were extremely useful in their
discovery".
New Successful Geochemical Soil Survey Results
The new geochemical soil survey was completed after the 2025 drill campaign, expanding the previous
soil survey coverage to the north, west and more significantly to the south and southwest. The survey was
designed in order to fully delineate the previous and existing +3km open gold and pathfinder element soil
anomaly and to test new areas not previously sampled. The extended soil survey covered an additional
5.4 sqkm (1,345 acres) and has successfully returned gold along a strong north/south structural feature.
Figure 1. Kinross 2025 Soil Survey highlighting the collective gold highlights with discontinuous north
south extensions of up to 7.5 km.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10015/285305_cb2f68ee946bd872_002full.jpg
In addition to the significantly increased gold signature, there are additional pathfinder elements akin to
carlin style fluids being present at PWC. The below gridded images of soil geochemistry data show both
Carlin style fluid pathfinders of arsenic (As) and mercury (Hg) are coincident with gold in soil anomalies
along a structural corridor (Figure 2 below).
Figure 2. Gold (Au) soil signature as well as Carlin-style pathfinder elements of Arsenic (As) and Mercury
(Hg) coincide.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10015/285305_cb2f68ee946bd872_003full.jpg
Tracking faults down to a higher-grade trapped source is one target concept. Mineralized faults in the
upper plate rocks are significant with notable discoveries in the Cortez and Carlin districts such as the
Meikle and Fourmile deposits showing leakage of Carlin-type hydrothermal fluids from the lower plate to
the upper plate (See Figure 3 below). Additional framework drilling in 2026 is planned to develop
vectors towards possible high-grade mineralized zones.
Figure 3.
Schematic diagram of a Carlin type deposits pictured above showing ore deposit settings with
ore zones and fluid pathways. Examples of such deposits are Meikle
and Fourmile.
1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10015/285305_cb2f68ee946bd872_004full.jpg
A comprehensive 3D geologic model continues to evolve for targeting with new data for comparison with
the many Cortez Districts >5.0-million-ounce gold discoveries. The primary target being a large, Carlin-
type gold deposit peripheral to the Gold Acres stock, which is the geologic setting for Nevada Gold
Mines LLC's ("
NGM
") Pipeline gold deposit. The PWC geological model is testing for a Carlin-type
system analogous to NGM's Meikle Mine or Barrick Mining Corporation's Fourmile deposit.
About PWC:
PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement
gold deposits.
PWC consists of a land package totaling approximately 27.2 km² of unpatented mining
claims and patented fee lands adjoining NGM.
PWC is situated along the Cortez structural zone of the
exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada
(Figure 4). The Cortez and Pipeline complexes (adjoining Riley Gold's PWC boundary) are top
producers within Nevada, a State that consistently produced between 4-5 million ounces of gold a year.
Figure 4. PWC project location in the Cortez district
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10015/285305_cb2f68ee946bd872_005full.jpg
QAQC Procedures
Samples are submitted to ALS Geochemistry, Reno Nevada, which is a certified and accredited
laboratory, independent of Kinross. Samples are prepared using industry-standard prep methods and
analyzed using Au-ICP21(Au; 30g fire assay) and ME-MS41L (48 element Suite; 0.25g four-acid
digestion/ICP- MS, plus Hg via aqua regia digestion/ICP-MS) methods. ALS also undertakes its own
internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment
calibration. Kinross QAQC program includes regular insertion of CRM standards, duplicates, and blanks
into the sample stream with a stringent review of all results completed internally by Kinross technical
personnel. Previous sampling by Riley was completed by ALS in Reno using the same techniques used
by Kinross.
Qualified Person
This news release has been reviewed and approved by Matthew Dumala, P.Eng., an independent
consultant and a 'qualified person', as defined by National Instrument 43-101, Standards of Disclosure
for Mineral Projects.
About Riley Gold Corp.
Riley Gold is an exploration and development company focused in Nevada, USA, with assets located in
the Battle Mountain Eureka Trend (within the Cortez District) and the Walker Lane Trend.
Riley Gold's
founders and leadership team have a proven track record of maximizing shareholder value during each
phase of the mining life cycle: exploration, development, and production.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Todd Hilditch
Chief Executive Officer
Tel: (604) 443-3831
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary statement regarding forward-looking information.
This press release contains statements which constitute "forward looking information" under applicable
Canadian securities laws, including statements regarding plans, intentions, beliefs and current
expectations of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its
management, are intended to identify such forward-looking information. Although Riley Gold believes
that the expectations reflected in these forward-looking statements are reasonable, undue reliance
should not be placed on them because Riley Gold can give no assurance that they will prove to be
correct. Since forward looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties and the Company's future business activities may differ materially
from those in the forward-looking information as a result of various factors, including, but not limited to,
fluctuations in market prices, successes of the operations of the Company, continued availability of
capital and financing and general economic, market or business conditions and the ability to obtain the
requisite approvals of the TSX Venture Exchange when necessary. Investors are cautioned that any such
forward-looking information is not a guarantee of future business activities and involves risks and
uncertainties. Additional information on these and other factors that could affect Riley Gold operations
and financial results are included in reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR+ website (
www.sedarplus.ca
). There can be no assurances that
such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of
such uncertainties. The Company does not assume any obligation to update any forward-looking
information except as required under the applicable securities laws.
________________________
1
Modified from: Carlin Type Gold System Exploration - 911Metallurgist
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285305