Kinross Gold Submits Exploration Plan of Operations for Riley Gold's PWC Project (Cortez District - Nevada)
Kinross Gold Submits Exploration Plan of
Operations for Riley Gold's PWC Project
(Cortez District - Nevada)
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) -
Riley Gold Corp. (TSXV: RLYG)
(OTCQB: RLYGF)
("
Riley Gold
" or the "
Company
") is pleased to announce that preparation is
underway for the completion of an Exploration Plan of Operations
("EPO")
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.
"This EPO submission represents a major milestone and significant commitment by Kinross to
unlock the full potential of the PWC Gold Project," said Todd Hilditch, President and CEO of
Riley Gold. "The proposed EPO project boundary is 14 square kilometers (3,478 acres), would
allow for up to 500 drill sites in phases and proposes up to 250 acres of disturbance. Once
approved by the Bureau of Land Management and State of Nevada, the EPO will allow for a
significant acceleration of exploration and drilling efforts on high priority targets identified from
successful exploration efforts by Kinross."
Riley Gold and Kinross have been conducting exploration activities within the PWC project area under a
Notice of Intent, allowing the Company to disturb up to 5 acres of land with ongoing reclamation.
Exploration results to date have been encouraging and as such planning for expanding exploration and
drilling activities within the PWC claim boundary are essential.
The EPO, upon approval by the Bureau of Land Management and State of Nevada, would allow Kinross
to conduct exploration activities across 14 square kilometres (3,478 acres) within the PWC project. The
additional exploration activities would include up to 500 drill sites constructed with each drill site having
an approximate 100-foot by 100-foot working surface, drill pads and sumps, access roads, overland
travel, and laydown areas. The program will continue to evolve with each iterative step designed to
identify and test multiple high-priority targets identified through 2025 and 2026 drilling, seismic/
geophysical surveys, and geochemical soil sampling. Planned drilling for 2026 continues to be on track
for late Spring (2026).
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 1). The Cortez and Pipeline complexes (adjoining Riley Gold's PWC boundary) are top
producers within Nevada, a State that has consistently produced between 4-5 million ounces of gold a
year.
Figure 1
. PWC project location in the Cortez district
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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.
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