# Kinross Gold Exploration Update on Riley Gold's PWC Gold Project Including 2025 Drill Planning Underway \(Cortez District - Nevada\) Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43 Original source: https://money.tmx.com/en/quote/RLYG/news/5002199327596600/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025- Publisher: tmx Original announcement: 2025-01-20T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Riley Gold Corp. - Ticker: RLYG - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Arsenic, Antimony, Thallium, Mercury - Document categories: Drill results, Agreement transaction - Extracted: 2026-09-18 19:05:21 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Riley Gold Corp. provided an exploration update for its PWC Gold Project in Nevada, reporting results from its first framework drill hole \(PW24-01\). The hole confirmed the presence of Carlin-type host lithologies and pathfinder elements at depth, supporting the company's 2025 drill planning. Reasoning: The release reports the first successful framework drill hole confirming target stratigraphy and pathfinder geochemistry in a highly prospective district, though gold grades remain at trace levels. - Positive factor: Successful identification of Carlin-type host lithologies at depth - Positive factor: Presence of pathfinder elements \(As, Sb, Tl, Hg\) indicating Carlin-type fluids - Positive factor: Strategic partnership with Kinross Gold providing funding and operational expertise - Negative factor: Gold grades reported are very low \(0.29 ppm\) - Negative factor: Results are from a single framework hole \(PW24-01\) Facts used in scoring: 8 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions assays from ALS Labs \(Reno, NV\) and a Qualified Person \(Richard DeLong, P.Geo\) review. Evidence · text > Assays from ALS Labs \(Reno, NV\) confirm mafic and felsic dikes **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program is testing a large, untested area within the 25 km² land package using new framework drilling. Evidence · text > The drill hole was designed to identify local stratigraphy in a large area within the 25 km² PWC land package with no previous deep drilling. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is proximal to the Pipeline complex and targets the geologic setting of NGM's Pipeline gold deposit. Evidence · text > proximal to the Pipeline complex area. ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-0) PWC · gold #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 0.29 - Grade Unit: ppm - Intercept: 1.5 m - From: 483 m - To: 484.5 m - Hole Depth: 1096 m - Intercept Depth: 483 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:483-484.5 - Mining Method: open\_pit #### Location - Location: upper plate - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Trace gold grade in the upper plate dikes. - Negative factor: Very low grade \(0.29 ppm\) Evidence · text > returned gold in dikes in the upper plate up to 0.29 parts per million \(" ppm "\) over a 5-foot \(1.5 m\) section from 1587 feet \(483 m\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-1) PWC · arsenic #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: arsenic - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 438 - Grade Unit: ppm - Intercept: 1.5 m - From: 483 m - To: 484.5 m - Hole Depth: 1096 m - Intercept Depth: 483 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:483-484.5 - Mining Method: open\_pit #### Location - Location: upper plate - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element arsenic detected in upper plate. - Positive factor: Elevated arsenic indicates Carlin-type geochemistry Evidence · text > arsenic up to 438 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-2) PWC · antimony #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 17.2 - Grade Unit: ppm - Intercept: 1.5 m - From: 483 m - To: 484.5 m - Hole Depth: 1096 m - Intercept Depth: 483 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:483-484.5 - Mining Method: open\_pit #### Location - Location: upper plate - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element antimony detected in upper plate. Evidence · text > antimony up to 17.2 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-3) PWC · thallium #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: thallium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 2.6 - Grade Unit: ppm - Intercept: 1.5 m - From: 483 m - To: 484.5 m - Hole Depth: 1096 m - Intercept Depth: 483 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:483-484.5 - Mining Method: open\_pit #### Location - Location: upper plate - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element thallium detected in upper plate. Evidence · text > thallium up to 2.6 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-4) PWC · mercury #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: mercury - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 8.24 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m - Hole Depth: 1096 m - Intercept Depth: 1057 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:1057-1061.6 - Mining Method: open\_pit #### Location - Location: lower plate Wenban Formation - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element mercury detected in lower plate. - Positive factor: Elevated mercury indicates Carlin-type fluids Evidence · text > mercury up to 8.24 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-5) PWC · arsenic #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: arsenic - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 287 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m - Hole Depth: 1096 m - Intercept Depth: 1057 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:1057-1061.6 - Mining Method: open\_pit #### Location - Location: lower plate Wenban Formation - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element arsenic detected in lower plate. - Positive factor: Elevated arsenic indicates Carlin-type fluids Evidence · text > arsenic up to 287 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-6) PWC · antimony #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: antimony - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 41.9 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m - Hole Depth: 1096 m - Intercept Depth: 1057 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:1057-1061.6 - Mining Method: open\_pit #### Location - Location: lower plate Wenban Formation - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element antimony detected in lower plate. Evidence · text > antimony up to 41.9 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PW24-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--3f962917-a765-4d96-bc7f-74646c826e43#fact-drill-facts-7) PWC · thallium #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: thallium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: RLYG #### Geometry - Grade: 2.12 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m - Hole Depth: 1096 m - Intercept Depth: 1057 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PW24-01:1057-1061.6 - Mining Method: open\_pit #### Location - Location: lower plate Wenban Formation - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Labs - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Pathfinder element thallium detected in lower plate. Evidence · text > thallium up to 2.12 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.