# Kinross Gold First Hole Drilling Update at Riley Gold's PWC Gold Project \(Cortez District - Nevada\)

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kinross-gold-first-hole-drilling-update-at-riley-gold-s-pwc-gold-project-cortez--99a66a25-7c83-48c7-81cb-6cb4e6de615c

Original source: https://money.tmx.com/en/quote/RLYG/news/5716211807979012/kinross-gold-first-hole-drilling-update-at-riley-gold-s-pwc-gold-project-cortez-

Publisher: tmx

Original announcement: 2024-10-30T11:00:00.000Z

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: None reported

- Document categories: Drill results, Agreement transaction

- Extracted: 2026-09-18 19:03:18 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Riley Gold Corp. has reported the successful completion of its first core drill hole, PWC 01-24, at the PWC Gold Project in Nevada. The hole intercepted a 380m thick section of target host carbonates, confirming the presence of expected lithologies, with gold assay results currently pending from ALS Labs.

Reasoning: The announcement reports the successful completion of the first core hole \(PWC 01-24\) at the PWC project, confirming the presence of target host rocks, though actual gold grades are not yet available.

- Positive factor: Successful completion of inaugural core hole

- Positive factor: Identification of target host lithologies at depth

- Positive factor: Strategic proximity to Pipeline complex

- Negative factor: Assay results are still pending

Facts used in scoring: 2

## Classification and evidence

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is described as being proximal to the Pipeline complex and the Gold Acres stock in the Cortez District.

Evidence · text

> proximal to the Pipeline complex area.

**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: The release mentions that samples have been submitted to ALS Labs for assays.

Evidence · text

> All samples from PWC 01-04 have been submitted to ALS Labs in Reno, NV

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### PWC 01-24

[Link to this fact](https://atlas-extractions.minestarters.com/news/kinross-gold-first-hole-drilling-update-at-riley-gold-s-pwc-gold-project-cortez--99a66a25-7c83-48c7-81cb-6cb4e6de615c#fact-drill-facts-0)

PWC · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PWC 01-24
- Project: PWC
- Commodity: gold
- Region: usa\_nv
- Reported Region: usa\_nv
- Ticker: RLYG

#### Geometry

- Intercept: 380 m
- From: 715 m
- To: 1095 m
- Hole Depth: 1095 m
- Intercept Depth: 715 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: PWC 01-24:715-1095

#### Location

- Location: PWC
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Labs
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2001-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-10-30T00:00:00.000Z

Reasoning: First hole completed, confirming geological targets, but lacks assay data.

- Positive factor: Confirms host lithology at depth

- Negative factor: No grades reported yet

Evidence · text

> PWC 01-24 was successfully completed to a depth of 3,592.5 feet \(1,095 m\) and intercepted a 1,248 foot \(380 m\) thick structurally complex section of lower plate carbonates

#### 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.