# Kinross Gold Exploration Update on Riley Gold's PWC Gold Project Including 2025 Drill Planning Underway \(Cortez District - Nevada\) Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985 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: 2026-08-26 07:00:15 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Riley Gold provided an exploration update for the PWC Gold Project in Nevada, reporting results from the first Kinross-funded drill hole \(PW24-01\). The hole confirmed the presence of target stratigraphy and Carlin-type pathfinder elements, supporting the planning of further step-out drilling in 2025. Reasoning: The inaugural drill hole successfully confirmed the presence of target host lithologies and Carlin-type geochemistry, providing a foundation for the 2025 drilling program, despite low gold grades. - Positive factor: successful identification of target stratigraphy - Positive factor: presence of Carlin-type pathfinder elements - Positive factor: strategic partnership with Kinross Gold - Negative factor: low-level gold grades reported 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 and a Qualified Person sign-off. 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 2025 drilling is described as new step-out wide spaced framework drill holes. Evidence · text > The new step-out wide spaced framework drill holes are being spotted ## 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-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-0) PWC · gold #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 0.29 - Grade Unit: ppm - Intercept: 1.5 m - From: 483 m - To: 484.5 m #### Classification - Sample Type: drill - Group ID: PW24-01:483-484.5 - Mining Method: unknown #### QA/QC - Laboratory: ALS Labs - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: 0.29 ppm gold is considered low-level grade. - Negative factor: low grade 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 \(483 m\) ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-1) PWC · arsenic #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: arsenic - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 438 - Grade Unit: ppm #### Classification - Sample Type: drill - Group ID: PW24-01:483-484.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated arsenic is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > arsenic up to 438 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-2) PWC · antimony #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 17.2 - Grade Unit: ppm #### Classification - Sample Type: drill - Group ID: PW24-01:483-484.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated antimony is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > antimony up to 17.2 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-3) PWC · thallium #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: thallium - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 2.6 - Grade Unit: ppm #### Classification - Sample Type: drill - Group ID: PW24-01:483-484.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated thallium is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > thallium up to 2.6 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-4) PWC · mercury #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: mercury - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 8.24 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m #### Classification - Sample Type: drill - Group ID: PW24-01:1057-1061.6 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated mercury is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > mercury up to 8.24 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-5) PWC · arsenic #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: arsenic - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 287 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m #### Classification - Sample Type: drill - Group ID: PW24-01:1057-1061.6 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated arsenic is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > arsenic up to 287 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-6) PWC · antimony #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: antimony - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 41.9 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m #### Classification - Sample Type: drill - Group ID: PW24-01:1057-1061.6 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated antimony is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > antimony up to 41.9 ppm ### PW24-01 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-gold-exploration-update-on-riley-gold-s-pwc-gold-project-including-2025--6035fb2c-e480-480e-b352-28f03ca11985#fact-drill-facts-7) PWC · thallium #### Identity - Hole ID: PW24-01 - Project: PWC - Commodity: thallium - Region: usa\_nv - Reported Region: Nevada - Ticker: RLYG #### Geometry - Grade: 2.12 - Grade Unit: ppm - Intercept: 4.6 m - From: 1057 m - To: 1061.6 m #### Classification - Sample Type: drill - Group ID: PW24-01:1057-1061.6 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-01-20T00:00:00.000Z Reasoning: Elevated thallium is a characteristic pathfinder for Carlin-type systems. - Positive factor: pathfinder element presence Evidence · text > thallium up to 2.12 ppm ## 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.