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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kinross-gold-first-hole-drilling-update-at-riley-gold-s-pwc-gold-project-cortez--9b9c8be3-6752-4d68-b94b-aad1466f9d6c

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: 2026-08-26 07:01:33 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Riley Gold reports the successful completion of its first drill hole, PWC 01-24, at the PWC Gold Project in Nevada, operated by Kinross Gold. The hole intercepted a 380m thick section of target carbonate host rocks, with gold assay results currently pending from ALS Labs.

Reasoning: The announcement reports the successful completion of the first drill hole \(PWC 01-24\) which confirmed the presence of target host lithologies, though actual gold grades are not yet available.

- Positive factor: successful completion of inaugural drill hole

- Positive factor: identification of known Cortez District host lithologies

- Positive factor: strategic location proximal to Pipeline complex

- Negative factor: assay results are still pending

Facts used in scoring: 1

## 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: The release mentions samples were submitted to ALS Labs for assays.

Evidence · text

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

**Nearology Play**

Polarity: neutral

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

Why it applies: The project is located proximal to the Pipeline gold deposit and targets the Cortez District trend.

Evidence · text

> proximal to the Pipeline complex area

## 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-staging.minestarters.com/news/kinross-gold-first-hole-drilling-update-at-riley-gold-s-pwc-gold-project-cortez--9b9c8be3-6752-4d68-b94b-aad1466f9d6c#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: Nevada
- Ticker: RLYG

#### Geometry

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

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- Laboratory: ALS Labs
- QA/QC Disclosed: Yes

#### 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 in a new area; confirms geology but lacks grade data.

- Positive factor: confirmed host lithology

- Negative factor: grades pending

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... section

## 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.