Kinross Gold Commences 2026 Drill Program at Riley Gold's PWC Gold Project (Cortez District - Nevada)
Riley begins 2026 drilling at the PWC project, though dilution and exploration risks remain a concern for the operation.
Kinross Gold has commenced its 2026 drilling campaign at the Pipeline West/Clipper (PWC) Gold Project in Nevada. The drilling targets high-priority areas along the highest-grade gold-in-soils anomaly and a large disseminated deposit peripheral to the Gold Acres stock. This operational update follows the July 14, 2026 announcement that drill planning and seismic surveys were complete, confirming the timeline for summer 2026 drilling.
The release also discloses a routine grant of 2,240,000 incentive stock options to directors, officers, and consultants at an exercise price of $0.55 per share, expiring August 2031.
Riley Gold Corp. (RLYG) has commenced drilling, a planned operational milestone that aligns with previous expectations set in July 2026. The announcement does not contain new geological data or financial updates. Additionally, the company granted stock options, a standard administrative action representing minor dilution. The news confirms Kinross is executing on its earn-in agreement, but provides no immediate catalyst for stock price appreciation.
Riley Gold Corp. (RLYG) is an early-stage exploration company focused on the Pipeline West/Clipper (PWC) Gold Project in Nevada's Cortez District. The company’s 27.2 sq km land package adjoins Nevada Gold Mines (NGM), a joint venture between Barrick and Newmont. The project targets Carlin-type, disseminated gold deposits.
2025 drilling confirmed Carlin-type fluid signatures, with intercepts including: - 149m @ 0.09 g/t Au - 4.26m @ 1.33 g/t Au
A NI 43-101 technical report was filed in May 2026.