Kinross Gold Completes Expanded Soil Geochemistry Survey at Riley Gold's PWC Project (Cortez District - Nevada), Expanding the Strike Length of the Existing Gold Anomaly by 2km
Kinross-backed Nevada explorer expands footprint as deep Carlin-type targets gain geological validation
The most recent news (February 26, 2026) announces the completion of an expanded soil geochemistry survey at the Pipeline West/Clipper (PWC) project in Nevada, operated by partner Kinross Gold. The survey identified an additional 2 km strike length of anomalous gold, bringing the total strike length to 6 km. Critically, the survey confirmed the presence of Carlin-type pathfinder elements (Arsenic and Mercury). This follows the November 2024/2025 drilling results which, while low grade (best intercept 1.33 g/t Au over 4.26m), confirmed the presence of Carlin-type hydrothermal fluids and favorable lower-plate carbonate host rocks at depth. Kinross is now moving into a 2026 program involving seismic surveys and further framework drilling.
The news is Routine - Positive. While the expansion of the soil anomaly to 6 km is a significant technical success, it remains a surface expression of a very deep target (1,000m+). - Validation: It confirms that the "plumbing" for a large gold system exists, but it does not yet constitute a discovery of economic mineralization. - Expectations: This is in line with the multi-year earn-in strategy. Kinross is systematically de-risking the project. - Comparison: Previous drilling (Hole PW25-03) showed a massive 149m interval of 0.09 g/t Au. This proves the system is large but needs a high-grade "trap" or core which has not yet been found. - Strategic Shift: The company recently terminated its Tokop Gold Project to focus entirely on PWC and preserve cash, a prudent move for a junior in a difficult market.
Riley Gold is a Nevada-focused explorer. Its flagship is the Pipeline West/Clipper (PWC) Project, spanning ~25 sq km in the heart of the Cortez District. It is adjacent to Nevada Gold Mines’ (Barrick/Newmont) Pipeline/Cortez complex. The project is under a 75% earn-in agreement with Kinross Gold, who must spend $20 million USD to earn their stake. The target is a deep, multi-million ounce Carlin-type deposit analogous to the Pipeline or Fourmile deposits.