Exploration Plan of Operations For The PWC Project

VANCOUVER – Riley Gold Corp. reported that preparation is underway for the completion of an Exploration Plan of Operations (EPO) for the Pipeline West/Clipper Gold Project (PWC) located in the Cortez mining district of the Battle Mountain – Eureka Trend. PWC is operated by Kinross Gold U.S.A., Inc., a wholly owned subsidiary of Kinross Gold Corporation, under an exploration earn-in agreement executed in March 2024.
“This EPO submission represents a major milestone and significant commitment by Kinross to unlock the full potential of the PWC Gold Project,” said Todd Hilditch, President and CEO. “The proposed EPO project boundary is 14 square kilometers (3,478 acres), would allow for up to 500 drill sites in phases and proposes up to 250 acres of disturbance. Once approved by the Bureau of Land Management and State of Nevada, the EPO will allow for a significant acceleration of exploration and drilling efforts on high priority targets identified from successful exploration efforts by Kinross.”
Riley Gold and Kinross have been conducting exploration activities within the PWC project area under a Notice of Intent, allowing the Company to disturb up to 5 acres of land with ongoing reclamation. Exploration results to date have been encouraging and as such planning for expanding exploration and drilling activities within the PWC claim boundary are essential.
The EPO, upon approval by the Bureau of Land Management and State of Nevada, would allow Kinross to conduct exploration activities across 14 square kilometres (3,478 acres) within the PWC project. The additional exploration activities would include up to 500 drill sites constructed with each drill site having an approximate 100-foot by 100-foot working surface, drill pads and sumps, access roads, overland travel, and laydown areas. The program will continue to evolve with each iterative step designed to identify and test multiple high-priority targets identified through 2025 and 2026 drilling, seismic/ geophysical surveys, and geochemical soil sampling. Planned drilling for 2026 continues to be on track for late Spring (2026).