Riley Gold Corp. has commenced its 2026 drilling campaign at the Pipeline West/Clipper Gold Project in Nevada's Cortez District, with operations funded and operated by Kinross Gold U.S.A., Inc.

Under a March 2024 agreement, Kinross holds the right to earn up to a 75% interest in the project by spending a minimum of US$20 million. Kinross also maintains a 9.9% equity interest in Riley Gold. The 2026 program targets high-priority areas along surface gold-in-soil anomalies that have not been drill-tested previously within the 27.2 square kilometer land package.

Gold traded at US$4,434.50 per ounce on August 12, 2026, up 10.48% over the preceding 30-day period.

"We are happy to have the 2026 drilling underway at PWC. As highlighted in our July 14, 2026 news release, the Kinross technical team along with Riley Gold's Paul Dobak, have defined high-priority drill targets along and on trend with the highest-grade gold-in-soils anomaly known area on the property. These are exciting targets, based on iterative geological, geophysical and data interpretation to date, in areas that have never been drill tested within our 27.2 square kilometer land package. Our PWC project is within the Cortez District, which has a significant history of gold production and current reserves. PWC adjoins Nevada Gold Mines LLC ("NGM"), a joint venture between Barrick Gold Corp. and Newmont Corporation, that has current production within their Cortez/Pipeline complex. Our primary target remains a large, disseminated gold deposit peripheral to the Gold Acres stock (see Figure 1), a geologic setting similar to NGM's Pipeline gold deposit,"

— Todd Hilditch, Chief Executive Officer

Read the full announcement: Kinross Gold Commences 2026 Drill Program at Riley Gold's PWC Gold Project (Cortez District - Nevada)