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Riley Gold Corp V.RLYG

Alternate Symbol(s):  RLYGF

Riley Gold Corp. is a Canada-based mining exploration and development company. The Company is a precious metals exploration company engaged in the acquisition and exploration of mineral properties located in the state of Nevada, United States of America. The Company's projects include Pipeline West/Clipper project and Tokop Gold project. The Tokop Gold project is located on the prolific Walker Lane Trend in Esmeralda County (Tokop Mining District), approximately 80 km south of Tonopah. The Tokop Gold project land package spans over approximately 31 square kilometers. The Pipeline West/Clipper project is located in Lander County (Cortez District), approximately 80 kilometers southwest of Elko. The Pipeline West/Clipper project includes 24.7 square kms (9.5 square miles) of unpatented mining claims.


TSXV:RLYG - Post by User

Riley Gold Corp
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Post by Betteryear2on Mar 14, 2024 1:42pm
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Riley Gold Executes US$20 Million Earn-In Agreement

Riley Gold Executes US$20 Million Earn-In AgreementVancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that it has entered into an exploration and venture option agreement (the "Agreement") with Kinross Gold U.S.A., Inc. ("Kinross"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC), granting Kinross the right to earn up to a 75% interest in Riley Gold's Pipeline West/Clipper Gold Project ("PWC") by spending a minimum of US$20 million. PWC is located in Lander County, Nevada and consists of approximately 24.7 km² in the heart of the significant gold producing Cortez District (Battle Mountain - Eureka Trend). Kinross will assume operatorship of the project immediately as well as take a strategic 9.9% (on a partially diluted basis) equity interest in the Company through a private placement.

Riley Gold Executes US$20 Million Earn-In Agreement with Kinross Gold on its PWC Gold Project (Nevada) (newsfilecorp.com)
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