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Riley Gold Corp. V.RLYG

Alternate Symbol(s):  RLYGF

Metals & Mining Gold
Riley Gold Corp. is a gold exploration company with projects within major gold bearing trends in the state of Nevada. The Company's lead project is the Pipeline West/Clipper gold project (“PWC”) which is within the Cortez Trend, located in Lander County (Cortez District), approximately 80 kilometers southwest of Elko. The PWC project is 24.7 square kms (9.5 square miles) and has Kinross Gold earning up to 75% of the project by spending US$20M. PWC adjoins the Nevada Gold Mines (“NGM”) gold production complex which is a joint venture amongst Barrick and Newmont. The Company’s Tokop Gold project is located in the Walker Lane Trend (Esmeralda County - Tokop Mining District), approximately 80 km south of Tonopah. The Tokop Gold project land package spans over approximately 31 square kilometers.


TSXV:RLYG - Post by User

Riley Gold Corp.
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Post by Betteryear2on Mar 14, 2024 1:42pm
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Post# 35933142

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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