Kinross Gold Commences Drilling at Riley Gold's PWC Gold Project (Cortez District - Nevada)
Kinross Gold Commences Drilling at Riley Gold's PWC Gold Project (Cortez District - Nevada)
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that drilling is underway at the Company's Pipeline West/Clipper Gold Project ("PWC") by Kinross Gold U.S.A., Inc. ("Kinross"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC).
温哥华,卑诗省—(Newsfile Corp.-2024年7月10日)-Riley Gold Corporation.(tsxv: RLYG) (OTCQB:RLYGF)(以下称“Riley Gold”或“公司”)非常高兴地宣布,金罗斯金矿业有限公司(Kinross Gold U.S.A., Inc.)(“金罗斯”)已经开始在公司的Pipeline West/Clipper金矿项目(PWC)中进行钻探,金罗斯是金罗斯金公司(Kinross Gold Corporation)(TSX: K)(NYSE: KGC)的全资子公司。
Riley Gold entered into an exploration and venture option agreement (the "Agreement") with Kinross on March 13, 2024. The Agreement grants Kinross the right to earn up to a 75% interest in Riley Gold's PWC project by spending a minimum of US$20 million (see news release dated March 14, 2024 for details). 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 is funding and operating PWC and has a strategic 9.9% (on a partially diluted basis) equity interest in the Company acquired through a private placement.
2024年3月13日,Riley Gold与Kinross签署了一份探测和冒险授权协议(“协议”)。该协议授予金罗斯权利通过最少花费2000万美元的方式赚取Riley Gold PWC项目的最高75%利益。(详见2024年3月14日新闻稿)。PWC位于内华达州兰德县,占地面积约为24.7平方公里,位于重要的产金地区Cortez District (Battle Mountain - Eureka Trend) 的中心位置。金罗斯正在PWC项目上进行资金支持和操作,并通过私募定向增发,持有公司的9.9% (按部分稀释基础计算)股权。
"We are excited to have partnered with Kinross and to have drilling underway at PWC. Technical meetings have identified exciting targets, based on geological and geophysical data interpretation, in areas that have never been drill tested. Having a partner with a proven track record of gold production from two mines in Nevada (Round Mountain and Bald Mountain) is extremely valuable from a technical and operational standpoint. Our PWC project is within the Cortez District that 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," commented Todd Hilditch, CEO of Riley Gold.
Riley Gold的首席执行官Todd Hilditch评论道:“我们很高兴与金罗斯合作,在PWC进行钻探。技术会议确定了令人兴奋的目标,这些目标基于地质和地球物理数据解释,而这些数据所在的区域以前从未受到过钻探的测试。与一家在内华达从两个矿山生产黄金的有着丰富黄金生产记录的合作伙伴,无论是从技术还是操作的角度来看都具有非常高的价值,而我们的PWC项目位于Cortez District,这里有着丰富的黄金生产历史和现有储备。PWC毗邻巴里克黄金公司(Barrick Gold Corp.)和纽曼矿业公司(Newmont Corporation)的Cortez/Pipeline综合体,它们在目前已有生产。
Technical Committee Formation - Mr. Paul Dobak Represents Riley Gold
技术委员会组建-保罗·多巴克代表Riley Gold
The PWC project technical committee is led by Kinross and includes members from both Kinross and Riley Gold. The appointed lead Riley Gold technical committee member is Mr. Paul Dobak, who joined the Company on April 4, 2024 (see press release dated April 8 for his bio) as a member of Riley's technical advisory committee. Mr. Dobak has a wealth of experience in the mineral exploration field, particularly within the Cortez Trend where the PWC project is located and where he was involved in the discovery of the Goldrush and Fourmile gold deposits as Chief Geologist - North America for Barrick Gold. Mr. Dobak has additional direct practical experience in Nevada's style of mineralization and deposits having held positions of increasing responsibility with Barrick for 25 years and senior positions with other major mining companies for 15 years prior to that.
PWC项目技术委员会由金罗斯领导,包括来自金罗斯和Riley Gold的成员。Riley Gold技术委员会的主要成员由保罗·多巴克先生担任,他于2024年4月4日加入公司(详见4月8日的新闻稿),担任Riley技术咨询委员会的成员。多巴克先生在矿产勘探领域拥有丰富的经验,特别是在PWC项目所在的Cortez Trend地区,他曾作为巴里克黄金公司北美首席地质师参与了Goldrush和Fourmile金矿床的发现。多巴克在巴里克公司任职了25年,在其他主要矿业公司的高级职位工作了15年,具有内华达州矿化风格和矿床的直接实践经验。
Recent Work, Drill Program and Cortez District Highlights
最近的工作、钻探计划和Cortez地区的亮点
Drilling will target previously untested favourable lower plate carbonate host rocks of the Wenban and Roberts Mountains Formations at explorable depths. The Wenban Formation is the primary host to all the >5.0-million-ounce gold deposits in the Cortez District. Geologic work completed by Riley Gold and Kinross since the PWC acquisition includes: surface geologic mapping, soil geochemistry and controlled-source audio-frequency magnetotelluric ("CSAMT") surveys. In addition, re-interpretation of historic drill hole, gravity, magnetic and CSAMT data has been completed and used for developing 2024 drill targets. The primary target is a large, disseminated gold deposit peripheral to the Gold Acres stock, which is the geologic setting for the NGM Pipeline gold deposit. Permitting for the initial work and drilling was submitted by Kinross to the Bureau of Land Management and approved.
钻探将针对以前未经过测试有利的下板岩碳酸盐岩宿主岩石,即温班和罗伯茨山形成地层的钻探。温班构造岩是Cortez District中所有超过5亿盎司黄金的矿床的主体宿主岩石。Riley Gold和Kinross自从收购PWC以来进行的地质工作包括:地表地质测绘、土壤地球化学和受控源声频磁电测深探查(CSAMT)。此外,历史钻孔、重力、磁性和CSAMt数据的重新解释已经完成,并用于制定2024年的钻探目标。主要目标是大规模的分散黄金矿石,位于Gold Acres股票的四周,这是NGm Pipeline金矿床的地质背景。金罗斯已向土地管理局提交了最初的工作和钻探许可,并获得批准。
About PWC:
关于PWC:
PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 24.7 square kms of unpatented mining claims and patented fee lands adjoining NGM. PWC is situated along the Cortez Structural Zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 1). The Cortez and Pipeline complexes (adjoining Riley's PWC project boundary) are top producers within Nevada, a State that has consistently produced between 4-5 million ounces of gold a year.
PWC对于Carlin型的分散和置换黄金矿床非常具有前景。PWC包括一块总面积约为24.7平方公里的土地包,其中包括未经专利的采矿权和差别制定的专利费用地,毗邻NGm。 PWC位于内华达州中北部的Battle Mountain - Eureka Trend中的Cortez Trend走廊,是一个极其富含黄金的产金区域。(请参见1号图)与Riley的PWC项目边界相邻的Cortez和Pipeline综合体是内华达州最大的黄金生产厂家。
Qualified Person
合格人士
This news release has been reviewed and approved by Richard DeLong, P.Geo., Director of Riley Gold and a 'qualified person', as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
本新闻稿已由Richard DeLong, P.Geo.,Riley Gold的董事和按43-101国家合法的人员进行了审查和批准。
About Riley Gold Corp.
关于Riley Gold Corp.
Riley Gold is an exploration and development company focused in Nevada, USA, with assets that include the Pipeline West/Clipper Gold Project located in the Battle Mountain Eureka Trend (within the Cortez District) and the Tokop Gold Project located within the Walker Lane Trend. Riley Gold's founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration, development, and production.
Riley Gold是一家专注于内华达州的勘探和开发公司,拥有一系列资产,包括位于Battle Mountain Eureka Trend(位于Cortez区)的Pipeline West/Clipper Gold项目和位于Walker Lane Trend的Tokop Gold项目。Riley Gold的创始人和管理团队在矿业生命周期的每个阶段:勘探、开发和生产中都有证明的股东价值最大化的记录。
FOR FURTHER INFORMATION, PLEASE CONTACT:
如需更多信息,请联系:
Todd Hilditch
Chief Executive Officer
Tel: (604) 443-3831
Todd Hilditch
电话:(604) 443-3831
首席执行官
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
tsxv的监管服务提供商(在其政策中定义该术语)对本公告的充分性或准确性不承担责任。
Cautionary statement regarding forward-looking information
关于前瞻性信息的警告声明
This press release contains statements which constitute "forward looking information" under applicable Canadian securities laws, including statements regarding plans, intentions, beliefs and current expectations of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking information. Although Riley Gold believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Riley Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties and the Company's future business activities may differ materially from those in the forward-looking information as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions and the ability to obtain the requisite approvals of the TSX Venture Exchange when necessary. Investors are cautioned that any such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties. Additional information on these and other factors that could affect Riley Gold operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website ().There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
本新闻稿包含“前瞻性信息”成立的声明,适用于适用的加拿大证券法律,包括关于公司计划、意图、信念和当前预期的声明。这些与Riley Gold或其管理层相关的词语,比如“可能”、“将”、“能够”、“将要”、“打算”、“计划”、“预期”和类似表述,旨在识别这些前瞻性信息。虽然Riley Gold认为这些前瞻性声明所反映的期望是合理的,但不应过分依赖它们,因为Riley Gold无法保证这些预期的结果是正确的。由于前瞻性声明涉及到未来事件和情况,它们本质上涉及到固有的风险和不确定性,而且公司未来的商业活动可能会由于各种因素与前瞻性信息中所述的不同,包括市场价格波动、公司经营的成功、资本和融资的持续可用性、总体经济、市场或营商状况以及必要时取得TSX Venture Exchange批准的能力。投资者应该注意到,任何前瞻性信息都不能保证未来的商业活动,并涉及风险和不确定性。这些和其他能影响Riley Gold运营和财务业绩的因素的更多信息都包含在加拿大证券监管机构的文件中,并可通过SEDAR网站()访问。公司无法保证此类信息将证明准确,因此读者应该依靠其自己的不确定性评估。除非根据适用的证券法律规定,在不必要时公司不会更新任何前瞻性信息。