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Riley Resources Corp ( (TSE:RLYG) ) has shared an announcement.
Riley Gold Corp announced an exploration update for its Pipeline West/Clipper Gold Project in Nevada, operated by Kinross Gold U.S.A. under an exploration earn-in agreement. The initial drilling by Kinross successfully identified promising geological structures indicative of gold deposits similar to large local discoveries. The results, including the presence of Carlin-type geochemistry, have informed plans for further drilling in 2025. This progress enhances Riley Gold’s strategic positioning in the region, potentially impacting stakeholders by increasing the project’s value and likelihood of significant gold discoveries.
More about Riley Resources Corp
Riley Gold Corp is involved in the gold mining industry, focusing on exploration projects in the Cortez mining district of Nevada. The company engages in exploratory activities to identify potential gold deposits, collaborating with experienced partners like Kinross Gold to leverage technical expertise and enhance their mining operations.
YTD Price Performance: -3.85%
Average Trading Volume: 10,790
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.24M
For an in-depth examination of RLYG stock, go to TipRanks’ Stock Analysis page.