Riley Gold, Kinross Gold execute $20 million earn-in agreement

Riley Gold and Kinross Gold execute a $20 million earn-in agreement. Photo Riley Gold

New development Canadian miner Riley Gold Corp. has announced that the company has entered into an exploration and venture option agreement with Kinross Gold U.S.A., a subsidiary of Kinross Gold Corporation. 

The latest deal grants “Kinross the right to earn up to a 75% interest in Riley Gold’s Pipeline West/Clipper Gold Project … 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,” Riley Gold said in a statement.

“We are excited to partner with Kinross on our PWC Project.  Their global proven track record speaks for itself as well as specific regional expertise that includes ownership and operations of two gold mines in Nevada,” said Todd Hilditch, the CEO of Riley Gold.