Kinross Gold (KGC) Initiates 2025 Drill Program at Riley Gold's PWC Gold Project

Kinross Gold Corporation (NYSE:KGC) is one of the best high growth stocks. At the end of May, Riley Gold Corp announced that its 2025 drilling program had officially started at the Pipeline West/Clipper Gold Project (PWC), which is being run by Kinross Gold U.S.A., a subsidiary of Kinross Gold Corporation.

A detailed geological study was done to guide new drilling near past major gold finds in the Cortez District. The new drilling sites are being placed about 2.5 km northwest of an earlier 2024 drill hole, aiming toward areas where soil tests showed high gold levels. The goal is to find a large gold deposit in a similar location to another well-known gold site nearby.

Kinross plans to collect more soil samples in 2025 to build on Riley Gold’s 2023 survey. That earlier survey found signs of gold in the soil over a 3 km area, along with other elements that usually appear near certain types of gold deposits. This new sampling will help explore a larger area for potential gold.

On March 13, 2024, Riley Gold made a deal with Kinross that gives Kinross the chance to own up to 75% of Riley Gold’s PWC project if it invests at least $20 million. The PWC project is in a well-known gold-rich area in Nevada. Kinross is paying for and running the project and also owns about 10% of Riley Gold through a separate investment.

Kinross Gold Corporation (NYSE:KGC) is a mining company engaged in the acquisition, exploration, and development of gold assets across the United States, Brazil, Chile, Canada, and Mauritania.

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