00:00Welcome to The Watchlist, I'm Lindsay Melchuk.
00:08Kinross Gold now has officially commenced their 2025 drill program at Riley Gold's PWC
00:15Gold project.
00:16Now that's no small news, and here with us right in the studio to peel that back further
00:21is Todd Hillich, CEO of Riley Gold.
00:23Welcome, it's so nice having you.
00:25Thank you for having me.
00:26I want to kick right into this because I know that we don't have much time.
00:29You know, I want to know about your work with the PWC Gold project in Nevada and really
00:34what that partnership is with Kinross.
00:36Sure.
00:37No, we're ecstatic to have Kinross as a partner.
00:39They're amazing technically, they're amazing people.
00:42They're the 8th largest gold producer in the world, produce over a couple million ounces,
00:47so technically they know what they're doing.
00:49And for a junior company, for us, it's great to have them as a partner.
00:54Our agreement is $20 million US to earn into 75% of our project at PWC.
01:01Now, interestingly enough, with the currency, that's $27 million Canadian and we have a market
01:06cap of only $5 and change million dollars.
01:10So that's a pretty big delta.
01:12They're spending five to six times more in spending than is our market cap.
01:17Are we undervalued?
01:18I'd like to think so.
01:19You know, all points to those things for sure and to have a partner like that, I mean,
01:24that is definitely a good partnership to have.
01:26So, you know, with that 2025 drilling program that is underway now, what are the exploration
01:31plans as well?
01:33What are you really actually hoping to achieve?
01:35Yeah, it's a great question and it's kind of multi-layered, but obviously discovery.
01:40We're in a district that has up to 50 million ounces of gold production and current reserves
01:47next door with NGM, with the pipeline and Cortez projects.
01:52So we're in the right district.
01:55And the work that we've done prior to Kinross getting involved included geophysics, including
02:00mapping, including sampling, including a soil geochemistry survey that really popped.
02:08So this particular drill program is following up on last year's drill hole.
02:14And there were a 2.8-kilometer step-out, framework step-out, and we're drilling the highest grade
02:19area of known soil geochemistry.
02:22So we think we're in the right spot.
02:25Truth Serum will be in the drill rig, which is underway now.
02:28So we're excited about it.
02:29Yeah, that is definitely something to be excited about.
02:31Thank you so much for joining us.
02:32I know it was quick and to the point, but definitely full of information.
02:37And that was Todd Hilditch, CEO of Riley Gold.
02:40Now head over to their website at RileyGoldCorp.com for more information.
02:46I'm Lindsay Melchuk with Stockhouse Publishing.
02:48We'll see you next time.
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