Riedel encounters further shallow ‘high-grade’ gold and silver mineralisation Kingman Project

Riedel encounters further shallow ‘high-grade’ gold and silver mineralisation Kingman Project

Emerging mineral exploration company Riedel Resources (ASX:RIE) has encountered further shallow ‘high-grade’ gold and silver results following a diamond drilling (DD) program at its Kingman Gold Project in Arizona, US.

The results, generated by 23 drillholes completed in late 2022, have returned gold (Au) grades up to 51.1g/t Au from within the project’s Tintic zone. This shallow, flat lying mineralisation at Tintic continues to return the very ‘high-grades’ from shallow depths, and follow on from previously announced ‘outstanding’ assays from drilling at Tintic, which returned gold grades up to 130g/t Au.

The company says the Tintic zone is about 600m in length and up to 200m in width. This zone also demonstrates potential for the continuation of the shallow mineralised zone.

The high-grade mineralisation appears very close to surface at Tintic”

Key intercepts include hole 2022-KNG-018C with 2.16m @ 8g/t Au and 29g/t silver (Ag) from 19.05m including 0.3m @ 51.1g/t Au, 134g/t Ag and 6.3% lead (Pb) from 19.51m, and 2.13m @ 16.7g/t Au, 88g/t Ag and 4.7% Pb from 12.5m including 1.46m @ 23.1g/t Au, 120g/t Ag and 6.5% Pb from 12.8m.

Assays from the remaining 3 drillholes are expected to be returned by the end of February.

Commenting on the results, Riedel Resources Chairman Michael Bohm said: “These assay results continue the trend seen at Tintic, delivering exceptional gold grades from very shallow depths. The high-grade mineralisation appears very close to surface at Tintic.

We now have extensive diamond drill coverage over most of the strike extent of Tintic. The shallow high-grade gold, silver and lead drill assays results over a large area are most encouraging.

I look forward to reporting the final batch of results later this month.”

The company also notes these ‘high-grade’ results were encountered at an average depth of less than 20m below surface.

Riedel Resources is an ASX-listed company working to advance the historic ‘high-grade’ Kingman project in northwest Arizona. The project is situated about 90 minutes drive from downtown Las Vegas and within 5km of a major highway.

This tenement was mined predominantly for ‘high-grade gold and silver from the 1880s until the early 1940s, before operations reignited in the 1990s and in late 2019, which intersected multiple zones of ‘high-grade’ gold, silver and lead from shallow depths.

Images: Riedel Resources Ltd
Author Image
Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.