Riedel Resources Limited (ASX:RIE) is preparing to commence a reverse circulation (RC) drill programme at its Kingman Gold Project in Arizona, in early June 2023.
Contract driller Harris Exploration is undertaking the programme as Riedel works towards a maiden Mineral Resource Estimate for the project by end of 2023.
Mineralisation at Tintic has already been defined over approximately 600m strike length with previous drilling returning high-grade intersections located close to surface.
“Outstanding results from our 2022 diamond drill programme at Kingman confirmed the position, orientation and character of the high-grade mineralization at Tintic which remains open in all directions, including an additional 900m of strike untested between Tintic and Jim’s,” CEO, David Groombridge, said.
“Our recent equity raising gives Riedel the opportunity to continue advancing the project and with Harris Exploration arriving in early June 2023 with its team’s highly valued technical experience, we are eagerly looking forward to proving and extending the high-grade mineralization at Tintic. A consistent flow of drilling results from the 7,000m programme will be returned over the next six months as we progress towards a maiden MRE by the end of 2023.
“Regional exploration targeting growth at the Project will ramp up through a ground magnetics survey in June-July 2023 which will advance our understanding of the geological model and assist with targeting new prospects for drilling.”
The Kingman Project is located in north-west Arizona, USA, approximately 90 minutes’ drive from downtown Las Vegas and within five km of a major highway,
The project area was mined predominantly for high-grade gold and silver from the 1880s until the early 1940s – which coincided with the outbreak of WWII. Following limited drilling near Tintic in the 1990’s, 11 diamond holes were drilled on the property in late 2019 which intersected multiple zones of high-grade gold, silver, and lead from shallow depths, confirming the extensive mineralization potential of the area announcement.
In 2021, Riedel completed over 9,000m of RC at Tintic with another 20 diamond holes in 2022.
For further information please visit: https://www.riedelresources.com.au/
