Announcement Date: 2021-11-17
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Riedel Resources Ltd.
Project name: Kingman
Location: United States
Commodities: Gold,Silver
Highlight: Surface sampling results incl. 67.6g/t Au & 217g/t Ag
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Riedel Resources Limited (ASX:RIE, Riedel or the Company) is pleased to announce results of further surface sampling within the claim areas staked earlier this year at its Kingman Project in northeast Arizona, USA. Sampling achieved high-grade gold and silver assay results predominantly in the south-east part of the project area, including The project 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 1990s, 11 diamond holes were drilled on the property in late 2019 which intersected multiple zones of highgrade gold, silver and lead from shallow depths, confirming the extensive mineralisation potential of the area (refer Riedel ASX announcement dated 23 October 2020). In April 2021, Riedel completed a 5,000m RC drill program over several historic mine areas on the property, including at Tintic, Merrimac, Arizona Magma and Jim’s. This drilling returned numerous highgrade gold and silver assay results including 3.8m at 98.9g/t gold
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