Riedel Resources Limited (ASX:RIE) has received new high-grade gold and silver assay results from a Q1 RC drill programme at its Kingman Project in Arizona.
The high-grade results above further add to the results achieved in numerous holes drilled in the 2022 programme and continue to demonstrate the shallow, high-grade nature of gold and silver mineralisation at Tintic.
“This final batch of assay results supports the high-grade mineralisation which has been achieved in every drill program at Tintic,” Chairman, Michael Bohm, said.
“The blanket of high-grade gold and silver sits just below the surface at Tintic, which means that drilling toward a future resource estimation and developing a conceptual mine plan, could be simple, cost effective and quick to achieve.
“Our drilling has delivered more than just a couple of high-grade hits. There are now 18 holes at Tintic that have returned assay grades of plus 10 g/t gold from shallow depths. Very few holes failed to intersect mineralisation.
“Additionally, there are several areas where mineralisation at Tintic has not been closed off. It is very notable that our early 2021 drilling at Jim’s, located 1km to the south-east, intersected 2.3m @ 2.3g/t gold, 146g/t silver, 4.3% zinc and 2% lead at shallow depth. If you then step out a further 4km to the south-east, there are historic workings which returned high-grade gold and silver assays from rockchip surface sampling in mid-2021. These extensive areas have never seen modern exploration.
“We will interpret the results received from the drill program and consider the next steps, which may include a small drill programme targeting the shallow high-grade mineralisation at Tintic next quarter.”
The mineralisation at Tintic appears to be contained within shallow, flat-dipping veins which comprise of varying amounts of quartz, clay and sulphide mineralisation. There are also indications of a stacked lode/sill complex in the drilling and assay results.
The shallow depth of the intersected mineralisation, including the significant gold and silver grades seen in drilling, lends itself to the future potential for open-pit mining methods.
For further information please visit: https://www.riedelresources.com.au
