Riedel's drilling program targeted areas of historic gold and silver mineralisation where high grades of gold and silver were mined in the late 1800s and early 1900s and where diamond drilling in late 2019 intersected multiple high-grade veins.
Drilling contractor Boart-Longyear completed 56 RC holes for a total of 5,230m drilled during the program. Assay results from 17 holes are reported herein, bringing holes reported to date to 38 holes. Remaining results from last 18 holes are expected next month.
In addition to the very high-grade assays reported on
Latest assay results include: 2.3m @ 2.31 g/t gold, 146 g/t silver, 4.3% zinc & 2.0% lead from 42.7m (hole 2021-CHL020C at Jim's)
2.3m @ 1.26 g/t gold, 33.7 g/t silver & 1.2% lead from 1.5m (hole 2021-CHL-019 at Jim's)
3m @ 2.14 g/t gold & 27.9 g/t silver from 29.7m (hole 2021-CHL-043 at Arizona-Magma)
1.5m @ 2.56 g/t gold, 9.6 g/t silver & 0.3% zinc from 45.7m (2021-CHL-45 at Arizona-Magma)
Riedel Chairman
'Obviously, we have been somewhat focussed on the terrific high-grade assay grades initially announced from drilling at Tintic and Merrimac in March - it is not every day one gets to report 3.8m at 98.9g/t gold and 151 g/t silver-1. To now confirm the presence of polymetallic veins carrying significant gold, silver, lead and zinc assay grades at Jim's is really pleasing.
'The geophysical anomaly associated with the mineralization we see at Jim's is at least 1.8km long and is entirely within our project footprint. These recent shallow assay results open-up a whole new target area of potential mineralisation - noting that we have no historic evidence of drilling ever occurring at the Jim's mine.
'We anticipate further drill hole assay results being received in
The drill program was Riedel's first at Kingman, where it is looking to acquire up to an 80% interest in via its
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Email: admin@riedelresources.com.au
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