Riedel Resources Limited (ASX:RIE)
Riedel Resources Limited (ASX:RIE) is an exploration company focused on the exploration for gold, silver and base metals in Australia and Arizona, USA.
Kingman Gold Project
The Kingman Project in North West Arizona, USA, covers an area of historic gold-silver-lead-zinc mines that were in production from the 1880s through to the early 1940s. Diamond drilling in late 2019 confirmed the high grades seen in historic mining.
RC drilling in early 2021 hits extensive gold, silver, zinc and lead mineralisation including 3.8m at 98.9 g/t gold and 151 g/t silver from 20.6m at Tintic and 4.6m at 8.39g/t gold from 100.6m at Merrimac.
Further drilling subsequently confirmed gold, silver, zinc and lead mineralisation in multiple veins at Jims.