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Riedel adds silver lining to Arizona gold project

Updated: Apr 19


Riedel Resources has discovered rock chips at its Calico prospect that returned results of up to 678 grams per tonne silver. Credit: File

Riedel Resources has identified a new target at its Kingman project in Arizona after rock-chip sampling confirmed high-grade silver at the company’s Calico prospect in the northern claims of the site.


Assay highlights show a peak result of 678 grams per tonne silver and 0.07g/t gold from a single sample at the new target, with a second also showing positive copper results with 58g/t silver and 1.13 per cent copper. Additional positive results include a third sample returning 58g/t silver, 0.27g/t gold and 0.11 per cent zinc, while a fourth rock chip showed 64g/t silver and 0.78 per cent copper.


Management says the Calico silver prospect is situated in the northern area of the current claim package and consists of several historical workings trending east-to-west and dipping sub-vertically.


The company is set to kick off a reconnaissance exploration program, including geological mapping and further rock-chip sampling, with a soil sampling campaign across the entire Kingman project scheduled for early next year.

I am thrilled to share the remarkable high-grade silver results from rock chip sampling at the Calico Silver prospect, which has uncovered a highly prospective new target area for the Company. The exceptionally high silver content discovered in these samples demonstrates the immense potential of the Kingman Project and that the mineral system is now demonstrably larger, with multiple high-grade mineralised trends that are untouched by modern exploration methods. Riedel Resources chief executive officer David Groombridge

The company says it remains on track to release a mineral resource estimate for Kingman next month, after assay results from infill drilling at its Tintic North prospect recorded impressive results including a 4.57m hit at 25.7g/t gold, 55g/t silver, 1.29 per cent lead and 0.73 per cent zinc from just 11.43m.


Management believes its Tintic target is the biggest gold zone in the Kingman operation and has been defined to 700m long and up to 250m in width, with most mineralisation within 60m of the surface. Previous drilling returned impressive shallow results including a 3.8m hit at a whopping 98.9g/t gold and 151g/t silver from just 20.6m.


Kingman sits about 90 minutes south of the gambling mecca that is Las Vegas, in an area mined for high-grade gold and silver from the 1880s until the onset of World War II. However, it has experienced only limited exploration and drilling since – some in the 1990s and some three years ago when 11 diamond drillholes intersected high-grade zones of gold, silver and lead from shallow depths.


Riedel picked up the project through an earn-in agreement with Flagstaff USA in October 2020. It almost immediately got to work by drilling 104 reverse-circulation (RC) holes in 2021 at the Tintic, Merrimac, Arizona Magma and Jim’s historic mines.


Geologically, Kingman lies on the south-eastern extensions of the fertile Walker Lane gold trend that runs along Nevada’s southern border with California and sits parallel to the famed Carlin and Battle Mountain gold trends further to the north.


Riedel is already working on narrowing in on targets at its new Calico prospect, with drilling expected to kick off in the new year. It will be no doubt a more educated punt than many of those taken just up the road along the famed Las Vegas Boulevarde.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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