Riedel Assets has notched up a string of beautiful gold hits from the final three holes of a 23-hole diamond drilling program at its Kingman gold undertaking in Arizona.
Main the cost is a 0.61m intercept peaking at 38.eight grams per tonne gold from solely 17.4m downhole. The headline intercept is housed in a 2.14m envelope working at 11.22 g/t gold and 48 g/t silver.
Different noteworthy outcomes embrace a 1.47m hit averaging 11.56 g/t gold, 101 g/t silver and 5.6 per cent lead from 24.08m that included a 0.55m high-grade intercept chiming in at 30.5 g/t gold, 222 g/t silver and 13.1 % lead.
After taking inventory of its maiden diamond probe, the corporate plunged a complete of 22 holes into the undertaking’s Tintic zone to higher outline the shallow, flat-lying high-grade poly-metallic shoots.
Of the 22 holes, 18 holes returned vital hits tracing out the mineralized envelope over a strike size of 600m that extends as much as widths of 150m.
Notably, 5 holes returned eye-catching intercepts over 30 g/t gold spear-headed by a 0.37m run coming in at a beneficiant 122.6 g/t gold from solely 67.4m downhole.
Drilling is but to search out the outer boundaries of the high-grade envelope at Tintic that is still open to each the north and south-west alongside strike.
A single diamond gap was additionally plugged into the close by Jim’s prospect, about 800m alongside strike from Tintic and was designed to additional check shallow mineralization on the neighboring deposit.
Riedel’s maiden diamond gap into Jim’s scored a 1.89m intercept averaging 1.95 g/t gold, 185 g/t silver and a couple of.eight per cent lead from 41.9m which included 0.22m grading 5.2 g/t gold, 173 g/t silver, 5.7 per cent cent lead and 1.7 per cent zinc.
Curiously, Riedel notes poly-metallic mineralization at Tintic and Jim’s share a number of distinct geological traits suggesting the 2 zones are linked, stretching the shallow mineralized pattern to roughly 2km lengthy.
Surprisingly, it isn’t the ‘plus 30 g/t gold’ assay ends in holes 018A and 018B that I’m enthusiastic about, as such high-grade outcomes from shallow depths are widespread from our drilling at Tintic. Relatively, it’s the geological interpretation and gold-silver-lead-zinc assay outcomes from Jim’s, that hyperlinks Jim’s to Tintic, and probably opens up an infinite alternative at our Kingman Mission in Arizona.
Riedel says it’ll now overview and mannequin the bundle of high-grade gold hits from its newest probe because it appears to roll the rig again in to undertake useful resource drilling at Tintic.
With new CEO – David Groombridge – on the helm, the Perth-based explorer is keen to fast-track the undertaking by the mineral useful resource and allowing phases because it steers in direction of a growth choice level.
The corporate believes the shallow, high-grade mineralization at Tintic lends itself to an open-pit mining technique.
A plethora of working gold mines and milling operations additionally exist inside a stone’s throw of Riedel’s Kingman tenement holdings offering doable entry to simple toll-treating choices.
Riedel’s bigger Kingman undertaking space was one thing of a mining hub for high-grade gold and silver from the 1880s till the early 1940s.
Valuable steel manufacturing was sourced from a quartet of mines not removed from the city of Chloride – Tintic, Merrimac, Arizona Magma and Jim’s, all of which fall inside Riedel’s Kingman tenement holdings.
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