Riedel Resources Limited announced drilling has been successfully completed on schedule at its Kingman Project in Arizona, USA. The 23-hole diamond drill program (for ~2,900ft of core sample), targeted the shallow high-grade areas of gold and silver mineralisation already reported at Tintic¹, with one hole drilled at Jim's, located approximately 800m to the south of Tintic. Riedel is cutting, logging and photographing core samples from drilling prior to dispatch to the assay laboratory.

The first batch of samples from four of the holes drilled has already been sent to the laboratory with first assay results anticipated in late January. Riedel will also use selected samples of the remaining drill core for metallurgical and environmental evaluation of the Tintic zone. The Kingman Project is located in north-west Arizona, USA, approximately 90 minutes' drive from downtown Las Vegas and within 5km of a major highway.

The Kingman Project was mined predominantly for high-grade gold and silver from the 1880s until the early 1940s - which coincided with the outbreak of WWII. Following limited drilling near Tintic in the 1990s, 11 diamond holes were drilled on the property in late 2019 which intersected multiple zones of high-grade gold, silver and lead from shallow depths, confirming the extensive mineralisation potential of the area. During 2021, Riedel completed 9,420m of RC drilling (104 holes) over several historic mine areas on the property, including at Tintic, Merrimac, Arizona-Magma (Plate 2) and Jim's. This drilling returned high-grade assay results including 3.8m at 98.9g/t gold and 151g/t silver from 20.6m at Tintic.

In addition, it confirmed a 1.8km long exploration target associated with the historic Jim's mine to host significant gold, silver, zinc and lead mineralisation as shallow as 1.5m below surface. The Kingman Project has seen minimal modern exploration. Riedel have undertaken three RC drill programs in 2021 and 2022, where it is looking to acquire up to an 80% interest in via its December 2020 Agreement with Flagstaff Minerals Limited and Flagstaff Minerals (USA) Inc.