• High-grade, shallow gold consistently intersected at Tintic North
  • Mineralisation now extends 700m and drilling is continuing at Tintic for another 20-30 holes
  • Maiden MRE expected by the end of 2023

 

Drilling at Tintic continues to hit eyewatering grades close to surface – including a highlight 4.57m @ 25.7 g/t gold, plus silver, lead and zinc credits — ahead of a highly anticipated maiden resource.

Tintic is the largest gold zone within Riedel Resources’ (ASX:RIE) Kingman project near Las Vegas, a historical gold-silver mining area between the 1880’s and 1940s.

Limited modern exploration was undertaken until 2019, when 11 diamond holes hit multiple zones of high-grade gold, silver, and lead from shallow depths.

In 2021, Riedel completed more than 9,000m of RC at Tintic with another 20 diamond holes in 2022. The company is now targeting a maiden resource before year-end.

In May, Former geologist and experienced stockbroker Guy Le Page was hopeful of a near surface (less than 20-30m deep) resource over 300Koz of +5g/t gold “which will make for a fairly easy open pit mining scenario with processing options within a 50km radius”.

Impressive, but this was based on a strike length of 600m. Mineralisation at Tintic now extends to 700m long and up to 250m in width with most mineralisation within 60m of surface.

 

Improving confidence in Tintic

The current infill drill program at Tintic North, designed to increase confidence in the maiden resource, is consistently intersecting high grade gold mineralisation close to surface.

Results include:

  • 05m @ 5.97 g/t Au, 8.6 g/t Ag, 0.14% Pb, 0.11% Zn from 0m;
  • 57m @ 25.72 g/t Au, 55.14 g/t Ag, 1.29% Pb, 0.73% Zn from 11.43m;
  • 28m @ 2.46 g/t Au, 257 g/t Ag, 0.17 % Pb, 0.08% Zn from 63.25m; and
  • 04m @ 3.78 g/t Au, 171 g/t Ag, 3.75 % Pb, 0.71 % Zn from 44.2m.

50 holes for 4,000m of the planned 7,000m program have been drilled to date, with assays received for 31 holes so far

 

A map of the latest round of infill drilling at Tintic North. Pic supplied (RIE).

 

“The infill program at Tintic continues to demonstrate high-grade gold and silver intervals from surface,” Riedel CEO David Groombridge says.

“The thing that continues to impress me at Tintic is this now very broad zone of gold-silver mineralisation with numerous high-grade drill intercepts achieved over the last couple of years, such as 4.57m @ 25.7g/t Au, 1.5m @ 39.4g/t Au, 3.8m @ 18.1g/t Au, 3.8m @ 98g/t Au and 1.5m @ 35.6g/t Au – with nearly all of it located within 60m of surface.

“Drilling continues to progress on site at Kingman as we look to target our mineral resource estimate before year-end. We’ll continue to update the market with assays as they come to hand.”

 

Further plans

With Phase 1 results at Tintin North confirming mineralisation, and assay results pending for Tintic South due next month, Riedel will  focus its attention on Phase 2 infill followed by extensions to Tintic and regional targets, with an additional 20-30 holes targeted.

“As we move into Q3 2023, our efforts have advanced to the southern region of Tintic for further infill and extensional drilling,” Groombridge says.

“We have a strong pipeline of quality prospects at our Kingman project that will be drilled during the quarter that are anticipated to drive growth, including the Tintic to Jim’s structural trend.

“Permitting baseline studies for Flora and Fauna have been completed with cultural surveys commencing in early August,” Groombridge added.

Riedel is currently reviewing processing plant treatment options in the region and the maiden MRE for Kingman is anticipated by the end of 2023.

 

This article was developed in collaboration with Riedel Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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