Riedel Chairman Michael Bohm stated: “It is very satisfying to have completed our maiden drilling program on time, on budget and with a good site safety record. Our experienced team in the US has done great work and I commend them for their efforts and the results achieved. “Obviously, we have been somewhat focussed on the terrific high-grade assay grades initially announced from drilling at Tintic and Merrimac in March – it is not every day one gets to report 3.8m at 98.9g/t gold and 151 g/t silver¹. To now confirm the presence of polymetallic veins carrying significant gold, silver, lead and zinc assay grades at Jim’s is really pleasing. “The geophysical anomaly associated with the mineralization we see at Jim’s is at least 1.8km long and is entirely within our project footprint. These recent shallow assay results open-up a whole new target area of potential mineralisation - noting that we have no historic evidence of drilling ever occurring at the Jim’s mine. “We anticipate further drill hole assay results being received in May 2021. We now have numerous high-grade drill targets across the entire project area including at Tintic, Merrimac, Arizona-Magma and Jim’s. Our team will now collate and interpret the drilling results and formulate our next steps for follow-up during 2021.” ¹ - refer Riedel ASX announcement dated 23 March 2021. The Company confirms it is not aware of any new information or data that materially affects the information included in the announcements of 23 March 2021 or 23 October 2020. The drill program was Riedel’s first at Kingman, 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.
