Riedel Resources Limited announced its reverse circulation (RC) drill program at the Kingman Gold Project in Arizona, has been completed on time and on budget. The drill program focussed on the Tintic mine area, where two programs of RC drilling during 2021 confirmed multiple high-grade gold and silver intersections close to surface. Boart-Longyear drilling contractors completed 37 holes for 2,286m (~7,500 feet) in the latest program, with depths typically ranging from 25m to 110m downhole depth (~20m to ~80m below surface).

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 and Jim's. This drilling returned numerous high-grade gold and silver 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 mineralization as shallow as 1.5m below surface.