Drilling Results confirms 1.8km anomaly - Riedel Resources Limited (ASX:RIE)
Rooster Talk 35 with Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE) is all about extending the potential of their exploration reach.
The current announcement that was released on the 19th April 2021 is a clear sign that the mineralisation in the Kingman project is not localised. As described by the company, this shows that the 1.8km anomaly exists and there are exciting times ahead of us.
With the current exploration results, I am convinced that with careful management of exploration funds, there is an interesting mineralising system here to be discovered.
Since the previous chat with Michael Bohm on Kingman and New World Resources Limited (ASX: NWC) about the Antler Project, I am now fairly bullish on this region. Both projects have great results and the polymetallic nature is encouraging.
In this Rooster Talk with Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE), Michael talks to us about the recent drilling results from the Kingman Project.
Michael shares his insights on how this mineralising environment has historical results and adjacent projects that have been mined historically.
01:20 What the company make of the results.
02:36 Could this be a VMS?
04:25 Market Reaction
05:53 Why Jims is an "Interesting" project.
07:22 Numerous Drill Targets at Kingman.
08:25 Revealing the 18km Anomaly
09:39 News coming up
10:38 The Riedel Team
13:18 Cooking Spot for Mineralisation
13: 42 Conclusion
About Michael Bohm
BAppSc (Mining Engineering)
Appointed: 12 December 2020
Mr. Bohm is a qualified mining professional with extensive Corporate & Operations experience. Michael has extensive minerals industry experience in Australia, South East Asia, Africa, Chile, Canada and Europe.
A graduate of WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director and has been directly involved in a number of mine developments in the gold, nickel and diamond sectors.
Michael is a current Director of a number of ASX-listed companies and sits on their Audit & Risk and Remuneration Committees.
Michael has had previous directorships at Argyle Diamonds Mines, Sally Malay Mining Limited and Ashton Mining of Canada.
About Riedel Resources
Riedel Resources (ASX:RIE) is an ASX-listed mineral exploration company earning into an advanced high-grade gold exploration project in north-west Arizona.
The Kingman Project comprises approximately 200 contiguous mining claims located approximately 30km from the town of Kingman Arizona.
The area was mined for high-grade gold and silver from the 1880’s to the early 1940’s and since then very little modern exploration has ever been carried out on the property.
The Riedel board has extensive experience in minerals and mineral exploration in Australia, the US and Canada, amongst others.
Kingman Gold Project
The Kingman Gold Project is located near Kingman Arizona and only 90 minutes drive from downtown Las Vegas.
The project was mined for high grade gold and silver from the 1880’s until the early 1940’s which coincided with the outbreak of WWII.
Following drilling in the 1990’s, 11 diamond holes were drilled on the property in late 2019 and which intersected multiple zones of high grade gold, silver and lead from shallow depths and confirmed the extensive mineralisation potential of the area.
Riedel plans to aggressively drill and explore the project area during 2021.
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VMS (Volcanogenic Massive Sulfide) Deposits Explained
In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment.
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