Riedel Resources (ASX:RIE) announced high-grade gold and silver assay results from its latest drilling program at the Kingman Project in Arizona.
A standout discovery from the recent campaign includes a massive quartz-sulphide vein, approximately 30cm in width, which returned grades of 71.9 g/t gold (Au) and 92.5 g/t silver (Ag) from a depth of 19.2m.
Detailed geological analysis of the drill core reveals that the oxidation of sulphides into goethite, limonite, and hematite has effectively preserved native gold as ragged or leafy grains.
The gold particles are closely associated with iron-oxide minerals, a characteristic that often indicates favourable processing qualities.
The visual confirmation of visible gold within the core samples, coupled with these robust assay values, reinforces the potential for a high-grade shallow resource at Kingman.
Riedel’s technical team noted that the presence of native gold within the oxidised zones suggests a primary mineralisation style that remains open at depth and along strike.
With the results in hand, the company is now prioritising the modelling of these high-grade zones to refine future drilling targets.
At the time of reporting, Riedel Resources' share price was $0.035.