- Riedel Resources (RIE) is gearing up to commence the reverse circulation drilling program at the Kingman Gold project in Arizona
- The drill rig is on its way to the project and is expected to arrive on the site next week, with drilling commencing on September 18
- The first drill results from this upcoming program are expected mid-November
- On the market, Riedel is in the grey and trading at 1.4 cents per share
Riedel Resources (RIE) is in final preparation for its reverse circulation drilling program at the Kingman Gold project in Arizona.
The drilling comes after recently receiving a drilling permit for the area.
Boart-Longyear is supplying the rig, which will move to the site next week, with drilling commencing around September 18.
Drilling will be focused on the Tintic area, where Riedel achieved numerous high-grade gold and silver drill results earlier this year.
The first drill results from this upcoming program is expected mid-November.
Chairman Michael Bohm is excited to start this drilling program at the project.
“It is exciting that we will be commencing drilling at Kingman in the coming days, following up the near surface high grades we achieved in our last drill program at Tintic,” he said.
“Subject to laboratory turnaround times, we anticipate receiving first drill assay results from the program in mid-November 2021,” he added.
On the market, Riedel was in the grey and trading at 1.4 cents per share at 11:33 am AEST.