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Riedel Resources Limited (ASX:RIE)

ALERT: Price-sensitive ASX Announcement for RIE
Current share price for RIE : $0.019 -0.015 (-44.12%)+
Announcement
Release
14 Nov 2025 9:11AM
Price at Release
$0.034
Full Release
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Summary
Riedel Resources Limited has engaged Energold Drilling Corp to execute a 1,100m diamond drilling program at the Kingman Gold Project in Arizona. The drilling will focus on obtaining metallurgical samples for heap leach test work and infilling shallow high-grade areas at the Tintic Deposit. The program aims to explore extensions of known gold and silver mineralization and to test additional high-priority targets, with the goal of delineating future resource growth. Mobilization is set to begin in mid to late November 2025. The current JORC Mineral Resource Estimate at the Kingman Project includes high-grade, shallow oxide resources suitable for open-pit mining. The announcement marks an important milestone in advancing the project, which has transformed from an underexplored area to one with a clear resource base.
Key Points
  • Energold Drilling Corp contracted for 1,100m diamond drilling at Kingman Gold Project.
  • Drilling aims to extend known mineralization at Tintic Deposit and test new targets.
  • Mobilization scheduled for mid-late November 2025.
  • Focus on obtaining metallurgical samples for heap leach tests.
  • Current JORC resource estimate: 494,000t at 4.0 g/t Au and 43.9 g/t Ag.
  • Riedel Resources aims to build momentum towards project development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.