Riedel Resources Limited announced its reverse circulation (RC) drill program at the Kingman Gold Project in Arizona, USA has commenced on schedule with contract driller Boart-Longyear undertaking the program, having completed both Riedel's RC programs in 2021. Subject to laboratory turnaround times, the Company anticipates receiving first drill assay results from this program in June 2022. Tintic is an area historically mined for silver and gold from 1880's to the 1940's but has seen little modern exploration.

The Kingman Project is located in north-west Arizona, USA, approximately 90 minutes' drive from downtown Las Vegas and within 5km of a major highway. The project area was mined predominantly for high-grade gold and silver from the 1880s until the early 1940s- which coincided with the outbreak of WWII. Following limited drilling near Tintic in the 1990's, 11 diamond holes were drilled on the property in late 2019 which intersected multiple zones of high-grade gold, silver and lead from shallow depths, confirming the extensive mineralization potential of the area (refer Riedel ASX announcement dated 23 October 2020).

In 2021, Riedel completed over 9,000m of RC drilling focused mainly at Tintic. This drilling returned numerous high-grade gold and silver assay results. Riedel is looking to acquire up to an 80% interest in via its December 2020 Agreement with Flagstaff Minerals Limited and Flagstaff Minerals (USA) Inc. (refer Riedel's ASX announcement dated 23 October 2020).