Riedel Resources Limited · ASX:RIE
Riedel Resources — Investor Presentation (January 2021)
20 slides from Riedel Resources's investor presentation, January 2021
Slide 1: Kingman Project: High-grade Gold in Arizona
Kingman Project High-grade Gold in Arizona C O R P O R AT E P R E S E N TAT I O N | January 2021 | ASX: RIE
Slide 2: Disclaimer
DISCLAIMER Cautionary Statements, Disclaimers & Forward Looking Statements This presentation (Presentation) has been prepared by Riedel Resources Limited (Riedel or the Company) based on information available to it from its own and third party sources and is not a disclosure document. By retaining t
Slide 3: Kingman Project: A Proven and Historic Mining Centre
KINGMAN PROJECT A PROVEN AND HISTORIC MINING CENTRE • Project located near Kingman, Arizona Las Vegas • Only 140 km’s from Las Vegas Kingman Project • Numerous historic mines & little modern exploration • Mined from 1880’s to 1940’s (coinciding with the onset of WW2) • Drilling in 1990’s within Proj
Slide 4: The best place to look for gold is in the shadow of the headframe
THE SUMMER OF 1937 THE BEST PLACE TO LOOK FOR GOLD - IS IN THE SHADOW OF THE HEADFRAME! Old ore bin 2019 (above) and as seen in 1937 (left) 4
Slide 5: Arizona-Magma Mine (aka Diana Mine)
ARIZONA-MAGMA MINE (AKA DIANA MINE) c. 1937 Historic underground mine sampling @ Arizona-Magma (Diana) Mine - 1880’s to 1942: • Samples from the 200ft and 300ft levels at Arizona-Magma (Diana) Mine (circa 1888) • Average mined vein width 1.5m (minimum 0.5m & maximum 2.1m) • Average gold grade ~23g/t
Slide 6: Significant Historic Mining Centre
SIGNIFICANT HISTORIC MINING CENTRE c. 1937 Historic underground mine sampling @ Arizona-Magma (Diana) Mine - 1880’s to 1942: • Samples from the 200ft and 300ft levels at Arizona-Magma (Diana) Mine (circa 1888) • Average mined vein width 1.5m (minimum 0.5m & maximum 2.1m) • Average gold grade ~23g/t
Slide 7: Large Project Footprint, Numerous Historic Mines
LARGE PROJECT FOOTPRINT NUMEROUS HISTORIC MINES Chloride Arizona-Magma Tintic Tennessee Mine – 1,400ft Zn/Pb/Au/Ag Kingman Project Jim’s Mine Mineral Park Mine Large copper-moly mine Interstate 3km Emerald Isle Mine 7
Slide 8: Geophysics Works
GEOPHYSICS WORKS N O T E T H E C O R R E L AT I O N W I T H H I S T O R I C M I N E S Cynthia Windmill Mine Mine Starlight Mine Arizona-Magma (Diana) Mine Helen May Mine Merrimac Mine Jackpot Mine Tintic Mine Refer ASX announcement 12 November 2020 Jim’s Mine 8
Slide 9: Geochemistry: Surface Sampling
GEOCHEMISTRY S U R FA C E S A M P L I N G – E X T E N S I V E H I G H - G R A D E F O OT P R I N T • Pervasive high-grade results 2018-20 • Adjacent to historic workings • Along strike from historic workings • In multiple new areas • Remember – almost no modern exploration Refer ASX announcement 12
Slide 10: Diamond Drilling Q4 2019
DIAMOND DRILLING - Q4 2019 M U LT I P L E H I G H - G R A D E G O L D I N T E R C E P T S Results include (ref ASX announcement 23 October 2020): • Hole 2 (Tintic) - 0.15m @ 26.9g/t Au, 449g/t Ag, 17% Pb & 2.7% Cu from 39.6m • Hole 2 (Tintic) – 1.5m @ 21.5gt Au, 89g/t Ag & 1.8% Pb from 47.2m • Hole
Slide 11: Geophysics 2020: Merrimac Mine
GEOPHYSICS 2020 J U LY 2 0 2 0 Merrimac Mine • 2019 diamond drilling reported 1.5m @ 3.4g/t Au and 56g/t Ag (only hole ever drilled at Merrimac) Merrimac Shaft location Arizona-Magma Merrimac Starlight Refer ASX announcement 12 November 2020 11
Slide 12: Geophysics 2020: Helen May Mine area
GEOPHYSICS 2020 J U LY 2 0 2 0 Helen May Mine area – located ~300m East along strike from Arizona-Magma mine • This low-cost geophysical technique appears to be very successful in lighting-up known veins Refer ASX announcement 12 November 2020 12
Slide 13: Arizona-Magma Mine: Shaft, Ore Bin, Plant Site and Tailings
ARIZONA-MAGMA MINE (AKA DIANA MINE) S H A F T, O R E B I N , H I S T O R I C P L A N T S I T E & TA I L I N G S 13
Slide 14: Merrimac Mine Shaft
MERRIMAC MINE SHAFT 14
Slide 15: Geological Observations
G E O L O G I C A L O B S E R VAT I O N S • Target is a buried mineral system with ground magnetics pointing to significant structures beneath shallow cover with potentially extensive strike lengths • Drilling encountered well developed high-grade veining at the Tintic, Merrimac and Arizona-Magma Mi
Slide 16: Infrastructure
INFRASTRUCTURE • 30 km’s from Kingman (pop. ~30,000) • 90 minutes drive from downtown Las Vegas • 3 km’s from Interstate Highway • Sealed road/powerline runs through property • Large local workforce all within 30 minutes drive • Permitted Gold Mines operating in the region Kingman Office 16
Slide 17: 2021 Drill Program
2021 DRILL PROGRAM • 5,000m R/C Drill Program scheduled to commence by 31 January • Drill permit application lodged with Bureau of Land Management BLM) • Contract signed with Boart-Longyear • Focus on: Arizona-Magma Merrimac Tintic Jim’s • Opportunity to quickly build on early drill success
Slide 18: The Team
THE TEAM Michael Bohm – A Mining Engineer by training, Mike has held board positions on ASX and TSX listed companies including ASX100 companies and is currently a director of 200,000oz pa gold producer Ramelius Resources and nickel developer Mincor Resources. He as worked in the USA, Canada, Chile,
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS (REFER ASX ANNOUNCEMENT 23 OCTOBER 2020) Exciting Gold-Silver Multiple high-grade Large strategic Almost no exploration project with high grades veins open along strike landholding with under cover – many confirmed by drilling and at depth year-round access in areas NEVER teste
Slide 20: Board and Contact
Board: • Michael Bohm – Chairman • Grant Mooney • Scott Cuomo Contact: Michael Bohm Phone: +61 403 734 138 [email protected] 4/6 Richardson Street West Perth Western Australia 6005 Phone: +61 8 9226 0866 [email protected] www.riedelresources.com.au
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