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Riedel Resources readies for gold and copper drilling north east of DeGrussa
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Sunday, 14 Oct 2012
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Riedel Resources is a step closer to drilling its Marymia copper/gold project, 55 kilometres North East of Sandfire Resources' DeGrussa copper and gold mine in Western Australia.

Riedel will test seven targets prospective for copper and base metals and gold with over 6,000 meters of RAB aircore drilling. A previous significant drill intersection included a target which returned a drilling intercept of 5 meters at 4.87 gram per tonne gold from 239 meters depth.

Marymia is also handily located 12 kilometers east of Sipa Resources Thaduna copper prospect and 12 kilometers east north east of Ventnor Resources' Green Dragon and Thaduna copper deposits in Western Australia’s Mid West region.

Riedel completed a review of 28 copper, gold, base metals and nickel targets which were identified from the results of geochemical soil sampling combined with the results of previous drilling, geophysical surveys and geological mapping.

The targets selected for this first pass drilling program were ranked as having the highest potential for the discovery of economic copper, gold and base metals mineralization by means of cost effective shallow RAB and aircore drilling. These key targets have yet to be tested by drilling, or have not been adequately tested by drilling.

Marymia Project covers an area of more than 425 square kilometers in the highly prospective Doolgunna-Thaduna region of the Proterozoic volcano sedimentary Bryah and Yerrida Basins and Archaean Baumgarten Greenstone Belt in the Marymia Inlier.

Kick off date for drilling is governed by the completion of the requisite Heritage surveys. This work is advanced with planning for survey work is expected to be implemented and completed by the end of October 2012.

Source - Proactiveinvestors.com

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