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great RNS. Confirmation of priority follow up drilling. The size of he prize should should bring a few to the table. risk/reward is bonkers.
"potential to host zinc similar in style and scale to Glencore's Pallas Green." (45mt)
"At Carrickittle West, the Company's drilling this summer intercepted a large and prospective fault structure within the Limerick Volcanic Complex, strongly corroborating management's view that this prospect has potential to host zinc mineralization similar in style and scale to Glencore's nearby Pallas Green deposit1. Follow-up drilling at this prospect could have significant positive implications in confirming the potential for large scale mineralized system."
GL.
Here is the group eleven news release just published which explains this extra drill hole in the wider context of their overall upcoming exploration program:
https://ceo.ca/@newswire/group-eleven-announces-plans-for-near-term-follow-up
Yes, very interesting! Can't wait for the results....
Great news they want to drill an extra hole!
Sounds to me they are very very confident of hitting the sweet spot and exceeding Glencore's Pallas Green deposit!
GL.
ZINC - the large fault system discovered earlier this year at Stonepark
I'm keen to hear more on ( as G11 and ARK put it ) 'priority' drilling .
The concern is the holes might be drilled by end of year, but, will the early results be sandbagged til final result is in? Releasing as a project instead of individual?
It has happened before, I don't have much faith in JT at the best of times but even I know this isn't on him. We are the minority partner, all we can do is swing on the coat tails and hope we do don't drift further waiting without other asset news.
Granted, I think we are all her for Irish Zinc more than the other dilutions requirements haha
Article in todays irish Sunday independent newspaper.
"Limerick drill op shows signs of large zinc system. "
continues...
The article is available on ARK telegram group.
My take. validates G11. they know where to drill.
As we know earlier this year G11 and Ark reported a large fault system discovery that was highly prospective and could eclipse Glencores large Pallas green deposit of 45mt.
for clarity i should have added we have the same % interest in the remaining two stone park holes, its just that they wont be drilled till later this year. i am just hopeful we get news after the first drill. glta
lets hope there's good news after the next drill, which is the one we have a 24% interest in. totally aggree re glencore. glta
* Not last hole now commencing. Should read *LATEST hole now commencing.
RNS confirms all current Stonepark drilling will be done by yr end. Last hole now commencing.
Whatever the result June’s news was stellar, MAJOR fault discovered ( possibly bigger than Pallas green at 45mt). Both G11 and ARK confirmed there will be priority follow up drilling.
Exciting times ahead
Cliveas, don't forget that Glencore own 26% of G11 so will know exactly what is happening at Stonepark...
Buying our share of Stonepark (or the whole company!) would be petty cash for Glencore. From memory they returned $4BILLION to shareholders earlier this year after record profits. We will see what unfolds after the completion of the latest drilling by Group 11
Surely Glencore have got their eye on the prize?
GL.
OUR VISION
'Our vision is for Arkle Resources to be regarded as the leading junior gold and base metals explorer in Ireland, as a preferred investment and as a preferred joint venture partner.'
Wouldn't be surprised if we see a few 'bargain hunters' buying at these levels (would do myself it I had liquid funds!) now that the final (3 hole) drilling programme at Stonepark is underway. Fingers crossed that G11 publish some more positive results.....
The latest tweet made me laugh. It talks about the company being established in 2004 by Teeling & Finn and that the 'focus is on creating shareholder value through gold & zinc exploration & resource development in Ireland'
I didn't know they were comedians as well....
What is the current mcap?.....less than £2M after 18 years!
Another tweet today...
WHY IRELAND?
*Ireland is one of the most prospective countries for zinc & produces 25% of Europe’s total production.
*The country has a 60 year history of zinc mining & has attracted major zinc producers such as Boliden & Glencore.
Yes agreed. Why it’s so off the radar I dunno. Valued like it’s a duster. But they’ve already bagged 5.1mt. And now have a strong candidate that cud eclipse the large Pallas green of 45mt. Quite a startling risk reward. Teeling ain’t no dummy. He knows it’s worth multiples. If a buyout lands it won’t be so out of the blue for us lot on here.
Auc, many small cap shares have had a good couple of (blue) days. No one seems particularly interested in ARK even though a bid for our share of Stonepark by G11/Glencore (petty cash!) would be at multiples of today's mcap imo
Not for ARK. Another company. Shows the demand.
A NEW tweet! Gosh!
Https://mobile.twitter.com/ArkleResources
A big Zinc order!
In the meantime Mr Teeling how about an update on the following?
*Southern Zimbabwe (3 lithium licences covering 163 hectares) and
*'We are also examining a specific exploration opportunity in another jurisdiction. I look forward to updating shareholders on this as soon as possible.' (RNS 30 June 22)
G11 news. Another successful drill result in Ireland for G11. It validates their interpretation of geological data to identify specific targets.
It follows the successful Stonepark drill earlier this year part owned with ARK. G11 stated stonepark now has the potential to eclipse the large Pallas Green deposit of 45M mt.