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IN BRIEF: Arkle reports gold mineralisation at Donegal

Thu, 01st Feb 2024 13:54

Arkle Resources PLC - exploration company, with principal assets in Irish gold and zinc exploration licences - Records results of up to 80 centimetres at 1.65 grammes per tonne of gold at its Donegal project in Ireland. Says the strike length of the gold bearing structure has been extended. Chair John Teeling says: "We are encouraged by the results of our drilling programme at Inishowen. The discovery of gold mineralisation in multiple holes along strike demonstrates that the main vein continues northwards as predicted but will now require further drilling to truly evaluate its potential. We are not deterred by the lower grades in this recent drilling campaign as this is typical in these types of systems and we expect grades and widths to fluctuate along strike. We look forward to further exploration and development of this project."

Current stock price: 0.40 pence, down 5.7%

12-month change: down 24%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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