Rns28 Sep 2020 11:16
Overlooking all the BB BS banter a few interesting points to note from the RNS
Zink:
“ The drilling at the Stonepark zinc project will produce results within weeks.”
News flow within weeks...
“ In recent months there has been significant interest in the zinc potential in the Limerick area. Glencore, who own the huge Pallas Green zinc discovery, 45 million tons plus, continue to drill their licences. Pallas Green adjoins our Stonepark licence. In recent weeks Group Eleven have announced a very good drill hole result from their Carrickittle licence, adjacent to the South Eastern border of Arkle's ground. Our successful drill hole in 2019 at Kilteely, on Arkle ground, is close to the border with the Carrickittle licence and shares similar geology to the discovery hole. It is also noteworthy that Glencore have purchased shares and subsequently increased their shareholding in Group Eleven. “
So rather than buy shares in group Elevel, makes sense to buy ARK’s early stage % in the project ?
Gold:
“There is a swarm of gold bearing veins running down the Wicklow hills. The veins are often narrow, but can be very high grade, in excess of 25gms, per tonne of rock. “
“ Following an extensive 2019 review of our gold database, a tight soil sampling programme was undertaken just south of Carnew. A 5km square area was surveyed using XRF handheld technology taking soil samples every 20 metres along 100 metre spaced grid lines. The results were good, five new anomalies were identified. The next stage of exploration at Mine River is trenching to see the extent of the gold. This work is ready to start once approvals are obtained from the authorities. We are hoping to undertake this before winter closes in.”
“ Our Donegal gold sampling has produced good results. We were sampling on a tight grid along a trend where we had previously obtained some good gold grades. We found what we were looking for but were delighted to discover strong gold indicator mineral levels to the southwest on our licence, stretching outside of the sampling area. We are immediately sampling this new area to identify drill targets.”
“ The company raised £502,000 in the period, a further £600,000 was raised in August 2020. This covers expenditures for the next eighteen months.”
let’s not forget this is Ireland not Africa, it’s a safe and sort after jurisdiction & mr J Teeling has a good track record of making share prices mega spike.
Plenty to look forward too, I would buy more if I had the funds.
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