Last checked at 4 Aug 2021 08:50
4 August 2021
Arkle Resources PLC
("Arkle" or the "Company")
Further results from drilling at Mine River
- 2.5 metres at 0.83g/t Au including 0.5 metres at 2.83g/t Au in 21-TB-09, Hole 5
- Further gold analysis of hole 4 confirms previously reported grades
Arkle Resources (AIM: ARK) announces results from its fifth drillhole of the diamond drilling programme being undertaken at the Company's 100% owned Mine River Gold Project in Wicklow / Wexford. Further analysis of previous results from 21-TB-08, Hole 4, where visible gold ("Au") was noted, confirmed the grades previously reported on 13 July 2021.
Highlights of Hole 5:
Hole ID | From (metres) | To (metres) | Width (metres) | Au (g/t) |
21-TB-09 | 10.8 | 11.3 | 0.5 | 0.16 |
21-TB-09 | 52.4 | 54.9 | 2.5 | 0.83 |
Including: | ||||
21-TB-09 | 53.9 | 54.4 | 0.5 | 2.83 |
21-TB-09 | 88.4 | 89.4 | 1.0 | 0.51 |
21-TB-09 | 148.9 | 149.4 | 0.5 | 0.20 |
This recent drillhole was located 220 metres west along strike from 21-TB-08 (Hole 4), with further blue quartz veins and sulphide noted. Additional work on the samples will be undertaken to better understand the nature of the gold.
Samples from the sixth hole have been sent for analysis and drilling has now commenced on the seventh hole of the drill programme, which is located 100 metres eastwards of Hole 5.
John Teeling, Chairman commented: "We continue to intercept more gold veins along strike at Tombreen. Although the bulk of the veins are low grade it proves the extension of them for hundreds of metres. This is now a substantial gold zone. The latest hole being drilled, Hole 7, is located 100m eastwards of Hole 5."
This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR".
ENDS
Enquiries:
Arkle Resources PLC | |
John Teeling, Chairman | +353 (0) 1 833 2833 |
Jim Finn, Finance Director | +353 (0) 1 833 2833 |
SP Angel Corporate Finance LLPNominated Adviser & Joint Broker | |
Matthew Johnson/Adam Cowl | +44 (0) 203 470 0470 |
First Equity Limited | |
Joint Broker | |
Jason Robertson | +44 (0) 207 374 2212 |
Blytheweigh | +44 (0) 207 138 3204 |
Megan Ray | |
Rachael Brooks | |
Teneo |
|
Luke Hogg | +353 (0) 1 661 4055 |
Ciara Wylie | +353 (0) 1 661 4055 |