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Gold Drilling Update

20 Dec 2023 07:00

RNS Number : 3665X
Arkle Resources PLC
20 December 2023
 

20 December 2023

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Gold Drilling Update

 

Highlights

 

- Drilling completed in Donegal

- The target vein was found in all four holes

- 220.4m drilled over four holes

 

Arkle Resources (AIM:ARK) is pleased to announce that drilling has now been completed on the Inishowen Co. Donegal gold prospect. Core has been sent for analyses and results are due by the end of January.

 

The drilling program, designed to assess the main gold-bearing outcrop was successful in the identification of vein bearing structures in all four holes and is a positive indicator of the prospect's potential.

 

Additional drill holes have been permitted, contingent on the results obtained from this phase of drilling. The success of the current drilling program opens the door for further exploration and potential expansion of the project.

 

John Teeling, Chairman, commented, "It is gratifying to resume exploration activities at Inishowen. The positive results from this drilling campaign have allowed us to trace the main vein along strike and at depth and we are now positioned to expand our understanding of the geological potential in this region."

 

 

 

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.

 

 

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

BlytheRay

+44 (0) 207 138 3204

Megan Ray

Teneo

 

Luke Hogg

+353 (0) 1 661 4055

 

Information for Editors

Arkle is a diversified exploration company with lithium exploration licences in Ireland, Zimbabwe and Botswana and gold and zinc projects in Ireland.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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