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Results of Annual General Meeting

27 Jul 2023 11:30

RNS Number : 4366H
Arkle Resources PLC
27 July 2023
 

 

 

27 July 2023

 

Arkle Resources PLC

 

("Arkle", the "Group" or the "Company")

 

RESULTS OF ANNUAL GENERAL MEETING

 

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that at the Annual General Meeting ("AGM") held in Dublin today, all resolutions were duly passed.

 

The highlights of the presentation by the Company at the AGM are outlined below:

 

· Arkle has three ongoing exploration projects in Ireland, Stonepark Zinc, Mine River Gold / Lithium and Inishowen Gold.

 

· During 2022, on the Company's Stonepark Zinc licence block, six holes were completed, three exploratory holes and three holes focused on the south of the licence block close to the Carrickittle licence held by its partner and operator Group Eleven.

 

· The hole at Carrickittle West, on Stonepark ground, intercepted a major zinc hosted fault structure. This suggests a high priority zinc target at depth which will be drilled to about 900 metre depth.

 

· Drilling at Carrickittle North, also on Stonepark ground, discovered a zone of hydrothermal activity which is associated with large zinc deposits like that at the nearby Pallas Green discovery.

 

·  At Stonepark, the Directors believe Arkle is seeing all the hallmarks and indications of what could be a large scale lead zinc deposit. It is ideally placed next to the Pallas Green Deposit and recent drilling has identified that mineralisation is present at significant distances from the current deposit. This would suggest an extensive mineralised system at depth. In the recent drilling Arkle also found evidence of a major fault structure with significant displacement. The Company notes that these large scale faults in this geology are extremely prospective for Irish type lead zinc deposits.

 

· On Arkle's Mine River Licences, the recent focus has been on lithium in the pegmatites. Lithium bearing pegmatites were discovered with the best grades in the Bunclody area. A subsequent sampling programme around Bunclody has produced inconclusive results.

 

· Drill ready targets have been identified on the Company's Inishowen Donegal Gold licence. Work is expected to begin there in the immediate future.

 

· In an additional comment, Arkle Chairman, John Teeling said that Arkle continues to explore other project opportunities and hopes to update shareholders in the near future.

 

 

John Teeling

Chairman

27 July 2023

 

 

Information for Editors

Arkle is a diversified exploration company with principal assets in gold, zinc and now lithium exploration licences in Ireland. The Company currently has two 100% owned gold projects (Mine River and Inishowen) and is in joint venture with Group Eleven Resources Corp. at the Stonepark Zinc Project.

 

 

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

Megan Ray

 +44 (0) 207 138 3204

Teneo

Luke Hogg

 

 

 

 

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Date   Source Headline
4th Apr 202411:00 amRNSDrilling Update on Stonepark Property
1st Feb 20247:00 amRNSDonegal Gold Drilling Update
30th Jan 202411:00 amRNSNew licence awarded at Stonepark, Limerick
26th Jan 20247:00 amRNSAughrim Exploration Update
20th Dec 20237:00 amRNSGold Drilling Update
15th Dec 20237:00 amRNSAward of New Lithium Brines Licences
30th Nov 20234:30 pmRNSTotal Voting Rights
30th Nov 20237:00 amRNSDrilling to start on the Inishowen gold project
29th Nov 20237:00 amRNSPegmatites on new lithium exploration ground
16th Nov 20237:00 amRNSPlacing to Raise £215,000
15th Nov 20237:00 amRNSProspecting Begins on Lithium Exploration Ground
25th Oct 202311:05 amRNSReplacement Granting of lithium exploration ground
25th Oct 20237:00 amRNSGranting of new lithium exploration ground
26th Sep 20237:00 amRNSInterim Statement
27th Jul 202311:30 amRNSResults of Annual General Meeting
27th Jun 20237:00 amRNSFinal Results for the Year Ended 31 December 2022
22nd Jun 20231:20 pmRNSHolding(s) in Company
5th Apr 202310:03 amRNSHoldings in Company
31st Mar 202312:51 pmRNSDirector Shareholding
31st Jan 202311:00 amRNSReview of 2022 Drilling on Stonepark
12th Jan 20237:00 amRNSLithium pegmatites discovered at Mine River
30th Nov 20227:00 amRNSTotal Voting Rights
24th Nov 20227:00 amRNSPegmatites identified in Mine River Block
22nd Nov 202211:00 amRNSStonepark Drilling Update
14th Nov 20227:00 amRNSPlacing to Raise £200,000
29th Sep 20227:00 amRNSInterim Statement
27th Sep 202211:00 amRNSAdditional Drilling on Stonepark
15th Sep 202211:00 amRNSRecommencement of Drilling on Stonepark Licences
9th Aug 202211:00 amRNSUpdate on Stonepark Operation
5th Aug 202211:14 amRNSResult of Annual General Meeting
30th Jun 20227:00 amRNSFinal Results for the Year Ended 31 December 2021
23rd Jun 20227:00 amRNSGrant of Three Licences in Zimbabwe
16th Jun 202211:00 amRNSSignificant Zinc Target Discovered
31st May 20227:00 amRNSTotal Voting Rights
3rd May 20229:05 amRNSSecond Price Monitoring Extn
3rd May 20229:00 amRNSPrice Monitoring Extension
28th Apr 202212:02 pmRNSExercise of Warrants
1st Mar 202212:29 pmRNSTotal Voting Rights
22nd Feb 20227:00 amRNSExercise of Warrants
2nd Feb 202211:00 amRNSDrilling Begins at Stonepark
19th Jan 202211:00 amRNSDrilling to Begin on Stonepark
24th Nov 20217:00 amRNSUpdate at Mine River
30th Sep 20217:00 amRNSInterim Statement for period ended 30 June 2021
10th Sep 20212:50 pmRNSHigh grade gold intersected at Mine River
4th Aug 20218:50 amRNSFurther results from drilling at Mine River
27th Jul 20211:35 pmRNSResult of Annual General Meeting
13th Jul 20217:00 amRNSPreliminary results from drillhole 4 at Mine River
25th Jun 20219:38 amRNSFinal Results for the Year Ended 31 December 2020
16th Jun 202112:15 pmRNSUpdate on Mine River Drilling
21st May 20217:00 amRNSFirst Drillhole at Mine River Intersects Gold

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