Last checked at 9 Aug 2022 11:00
9 August 2022
Arkle Resources PLC
("Arkle" or the "Company")
Update on Stonepark Operation
Arkle Resources plc (AIM: ARK), is pleased to provide an update on the Stonepark group of licences in Limerick. The Stonepark project is a joint venture with Group Eleven Resources Corp. ("Group Eleven"), who hold a 76.56% interest and Arkle the remaining 23.44%.
Group Eleven, who also operate the drilling programme at Stonepark, have provided the following information:
· Group Eleven have begun planning a follow up drill hole several hundred metres north of drill hole G-11-2531-01 reported in June of this year. This is the Carrickittle West hole which was drilled to 642 metres and the target is a significant sized zinc deposit.
· A further three holes will be drilled on the Stonepark licences beginning in September, two holes on the Western side of the licence block and one to the South of the block.
John Teeling, Chairman of Arkle, commented: "Progress is being made in exploring the Stonepark block. The Carrickittle West hole discovered a major fault structure with significant vertical displacement. These structures are highly prospective in Irish style zinc deposits."
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 Advisor & 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 | ||
Rachael Brooks | ||
Teneo |
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Luke Hogg | +353 (0) 1 661 4055 | |
Ciara Wylie | +353 (0) 1 661 4055 | |
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Information for Editors
Arkle is a diversified exploration company with principal assets in gold and zinc exploration licences across 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.